MFS® Absolute Return Fund

Top 10 Holdings

As of 3/31/17

UST Bond 2Yr Future Jun 30 17
Aud Bond 10Yr Future JUN 15 17
Iboxx Usd Liquid High Yield Index Etrs JUN 20 17
Euro Bund 10Yr Future JUN 08 17
US Treasury Note 1.875% FEB 28 22
FTSE 100 Index Future JUN 16 17
S&P 500 E-Mini Future JUN 16 17*
Canadian Bond 10Yr Future JUN 21 17*
JGB 10Yr Future JUN 13 17*
GB Govt Bond 10Yr Future JUN 28 17*

55.37% long and 28.96% short (*) positions of total net assets

Total number of holdings: 371

Full and Historical Holdings

Currency Weights %

As of 3/31/17

United States Dollar
95.49
Japanese Yen
5.46
Norwegian Krone
5.41
Canadian Dollar
3.58
Australian Dollar
3.01
British Pound Sterling
0.83
Mexican Peso
0.06
South Korean Won
0.02
Turkish Lira
0.01
Singapore Dollar
0.01
Hong Kong Dollar*
-0.05
South African Rand*
-0.05
Brazilian Real*
-0.07
New Zealand Dollar*
-1.99
Swedish Krona*
-3.14
Euro*
-3.57
Swiss Franc*
-5.02

Fund Positioning %

As of 3/31/17

 
Active Security Selection
Derivative Overlay Positions1
Long Short*

Net Exposure
  Fixed Income *
 
 
119.15
U.S.
77.17
11.06
0.00
88.23
Europe ex-U.K.
15.39
7.12
0.00
22.50
Asia/Pacific ex-Japan
3.01
12.79
0.00
15.81
Emerging Markets
2.49
0.00
0.00
2.49
Supranational
1.11
0.00
0.00
1.11
North America ex-U.S.
5.59
0.00
-6.25
-0.66
Japan
3.32
0.00
-7.97
-4.65
United Kingdom
4.07
0.00
-9.75
-5.68
  Equity *
 
 
2.67
Europe ex-U.K.
0.00
13.85
-3.73
10.12
United Kingdom
0.00
4.84
0.00
4.84
Emerging Markets
0.00
10.89
-6.63
4.26
Asia/Pacific ex-Japan
0.00
3.97
-4.34
-0.37
Japan
0.00
0.00
-3.14
-3.14
U.S. Small/Mid Cap
0.00
0.00
-3.66
-3.66
North America ex-U.S.
0.00
0.00
-4.39
-4.39
U.S. Large Cap
0.00
0.00
-4.99
-4.99
  Real Estate Related *
 
 
0.84
U.S.
0.84
0.00
0.00
0.84
Cash & Cash Equivalents
 
 
1.62
Other2
 
 
-24.28
Total Net Exposure Summary
99.12
101.41
-100.53
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.

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.