STRIKING A BALANCE How balanced funds may help investors to stay the course toward achieving their long-term goals Name Title Firm The views expressed in this presentation are those of the speaker and are subject to change at any time. These views should not be relied upon as investment advice, as securities recommendations, or as an indication of trading intent on behalf of any MFS investment product. Past performance is no guarantee of future results. No forecasts can be guaranteed. 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. Before investing, consider the fund's investment objectives, risks, charges, and expenses. For a prospectus, or summary prospectus, containing this and other information, contact your investment professional or view online at mfs.com. Please read it carefully. NOT FDIC INSURED  MAY LOSE VALUE  NO BANK GUARANTEE MFS Fund Distributors, Inc.

INVESTORS UNSUCCESSFUL AT TIMING STOCK MARKET SHIFTS Time period Market environment S&P 500 cumulative return Equity fund flows last 12 months of each period 1/00 – 2/03Falling-40.15%-$65 billion 3/03 – 9/07Rising97.21%+$105 billion 10/07 – 2/09Falling-50.17%-$190 billion 3/09 – 12/15Rising221.46%-$77 billion Source: SPAR, FactSet Research Systems, Inc., ICI/Strategic Insight The S&P 500 Index measures the broad U.S. stock market. Past performance is no guarantee of future results. It is not possible to invest in an Index. 2

AVERAGE ROLLING 12-MONTH REDEMPTION RATES Five years ended Dec The average redemption rate is the average of five years of rolling 12-month redemption totals expressed as a percentage of the average AUM for that same period and includes both redemption and exchange figures from the ICI Trends report. U.S. equity comprises data from both the Total Return and Capital Appreciation ICI investment Categories. Source: Investment Company Institute (ICI)

4 STOCKS VS. BONDS OVER THE PAST 40 YEARS Outperformance  Stocks: 29 times by an average of 12.68%  Bonds: 11 times by an average of 16.02% Stocks are represented by the S&P 500 Stock Index, which measures the broad US stock market. Bonds are represented by the Barclays U.S. Aggregate Bond Index, which measures the US bond market. 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.. Index performance does not take into account fees and expenses. Past performance is no guarantee of future results. For more information on any MFS product, including performance, please visit mfs.com. It is not possible to invest directly in an index. Source: SPAR, FactSet Research Systems, Inc. As of 12/31/15

The 60/40 mix which is rebalanced quarterly is 60% stocks represented by the S&P 500 Stock Index and 40% bonds represented by the Barclays U.S. Aggregate Bond Index. Standard & Poor's 500 Stock Index measures the broad U.S. stock market. Barclays U.S. Aggregate Bond Index measures the U.S. bond market. 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. Source: SPAR, FactSet, Research Systems, Inc. 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. For more information on any MFS product, including performance, please visit mfs.com. 5 BRIDGING THE PERFORMANCE GAP Calendar-year performance differential relative to a quarterly rebalanced 60% stock/40% bond portfolio S&P 500 Barclays US Aggregate 60/40 Balanced Portfolio

6 HOW BAD WAS IT? NOT AS BAD WITH A BALANCED APPROACH Negative Return Loss more than 5% Loss more than 10% Loss more than 25% Source: MFS research. Start of period coincides with inception of Barclays U.S. Aggregate Bond Index. Standard & Poor's 500 Stock Index measures the broad U.S. stock market. Barclays U.S. Aggregate Bond Index measures the U.S. bond market. 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. For assistance in determining your financial situation, consult an investment professional. For more information on any MFS product, including performance, please visit mfs.com.

7 RISK/RETURN PROFILE FOR STOCKS, BONDS AND 60/40 MIX Source: SPAR, FactSet Research Systems, Inc. Start of period coincides with inception of Barclays U.S. Aggregate Bond Index. Standard & Poor's 500 Stock Index measures the broad U.S. stock market. Barclays U.S. Aggregate Bond Index measures the U.S. bond market. It is not possible to invest directly in an index. 60% S&P/40% Barclays Aggregate mix is rebalanced quarterly. Standard deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 months. The larger the portfolio's standard deviation, the greater the portfolio's volatility. Past performance is no guarantee of future results.

Keep in mind that all investments, including mutual funds, carry a certain amount of risk including the possible loss of the principal amount invested. Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical, and other conditions. Investments in debt instruments may decline in value as the result 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 Fund's share price may decline during rising rate environments as the underlying debt instruments in the portfolio adjust to the rise in rates. Funds 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. No investment strategy, including diversification, can guarantee a profit or protect against a loss. Always refer to a fund’s prospectus for a more complete discussion of risks. 8 IMPORTANT RISK CONSIDERATIONS

Thank you 9 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.