MFS® Low Volatility Global Equity Fund

Fund Overview

Objective

Seeks capital appreciation.

Key Differentiators

  • Low-volatility stocks may be an appropriate alternative for risk-averse equity investors.
  • Over the long term, low volatility stocks historically have outpaced riskier equities.
  • Growth potential is a critical component of long-term portfolios.

Managers

Fund Information

MVGAXSYMBOL
$12.21 DAILY NAV AS OF 4/26/17
$91 M NET ASSETS AS OF 3/31/17
Fund Commencement
12/5/13
Class Inception
12/5/13
Net Assets ($M)
As of 3/31/17
$91.26
Maximum Sales Charge
5.75%
Net Asset Value (NAV)
As of 4/26/17
$12.21
NAV Change
$ 0.00  | 0.0%
Fiscal Year End
AUGUST
Fund Number
1025
Gross Expense ratio
1.44 %
Net Expense ratio
1.24 %

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

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 December 31, 2017.

Top 10 Holdings Details

As of 3/31/17

Taiwan Semiconductor Manufacturing Co Ltd ADR
Johnson & Johnson
General Mills Inc
Roche Holding AG
Ross Stores Inc
Validus Holdings Ltd
McDonald's Corp
Fisher & Paykel Healthcare Corp Ltd
Integra LifeSciences Holdings Corp
Nestle SA

23.86% of total net assets

Total number of holdings: 94

Full and Historical Holdings

The portfolio is actively managed, and current holdings may be different.

Average Annual Total Returns % Details

These results represent the percent change in net asset value.

As of 3/31/17 (YTD Updated Daily, as of 4/25/17) As of 3/31/17
 

*YTD Updated Daily as of 4/25/17, 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.

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™ Details

As of 3/31/17

MORNINGSTAR CATEGORY:

World Stock

Overall

Out of   839   funds

3 Yr.

Out of   839   funds

5 Yr.

N/A

10 Yr.

N/A

Morningstar ratings are based on risk adjusted performance.

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.

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 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.

  • The fund’s strategy to invest in historically lower-volatility equity securities may not produce the intended results if lower-volatility equity securities do not outperform the benchmark, if in general the historical volatility of an equity security is not a good predictor of the future volatility of that equity security, and/or if the specific equity securities held by the fund become more volatile than expected. It is expected that the fund will generally underperform the equity markets during strong, rising equity markets.

  • MFS' investment analysis, its development and use of quantitative models, and its selection of investments may not produce the intended results and/or can lead to an investment focus that results in the fund underperforming other funds with similar investment strategies and/or underperforming the markets in which the fund invests. Investments selected using quantitative models may not produce the intended results due to the factors used in the models, the weight placed on each factor in the models, changing sources of market return, and technical issues in the design, development, implementation, and maintenance of the models (e.g., incomplete or inaccurate data, programming or other software issues, and technology failures).

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

Product Insights

Morningstar Disclosure

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 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.