MFS® Global Multi-Asset Fund

Multi Asset | GLMAX
Without Waiver -1.19 %
With Waiver 0.12 %
$ 9.63
$0.0 As of 12/14/17
$22M
As of 11/30/17
Morningstar
View Overall Morningstar Ratings Information

MFS® Global Multi-Asset Fund

Multi Asset
GLMAX
$0.0 As of 12/14/17
As of 11/30/17
Multi Asset | GLMAX
$ 9.63
$0.0 As of 12/14/17
$22M
As of 11/30/17
Morningstar
View Overall Morningstar Ratings Information
INVESTMENT OBJECTIVE

Seeks total return.

INVESTMENT FOCUS

Flexible multi-asset class strategy to navigate changing markets

Globally diversified portfolio of traditional and non-traditional investments, including commodities and real estate related investments

May provide enhanced risk-adjusted returns compared to traditional balanced funds

Fund Information

Fund Commencement
03/30/11
Net Assets ($ M)
As of 11/30/17
$22.54
Fiscal Year End
JUNE
Benchmark
MSCI All Country World Index measures developed and emerging market stock markets.
MSCI All Country World Index (net div)

Fund Positioning %

As of 11/30/17
  Active Security Selection Derivative Overlay Positions1
LongShort*
Net Exposure
Equity*   Total 34.15
Europe ex-U.K. 4.66
16.84 -2.85
18.65
U.S. Large Cap 16.89
0.00 -2.94
13.96
Japan 1.43
2.14 0.00
3.56
Asia/Pacific ex-Japan 1.09
5.34 -3.03
3.40
Emerging Markets 1.96
11.99 -12.56
1.38
United Kingdom 1.17
0.00 -0.44
0.73
U.S. Small/Mid Cap 3.19
0.00 -5.49
-2.29
North America ex-U.S. 0.00
0.00 -5.23
-5.23
Fixed Income*   Total 32.68
Europe ex-U.K. 8.40
6.02 0.00
14.41
U.S. 21.14
0.00 -11.56
9.58
Asia/Pacific ex-Japan 0.76
8.77 0.00
9.53
United Kingdom 1.33
4.45 0.00
5.78
Emerging Markets 0.69
0.00 0.00
0.69
Supranational 0.15
0.00 0.00
0.15
Japan 2.91
0.00 -5.95
-3.04
North America ex-U.S. 2.16
0.00 -6.58
-4.42
Commodity Related*   Total 15.25
Commodity Related 15.25
0.00 0.00
15.25
Fixed Income (inflation-adjusted)*   Total 14.42
U.S. 14.42
0.00 0.00
14.42
Real Estate Related*   Total 6.67
U.S. 3.69
0.00 0.00
3.69
Non-U.S. 2.98
0.00 0.00
2.98
Cash & Cash Equivalents 11.44
Other2 -14.61
Total Net Exposure Summary 100.00
1Market exposure of derivative position utilized to adjust fund.
2Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
MANAGERS

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical, and other conditions.

Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore the Fund's share price may decline during rising rates. Funds that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.

Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.

Commodity-related investments can be more volatile than investments in equity securities or debt instruments and can be affected by changes in overall market movements, commodity index volatility, changes in interest rates, factors affecting a particular industry or commodity, and demand/supply imbalances in the market for the commodity. Events that affect the financial services sector may have a significant adverse effect on the fund.

MFS' assessment of the risk/return potential of asset classes, markets and currencies and its adjustments to the fund's exposure to asset classes, markets and currencies may not produce intended results and/or can lead to an investment focus that results in the fund underperforming other funds that invest in similar investment types or have similar investment strategies and/or underperform the markets in which the fund invests.

The fund's strategy to manage its exposure to asset classes, markets and currencies may not produce intended results. In addition, thestrategies that MFS may implementto limit the fund's exposure to certain extreme market events may not work as intended, and the costs associated with such strategies will reduce the fund's returns.

Please see the prospectus for further information on these and other risk considerations.

Performance

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Average Annual Total Returns %

Average Annual Total Returns %

These results represent the percent change in net asset value.
Monthly | Quarterly As of 09/30/17 (*YTD Updated Daily, As of 12/13/17 , subject to revision and not annualized.)

    Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

    MORNINGSTAR RATING
    Morningstar Overall Rating As of 11/30/17 Class A Shares

    Morningstar Multialternative

    Morningstar ratings are based on risk adjusted performance.

    OVERALL
    Out Of Funds
    NA
    OVERALL MORNINGSTAR RATING
    Morningstar Overall Rating As of 11/30/17 Class A Shares

    Morningstar Multialternative

    Morningstar ratings are based on risk adjusted performance.

