EXPERIENCE PUT TO WORK FOR YOU

MFS Fixed Income: Always Active and Future Focused

For Your Clients: The Power of Active Investing

With this brochure — illustrating the lessons learned from more than 100 years of investing — inform clients how they can leverage active strategies to address challenges and stay focused on the future.

Source: Ibbotson, Bloomberg, Morningstar. MFS Analysis Monthly data from 31 December 1925 through 31 December 2024. Returns are in USD. Data for stock and cash returns are monthly total returns to the Ibbotson US Large Stock Total Return Index and Ibbotson 30-day T-Bill from January 1926 through December 2024. Data for bond returns are monthly total returns for Ibbotson US Intermediate Term Government Bond Index from 31 December 1925 through 31 December 2023 and Bloomberg US Treasury (5-7 Yr) Index for 31 December 2023 through 31 December 2024. Inflation based on Ibbotson published inflation rate for that same time period. Total of 1,177 rolling periods calculated. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Ibbotson US Large Stock Total Return Index measures the performance of the 500 largest publicly traded companies in the US equity market. Ibbotson 30-day T-Bill measures the performance of a single issue of outstanding Treasury Bill which matures closest to, but not beyond, one month from the rebalancing date. The issue is purchased at the beginning of the month and held for a full month; at the end of the month that issue is sold and rolled into a newly selected issue. Ibbotson US Intermediate Term Government Bond Index is an unmanaged index that measures the performance of the U.S. intermediate-term government bond market, constructed as a single-bond portfolio of the shortest-term, non-callable government bond with less than 5 years to maturity.

¹ A rolling period is the annualized return for each sequential 120 months of returns from January 1926 though December 2024. The first period is from January 1926 through December 1935, the second period is from February 1926 through January 1936, and so on.