UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-06102
MFS SERIES TRUST VI
(Exact name of registrant as specified in charter)
111 Huntington Avenue, Boston, Massachusetts 02199
(Address of principal executive offices) (Zip code)
Christopher R. Bohane
Massachusetts Financial Services Company
111 Huntington Avenue
Boston, Massachusetts 02199
(Name and address of agents for service)
Registrant's telephone number, including area code:
(617) 954-5000
Date of fiscal year end:
October 31
Date of reporting period:
April 30, 2026
ITEM 1.  REPORTS TO STOCKHOLDERS.
Item 1(a):
MFSLOGO_RED.EPS

MFS® Utilities Fund

TSR_Ribbon_red

Class A-MMUFX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
A $52 0.99%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUA-SEM
MFSLOGO_RED.EPS

MFS® Utilities Fund

TSR_Ribbon_red

Class B-MMUBX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
B $90 1.74%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUB-SEM
MFSLOGO_RED.EPS

MFS® Utilities Fund

TSR_Ribbon_red

Class C-MMUCX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
C $90 1.74%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUC-SEM
MFSLOGO_RED.EPS

MFS® Utilities Fund

TSR_Ribbon_red

Class I-MMUIX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
I $39 0.74%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUI-SEM
MFSLOGO_RED.EPS

MFS® Utilities Fund

TSR_Ribbon_red

Class R1-MMUGX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R1 $90 1.74%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUR1-SEM
MFSLOGO_RED.EPS
MFS® Utilities Fund
TSR_Ribbon_red
Class R2-MURRX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R2 $64 1.24%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUR2-SEM
MFSLOGO_RED.EPS
MFS® Utilities Fund
TSR_Ribbon_red
Class R3-MMUHX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R3 $52 0.99%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUR3-SEM
MFSLOGO_RED.EPS
MFS® Utilities Fund
TSR_Ribbon_red
Class R4-MMUJX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R4 $39 0.74%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUR4-SEM
MFSLOGO_RED.EPS
MFS® Utilities Fund
TSR_Ribbon_red
Class R6-MMUKX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Utilities Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R6 $34 0.65%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 2,817,509,483 Portfolio Turnover Rate (%): 6
Total Number of Holdings: 36
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.2%
Money Market Funds 0.8%
Top ten holdings
NextEra Energy, Inc. 13.3%
Constellation Energy 7.0%
PG&E Corp. 5.6%
Xcel Energy, Inc. 5.4%
Sempra 4.9%
American Electric Power Co., Inc. 4.9%
DTE Energy Co. 4.1%
Ameren Corp. 3.8%
Dominion Energy, Inc. 3.8%
Southern Co. 3.7%
Industry allocation
Utilities 98.1%
Energy - Renewables 1.9%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MMUR6-SEM
MFSLOGO_RED.EPS

MFS® Global Equity Fund

TSR_Ribbon_red

Class A-MWEFX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
A $58 1.16%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGEA-SEM
MFSLOGO_RED.EPS

MFS® Global Equity Fund

TSR_Ribbon_red

Class B-MWEBX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
B $95 1.91%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGEB-SEM
MFSLOGO_RED.EPS

MFS® Global Equity Fund

TSR_Ribbon_red

Class C-MWECX

Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
C $95 1.91%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGEC-SEM
MFSLOGO_RED.EPS
MFS® Global Equity Fund
TSR_Ribbon_red
Class I-MWEIX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
I $45 0.91%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGEI-SEM
MFSLOGO_RED.EPS
MFS® Global Equity Fund
TSR_Ribbon_red
Class R1-MWEGX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R1 $95 1.91%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGER1-SEM
MFSLOGO_RED.EPS
MFS® Global Equity Fund
TSR_Ribbon_red
Class R2-MEQRX
Semiannual Shareholder Report

This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1-800-225-2606 or by sending an e-mail request to orderliterature@mfs.com.

FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R2 $70 1.41%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)

Portfolio structure
Equities 99.0%
Money Market Funds 1.0%

Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%

Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGER2-SEM
MFSLOGO_RED.EPS
MFS® Global Equity Fund
TSR_Ribbon_red
Class R3-MWEHX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R3 $58 1.16%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGER3-SEM
MFSLOGO_RED.EPS
MFS® Global Equity Fund
TSR_Ribbon_red
Class R4-MWELX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R4 $45 0.91%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGER4-SEM
MFSLOGO_RED.EPS
MFS® Global Equity Fund
TSR_Ribbon_red
Class R6-MWEMX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Equity Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R6 $41 0.82%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,505,412,419 Portfolio Turnover Rate (%): 19
Total Number of Holdings: 81
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 99.0%
Money Market Funds 1.0%
Top ten holdings
Microsoft Corp. 4.5%
Amazon.com, Inc. 4.5%
Alphabet, Inc., "A" 4.5%
Visa, Inc., "A" 3.3%
Broadcom, Inc. 3.0%
NVIDIA Corp. 3.0%
Charles Schwab Corp. 2.5%
Schneider Electric SE 2.5%
Willis Towers Watson PLC 2.2%
Medtronic PLC 2.1%
Issuer country weightings
United States 57.9%
France 10.2%
United Kingdom 9.3%
Switzerland 4.4%
Germany 4.3%
Spain 3.0%
Japan 2.1%
Canada 1.6%
Taiwan 1.4%
Other Countries 5.8%
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
LGER6-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class A-MFWTX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
A $56 1.09%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTA-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class B-MFWBX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
B $95 1.84%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTB-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class C-MFWCX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
C $95 1.84%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTC-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class I-MFWIX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
I $43 0.84%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTI-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class R1-MFWGX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R1 $95 1.84%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTR1-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class R2-MGBRX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R2 $69 1.34%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTR2-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class R3-MFWHX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R3 $56 1.09%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTR3-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class R4-MFWJX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R4 $43 0.84%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTR4-SEM
MFSLOGO_RED.EPS
MFS® Global Total
Return Fund
TSR_Ribbon_red
Class R6-MFWLX
Semiannual Shareholder Report
This semiannual shareholder report contains important information about MFS Global Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the fund at funds.mfs.com. You can also request this information by contacting us at 1‑800‑225‑2606 or by sending an e-mail request to orderliterature@mfs.com.
FUND EXPENSES
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment (annualized)
R6 $39 0.76%
FUND STATISTICS AS OF 4/30/26
Net Assets ($): 1,242,566,076 Portfolio Turnover Rate (%): 33
Total Number of Holdings: 814
Where the fund holds derivatives, they are not included in the total number of portfolio holdings.
PORTFOLIO COMPOSITION (BASED ON TOTAL INVESTMENTS AS OF 4/30/26)
Portfolio structure
Equities 60.2%
Fixed Income 36.6%
Money Market Funds 3.2%
Equity sectors
Financials 13.5%
Health Care 8.6%
Consumer Staples 7.4%
Industrials 7.4%
Information Technology 5.9%
Energy 5.4%
Utilities 3.3%
Consumer Discretionary 3.1%
Communication Services 2.7%
Materials 2.6%
Real Estate 0.3%
Issuer country weightings
United States 47.7%
United Kingdom 9.5%
France 6.7%
Japan 5.9%
China 4.3%
Canada 3.5%
Switzerland 3.0%
Italy 3.0%
South Korea 2.5%
Other Countries 13.9%
Composition including fixed income credit quality
AAA 4.3%
AA 3.7%
A 11.1%
BBB 8.9%
D 0.0%
U.S. Government 3.6%
Federal Agencies 3.6%
Not Rated 1.4%
Non-Fixed Income 60.2%
Money Market Funds 3.2%
Ratings are assigned using Moody’s, Fitch, and Standard & Poor’s and applying a hierarchy: If all 3 agencies rate a security, the middle rating is assigned; if 2 agencies rate a security, the lower rating is assigned. If none of the 3 agencies rate a security, we use DBRS Morningstar. If none of the 4 agencies rate a security, we use Kroll Bond Rating Agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change.
MFS uses the Global Industry Classification Standard (GICS®) for sector/industry reporting. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
ADDITIONAL INFORMATION
You can find the fund’s summary prospectus, prospectus, most recent annual and semiannual reports, financial information, portfolio holdings, and statement of additional information online at funds.mfs.com. Proxy voting information is available without charge by calling 1‑800‑225‑2606, by visiting mfs.com/proxyvoting, or by visiting the SEC’s website at http://www.sec.gov.
MWTR6-SEM

Item 1(b):

Not applicable.


