INVESTMENT OBJECTIVE
Seeks total return
INVESTMENT FOCUS
Diversification across equity markets through three established MFS strategies
Investment team will manage the strategy's net exposure to equity markets based on their collective view of risk and reward
The fund may use derivatives to manage typical and atypical downside market moves
Fund Information
- Fund Commencement 06/27/2014
- Net Assets ($ M) As of 01/31/25 $33.28
- Fiscal Year End MAY
-
Benchmark
The BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months.ICE BofA 0-3 Month U.S. Treasury Bill Index
Share Class Information
- Class Inception 06/27/2014
- Net Asset Value (NAV) As of 02/10/25 $12.12
- Most Recent NAV Change As of 02/10/25 $0.00 | 0.00%
- Fund Number 1260
- Maximum Sales Charge 4%
-
Gross Expense Ratio
2.54%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
2.18%
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 09/30/25
MANAGERS
Effective September 30, 2024, William Adams will no longer manage the portfolio.
Fund Positioning (%)
| Active Security Selection | Derivative Overlay Positions 1,4 | Net Exposure | |
|---|---|---|---|
| 40.78 | |||
| Strategic Allocation | |||
| MFS International Equity Fund | 30.95 | ||
| MFS Value Fund | 30.32 | ||
| MFS Growth Fund | 30.29 | ||
| Market Exposure Overlay | |||
| Russell 1000 Value Index Future MAR 21 25* | -13.50 | ||
| Mini MSCI EAFE Index Future MAR 21 25* | -14.24 | ||
| Russell 1000 Growth Index Future MAR 21 25* | -23.04 | ||
| -1.35 | |||
| Standard & Poors Index Option PUT(s) | -1.35 | ||
| Standard & Poors Index Option JUN 20 25 P4900 | -0.36 | ||
| Standard & Poors Index Option SEP 19 25 P4600 | -0.46 | ||
| Standard & Poors Index Option MAR 21 25 P5450 | -0.53 | ||
| Net Equivalent Equity Exposure | 91.56 | -52.13 | 39.43 |
| Other Market Exposure(s)* | 2.95 | ||
| Cash | 5.37 | ||
| Other | 52.25 | ||
| Total Net Exposure Summary | 100.00 | ||
Market exposure of derivative position utilized to adjust fund.
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.
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.
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.
Strategy: The fund's strategy to reduce its exposure to the equity and/or currency markets represented by the underlying funds and to potentially expose the fund to asset classes and/or markets in which the underlying funds have little or no exposure may not produce the intended results. In addition, the strategies MFS may implement to limit the fund's exposure to certain extreme market events may not work as intended, and the costs associated with such strategies will reduce the fund's returns. It is expected that the fund will generally underperform the equity markets during periods of strong, rising equity markets.
Underlying Funds: MFS' strategy of investing in underlying funds exposes the fund to the risks of the underlying funds. Each underlying fund pursues its own objective and strategies and may not achieve its objective. In addition, shareholders of the fund will indirectly bear the fees and expenses of the underlying funds.
Please see the prospectus for further information on these and other risk considerations.
Robert M. Almeida Jr. is an investment officer and global investment strategist for MFS Investment Management® (MFS®), offering insight and perspective on cyclical and secular trends impacting investors. He also serves as a member of the portfolio management teams for multiasset income and alternative strategies. Rob joined MFS in 1999 and served as an institutional portfolio manager for the Fixed Income Department from 2007 through 2009. He joined the US Growth Equity team in 2009 and became a portfolio manager in 2014. He added additional portfolio management responsibilities in 2018 and assumed his current strategist title in 2019. Rob is a graduate of the University of Massachusetts and earned his Master of Science degree in finance from Sawyer Business School.
David Cole, CFA
Portfolio Manager
David P. Cole, CFA, is an investment officer of MFS Investment Management® (MFS®). He is also a co-portfolio manager of the firm's high-yield portfolios.
