BUILD WITH PRECISION Pursue your risk and return goals Presenter name Title Firm MFS Fund Distributors, Inc., Boston, MA Keep in mind that all investments carry a certain amount of risk including the possible loss of the principal amount invested. Past performance is no guarantee of future results. No forecasts can be guaranteed. It is not possible to invest directly in an index. MFS Fund Distributors, Inc. may have sponsored this seminar by paying for all or a portion of the associated costs. Such sponsorship may create a conflict of interest to the extent that the broker dealer's financial advisor considers the sponsorship when rendering advice to customers.

SURVEYS REVEAL INVESTORS IN NEED The % of investors that indicate their need for professional financial advice has increased in the past 12 months. 1 –29% (up from 24% in September 2012) –Gen Y 70% –Gen X54 –Boomers20 –Silent Source: MFS, through Research Collaborative, an independent research firm, sponsored an online survey from September 1-9, 2015, of 936 individual US investors with $100,000 or more in household investable (nonretirement) assets. All investor respondents make or share in making financial decisions for their households. MFS was not identified as the sponsor of the survey. Segments were defined as follows: Gen Y (age <36), Gen X (age 36-50), Boomers (age 51-69), and GI/Silent (age 70+) MFSP-AA1-Pres 2

TWO COMMON, COSTLY MISTAKES Loss aversion MFSP-AA1-Pres 3

TWO COMMON, COSTLY MISTAKES Regret aversion MFSP-AA1-Pres

TAKE A DISCIPLINED 3-STEP APPROACH ADR No investment strategy, including ADR, can guarantee a profit or protect against a loss. 1. Allocate 2. Diversify 3. Rebalance MFSP-AA1-Pres

Only 6.4% of the variability of performance was driven by security selection and timing of investment. FIRST, ALLOCATE 93.6% of the variability of performance was driven by an asset allocation policy. Source: Study by Gary P. Brinson, L. Randolph Hood, and Gilbert L. Beebower, “Determinants of Portfolio Performance,” Financial Analysts Journal, January/February The study analyzed data from 91 large corporate pension plans with assets of at least $100 million over a 10-year period beginning in 1974 and concluded that asset allocation policy explained, on average, 93.6% of the variation in total plan return. MFSP-AA1-Pres

NEXT, DIVERSIFY International stocks: investing in foreign and/or emerging market securities involves interest rate, currency exchange rate, economic, and political risks. These risks are magnified in emerging or developing markets as compared with domestic markets. Small-/mid-cap stocks: Investing in small and/or mid- sized companies involves more risk than that customarily associated with investing in more- established companies. Bonds: Bonds, if held to maturity, provide a fixed rate of return and a fixed principal value. Bond funds will fluctuate and, when redeemed, may be worth more or less than their original cost. The historical performance of each index cited is provided to illustrate market trends; it does not represent the performance of a particular MFS® investment product. It is not possible to invest directly in an index. Index performance does not take into account fees and expenses. Past performance is no guarantee of future results. The investments you choose should correspond to your financial needs, goals, and risk tolerance. For assistance in determining your financial situation, consult an investment professional. For more information on any MFS fund, including performance, please visit mfs.com. MFSP-AA1-Pres 7 1 Citigroup 3-month T-bill Index is derived from secondary market Treasury bill rates published by the Federal Reserve Bank. 2 Barclays U.S. Aggregate Bond Index measures the US bond market. 3 JPMorgan Global Government Bond Index (Unhedged) measures government bond markets around the world. 4 Russell 1000 Value Index measures large-cap US value stocks. 5 Bloomberg Commodity Index is composed of futures contracts on physical commodities. 6 MSCI EAFE Index measures the non-US stock market. 7 Russell 1000 Growth Index measures large-cap US growth stocks. 8 Russell 2500 Index measures small- and mid-cap US stocks. 9 FTSE NAREIT All REITs Total Return Index tracks the performance of commercial real estate across the US economy. It is not possible to invest directly in an index.