ITEM 2.  CODE OF ETHICS.

During the period covered by this report, the Registrant has not amended any provision in its Code of Ethics (the “Code”) that relates to an element of the Code’s definition enumerated in paragraph (b) of Item 2 of this Form N-CSR. During the period covered by this report, the Registrant did not grant a waiver, including an implicit waiver, from any provision of the Code.


ITEM 3.  AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable for semi-annual reports.


ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable for semi-annual reports.


ITEM 5.  AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to the Registrant.


ITEM 6.  INVESTMENTS

A schedule of investments for each series covered by this Form N-CSR is included in the financial statements of such series under Item 7 of this Form N-CSR.


MFS Global Equity Fund
ITEM 7.  FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
MFS Global Equity Fund
Portfolio of Investments − 4/30/26 (unaudited)
The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.
 
Issuer
 
 
Shares/Par
Value ($)
Common Stocks – 99.2%
Aerospace & Defense – 2.9%
Melrose Industries PLC
 
2,914,094
$19,354,030
MTU Aero Engines Holding AG
 
28,241
9,714,503
Rolls-Royce Holdings PLC
 
867,881
14,156,463
 
 
 
$43,224,996
Alcoholic Beverages – 3.9%
Carlsberg Group
 
66,123
$8,953,967
Davide Campari-Milano N.V. (l)
 
2,049,135
15,151,294
Diageo PLC
 
666,612
13,400,463
Pernod Ricard S.A.
 
283,187
20,885,655
 
 
 
$58,391,379
Apparel, Footwear, & Accessories – 2.9%
Burberry Group PLC (a)
 
485,721
$7,680,420
Compagnie Financiere Richemont S.A.
 
83,316
15,900,519
LVMH Moet Hennessy Louis Vuitton SE
 
37,718
19,982,453
 
 
 
$43,563,392
Auto & Auto Components – 0.6%
Aptiv PLC (a)
 
146,737
$8,842,372
Brokerage & Asset Managers – 3.0%
Charles Schwab Corp.
 
410,659
$37,632,791
Julius Baer Group Ltd.
 
86,505
7,158,941
 
 
 
$44,791,732
Business Services – 4.6%
Accenture PLC, “A”
 
89,347
$15,967,202
Equifax, Inc.
 
28,680
4,988,599
Experian PLC
 
483,469
17,652,141
Intertek Group PLC
 
145,259
9,437,545
TransUnion
 
295,834
21,004,214
 
 
 
$69,049,701
Chemicals – 5.1%
Air Liquide S.A.
 
56,786
$12,223,724
Air Products & Chemicals, Inc.
 
42,000
12,602,100
FUJIFILM Holdings Corp.
 
423,100
7,838,826
Linde PLC
 
47,239
23,673,352
Symrise AG
 
229,535
20,289,861
 
 
 
$76,627,863
Conglomerates – 1.6%
Honeywell International, Inc.
 
115,175
$24,685,458
LGEFS-SEM
1
MFS Global Equity Fund
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Common Stocks – continued
Construction – 1.9%
CRH PLC
 
130,953
$15,507,454
James Hardie Industries PLC (a)
 
652,348
13,692,785
 
 
 
$29,200,239
Consumer Products – 2.1%
Haleon PLC
 
3,414,552
$15,752,349
International Flavors & Fragrances, Inc.
 
215,324
15,115,745
 
 
 
$30,868,094
Diversified Financial Services – 5.3%
Deutsche Boerse AG
 
44,335
$13,612,035
London Stock Exchange Group PLC
 
133,739
17,379,601
Visa, Inc., “A”
 
149,911
49,446,644
 
 
 
$80,438,280
Electrical Equipment – 5.3%
Amphenol Corp., “A”
 
116,138
$17,103,643
Legrand S.A.
 
