MFS® Absolute Return Fund

Top 10 Holdings

As of 8/31/16

UST Bond 10Yr Future DEC 20 16
US Treasury Note 0.875% MAR 31 18
IBOXX USD Liquid High Yield Index Total Return SWAP
Iboxx USD Liquid High Yield Index Total Return Swap 0.000 SEP 20 16
FTSE 100 Index Future SEP 16 16
IBOXX USD Liquid High Yield Index Etrs JUN 20 17
S&P 500 E-Mini Future SEP 16 16*
Euro Bund 10Yr Future SEP 08 16*
GB Govt Bond 10Yr Future DEC 28 16*
Canadian Bond 10Yr Future DEC 19 16*

38.00% long and 29.11% short (*) positions of total net assets

Total number of holdings: 389

Full and Historical Holdings

Currency Weights %

As of 8/31/16

United States Dollar
95.10
Norwegian Krone
6.53
Japanese Yen
3.89
Australian Dollar
3.72
Euro
0.85
New Zealand Dollar
0.67
South Korean Won
0.04
Mexican Peso
0.04
Hong Kong Dollar
0.03
South African Rand
0.03
Turkish Lira*
-0.01
Singapore Dollar*
-0.02
Brazilian Real*
-0.08
British Pound Sterling*
-0.82
Canadian Dollar*
-1.82
Swedish Krona*
-3.36
Swiss Franc*
-4.79

Fund Positions %

As of 8/31/16

 
Actively Managed
Overlay Impact1
Net Exposure
  Fixed Income
 
Total
98.76
U.S.
64.72
26.95
91.66
Europe ex-U.K.
15.87
-3.17
12.70
Japan
3.29
0.69
3.98
Emerging Markets
2.37
0.00
2.37
Supranational
1.07
0.00
1.07
Developed - Middle East/Africa
0.25
0.00
0.25
Asia/Pacific ex-Japan
3.04
-3.35
-0.31
United Kingdom
4.10
-9.47
-5.37
North America ex-U.S.
3.42
-11.01
-7.60
  Real Estate Related
 
Total
0.80
U.S.
0.80
0.00
0.80
  Equity
 
Total
-0.24
United Kingdom
0.00
4.89
4.89
Emerging Markets
0.00
2.40
2.40
Asia/Pacific ex-Japan
0.00
0.84
0.84
North America ex-U.S.
0.00
0.18
0.18
Europe ex-U.K.
0.00
-0.32
-0.32
U.S. Small/Mid Cap
0.00
-0.68
-0.68
Japan
0.00
-3.37
-3.37
U.S. Large Cap
0.00
-4.17
-4.17
Cash & Cash Equivalents
 
-0.61
Other2
 
1.29
Total Net Exposure Summary
99.71
0.29
100.00

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.

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.