6 9

Diversified Income Fund

DISCLOSURES

Effective after the close of business on September 29, 2023, Class R1 and R2 shares of applicable MFS funds will be closed to purchases from new eligible investors.

DIFDX
$ 12.20
$0.00 As of 02/06/25
$2.0B
As of 12/31/24

Diversified Income Fund

DIFDX
$0.00 As of 02/06/25
As of 12/31/24
DIFDX
$ 12.2
$0.00 As of 02/06/25
$2.0B
As of 12/31/24
  • Overview

    INVESTMENT OBJECTIVE

    Seeks total return with an emphasis on current income, but also considering capital appreciation.

    INVESTMENT FOCUS

    Combines broad diversification across multiple income-oriented asset classes, active asset allocation, and bottom-up security selection

    Invests primarily in debt securities (corporate and government issues), equities, and real estate related securities

    Uses a flexible, but disciplined approach to active asset allocation

    Fund Information

    • Fund Commencement 05/26/2006
    • Net Assets ($ M) As of 12/31/24 $2014.75
    • Fiscal Year End FEBRUARY
    • Benchmark

      Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
      Standard & Poor's 500 Stock Index

    Share Class Information

    • Class Inception 07/01/2008
    • Net Asset Value (NAV) As of 02/06/25 $12.20
    • Most Recent NAV Change As of 02/06/25 $0.00 | 0.00%
    • Fund Number 4039
    • Maximum Sales Charge --
    • Gross Expense Ratio

      Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
      1.7%
    • Net Expense Ratio

      Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.


      These reductions will continue until at least 06/30/25
      1.64%

    Class R1 shares are available to eligible investors.

    MANAGERS

    Robert Almeida
    Robert Almeida

    Lead Portfolio Manager

    7 YEARS WITH PORTFOLIO

    VIEW FULL PROFILE
    Neeraj Arora, CFA
    Neeraj Arora, CFA

    Portfolio Manager

    5 YEARS WITH PORTFOLIO

    David Cole, CFA
    David Cole, CFA

    Portfolio Manager

    12 YEARS WITH PORTFOLIO

    Rick Gable, CFA
    Rick Gable, CFA

    Portfolio Manager

    19 YEARS WITH PORTFOLIO

    Alexander Mackey, CFA
    Alexander Mackey, CFA

    Portfolio Manager

    4 YEARS WITH PORTFOLIO

    VIEW FULL PROFILE
    Jay Mitchell, CFA
    Jay Mitchell, CFA

    Portfolio Manager

    2 YEARS WITH PORTFOLIO

    Jonathan Sage, CFA
    Jonathan Sage, CFA

    Portfolio Manager

    19 YEARS WITH PORTFOLIO

    Geoffrey Schechter, CFA, CPA
    Geoffrey Schechter, CFA, CPA

    Portfolio Manager

    19 YEARS WITH PORTFOLIO

    Michael Skatrud, CFA
    Michael Skatrud, CFA

    Portfolio Manager

    7 YEARS WITH PORTFOLIO

    Jake Stone, CFA
    Jake Stone, CFA

    Portfolio Manager

    2 YEARS WITH PORTFOLIO

    Effective September 30, 2025, Geoff Schechter will retire from MFS and relinquish his portfolio management responsibilities.

    Portfolio Structure (%)

    As of 12/31/24
    • High Yield Corporates
      21.93
    • U.S. Equities
      20.26
    • Investment Grade Corporates
      15.28
    • Emerging Markets Debt
      15.25
    • U.S. Treasuries
      9.70
    • Non-U.S. Equities
      9.00
    • Mortgage Backed
      8.92
    • Cash & Cash Equivalents
      1.47
    • Residential Mtg Backed
      0.50
    • Commercial Mtg Backed
      0.47
    • Non-U.S. Sovereigns
      0.41
    • Asset Backed
      0.41
    • Collateralized Loan Obligations
      0.36
    • U.S. Convertibles
      0.27
    • Municipals
      0.18
    • U.S. Govt Agencies
      0.03
    • Other1
      -4.43
    The portfolio is actively managed, and current holdings may be different.

