MFS Stewardship Report: Fourth Quarter 2023

As an active manager, we have always sought to identify investments that can add long-term value for our clients. In 2009, we formed the MFS Responsible Investing Committee, now known as the Client Sustainability Committee, and issued the MFS Policy on Responsible Investing and Engagement to ensure that the consideration of sustainability topics is systematically integrated into our investment process.

We are continually thinking about how to enhance our investment approach and capabilities to ensure we remain equipped to manage our clients’ assets in a rapidly evolving sustainability landscape, and we have added resources dedicated to this effort.

We have also enhanced our efforts relating to stewardship, which we define as our fiduciary duty to engage productively with companies and other industry participants and exercise our voting rights thoughtfully and deliberately.

This report provides a quarterly update of our sustainability and stewardship activity. We hope it offers our clients insights into our sustainability approach and how we aim to maximize long-term risk adjusted returns for our clients.