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.
Cash and other assets are less liabilities.
Important Risk Considerations
Although the fund seeks to maintain a stable $1.00 NAV, it may not achieve its objective, and you could lose money on your investment in the fund. A major increase in interest rates or a decline in the credit quality of an issuer or entity providing credit support, an inactive trading market for money market instruments, or adverse market, economic, political, regulatory, geopolitical, or other conditions could cause the fund's share price to decrease to below $1.00.
Events that affect the banking or related industries may have a significant adverse effect on the fund.
Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions.
The fund's performance could be more volatile than the performance of more diversified 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.