MFS® Absolute Return Fund

Top 10 Holdings

As of 12/31/15

Aud Bond 10Yr Future MAR 15 16
FTSE MIB Index Future MAR 18 16
OMXS30 Index Future JAN 15 16
IBEX Index Future JAN 15 16
Russell 2000 E-Mini Future MAR 18 16*
S&P TSX 60 Index Future MAR 17 16*
Aust SPI 200 Future MAR 17 16*
Canadian Bond 10Yr Future MAR 21 16*
S&P 500 E-Mini Future MAR 18 16*
JGB 10Yr Future MAR 14 16*

15.62% long and 29.94% short (*) positions of total net assets

Total number of holdings: 406

Full and Historical Holdings

Currency Weights %

As of 12/31/15

United States Dollar
101.48
Norwegian Krone
6.58
Japanese Yen
4.55
Australian Dollar
2.45
Swedish Krona
1.23
Canadian Dollar
0.79
Mexican Peso
0.03
South Korean Won
0.00
South African Rand*
-0.00
Singapore Dollar*
-0.00
Hong Kong Dollar*
-0.08
Turkish Lira*
-0.09
Brazilian Real*
-0.13
New Zealand Dollar*
-0.64
Euro*
-2.92
Swiss Franc*
-6.38
British Pound Sterling*
-6.86

Fund Positions %

As of 12/31/15

 
Actively Managed
Overlay Impact1
Net Exposure
  Fixed Income
 
Total
93.52
U.S.
57.39
0.19
57.58
Europe ex-U.K.
18.90
2.22
21.12
Asia/Pacific ex-Japan
3.75
4.36
8.11
United Kingdom
4.68
2.91
7.58
Emerging Markets
2.60
0.00
2.60
Supranational
1.19
0.00
1.19
North America ex-U.S.
4.23
-4.65
-0.43
Japan
3.15
-7.39
-4.24
  Equity
 
Total
2.70
Europe ex-U.K.
0.00
16.39
16.39
Emerging Markets
0.00
7.17
7.17
Japan
0.00
-1.92
-1.92
United Kingdom
0.00
-2.27
-2.27
Asia/Pacific ex-Japan
0.00
-3.19
-3.19
U.S. Small/Mid Cap
0.00
-3.37
-3.37
North America ex-U.S.
0.00
-4.10
-4.10
U.S. Large Cap
0.00
-6.01
-6.01
  Real Estate Related
 
Total
1.22
U.S.
1.22
0.00
1.22
Cash & Cash Equivalents
 
3.00
Other2
 
-0.44
Total Net Exposure Summary
103.34
-3.34
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.