130,973
23,454,773
Schneider Electric SE
 
119,070
37,535,912
Versigent PLC (a)
 
49,433
1,728,672
 
 
 
$79,823,000
Energy - Independent – 0.5%
TotalEnergies SE
 
88,172
$8,205,172
Food & Drug Stores – 0.9%
Seven & I Holdings Co. Ltd.
 
1,134,600
$13,559,686
Global Systemically Important Banks – 3.4%
BNP Paribas S.A.
 
152,978
$16,100,163
Goldman Sachs Group, Inc.
 
7,236
6,684,400
UBS Group AG
 
650,270
28,972,410
 
 
 
$51,756,973
Hardware, Peripherals, & Assembly – 3.7%
Amadeus IT Group S.A.
 
341,548
$19,642,033
Arista Networks, Inc. (a)
 
132,242
22,839,516
Samsung Electronics Co. Ltd.
 
86,061
13,056,519
 
 
 
$55,538,068
Insurance – 3.5%
Aon PLC
 
47,719
$14,871,626
Beazley PLC
 
284,092
4,932,738
Willis Towers Watson PLC
 
129,304
33,127,685
 
 
 
$52,932,049
Interactive Media Services – 4.5%
Alphabet, Inc., “A”
 
174,249
$67,051,015
Machinery & Tools – 1.0%
Carrier Global Corp.
 
219,230
$14,725,679
2
MFS Global Equity Fund
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Common Stocks – continued
Medical Equipment – 10.1%
Abbott Laboratories
 
118,265
$10,737,279
Becton, Dickinson and Co.
 
174,911
26,068,735
Cooper Companies, Inc. (a)
 
240,820
15,147,578
Medtronic PLC
 
382,762
30,992,239
STERIS PLC
 
67,895
14,725,068
Thermo Fisher Scientific, Inc.
 
63,410
30,370,854
Waters Corp. (a)
 
76,560
23,674,649
 
 
 
$151,716,402
Natural Gas - Pipeline – 0.9%
DT Midstream, Inc.
 
86,503
$12,801,579
Non-Global Systemically Important Banks – 3.1%
American Express Co.
 
65,783
$21,251,198
Erste Group Bank AG
 
78,988
8,825,169
Grupo Financiero Banorte S.A. de C.V.
 
448,159
4,866,291
National Bank of Greece S.A.
 
776,196
12,354,501
 
 
 
$47,297,159
Pharmaceuticals & Biotechnology – 3.0%
Gilead Sciences, Inc.
 
93,790
$12,271,484
Merck KGaA
 
157,026
20,281,507
Roche Holding AG
 
32,563
13,332,075
 
 
 
$45,885,066
Retail & E-commerce – 4.5%
Amazon.com, Inc. (a)
 
255,357
$67,684,926
Semiconductor & Electronic Components – 8.6%
Broadcom, Inc.
 
109,217
$45,590,452
Hoya Corp.
 
53,800
10,072,043
Microchip Technology, Inc.
 
89,847
8,347,685
NVIDIA Corp.
 
226,348
45,172,271
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
 
52,522
20,801,863
 
 
 
$129,984,314
Software – 7.1%
Check Point Software Technologies Ltd. (a)
 
94,339
$10,610,308
Dassault Systemes SE
 
598,613
13,508,205
Microsoft Corp.
 
166,054
67,713,500
Sage Group PLC
 
1,310,587
15,706,770
 
 
 
$107,538,783
Telecom - Infrastructure – 1.0%
Cellnex Telecom S.A.
 
431,607
$14,519,598
Transportation & Logistics – 2.8%
Canadian Pacific Kansas City Ltd.
 
274,408
$23,862,520
Union Pacific Corp.
 
69,140
18,631,847
 
 
 
$42,494,367
3
MFS Global Equity Fund
Portfolio of Investments (unaudited) – continued
Issuer
 
 
Shares/Par
Value ($)
Common Stocks – continued
Travel, Gaming, & Lodging – 1.4%
Aena SME S.A.
 