    NA
    THREE YEAR
    Out Of Funds
    NA
    FIVE YEAR
    Out Of Funds
    NA
    TEN YEAR
    Out Of Funds
    NA

    Important Performance Information

    Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.

    Sales Charges

    Class A shares ("A") results include the maximum sales charge.

    Annual Rate of Return %
    Pricing & Distributions

    Portfolio & Holdings Information

    Portfolio characteristic data are based on unaudited net assets.

    Collapse Expand
    Sector, Holding & Characterstics

    Sectors, Holdings & Characteristics

    Fund Positioning %

    As of 11/30/17
      Active Security Selection Derivative Overlay Positions1
    LongShort*
    Net Exposure
    Equity*   Total 34.15
    Europe ex-U.K. 4.66
    16.84 -2.85
    18.65
    U.S. Large Cap 16.89
    0.00 -2.94
    13.96
    Japan 1.43
    2.14 0.00
    3.56
    Asia/Pacific ex-Japan 1.09
    5.34 -3.03
    3.40
    Emerging Markets 1.96
    11.99 -12.56
    1.38
    United Kingdom 1.17
    0.00 -0.44
    0.73
    U.S. Small/Mid Cap 3.19
    0.00 -5.49
    -2.29
    North America ex-U.S. 0.00
    0.00 -5.23
    -5.23
    Fixed Income*   Total 32.68
    Europe ex-U.K. 8.40
    6.02 0.00
    14.41
    U.S. 21.14
    0.00 -11.56
    9.58
    Asia/Pacific ex-Japan 0.76
    8.77 0.00
    9.53
    United Kingdom 1.33
    4.45 0.00
    5.78
    Emerging Markets 0.69
    0.00 0.00
    0.69
    Supranational 0.15
    0.00 0.00
    0.15
    Japan 2.91
    0.00 -5.95
    -3.04
    North America ex-U.S. 2.16
    0.00 -6.58
    -4.42
    Commodity Related*   Total 15.25
    Commodity Related 15.25
    0.00 0.00
    15.25
    Fixed Income (inflation-adjusted)*   Total 14.42
    U.S. 14.42
    0.00 0.00
    14.42
    Real Estate Related*   Total 6.67
    U.S. 3.69
    0.00 0.00
    3.69
    Non-U.S. 2.98
    0.00 0.00
    2.98
    Cash & Cash Equivalents 11.44
    Other2 -14.61
    Total Net Exposure Summary 100.00
    1Market exposure of derivative position utilized to adjust fund.
    2Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
    *Short positions, unlike long positions, lose value if the underlying asset gains value.

    Top 10 Holdings

    As of 11/30/17
    • Aud Bond 10Yr Future DEC 15 17
    • Euro Bund 10Yr Future DEC 07 17
    • CAC 40 Index Future DEC 15 17
    • FTSE MIB Index Future DEC 15 17
    • Gb Govt Bond 10yr Future Mar 27 18
    • S&P TSX 60 Index Future DEC 14 17*
    • Russell 2000 E-Mini Future DEC 15 17*
    • JGB 10Yr Future DEC 13 17*
    • Canadian Bond 10yr Future Mar 20 18*
    • Ust Bond 10yr Future Mar 20 18*
    Exposures
    Important Characteristics Information
    Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
    *Short positions, unlike long positions, lose value if the underlying asset gains value.

    Fees

    • 1.50 % Net Expense Ratio

      Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.


      These reductions will continue until at least 10/31/18

    • 2.82 % Gross Expense Ratio

      Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

    • 5.75 % Maximum Sales Charge
      Class A shares ("A") results include the maximum sales charge.

    Resources

    Facts & Overview

    News & Announcements

    Insightful Investing

    • November 3, 2017

      Updated As of October 9, 2017

    • One of the "Best Mutual Fund Families"

      Updated As of February 12, 2017

    MORNINGSTAR RATINGS

    The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 10/31/17.

    The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

    Morningstar rankings may vary among share classes and are based on historical total returns, which are not indicative of future results. Class A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load.

    This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.

    This publication is authorized for distribution only when preceded or accompanied by a prospectus, or summary prospectus, for the portfolio being offered. Consider the fund's investment objectives, risks, charges and expenses. Contact MFS or view online. Read it carefully.

    • Overview
      INVESTMENT OBJECTIVE

      Seeks total return.

      INVESTMENT FOCUS

      Flexible multi-asset class strategy to navigate changing markets

      Globally diversified portfolio of traditional and non-traditional investments, including commodities and real estate related investments

      May provide enhanced risk-adjusted returns compared to traditional balanced funds

      Fund Information

      Fund Commencement
      03/30/11
      Net Assets ($ M)
      As of 11/30/17
      $22.54
      Fiscal Year End
      JUNE
      Benchmark
      MSCI All Country World Index measures developed and emerging market stock markets.
      MSCI All Country World Index (net div)