MFS® Absolute Return Fund

Top 10 Holdings

As of 3/31/15

UST Bond 10YR Future JUN 19 15
GB Govt Bond 10YR Future JUN 26 15
DAX Index Future JUN 19 15
Hang Seng Index Future APR 29 15
Russell 2000 E-Mini Future JUN 19 15*
Aud Bond 10Yr Future Jun 15 15*
Canadian Bond 10YR Future JUN 19 15*
S&P 500 E-Mini Future JUN 19 15*
JGB 10Yr Future JUN 11 15*
Euro Bund 10Yr Future JUN 08 15*

30.04% long and 38.32% short (*) positions of total net assets

Total number of holdings: 441

Full and Historical Holdings

Currency Weights %

As of 3/31/15

United States Dollar
104.40
Norwegian Krone
5.02
Japanese Yen
4.90
Australian Dollar
2.11
New Zealand Dollar
0.89
Hong Kong Dollar
0.17
Brazilian Real
0.02
South Korean Won
0.02
Singapore Dollar
0.00
Mexican Peso*
-0.00
South African Rand*
-0.00
Turkish Lira*
-0.27
Canadian Dollar*
-1.29
Swedish Krona*
-2.29
Euro*
-4.32
British Pound Sterling*
-4.40
Swiss Franc*
-4.96

Fund Positions %

As of 3/31/15

 
Actively Managed
Overlay Impact1
Net Exposure
 Fixed Income
 
Total
87.44
U.S.
56.64
16.39
73.03
United Kingdom
4.70
6.53
11.23
Europe ex-U.K.
18.81
-14.25
4.55
Emerging Markets
2.24
0.00
2.24
Supranational
0.85
0.00
0.85
Asia/Pacific ex-Japan
4.19
-4.17
0.03
North America ex-U.S.
3.95
-4.54
-0.59
Japan
2.58
-6.48
-3.90
 Equity
 
Total
8.65
Emerging Markets
0.00
8.18
8.18
Europe ex-U.K.
0.00
7.32
7.32
Asia/Pacific ex-Japan
0.00
1.36
1.36
Japan
0.00
-0.06
-0.06
North America ex-U.S.
0.00
-0.52
-0.52
United Kingdom
0.00
-1.10
-1.10
U.S. Large Cap
0.00
-2.98
-2.98
U.S. Small/Mid Cap
0.00
-3.54
-3.54
 Real Estate Related
 
Total
1.19
U.S.
1.19
0.00
1.19
 Cash
 
Total
2.71
Cash & Equivalents
5.03
-0.23
4.80
Derivative Cash Equivalents 2
0.00
-2.09
-2.09
Total Net Exposure Summary
100.19
-0.19
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.