416,302
$11,370,806
Marriott International, Inc., “A”
 
13,757
4,975,769
Whitbread PLC
 
140,749
4,296,467
 
 
 
$20,643,042
Total Common Stocks (Identified Cost, $918,475,892)
$1,493,840,384
Mutual Funds (h) – 0.3%
Money Market Funds – 0.3%
MFS Institutional Money Market Portfolio, 3.7% (v) (Identified Cost, $3,563,981)
 
 
3,563,625
$3,563,981
Collateral for Securities Loaned – 0.8%
JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.6% (j) (Identified Cost, $12,315,146)
 
 
12,315,146
$12,315,146
Other Assets, Less Liabilities – (0.3)%
(4,307,092)
Net Assets – 100.0%
$1,505,412,419
 
(a)
Non-income producing security.
(h)
An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under
common control. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $3,563,981 and
$1,506,155,530, respectively.
(j)
The rate quoted is the annualized seven-day yield of the fund at period end.
(l)
A portion of this security is on loan. See Note 2 for additional information.
(v)
Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the
annualized seven-day yield of the fund at period end.
 
The following abbreviations are used in this report and are defined:
ADR
American Depositary Receipt
See Notes to Financial Statements
4
MFS Global Equity Fund
Financial Statements | Statement of Assets and Liabilities
This statement represents your fund’s balance sheet, which details the assets and liabilities comprising the total value of the fund. 
At 4/30/26 (unaudited)
Assets
Investments in unaffiliated issuers, at value, including $11,975,110 of securities on loan (identified cost, $930,791,038)
$1,506,155,530
Investments in affiliated issuers, at value (identified cost, $3,563,981)
3,563,981
Foreign currency, at value (identified cost, $333,686)
333,695
Receivables for
Investments sold
7,786,814
Fund shares sold
339,345
Interest and dividends
7,500,756
Receivable from investment adviser
34,718
Other assets
52,212
Total assets
$1,525,767,051
Liabilities
Payable to custodian
$386
Payables for
Investments purchased
3,829,340
Fund shares reacquired
3,706,924
Collateral for securities loaned, at value
12,315,146
Payable to affiliates
Administrative services fee
1,165
Shareholder servicing costs
328,480
Distribution and service fees
9,113
Payable for independent Trustees' compensation
7,261
Accrued expenses and other liabilities
156,817
Total liabilities
$20,354,632
Net assets
$1,505,412,419
Net assets consist of
Paid-in capital
$597,006,036
Total distributable earnings (loss)
908,406,383
Net assets
$1,505,412,419
Shares of beneficial interest outstanding
37,098,741
 
 
Net assets
Shares
outstanding
Net asset value
per share (a)
Class A
$546,510,660
13,808,465
$39.58
Class B
558,461
16,653
33.54
Class C
17,843,577
584,975
30.50
Class I
377,504,885
9,073,080
41.61
Class R1
675,643
21,184
31.89
Class R2
11,677,515
310,610
37.60
Class R3
23,309,283
595,118
39.17
Class R4
18,649,265
467,488
39.89
Class R6
508,683,130
12,221,168
41.62
 
(a)
Maximum offering price per share was equal to the net asset value per share for all share classes, except for Class A, for which the maximum
offering price per share was $41.99 [100 / 94.25 x $39.58]. On sales of $50,000 or more, the maximum offering price of Class A shares is
reduced. A contingent deferred sales charge may be imposed on redemptions of Class A, Class B, and Class C shares. Redemption price per
share was equal to the net asset value per share for Classes I, R1, R2, R3, R4, and R6.
See Notes to Financial Statements
5
MFS Global Equity Fund
Financial Statements | Statement of Operations
This statement describes how much your fund earned in investment income and accrued in expenses. It also describes any gains and/or losses generated by fund operations. 
Six months ended 4/30/26 (unaudited)
Net investment income (loss)
 
