MFS® Absolute Return Fund

Top 10 Holdings

As of 7/31/15

UST Bond 10Yr Future SEP 21 15
Aud Bond 10Yr Future SEP 15 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*

26.09% long and 34.53% short (*) positions of total net assets

Total number of holdings: 440

Full and Historical Holdings

Currency Weights %

As of 7/31/15

United States Dollar
100.02
Norwegian Krone
5.44
Japanese Yen
3.23
Australian Dollar
0.60
Euro
0.59
Canadian Dollar
0.58
Singapore Dollar
0.02
Turkish Lira
0.00
South Korean Won*
-0.00
Mexican Peso*
-0.00
Brazilian Real*
-0.02
Swedish Krona*
-0.03
South African Rand*
-0.04
Hong Kong Dollar*
-0.04
New Zealand Dollar*
-2.82
Swiss Franc*
-3.53
British Pound Sterling*
-4.00

Fund Positions %

As of 7/31/15

 
Actively Managed
Overlay Impact1
Net Exposure
 Fixed Income
 
Total
90.53
U.S.
55.61
9.45
65.06
Europe ex-U.K.
20.13
-5.68
14.45
Asia/Pacific ex-Japan
4.11
6.39
10.50
United Kingdom
5.22
2.10
7.32
Emerging Markets
2.74
0.00
2.74
Supranational
1.16
0.00
1.16
North America ex-U.S.
3.48
-4.34
-0.86
Japan
2.69
-12.53
-9.84
 Equity
 
Total
4.92
Europe ex-U.K.
0.00
11.70
11.70
Emerging Markets
0.00
8.20
8.20
Japan
0.00
1.47
1.47
United Kingdom
0.00
-1.24
-1.24
North America ex-U.S.
0.00
-2.55
-2.55
U.S. Small/Mid Cap
0.00
-2.78
-2.78
Asia/Pacific ex-Japan
0.00
-3.00
-3.00
U.S. Large Cap
0.00
-6.89
-6.89
 Real Estate Related
 
Total
1.19
U.S.
1.19
0.00
1.19
 Cash
 
Total
3.37
Cash & Equivalents
2.44
-1.25
1.19
Derivative Cash Equivalents 2
2.41
-0.23
2.18
Total Net Exposure Summary
101.17
-1.17
100.00

1Represents the Fund's exposure to various markets using derivative instruments.

2Represents the offsetting component of the Fund's derivative transactions

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.