AND REBALANCE WHEN NECESSARY Source: Time periods above, reflecting a strong stock market and a strong bond market, respectively, are based on performance of the following indices: Stocks are represented by the Standard & Poor’s 500 Stock Index, which measures the broad U.S. stock market. Bonds are represented by the Barclays U.S. Aggregate Bond Index. Index performance does not reflect the deduction of any investment-related fees and expenses. It is not possible to invest directly in an index. MFSP-AA1-Pres 8

TALE OF THREE INVESTORS For purposes of this comparison, we have divided the overall market into the following eight indices — the Barclays U.S. Aggregate Bond Index, the MSCI EAFE Index, the Russell 1000 Growth Index, the Russell 1000 Value Index, the Russell 2500 Index, the FTSE NAREIT ALL REITs Total Return Index, the JPMorgan Global Government Bond Index (unhedged), and the Bloomberg Commodity Index. Index performance does not reflect the deduction of any investment-related fees and expenses. It is not possible to invest directly in an index. Hypothetical examples are for illustrative purposes only and are not intended to represent the future performance of any MFS product. The use of a systematic investing program does not guarantee a profit or protect against a loss in declining markets. You should consider your financial ability to continue to invest through periods of low prices. Past performance is not guarantee of future results. INVESTOR #1 — Each year she invested in the previous year’s best-performing market segment. Each hypothetical investor followed a different strategy for investing $1,000 each year over a 25-year period ($25,000 total from 1/1/91 through 12/31/15) $67,996 Chased Performance MFSP-AA1-Pres 9

TALE OF THREE INVESTORS For purposes of this comparison, we have divided the overall market into the following eight indices — the Barclays U.S. Aggregate Bond Index, the MSCI EAFE Index, the Russell 1000 Growth Index, the Russell 1000 Value Index, the Russell 2500 Index, the FTSE NAREIT ALL REITs Total Return Index, the JPMorgan Global Government Bond Index (unhedged), and the Bloomberg Commodity Index. Index performance does not reflect the deduction of any investment-related fees and expenses. It is not possible to invest directly in an index. Hypothetical examples are for illustrative purposes only and are not intended to represent the future performance of any MFS product. The use of a systematic investing program does not guarantee a profit or protect against a loss in declining markets. You should consider your financial ability to continue to invest through periods of low prices. Past performance is not guarantee of future results. INVESTOR #1 — Each year she invested in the previous year’s best-performing market segment. Each hypothetical investor followed a different strategy for investing $1,000 each year over a 25-year period ($25,000 total from 1/1/91 through 12/31/15) INVESTOR #2 — Each year she invested in the previous year’s worst-performing market segment, hoping for a rebound the next year. $49,203 Went for the rebound Chased Performance $67,996 MFSP-AA1-Pres 10

TALE OF THREE INVESTORS INVESTOR #1 — Each year she invested in the previous year’s best-performing market segment. Each hypothetical investor followed a different strategy for investing $1,000 each year over a 25-year period ($25,000 total from 1/1/91 through 12/31/15) INVESTOR #2 — Each year she invested in the previous year’s worst-performing market segment, hoping for a rebound the next year. INVESTOR #3 — She remained equally invested in eight different asset classes each year. She also rebalanced her portfolio’s assets each quarter so that they stayed equally distributed among the asset classes. *Results do not reflect 1990 comparison to Bloomberg Commodity Index, as this index was unavailable before Hypothetical examples are for illustrative purposes only and are not intended to represent the future performance of any MFS product. For purposes of this comparison, we have divided the overall market into the following eight indices — the Barclays U.S. Aggregate Bond Index, the MSCI EAFE Index, the Russell 1000 Growth Index, the Russell 1000 Value Index, the Russell 2500 Index, the FTSE NAREIT All REITs Total Return Index, the JPMorgan Global Government Bond Index (unhedged), and the Bloomberg Commodity Index. Index performance does not reflect the deduction of any investment-related fees and expenses. It is not possible to invest directly in an index. The use of a systematic investing program does not guarantee a profit or protect against a loss in declining markets. You should consider your financial ability to continue to invest through periods of low prices. Past performance is no guarantee of future results. Practiced ADR* $70,381 Chased Performance $67,996 MFSP-AA1-Pres 11 $49,203 Went for the rebound

INVESTOR QUESTIONNAIRE: DETERMINE YOUR RISK/RETURN PROFILE MFSP-AA1-Pres 12

BUILD WITH PRECISION Pursue your risk and return goals Thank you