Income
Dividends from unaffiliated issuers
$13,808,682
Dividends from affiliated issuers
101,514
Income on securities loaned
15,745
Other
403
Foreign taxes withheld
(607,237
)
Total investment income
$13,319,107
Expenses
Management fee
$7,287,385
Distribution and service fees
897,750
Shareholder servicing costs
640,574
Administrative services fee
119,494
Independent Trustees' compensation
19,061
Custodian fee
103,353
Shareholder communications
68,299
Audit and tax fees
40,803
Legal fees
5,364
Miscellaneous
131,611
Total expenses
$9,313,694
Fees paid indirectly
(24
)
Reduction of expenses by investment adviser and distributor
(731,644
)
Net expenses
$8,582,026
Net investment income (loss)
$4,737,081
Realized and unrealized gain (loss)
Realized gain (loss) (identified cost basis)
Unaffiliated issuers
$339,344,006
Affiliated issuers
(531
)
Foreign currency
(191,732
)
Net realized gain (loss)
$339,151,743
Change in unrealized appreciation or depreciation
Unaffiliated issuers
$(318,936,936
)
Affiliated issuers
(1
)
Translation of assets and liabilities in foreign currencies
155,207
Net unrealized gain (loss)
$(318,781,730
)
Net realized and unrealized gain (loss)
$20,370,013
Change in net assets from operations
$25,107,094
See Notes to Financial Statements
6
MFS Global Equity Fund
Financial Statements | Statements of Changes in Net Assets
These statements describe the increases and/or decreases in net assets resulting from operations, any distributions, and any shareholder transactions. 
 
Six months ended
Year ended
 

4/30/26
(unaudited)

10/31/25
Change in net assets
 
 
From operations
Net investment income (loss)
$4,737,081
$16,639,071
Net realized gain (loss)
339,151,743
354,865,569
Net unrealized gain (loss)
(318,781,730
)
(197,155,812
)
Change in net assets from operations
$25,107,094
$174,348,828
Total distributions to shareholders
$(329,021,607
)
$(269,877,842
)
Change in net assets from fund share transactions
$(288,236,187
)
$(254,299,820
)
Total change in net assets
$(592,150,700
)
$(349,828,834
)
Net assets
At beginning of period
2,097,563,119
2,447,391,953
At end of period
$1,505,412,419
$2,097,563,119
See Notes to Financial Statements
7
MFS Global Equity Fund
Financial Statements | Financial Highlights
The financial highlights table is intended to help you understand the fund's financial performance for the semiannual period and the past 5 fiscal years. Certain information reflects financial results for a single fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the fund share class (assuming reinvestment of all distributions) held for the entire period. 
Class A 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$47.54
$49.86
$43.94
$45.88
$60.75
$45.22
Income (loss) from investment operations
Net investment income (loss) (d)
$0.08
$0.26
$0.29
$0.38
$0.22
$0.17
Net realized and unrealized gain (loss)
0.58
3.17
9.66
1.75
(12.07
)
16.60
Total from investment operations
$0.66
$3.43
$9.95
$2.13
$(11.85
)
$16.77
Less distributions declared to shareholders
From net investment income
$(0.37
)
$(0.37
)
$(0.39
)
$(0.24
)
$(0.18
)
$(0.23
)
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.62
)
$(5.75
)
$(4.03
)
$(4.07
)
$(3.02
)
$(1.24
)
Net asset value, end of period (x)
$39.58
$47.54
$49.86
$43.94
$45.88
$60.75
Total return (%) (r)(s)(t)(x)
1.19
(n)
8.10
23.42
4.40
(20.50
)
37.58
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.25
(a)
1.21
1.18
1.22
1.16
1.14
Expenses after expense reductions (f)
1.16
(a)
1.17
1.16
1.21
1.15
1.13
Net investment income (loss)
0.38
(a)
0.57
0.59
0.81
0.42
0.29
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$546,511
$619,970
$677,559
$627,081
$649,695
$857,804
 
See Notes to Financial Statements
8
MFS Global Equity Fund
Financial Highlights - continued
Class B 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$41.34
$44.04
$39.14
$41.36
$55.28
$41.35
Income (loss) from investment operations
Net investment income (loss) (d)
$(0.08
)
$(0.07
)
$(0.07
)
$0.02
$(0.17
)
$(0.23
)
Net realized and unrealized gain (loss)
0.53
2.75
8.61
1.59
(10.91
)
15.17
Total from investment operations
$0.45
$2.68
$8.54
$1.61
$(11.08
)
$14.94
Less distributions declared to shareholders
From net investment income
$—
$—
$—
$—
$—
$—
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.25
)
$(5.38
)
$(3.64
)
$(3.83
)
$(2.84
)
$(1.01
)
Net asset value, end of period (x)
$33.54
$41.34
$44.04
$39.14
$41.36
$55.28
Total return (%) (r)(s)(t)(x)
0.83
(n)
7.28
22.54
3.58
(21.09
)
36.56
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
2.00
(a)
1.96
1.93
1.96
1.91
1.89
Expenses after expense reductions (f)
1.91
(a)
1.92
1.90
1.95
1.90
1.87
Net investment income (loss)
(0.46
)(a)
(0.18
)
(0.17
)
0.04
(0.36
)
(0.45
)
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$558
$1,385
$3,472
$5,106
$7,439
$15,166
 
