MFS® Low Volatility Equity Fund

Fund Overview

Objective

Seeks capital appreciation.

Key Differentiators

  • Growth potential is a critical component of long-term portfolios.
  • Over the long term, low volatility stocks historically have outpaced riskier equities.
  • Low-volatility stocks may be an appropriate alternative for risk-averse equity investors.

Managers

Fund Information

MLVAXSYMBOL
$12.61 DAILY NAV AS OF 12/8/16
$59 M NET ASSETS AS OF 10/31/16
Fund Commencement
12/5/13
Class Inception
12/5/13
Net Assets ($M)
As of 10/31/16
$59.58
Maximum Sales Charge
5.75%
Net Asset Value (NAV)
As of 12/8/16
$12.61
NAV Change
$ 0.02  | 0.16%
Fiscal Year End
AUGUST
Fund Number
1023
Gross Expense ratio
2.74 %
Net Expense ratio
1.20 %

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 10/31/16

Johnson & Johnson
Alphabet Inc Class A
Eli Lilly & Co
McDonald's Corp
M&T Bank Corp
Wal-Mart Stores Inc
General Mills Inc
Costco Wholesale Corp
Exxon Mobil Corp
Merck & Co Inc

20.25% of total net assets

Total number of holdings: 107

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 11/30/16 (YTD Updated Daily, as of 12/8/16) As of 9/30/16
 

*YTD Updated Daily as of 12/8/16, 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.

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.

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.

  • The fund’s strategy to invest in historically lower-volatility equity securities may not produce the intended results if lower-volatility equity securities do not outperform the benchmark, if in general the historical volatility of an equity security is not a good predictor of the future volatility of that equity security, and/or if the specific equity securities held by the fund become more volatile than expected. It is expected that the fund will generally underperform the equity markets during strong, rising equity markets.

  • MFS' investment analysis, its development and use of quantitative models, and its selection of investments may not produce the intended results and/or can lead to an investment focus that results in the fund underperforming other funds with similar investment strategies and/or underperforming the markets in which the fund invests. Investments selected using quantitative models may not produce the intended results due to the factors used in the models, the weight placed on each factor in the models, changing sources of market return, and technical issues in the design, development, implementation, and maintenance of the models (e.g., incomplete or inaccurate data, programming or other software issues, and technology failures).

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

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.