MFS® Absolute Return Fund

Fund Positioning %

As of 8/31/17

 
Active Security Selection
Derivative Overlay Positions1
Long Short*

Net Exposure
  Fixed Income *
 
 
113.92
U.S.
74.51
10.20
-12.73
71.98
Europe ex-U.K.
13.39
5.99
0.00
19.38
Asia/Pacific ex-Japan
1.93
10.05
0.00
11.98
United Kingdom
5.31
2.59
0.00
7.90
North America ex-U.S.
5.79
0.00
0.00
5.79
Emerging Markets
1.98
0.00
0.00
1.98
Supranational
0.43
0.00
0.00
0.43
Japan
2.58
0.00
-8.11
-5.52
  Equity *
 
 
2.01
Europe ex-U.K.
0.00
9.50
-4.15
5.35
United Kingdom
0.00
4.53
0.00
4.53
Asia/Pacific ex-Japan
0.00
7.91
-4.17
3.74
Japan
0.00
0.58
0.00
0.58
Emerging Markets
0.00
11.31
-11.33
-0.02
U.S. Large Cap
0.00
0.00
-3.70
-3.70
North America ex-U.S.
0.00
0.00
-4.21
-4.21
U.S. Small/Mid Cap
0.00
0.00
-4.28
-4.28
  Real Estate Related *
 
 
0.84
U.S.
0.84
0.00
0.00
0.84
Cash & Cash Equivalents
 
 
3.56
Other2
 
 
-20.32
Total Net Exposure Summary
100.00

1 Market exposure of derivative position utilized to adjust fund.

2 Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.

Top 10 Holdings

As of 8/31/17

Iboxx Usd Liquid High Yield Index Total Return Swap DEC 20 17
Aud Bond 10yr Future Sep 15 17
Ust Bond 2yr Future Dec 29 17
Euro Bund 10yr Future Sep 07 17
US Treasury Note 1.875% FEB 28 22
FTSE 100 Index Future SEP 15 17
S&P TSX 60 Index Future SEP 14 17*
Russell 2000 E-Mini Future SEP 15 17*
Jgb 10yr Future Sep 12 17*
Ust Bond 10yr Future Dec 19 17*

46.01% long and 29.32% short (*) positions of total net assets

Total number of holdings: 341

Full and Historical Holdings

Currency Weights %

As of 8/31/17

United States Dollar
95.11
Norwegian Krone
5.61
Japanese Yen
4.23
Canadian Dollar
3.09
Swedish Krona
2.29
British Pound Sterling
1.10
Australian Dollar
0.96
Hong Kong Dollar
0.03
Singapore Dollar
0.03
Turkish Lira
0.01
Brazilian Real
0.01
Mexican Peso
0.00
South Korean Won*
-0.06
South African Rand*
-0.07
Euro*
-2.66
New Zealand Dollar*
-3.64
Swiss Franc*
-6.04

Important Characteristics Information

Portfolio characteristic data are based on unaudited net assets.

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

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.


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