David joined MFS in 2004 after working for five years as a high-yield analyst for Franklin Templeton Investments. Before that, he served as a financial economist/Treasury market analyst for Thomson Financial Services and an economist for Standard and Poor's.
David has a bachelor's degree from Cornell University and an MBA from University of California, Berkeley. He holds the Chartered Financial Analyst (CFA) designation.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.
Performance
Average Annual Total Returns (%)
Important Performance Information
Sales Charges
Class B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. The elimination of the charge begins six years after the end of the month in which shares were initially purchased.
Annual Rate of Return (%)
As of 12/31/24 | Benchmark: ICE BofA 0-3 Month U.S. Treasury Bill Index| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 0.30 | -1.97 | 5.69 | 1.00 | 7.70 | 2.02 | 0.36 | -3.13 | 4.34 | 5.39 |
| With Sales Charge | -3.69 | -5.79 | 1.69 | -3.00 | 3.70 | -1.98 | -3.64 | -7.01 | 0.34 | 1.39 |
| ICE BofA 0-3 Month U.S. Treasury Bill Index | 0.02 | 0.25 | 0.82 | 1.83 | 2.21 | 0.54 | 0.05 | 1.53 | 5.10 | 5.30 |
| At NAV | With Sales Charge | ICE BofA 0-3 Month U.S. Treasury Bill Index | |
|---|---|---|---|
| 2024 | 5.39 | 1.39 | 5.3 |
| 2023 | 4.34 | 0.34 | 5.1 |
| 2022 | -3.13 | -7.01 | 1.53 |
| 2021 | 0.36 | -3.64 | 0.05 |
| 2020 | 2.02 | -1.98 | 0.54 |
| 2019 | 7.7 | 3.7 | 2.21 |
| 2018 | 1.0 | -3.0 | 1.83 |
| 2017 | 5.69 | 1.69 | 0.82 |
| 2016 | -1.97 | -5.79 | 0.25 |
| 2015 | 0.3 | -3.69 | 0.02 |
Pricing History
- NAV at Close of Trading on: 02/10/25
- Net Asset Value (NAV): $12.12
- Change ($) (since 02/07/25 ): 0.00
- Change (%) (since 02/07/25 ): 0.00
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
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)
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 02/11/25
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/24/24 | 12/26/24 | 12/27/24 | Dividend | 0.00813 | 11.93 |
-
Overview
INVESTMENT OBJECTIVE
Seeks total return
INVESTMENT FOCUS
Diversification across equity markets through three established MFS strategies
Investment team will manage the strategy's net exposure to equity markets based on their collective view of risk and reward
The fund may use derivatives to manage typical and atypical downside market moves
Fund Information
- Fund Commencement 06/27/2014
- Net Assets ($ M) As of 01/31/25 $33.28
- Fiscal Year End MAY
-
Benchmark
The BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months.ICE BofA 0-3 Month U.S. Treasury Bill Index
Share Class Information
- Class Inception 06/27/2014
- Net Asset Value (NAV) As of 02/10/25 $12.12
- Most Recent NAV Change As of 02/10/25 $0.00 | 0.00%
- Fund Number 1260
- Maximum Sales Charge 4%
-
Gross Expense Ratio
2.54%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
2.18%
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 09/30/25
MANAGERS
Effective September 30, 2024, William Adams will no longer manage the portfolio.
Fund Positioning (%)
As of 01/31/25Active Security Selection Derivative Overlay Positions 1,4 Net Exposure 40.78 Strategic Allocation MFS International Equity Fund 30.95 MFS Value Fund 30.32 MFS Growth Fund 30.29 Market Exposure Overlay Russell 1000 Value Index Future MAR 21 25* -13.50 Mini MSCI EAFE Index Future MAR 21 25* -14.24 Russell 1000 Growth Index Future MAR 21 25* -23.04 -1.35 Standard & Poors Index Option PUT(s) -1.35 Standard & Poors Index Option JUN 20 25 P4900 -0.36 Standard & Poors Index Option SEP 19 25 P4600 -0.46 Standard & Poors Index Option MAR 21 25 P5450 -0.53 Net Equivalent Equity Exposure 91.56 -52.13 39.43 Other Market Exposure(s)* 2.95 Cash 5.37 Other 52.25 Total Net Exposure Summary 100.00 1Market exposure of derivative position utilized to adjust fund.