    U.S. Equities includes REITs. Please see the most recent fact sheet for the REITs percentage.

    1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.

    Important Risk Considerations

    The fund may not achieve its objective and/or you could lose money on your investment in the fund.

    Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.

    Bond: Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore, the portfolio's value may decline during rising rates. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

    Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.

    International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.

    Derivatives: Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

    Small-cap: Investments in small-cap companies can be more volatile than investments in larger companies.

    High Yield: Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

    Real Estate: Real estate-related investments can be volatile because of general, regional, and local economic conditions, fluctuations in interest rates and property tax rates; shifts in zoning laws, environmental regulation and other governmental actions; increased operation expenses; lack of availability of mortgage funds; losses due to natural disasters; changes in property values and rental rates; overbuilding; losses due to casualty or condemnation, cash flows; the management skill and creditworthiness of the REIT manager, and other factors.

    Please see the prospectus for further information on these and other risk considerations.

  • Performance

    Performance

    Collapse Expand
    Average Annual Total Returns

    Average Annual Total Returns (%)

    These results represent the percent change in net asset value.
    Monthly | Quarterly As of 12/31/24 (*YTD Updated Daily, As of 02/05/25 , subject to revision and not annualized.)
      Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
      MORNINGSTAR RATING
      Morningstar Overall Rating As of 12/31/24 Class R1 Shares

      Morningstar Moderately Conservative Allocation

      Morningstar ratings are based on risk adjusted performance.
      Morningstar View Overall Morningstar Ratings Information
      OVERALL
      Out Of Funds
      NA
      OVERALL MORNINGSTAR RATING
      Morningstar Overall Rating As of 12/31/24 Class R1 Shares

      Morningstar Moderately Conservative Allocation

      Morningstar ratings are based on risk adjusted performance.
      NA
      THREE YEAR
      Out Of Funds
      NA
      FIVE YEAR
      Out Of Funds
      NA
      TEN YEAR
      Out Of Funds
      NA

      Important Performance Information

      Performance information prior to June 15, 2021 reflects time periods when the fund did not have an investment strategy of allocating a portion of its assets to investment grade quality debt instruments. The fund's investment strategies changed effective June 15, 2021.

      Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.

      Sales Charges

      Class R1 shares have no initial sales charge or CDSC and carry a 1.00% annual Rule 12b-1 fee. Shares are available to eligible investors.

      Annual Rate of Return

      Annual Rate of Return (%)

      As of 12/31/24 | Benchmark: Standard & Poor's 500 Stock Index
      annual rate of return table
      2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
      At NAV -2.92 7.70 7.84 -4.34 16.44 1.38 8.50 -13.62 8.42 4.27
      Standard & Poor's 500 Stock Index 1.38 11.96 21.83 -4.38 31.49 18.40 28.71 -18.11 26.29 25.02
      At NAV Standard & Poor's 500 Stock Index
      2024 4.27 25.02
      2023 8.42 26.29
      2022 -13.62 -18.11
      2021 8.5 28.71
      2020 1.38 18.4
      2019 16.44 31.49
      2018 -4.34 -4.38
      2017 7.84 21.83
      2016 7.7 11.96
      2015 -2.92 1.38
      Pricing & Distributions

      Pricing History

      • NAV at Close of Trading on:  02/06/25
      • Net Asset Value (NAV):  $12.20
      • Change ($) (since 02/05/25 ):  0.00
      • Change (%) (since 02/05/25 ):  0.00
      • Market Price (MP): 
      Maximum data displayed is for the most recent 10 years
      Historical NAV Lookup
      Enter date for which you wish to obtain a Historical NAV for this fund

      Historical NAV may not be available for all dates.

