1Represents the Fund's exposure to various markets using derivative instruments.
2Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
Important Characteristics Information
Portfolio characteristic data are based on unaudited net assets.
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.
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.