MFS® Absolute Return Fund

Top 10 Holdings

As of 4/30/15

GB Govt Bond 10YR Future JUN 26 15
UST Bond 10YR Future JUN 19 15
DAX Index Future JUN 19 15
CAC 40 Index Future MAY 15 15
Hang Seng Index Future MAY 28 15
Russell 2000 E-Mini Future JUN 19 15*
Aust SPI 200 Future JUN 18 15*
JGB 10Yr Future JUN 11 15*
S&P 500 E-Mini Future JUN 19 15*
Euro Bund 10Yr Future JUN 08 15*

27.16% long and 42.36% short (*) positions of total net assets

Total number of holdings: 441

Full and Historical Holdings

Currency Weights %

As of 4/30/15

United States Dollar
103.54
Norwegian Krone
3.86
Australian Dollar
3.75
Japanese Yen
3.39
Canadian Dollar
1.72
New Zealand Dollar
0.54
Brazilian Real
0.06
Mexican Peso
0.03
South Korean Won
0.03
Hong Kong Dollar
0.01
Singapore Dollar*
-0.00
Turkish Lira*
-0.04
South African Rand*
-0.11
Euro*
-2.68
Swedish Krona*
-3.58
Swiss Franc*
-5.16
British Pound Sterling*
-5.35

Fund Positions %

As of 4/30/15

 
Actively Managed
Overlay Impact1
Net Exposure
 Fixed Income
 
Total
86.00
U.S.
57.10
7.67
64.77
United Kingdom
4.66
8.51
13.17
North America ex-U.S.
3.70
3.14
6.84
Asia/Pacific ex-Japan
4.15
-0.05
4.10
Emerging Markets
2.35
0.00
2.35
Supranational
1.15
0.00
1.15
Europe ex-U.K.
18.54
-20.43
-1.89
Japan
2.55
-7.04
-4.50
 Equity
 
Total
6.49
Europe ex-U.K.
0.00
11.40
11.40
Emerging Markets
0.00
8.25
8.25
Japan
0.00
1.45
1.45
Asia/Pacific ex-Japan
0.00
-0.13
-0.13
United Kingdom
0.00
-2.07
-2.07
North America ex-U.S.
0.00
-2.09
-2.09
U.S. Small/Mid Cap
0.00
-3.40
-3.40
U.S. Large Cap
0.00
-6.93
-6.93
 Real Estate Related
 
Total
1.18
U.S.
1.18
0.00
1.18
 Cash
 
Total
6.33
Cash & Equivalents
4.13
0.45
4.59
Derivative Cash Equivalents 2
0.00
1.74
1.74
Total Net Exposure Summary
99.52
0.48
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.