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MFS® Global Tactical Allocation Portfolio

       
   
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Fact Sheet

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CUSIP:  55274F497  
Daily NAV:  $16.82  (as of 2/25/15)
    Characteristics Portfolio Profile Performance Portfolio Management Price History Reports/Prospectus Sales Tools

Portfolio Profile

A flexible global balanced portfolio

This team-managed portfolio consists of a globally diversified mix of stocks and bonds. The portfolio seeks to actively adjust exposure to equity, fixed income and currency strategies based on quantitative models that assess relative attractiveness of the various asset classes.

Objective:

Seeks total return.

 

  • Classification: Global/International
  • Class Inception: 11/7/94  
  • Start of Investment Operations: 11/7/94  
  • CUSIP:  55274F497  

Portfolio Facts:

Fund Positions through January 31,2015
    Actively Managed Overlay Impact1 Net Exposure
Fixed Income U.S. 18.23% 10.82% 29.05%
  Europe ex-U.K. 17.49% -3.93% 13.56%
  United Kingdom 3.90% 0.66% 4.56%
  Emerging Markets 1.93% 0.00% 1.93%
  North America ex-U.S. 2.46% -0.94% 1.52%
  Japan 7.99% -6.50% 1.49%
  Developed - Middle East/Africa 0.07% 0.00% 0.07%
  Asia/Pacific ex-Japan 3.35% -3.29% 0.07%
      Total 52.24%

Equity U.S. Large Cap 17.07% -4.32% 12.75%
  Europe ex-U.K. 6.62% 5.13% 11.75%
  Emerging Markets 0.39% 6.54% 6.92%
  Japan 4.08% -0.47% 3.61%
  United Kingdom 3.70% -1.00% 2.70%
  Asia/Pacific ex-Japan 0.36% 1.32% 1.68%
  U.S. Small/Mid Cap 0.61% -1.84% -1.23%
  North America ex-U.S. 0.76% -4.26% -3.50%
      Total 34.69%

Real Estate Related Non-U.S. 0.80% 0.00% 0.80%
  U.S. 0.39% 0.00% 0.39%
      Total 1.19%

Cash Cash & Equivalents 3.46% 4.00% 7.46%
  Derivative Cash Equivalents 2 2.28% 2.14% 4.42%
      Total 11.88%

  Total Net Exposure Summary 95.95%

4.05%

100.00%

1Represents the Fund's exposure to various markets using derivative instruments.
2Represents the offsetting component of the Fund's derivative transactions
 
Portfolio characteristic data are based on unaudited net assets.

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

 
Top 10 Holdings
(on 1/31/15)  
What's this?
Full & Historical Holdings
UST Bond 10Yr Future MAR 20 15
Japan Government Twenty Year Bond 2.100 SEP 20 24
United States Treasury Note 2.750 FEB 15 24
Japan Government Ten Year Bond 1.100 JUN 20 20
Aust SPI 200 Future MAR 19 15*
Aud Bond 10Yr Future MAR 16 15*
Euro Bund 10Yr Future MAR 06 15*
S&P TSX 60 Index Future MAR 19 15*
S&P 500 E-Mini Future MAR 20 15*
JGB 10Yr Future MAR 11 15*

17.58% long and 26.27% short (*) positions of total net assets
Total number of holdings: 467
Currency Weights
(on 1/31/15)
United States Dollar 84.04%
Japanese Yen 7.42%
Norwegian Krone 3.65%
Euro 2.96%
British Pound Sterling 1.66%
New Zealand Dollar 1.15%
Canadian Dollar 0.80%
Australian Dollar 0.40%
Taiwan Dollar 0.39%
Indian Rupee 0.32%
Turkish Lira 0.23%
Mexican Peso 0.21%
South African Rand 0.19%
Thailand Offshore Rate 0.15%
Danish Krone 0.15%
Polish Zloty 0.14%
Malaysian Ringgit 0.12%
Brazilian Real 0.07%
Czech Koruna 0.06%
South Korean Won 0.05%
Singapore Dollar 0.01%
Israeli Shekel 0.01%
Hong Kong Dollar* -0.05%
Swedish Krona* -0.24%
Swiss Franc* -3.87%
 
 

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.

 

*Short positions, unlike long positions, lose value if the underlying asset gains value.

 
Important Risk Considerations

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

 
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 debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, 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, industry, political, regulatory, geopolitical, or other conditions.

 
Investments in derivatives can be used to take both long and short positions, be highly volatile, involve 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.

 
MFS’ assessment of the risk/return potential of asset classes, markets and currencies and its adjustments to the fund’s exposure to asset classes, markets and currencies may not produce intended results and/or can lead to an investment focus that results in the fund underperforming other funds that invest in similar investment types or have similar investment strategies and/or underperform the markets in which the fund invests.

 
The fund’s strategy to manage its exposure to asset classes, markets and currencies may not produce intended results. In addition, the strategies that MFS may implement to limit the fund’s exposure to certain extreme market events may not work as intended, and the costs associated with such strategies will reduce the fund’s returns.

 
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.