Class C 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$38.42
$41.32
$36.94
$39.23
$52.58
$39.38
Income (loss) from investment operations
Net investment income (loss) (d)
$(0.06
)
$(0.08
)
$(0.06
)
$0.02
$(0.15
)
$(0.22
)
Net realized and unrealized gain (loss)
0.48
2.56
8.10
1.52
(10.36
)
14.43
Total from investment operations
$0.42
$2.48
$8.04
$1.54
$(10.51
)
$14.21
Less distributions declared to shareholders
From net investment income
$(0.09
)
$—
$(0.02
)
$—
$—
$—
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.34
)
$(5.38
)
$(3.66
)
$(3.83
)
$(2.84
)
$(1.01
)
Net asset value, end of period (x)
$30.50
$38.42
$41.32
$36.94
$39.23
$52.58
Total return (%) (r)(s)(t)(x)
0.80
(n)
7.27
22.53
3.60
(21.09
)
36.54
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
2.00
(a)
1.96
1.93
1.96
1.91
1.89
Expenses after expense reductions (f)
1.91
(a)
1.92
1.91
1.95
1.90
1.87
Net investment income (loss)
(0.38
)(a)
(0.20
)
(0.16
)
0.04
(0.35
)
(0.46
)
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$17,844
$22,505
$33,518
$48,233
$66,875
$112,939
 
See Notes to Financial Statements
9
MFS Global Equity Fund
Financial Highlights - continued
Class I 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$49.57
$51.76
$45.47
$47.36
$62.59
$46.55
Income (loss) from investment operations
Net investment income (loss) (d)
$0.14
$0.40
$0.42
$0.51
$0.36
$0.31
Net realized and unrealized gain (loss)
0.60
3.29
10.02
1.79
(12.45
)
17.08
Total from investment operations
$0.74
$3.69
$10.44
$2.30
$(12.09
)
$17.39
Less distributions declared to shareholders
From net investment income
$(0.45
)
$(0.50
)
$(0.51
)
$(0.36
)
$(0.30
)
$(0.34
)
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.70
)
$(5.88
)
$(4.15
)
$(4.19
)
$(3.14
)
$(1.35
)
Net asset value, end of period (x)
$41.61
$49.57
$51.76
$45.47
$47.36
$62.59
Total return (%) (r)(s)(t)(x)
1.32
(n)
8.35
23.76
4.64
(20.30
)
37.91
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
0.99
(a)
0.96
0.93
0.97
0.91
0.89
Expenses after expense reductions (f)
0.91
(a)
0.92
0.91
0.96
0.90
0.88
Net investment income (loss)
0.63
(a)
0.82
0.85
1.05
0.67
0.53
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$377,505
$689,936
$864,235
$825,333
$946,778
$1,245,750
 
Class R1 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$39.81
$42.68
$38.10
$40.35
$54.00
$40.41
Income (loss) from investment operations
Net investment income (loss) (d)
$(0.06
)
$(0.07
)
$(0.07
)
$0.01
$(0.17
)
$(0.23
)
Net realized and unrealized gain (loss)
0.49
2.65
8.36
1.57
(10.64
)
14.83
Total from investment operations
$0.43
$2.58
$8.29
$1.58
$(10.81
)
$14.60
Less distributions declared to shareholders
From net investment income
$(0.10
)
$(0.07
)
$(0.07
)
$—
$—
$—
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.35
)
$(5.45
)
$(3.71
)
$(3.83
)
$(2.84
)
$(1.01
)
Net asset value, end of period (x)
$31.89
$39.81
$42.68
$38.10
$40.35
$54.00
Total return (%) (r)(s)(t)(x)
0.80
(n)
7.29
22.50
3.60
(21.09
)
36.57
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
2.00
(a)
1.96
1.93
1.97
1.91
1.89
Expenses after expense reductions (f)
1.91
(a)
1.92
1.91
1.95
1.90
1.87
Net investment income (loss)
(0.36
)(a)
(0.18
)
(0.16
)
0.03
(0.36
)
(0.46
)
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$676
$754
$1,002
$953
$1,260
$2,081
 
