MFS® U.S. Government Cash Reserve Fund

Effective February 27, 2009, new purchases into this fund have been suspended. Please see the prospectus for more information on purchase restrictions.

Fund Overview

Objective

Seeks a high level of current income consistent with preservation of capital and liquidity.

Managers

Fund Information

MSRXXSYMBOL
$1.00 DAILY NAV AS OF 5/5/16
$322 M NET ASSETS AS OF 3/31/16
Fund Commencement
12/29/86
Class Inception
9/7/93
Daily and Historical Information
Net Assets ($M)
As of 3/31/16
$322.78
Maximum Sales Charge
1%
Net Asset Value (NAV)
As of 5/5/16
$1.00
NAV Change
$ 0.00  | 0.0%
Fiscal Year End
AUGUST
Fund Number
1
Gross Expense ratio
0.92 %
Net Expense ratio
0.67 %

Daily NAV is the Net Asset Value per share determined using the amortized cost of portfolio securities rounded to two decimal places and is the price at which fund shares are transacted.

Daily and Historical Information is a report which provides the Daily Liquid Assets (% of Portfolio). Weekly liquid Assets (% of Portfolio), Net Shareholder Flows, Net Asset Value (NAV) and the Net Asset Value (at Market) for each business day during the previous 6 months. Definitions of these terms may be found on the report.

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, 2016.

Top 10 Holdings Details

As of 3/31/16

Federal Home Loan Bank 0.28 Apr 14 16
Freddie Mac 0.000 Apr 04 16
Us Treasury Bill 0.245 Apr 07 16
Us Treasury Bill 0.260 Apr 21 16
Federal Home Loan Bank 0.30 Apr 07 16
Us Treasury Bill 0.43 Aug 18 16
Us Treasury Bill 0.44 Aug 25 16
Us Treasury Bill 0.325 Jun 02 16
Federal Home Loan Bank 0.33 Apr 15 16
Federal Home Loan Bank 0.330 Apr 27 16

45.10% of total net assets

Total number of holdings: 39

Full and Historical Holdings

Money Market Fund Reports

Monthly Portfolio Holding Reports:

1The fund files monthly portfolio information with the Securities and Exchange Commission (SEC) on Form N-MFP. The fund files monthly portfolio information on Form N-MFP as of the last business day of the month no later than the fifth business day of the following month. Prior to April 14, 2016, the funds Form N-MFP became publicly available on the SECs website 60 days after the filing date. For filings made after April 14, 2016, the funds filings on Form N-MFP will be immediately available on the SECs website.

*By selecting the link, you will be directed to the corresponding filing on the SEC website.

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 4/30/16 (YTD Updated Daily, as of 5/5/16) As of 3/31/16
 

*YTD Updated Daily as of 5/5/16, 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.

An investment in the portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the portfolio.

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.

An investment in the portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the portfolio.

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") for MFS U.S. Government Cash Reserve Fund and MFS U.S. Government Money Market Fund may be purchased and redeemed at net asset value and have no initial sales charge.

Important Risk Considerations

  • You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. 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.

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

Product Insights

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.