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MFS® Equity Opportunities Fund

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Fact Sheet

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Symbol: SRFAX   CUSIP:  55275E473   Newspaper Abbreviation: PENDING   Fund number: 1040  
Daily NAV:  $27.39  (as of 4/22/14)
    Characteristics Fund Profile Performance Portfolio Management Dividends and Capital Gains Price History Fund Reports/Prospectus Sales Tools

Fund Profile

An opportunistic multi-cap core approach

MFS Equity Opportunities Fund follows an opportunistic core approach and employs a disciplined process to select stocks across numerous sectors, styles, and market capitalizations. The fund utilizes MFS' global research platform to identify investment opportunities that are attractive from both a quantitative and a fundamental perspective. Investments may be concentrated in a relatively small number of sectors.


Seeks capital appreciation.

Important Risk Considerations


  • Classification: Domestic Growth Stock
  • Fiscal Year End:  OCTOBER
  • Fund Commencement: 1/3/07  
  • Class Inception: 8/30/00  
  • CUSIP:  55275E473  
  • Newspaper Abbreviation: PENDING  
  • Net Assets:  $462.46 million (as of 3/31/14)
  • Maximum Sales Charge:  5.75%
See important information below.

Portfolio Facts:

Portfolio characteristic data are based on unaudited net assets.

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

Types of Holdings
(on 3/31/14)
Stocks 97.99%
Cash & Other1 2.01%
Top 10 Holdings
(on 3/31/14)  
What's this?
Full & Historical Holdings
FleetCor Technologies Inc
Endo Health Solutions Inc
Facebook Inc
Copa Holdings SA
Packaging Corp of America
Frontier Communications Corp
Time Warner Cable Inc
Basic Energy Services Inc
Kroger Co
Hewlett-Packard Co

27.35% of total net assets
Total number of holdings: 45
5 Largest Equity Sectors/Categories
(on 3/31/14)
Financial Services 24.01%
Health Care 11.80%
Utilities & Communications 10.53%
Special Products & Services 9.73%
Technology 9.63%
Top 10 Country Weightings
(on 3/31/14)
United States 95.34%
Panama 2.66%

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.


1 Cash and other assets are less liabilities.


Morningstar RatingTM: As of 3/31/14

Morningstar Category: Large Blend
3 yr
5 yr
10 yr
Number of funds in Large Blend: 1361 1361 1219 806

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Each fund is rated exclusively against U.S. domiciled funds. The Overall Morningstar Rating™ is based on the weighted average of the number of stars assigned to the fund's applicable time periods. In cases where the fund has changed investment categories, its historical information is given less weight. If the fund has been in existence at least 10 years, the 10-year rating accounts for 50%, the 5-year for 30%, and the 3-year for 20%. If the fund has been in existence at least 5 years, but less than 10 years, the 5-year rating accounts for 60% and the 3-year for 40%. If the fund has been in existence for 3 years, but less than 5 years, the 3-year rating accounts for 100%. Morningstar rankings may vary among share classes and are based on historical total returns, which are not indicative of future results.

Load-waived (LW) 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). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. 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.


©2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Important Information: Reflects performance since inception (8/30/00) of the Penn Street Advisors Sector Rotational Portfolio Class A. Because Class A expenses are generally higher than those of the MFS Equity Opportunities Fund Class A shares, performance shown for this share class is generally lower than it would have been had it been offered for the entire period.

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, political, regulatory, geopolitical, and other conditions.

The fund's performance could be more volatile than the performance of more diversified funds.

The fund's performance may be closely tied to the performance of companies in a limited number of sectors and could be more volatile than the performance of less focused funds.

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

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.