      Historical MP Lookup
      Enter date for which you wish to obtain a Historical MP for this fund

      Historical MP may not be available for all dates.

      Historical Exit Price Table
      NAV at Close of Trading on Net Asset Value (NAV)
      No Data Available

      Distribution Rates (%)

      The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day.

      As of 12/31/24

      Charges Distribution Rate
      Not Including Sales Charges 4.45

      30-Day SEC Yield (%)
      The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.

      As of 12/31/24

      Wavier Yield Value
      Without Waiver 3.46
      With Waiver 3.52

      Distributions
      The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.

      The Payable Date is the date on which the distribution is paid to shareholders.

      Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.

      Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.

      Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.

      Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)

      Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)

      Updated Daily As of 02/06/25

      Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$)
      01/31/25 01/31/25 02/03/25 Dividend 0.04240 12.15
      12/31/24 12/31/24 12/31/24 Dividend 0.04476 12.06
      11/29/24 11/29/24 12/02/24 Dividend 0.04470 12.44
      10/31/24 10/31/24 11/01/24 Dividend 0.04205 12.32
      09/30/24 09/30/24 10/01/24 Dividend 0.04014 12.64
      08/30/24 08/30/24 09/03/24 Dividend 0.03830 12.51
      07/31/24 07/31/24 08/01/24 Dividend 0.03644 12.28
      06/28/24 06/28/24 07/01/24 Dividend 0.03441 12.00
      05/31/24 05/31/24 06/03/24 Dividend 0.03263 11.96
      04/30/24 04/30/24 05/01/24 Dividend 0.02951 11.73
      03/28/24 03/28/24 04/01/24 Dividend 0.02857 12.09
      02/29/24 02/29/24 03/01/24 Dividend 0.02857 11.87
      Past performance is no guarantee of future results. Please consult your tax advisor for further information.
    • Portfolio & Holdings Information

      Portfolio & Holdings Information
      Portfolio characteristic data are based on unaudited net assets.

      The portfolio is actively managed, and current holdings may be different.

      • Select All
      • Largest Sector Weights
      • Holding Characterstics - EQ
      • Holding Characterstics - FI
      • Performance Statistics
      • Top 10 Holdings
      • Top 10 Equity Holdings
      • Top 10 Fixed Income Holdings
      • Type Of Holdings (%)
      • Sector Weights (%)
      • Portfolio Structure (%)
      • Credit Quality (%)
      • Region & Country
      Collapse Expand
      Sector, Holding & Characterstics

      Largest Sector Weights of Equity Assets

      As of 12/31/24

      The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

      Map represents sectors greater than 5%.

      Holding Characteristics
      Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. Coupons are netted for securities with a payable and receivable leg. Non-accruing securities are treated as having a coupon equal to zero.

      Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value.

      Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds.

      Weighted average yield-to-worst of all portfolio holdings excluding cash & derivatives. Yield-to-worst is the annual estimate of the portfolio yield considering factors such as call provisions, prepayments, and other features that may affect a bond's cash flow; and assumes no default. It is an estimated characteristic at a point in time and is not a measure of portfolio performance.

      Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.

      Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.

      Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.

      Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.

      Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet. 

      Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.

      Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.

      Equity Fixed Income
      Holding Based Portfolio - Equity Level Data
      As of 12/31/24
      Data table of holding characteristics
      characterstics Equity Earning
      Weighted Average Price/Earnings (next 12 months) 15.53x
      Weighted Average Price/Cash Flow 11.07x
      Weighted Average Price/Sales 1.50x
      Weighted Average Price/Book 2.05x
      Weighted Average IBES Long Term EPS Growth 7.13%
      Weighted Average Market Cap $82.2b
      Weighted Median Market Cap $31.7b
      Number of Issues 137
      % in Stocks 29.52%
      % Cash & Cash Equivalents 1.47%
      % Other1 -4.43%
      % in Top Ten 22.89%
      Holding Based Portfolio - Fixed Income Level Data
      As of 12/31/24
      Data table of holding characteristics
      characteristics Fixed Earning
      Number of Issues 1572
      Number of Issuers 626
      Average Coupon 5.16
      Average Effective Duration 5.26 yrs
      Average Effective Maturity 7.83 yrs
      Yield To Worst 6.29%

      Performance Statistics

      Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.

      Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.

      Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.

      R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market.  Index portfolios will tend to have values very close to 100.  R squared is not a measure of performance.

      The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.

      Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.

      Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.

      Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.

      Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.

      Updated Monthly As of 12/31/24
      Benchmark
      Standard & Poor's 500 Stock Index
      Performance Statistics Table
      10 Yr. 5 Yr. 3 Yr.
      Alpha -2.95 -5.82 -5.58
      Beta 0.47 0.52 0.54
      R-squared 73.14 80.39 80.90
      Standard Deviation % 8.40 10.61 10.52
      Sharpe Ratio 0.16 -0.10 -0.45
      Tracking Error 9.26 9.89 9.17
      Information Ratio -1.09 -1.32 -1.06
      Treynor Ratio 2.79 -1.97 -8.76
      Downside Capture % 53.20 65.22 67.81
      Upside Capture % 39.69 42.19 44.99

      Top 10 Holdings

      As of 12/31/24
      • UST Bond 2Yr Future MAR 31 25
      • UST Bond 5Yr Future MAR 31 25
      • ProLogis REIT
      • Equinix Inc REIT
      • UMBS 30 Year 2.5
      • Digital Realty Trust Inc REIT
      • UMBS 30 Year 2.0
      • Mid-America Apartment Communities Inc REIT
      • Sun Communities Inc REIT
      • USD IRS 2Yr Payer 4.759 MAY 24 26*

      11.39% long and 0.75% short (*) positions
      Full and Historical Holdings

      22.79% of the total net assets are invested in the MFS High Yield Pooled Portfolio

      The portfolio is actively managed, and current holdings may be different.

      Top 10 Equity Holdings

      As of 12/31/24
      • ProLogis REIT
      • Equinix Inc REIT
      • Digital Realty Trust Inc REIT
      • Mid-America Apartment Communities Inc REIT
      • Sun Communities Inc REIT
      • Federal Realty Investment Trust REIT
      • Equity LifeStyle Properties Inc REIT
      • Ventas Inc REIT
      • AbbVie Inc
      • Kimco Realty Corp REIT

      Full and Historical Holdings

      22.79% of the total net assets are invested in the MFS High Yield Pooled Portfolio

      Top 10 Fixed Income Holdings

      As of 12/31/24
      • UST Bond 2Yr Future MAR 31 25
      • UST Bond 5Yr Future MAR 31 25
      • UMBS 30 Year 2.5
      • UMBS 30 Year 2.0
      • US Treasury Note 3.75% AUG 15 27
      • US Treasury Note 3.625% MAR 31 28
      • United States Treasury Bond T 2 1/4 AUG 15 27
      • US Treasury Note 2.375% MAY 15 29
      • UMBS 30 Year 3.0
      • USD IRS 2Yr Payer 4.759 MAY 24 26*

      Full and Historical Holdings

      22.79% of the total net assets are invested in the MFS High Yield Pooled Portfolio

      Type Of Holdings (%)

      As of 12/31/24

      Sector Weights (%)

      As of 12/31/24
      •  % of Equity Assets
      • Real Estate
        39.23
      • Consumer Staples
        11.20
      • Financials
        10.73
      • Health Care
        9.34
      • Consumer Discretionary
        5.14
      • Energy
        5.03
      • Industrials
        4.66
      • Information Technology
        4.46
      • Materials
        3.82
      • Communication Services
        3.38
      • Utilities
        3.01
      • Equity Warrants
        0.01

      The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

      Exposures

      Portfolio Structure (%)

