MFS® Global Tactical Allocation Portfolio

Fund Overview

Objective

Seeks total return.

Key Differentiators

  • Uses fundamental, bottom-up security analysis to invest in a broadly diversified portfolio of global stocks, bonds and currencies
  • Employs tactical asset allocation to actively adjust the funds exposure to various global markets in response to market conditions

Managers

Fund Information

$15.03 DAILY NAV AS OF 8/27/15
55274F497 CUSIP
$924 M NET ASSETS AS OF 7/31/15
Net Asset Value (NAV)
As of 8/27/15
$15.03
NAV Change
$ 0.10  | 0.67%
Class Inception
11/7/94
Start of Investment Operations
11/7/94
Net Assets ($M)
As of 7/31/15
$924.09
Gross Expense ratio
0.76 %
Net Expense ratio
0.76 %

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.

Top 10 Holdings Details

As of 7/31/15

Aud Bond 10Yr Future SEP 15 15
UST Bond 10Yr Future SEP 21 15
MSCI Taiwan Index Future AUG 28 15
IBEX Index Future AUG 21 15
FTSE MIB Index Future SEP 18 15
Canadian Bond 10Yr Future SEP 21 15*
Aust SPI 200 Future SEP 17 15*
Euro Bund 10Yr Future SEP 08 15*
S&P 500 E-Mini Future SEP 18 15*
JGB 10Yr Future SEP 10 15*

18.26% long and 27.01% short (*) positions of total net assets

Total number of holdings: 546

Full and Historical Holdings

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

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

Average Annual Total Returns % Details

These results represent the percent change in net asset value.

As of 7/31/15 (YTD Updated Daily, as of 8/26/15) As of 6/30/15
 

*YTD Updated Daily as of 8/26/15, 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 units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

Important Performance Information

Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains. The performance is as of the date shown; it may not include the entire investment portfolio and is subject to change.

Initial Class shares have no sales charge.

The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.

Withdrawals of earnings or other taxable amounts are subject to income tax and, if made prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. Early withdrawals reduce the death benefit.

Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®/Sun Life Series Trusts.

No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.

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.

Product Insights

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.