MFS® Absolute Return Fund

Top 10 Holdings

As of 3/31/16

Aud Bond 10Yr Future JUN 15 16
IBOXX USD Liquid High Yield Index Total Return SWAP
Iboxx USD Liquid High Yield Index Total Return Swap 0.000 SEP 20 16
Iboxx USD Liquid High Yield Index Total Reurn Swap 0.000 JAN 01 00
Canadian Bond 10Yr Future JUN 21 16
S&P 500 E-Mini Future JUN 17 16*
TOPIX Index Future JUN 09 16*
UST Bond 10Yr Future JUN 21 16*
Euro Bund 10Yr Future JUN 08 16*
JGB 10Yr Future JUN 13 16*

26.68% long and 31.92% short (*) positions of total net assets

Total number of holdings: 403

Full and Historical Holdings

Currency Weights %

As of 3/31/16

United States Dollar
93.86
Norwegian Krone
7.25
Japanese Yen
6.83
Canadian Dollar
3.51
Australian Dollar
2.44
Brazilian Real
0.65
Turkish Lira
0.34
Hong Kong Dollar
0.11
Mexican Peso
0.02
South Korean Won
0.00
Singapore Dollar*
-0.00
South African Rand*
-0.00
Swedish Krona*
-0.92
Euro*
-2.62
New Zealand Dollar*
-2.98
Swiss Franc*
-3.21
British Pound Sterling*
-5.29

Fund Positions %

As of 3/31/16

 
Actively Managed
Overlay Impact1
Net Exposure
  Fixed Income
 
Total
96.76
U.S.
57.52
9.49
67.02
Asia/Pacific ex-Japan
3.17
8.55
11.72
Europe ex-U.K.
18.01
-7.78
10.24
North America ex-U.S.
3.57
3.69
7.26
United Kingdom
4.56
0.17
4.74
Emerging Markets
2.41
0.00
2.41
Supranational
1.19
0.00
1.19
Japan
3.44
-11.25
-7.81
  Equity
 
Total
4.76
Emerging Markets
0.00
5.74
5.74
Asia/Pacific ex-Japan
0.00
4.71
4.71
Europe ex-U.K.
0.00
3.49
3.49
United Kingdom
0.00
3.16
3.16
North America ex-U.S.
0.00
-1.49
-1.49
U.S. Small/Mid Cap
0.00
-2.90
-2.90
U.S. Large Cap
0.00
-3.94
-3.94
Japan
0.00
-4.01
-4.01
  Real Estate Related
 
Total
0.96
U.S.
0.96
0.00
0.96
Cash & Cash Equivalents
 
4.92
Other2
 
-7.39
Total Net Exposure Summary
101.84
-1.84
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.