4Positions with negative signs will rise with falling markets. Losses on long put options are limited to the premium paid.*Short positions, unlike long positions, lose value if the underlying asset gains value.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.
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.
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.
Strategy: The fund's strategy to reduce its exposure to the equity and/or currency markets represented by the underlying funds and to potentially expose the fund to asset classes and/or markets in which the underlying funds have little or no exposure may not produce the intended results. In addition, the strategies MFS may implement to limit the fund's exposure to certain extreme market events may not work as intended, and the costs associated with such strategies will reduce the fund's returns. It is expected that the fund will generally underperform the equity markets during periods of strong, rising equity markets.
Underlying Funds: MFS' strategy of investing in underlying funds exposes the fund to the risks of the underlying funds. Each underlying fund pursues its own objective and strategies and may not achieve its objective. In addition, shareholders of the fund will indirectly bear the fees and expenses of the underlying funds.
Please see the prospectus for further information on these and other risk considerations.
Robert M. Almeida Jr. is an investment officer and global investment strategist for MFS Investment Management® (MFS®), offering insight and perspective on cyclical and secular trends impacting investors. He also serves as a member of the portfolio management teams for multiasset income and alternative strategies. Rob joined MFS in 1999 and served as an institutional portfolio manager for the Fixed Income Department from 2007 through 2009. He joined the US Growth Equity team in 2009 and became a portfolio manager in 2014. He added additional portfolio management responsibilities in 2018 and assumed his current strategist title in 2019. Rob is a graduate of the University of Massachusetts and earned his Master of Science degree in finance from Sawyer Business School.
David Cole, CFA
Portfolio Manager
31YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIODavid P. Cole, CFA, is an investment officer of MFS Investment Management® (MFS®). He is also a co-portfolio manager of the firm's high-yield portfolios.
David joined MFS in 2004 after working for five years as a high-yield analyst for Franklin Templeton Investments. Before that, he served as a financial economist/Treasury market analyst for Thomson Financial Services and an economist for Standard and Poor's.
David has a bachelor's degree from Cornell University and an MBA from University of California, Berkeley. He holds the Chartered Financial Analyst (CFA) designation.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management. -
Performance
Performance
Average Annual Total ReturnsAverage 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 02/10/25 , 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.Important Performance Information
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 B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. The elimination of the charge begins six years after the end of the month in which shares were initially purchased.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24 | Benchmark: ICE BofA 0-3 Month U.S. Treasury Bill Indexannual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 0.30 -1.97 5.69 1.00 7.70 2.02 0.36 -3.13 4.34 5.39 With Sales Charge -3.69 -5.79 1.69 -3.00 3.70 -1.98 -3.64 -7.01 0.34 1.39 ICE BofA 0-3 Month U.S. Treasury Bill Index 0.02 0.25 0.82 1.83 2.21 0.54 0.05 1.53 5.10 5.30 At NAV With Sales Charge ICE BofA 0-3 Month U.S. Treasury Bill Index 2024 5.39 1.39 5.3 2023 4.34 0.34 5.1 2022 -3.13 -7.01 1.53 2021 0.36 -3.64 0.05 2020 2.02 -1.98 0.54 2019 7.7 3.7 2.21 2018 1.0 -3.0 1.83 2017 5.69 1.69 0.82 2016 -1.97 -5.79 0.25 2015 0.3 -3.69 0.02 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 02/10/25
- Net Asset Value (NAV): $12.12
- Change ($) (since 02/07/25 ): 0.00
- Change (%) (since 02/07/25 ): 0.00
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
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 02/11/25
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/24/24 12/26/24 12/27/24 Dividend 0.00813 11.93 Past performance is no guarantee of future results. Please consult your tax advisor for further information.