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MFS® Global Governments Portfolio

       
   
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CUSIP:  55274F539  
Daily NAV:  $10.84  (as of 4/23/14)
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Portfolio Profile

Invests in a wide range of government securities from countries across the globe

A high-quality portfolio consisting of government securities issued by developed countries around the globe, including the U.S. Management seeks to drive performance through country and issue selection.

Objective:

Seeks total return with an emphasis on current income, but also considering capital appreciation.

 

  • Classification: Bond
  • Class Inception: 5/16/88  
  • Start of Investment Operations: 5/16/88  
  • CUSIP:  55274F539  

Portfolio Facts:

 
Portfolio characteristic data are based on unaudited net assets.

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

 
Portfolio Structure
(on 3/31/14)
Non-U.S. Sovereigns 65.70%
U.S. Treasuries 23.11%
Cash & Other1 8.77%
High Grade Corporates 1.15%
U.S. Govt Agencies 0.67%
Mortgage Backed 0.59%
Commercial Mtg Backed 0.00%
Portfolio Statistics
(on 3/31/14)
What's this?
Average Effective Maturity 8.89 yrs
Average Effective Duration 6.56 yrs
 
Top 10 Holdings
(on 3/31/14)  
What's this?
Full & Historical Holdings
Japan Government Ten Year Bond 1.100 JUN 20 20
Italy Buoni Poliennali Del Tesoro 5.25 AUG 01 17
United States Treasury Note 4.125 MAY 15 15
United States Treasury Note 4.750 AUG 15 17
Japan Government Twenty Year Bond 2.100 SEP 20 24
United States Treasury Note 4.5 AUG 15 39
Italy Buoni Poliennali Del Tesoro 3.750 MAR 01 21
Japan Government Twenty Year Bond 2.200 SEP 20 27
United States Treasury Note/Bond 3.500 MAY 15 20
Spain Government Bond 5.50 JUL 30 17

51.35% of total net assets
Total number of holdings: 78
Credit Quality
(% of Total Net Assets on 3/31/14)
What's this?
U.S. Government 23.11%
Federal Agencies 1.27%
AAA 12.82%
AA 10.67%
A 20.42%
BBB 21.22%
BB 1.72%
CCC and Below 0.00%
 
 

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; this may include derivative offsets.

 
 
Important Risk Considerations

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

 
Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, 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 rate environments as the underlying debt instruments in the portfolio adjust to the rise in 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.

 
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.

 
Investments in derivatives can be used to take both long and short positions, be highly volatile, result in 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 lower-quality debt instruments can be more volatile and have greater risk of default than higher-quality debt instruments.

 
The portfolio's performance could be more volatile than the performance of more diversified portfolios.

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

 
Before purchasing any variable product, consider the objectives, risks, charges, and expenses associated with the underlying investment option(s) and those of the product itself. For a prospectus, or summary prospectus if available, containing this and other information, contact your investment or insurance professional. Read the prospectus carefully before investing.