      As of 12/31/24
      • High Yield Corporates
        21.93
      • U.S. Equities
        20.26
      • Investment Grade Corporates
        15.28
      • Emerging Markets Debt
        15.25
      • U.S. Treasuries
        9.70
      • Non-U.S. Equities
        9.00
      • Mortgage Backed
        8.92
      • Residential Mtg Backed
        0.50
      • Commercial Mtg Backed
        0.47
      • Non-U.S. Sovereigns
        0.41
      • Asset Backed
        0.41
      • Collateralized Loan Obligations
        0.36
      • U.S. Convertibles
        0.27
      • Municipals
        0.18
      • U.S. Govt Agencies
        0.03
      • Cash & Cash Equivalents
        1.47
      • Other1
        -4.43

      Credit Quality (%)

      For all securities other than those described below, ratings are assigned utilizing ratings from Moody’s, Fitch, and Standard & Poor’s and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. If none of the 4 rating agencies listed above rate the security, but the security is rated by the Kroll Bond Rating Agency (KBRA), then the KBRA rating is assigned. Other Not Rated includes other securities not rated by any rating agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change. The portfolio itself has not been rated by any rating agency. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/ issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moody’s, and Fitch respectively. The index rating methodology may differ.

      As of 12/31/24
      • % of Fixed Income Assets
      • U.S. Government
        7.40
      • Federal Agencies
        12.76
      • AAA
        2.38
      • AA
        2.78
      • A
        11.80
      • BBB
        16.22
      • BB
        21.44
      • B
        16.42
      • CCC
        6.15
      • CC
        0.27
      • C
        0.21
      • Other Not Rated
        2.17
      Region & Country

      Region & Country

      As of 12/31/24
      Region & Country Table
      Region & Country % Equity Assets
      North America
      2 Countries
      71.64
      Europe ex-U.K.
      9 Countries
      10.05
      Emerging Markets
      8 Countries
      8.67
      United Kingdom
      1 Countries
      4.03
      Japan
      1 Countries
      3.31
      Asia/Pacific ex-Japan
      3 Countries
      2.30
      Cash & Cash Equivalents
      1 Countries
      0.00
      By Country Table
      By Country
      Important Characteristics Information
      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.

      1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
    • Fees

      Fees

      • 1.64 % Net Expense Ratio

        Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.


        These reductions will continue until at least 06/30/25
      • 1.70 % Gross Expense Ratio

        Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
      • - Maximum Sales Charge

        Class R1 shares have no initial sales charge or CDSC and carry a 1.00% annual Rule 12b-1 fee. Shares are available to eligible investors.
    • Resources

      Resources

      Collapse Expand
      Product Resources

      Fact Sheets are available approximately 15 days after quarter end.


      Full Holdings available approximately 19 or 24 days after month end.
      Prospectuses & SAIs
      Shareholder Reports

      Shareholder Reports

      Click here to access the following:
      • Semiannual Report
      • Annual Report
      • Financial and Other Information
      • First Quarter Holdings
      • Third Quarter Holdings
      Product Literature

      Product Literature

      2025 Dividend and Capital Gains Schedule
      As of Jan 07, 2025

      The Power of Active Management brochure
      As of Dec 31, 2024

      Collective expertise, long-term discipline and risk management

      Why a multi-asset approach could matter
      As of May 30, 2024

      Flyer describing potential benefits of multi-asset investing and highlighting several MFS Funds

      Barron's Box Flyer
      As of Mar 06, 2024

      Flyer showing MFS' annual rankings from Barron's since 2008

      Announcements

      Announcements

      2024 Capital Gain Estimates (Retail)
      As of Nov 08, 2024

      Portfolio Manager Updates – May 2024
      As of May 09, 2024

      Notice of personnel announcements on FI and Quant teams

      This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.

      The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available online here or by contacting MFS. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal. 

      MFS registered investment products are offered through MFS® Fund Distributors, Inc., Member SIPC, 111 Huntington Avenue, Boston, MA 02199.
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