MFS® Global Real Estate Fund

Fund Overview

Objective

Seeks total return.

Key Differentiators

  • Invests primarily in equity real estate investment trusts
  • Emphasis on REITs believed to be attractively priced with above-average growth prospects

Managers

Fund Information

MGLAXSYMBOL
$15.24 DAILY NAV AS OF 5/25/17
$594 M NET ASSETS AS OF 4/30/17
Fund Commencement
3/11/09
Class Inception
3/11/09
Net Assets ($M)
As of 4/30/17
$594.79
Maximum Sales Charge
5.75%
Net Asset Value (NAV)
As of 5/25/17
$15.24
NAV Change
$ -0.02  | -0.13%
Fiscal Year End
AUGUST
Fund Number
59
Gross Expense ratio
1.46 %
Net Expense ratio
1.35 %

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, 2017.

Top 10 Holdings Details

As of 4/30/17

Simon Property Group Inc REIT
Public Storage REIT
AvalonBay Communities Inc REIT
Unibail-Rodamco SE REIT
Mitsui Fudosan Co Ltd
Dream Office Real Estate Investment Trust REIT
Mid-America Apartment Communities Inc REIT
Hang Lung Properties Ltd
Alexandria Real Estate Equities Inc REIT
Equity LifeStyle Properties Inc REIT

33.09% of total net assets

Total number of holdings: 47

Full and Historical Holdings

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 4/30/17 (YTD Updated Daily, as of 5/25/17) As of 3/31/17
 

*YTD Updated Daily as of 5/25/17, 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.

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.

Morningstar Rating™ Details

As of 4/30/17

MORNINGSTAR CATEGORY:

Global Real Estate

Overall

Out of   185   funds

3 Yr.

Out of   185   funds

5 Yr.

Out of   153   funds

10 Yr.

N/A

Morningstar ratings are based on risk adjusted performance.

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") results include the maximum sales charge.

Important Risk Considerations

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

  • 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 foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.

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

  • Real estate-related investments can be volatile because of general, regional, and local economic conditions, fluctuations in interest rates and property tax rates; shifts in zoning laws, environmental regulation and other governmental actions; increased operation expenses; lack of availability of mortgage funds; losses due to natural disasters; changes in property values and rental rates; overbuilding; losses due to casualty or condemnation, cash flows; and other factors.

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

Product Insights

Morningstar Disclosure

The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar rankings may vary among share classes and are based on historical total returns, which are not indicative of future results.

Class A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan.) Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load.

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.