See Notes to Financial Statements
10
MFS Global Equity Fund
Financial Highlights - continued
Class R2 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$45.52
$47.95
$42.37
$44.36
$58.85
$43.83
Income (loss) from investment operations
Net investment income (loss) (d)
$0.02
$0.15
$0.16
$0.25
$0.08
$0.02
Net realized and unrealized gain (loss)
0.57
3.03
9.31
1.70
(11.68
)
16.09
Total from investment operations
$0.59
$3.18
$9.47
$1.95
$(11.60
)
$16.11
Less distributions declared to shareholders
From net investment income
$(0.26
)
$(0.23
)
$(0.25
)
$(0.11
)
$(0.05
)
$(0.08
)
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.51
)
$(5.61
)
$(3.89
)
$(3.94
)
$(2.89
)
$(1.09
)
Net asset value, end of period (x)
$37.60
$45.52
$47.95
$42.37
$44.36
$58.85
Total return (%) (r)(s)(t)(x)
1.08
(n)
7.82
23.11
4.13
(20.70
)
37.22
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.50
(a)
1.46
1.43
1.47
1.41
1.39
Expenses after expense reductions (f)
1.41
(a)
1.42
1.41
1.45
1.40
1.38
Net investment income (loss)
0.11
(a)
0.33
0.35
0.56
0.16
0.04
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$11,678
$15,782
$19,951
$21,904
$24,652
$36,791
 
Class R3 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$47.12
$49.44
$43.58
$45.54
$60.32
$44.89
Income (loss) from investment operations
Net investment income (loss) (d)
$0.07
$0.26
$0.29
$0.36
$0.21
$0.16
Net realized and unrealized gain (loss)
0.58
3.14
9.59
1.75
(11.97
)
16.49
Total from investment operations
$0.65
$3.40
$9.88
$2.11
$(11.76
)
$16.65
Less distributions declared to shareholders
From net investment income
$(0.35
)
$(0.34
)
$(0.38
)
$(0.24
)
$(0.18
)
$(0.21
)
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.60
)
$(5.72
)
$(4.02
)
$(4.07
)
$(3.02
)
$(1.22
)
Net asset value, end of period (x)
$39.17
$47.12
$49.44
$43.58
$45.54
$60.32
Total return (%) (r)(s)(t)(x)
1.20
(n)
8.09
23.44
4.38
(20.50
)
37.60
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.25
(a)
1.21
1.18
1.21
1.16
1.14
Expenses after expense reductions (f)
1.16
(a)
1.17
1.16
1.20
1.15
1.13
Net investment income (loss)
0.37
(a)
0.56
0.60
0.76
0.41
0.29
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$23,309
$26,330
$38,371
$47,924
$66,160
$88,285
 
See Notes to Financial Statements
11
MFS Global Equity Fund
Financial Highlights - continued
Class R4 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$47.90
$50.21
$44.21
$46.16
$61.08
$45.44
Income (loss) from investment operations
Net investment income (loss) (d)
$0.12
$0.37
$0.41
$0.48
$0.35
$0.30
Net realized and unrealized gain (loss)
0.59
3.20
9.73
1.76
(12.13
)
16.69
Total from investment operations
$0.71
$3.57
$10.14
$2.24
$(11.78
)
$16.99
Less distributions declared to shareholders
From net investment income
$(0.47
)
$(0.50
)
$(0.50
)
$(0.36
)
$(0.30
)
$(0.34
)
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.72
)
$(5.88
)
$(4.14
)
$(4.19
)
$(3.14
)
$(1.35
)
Net asset value, end of period (x)
$39.89
$47.90
$50.21
$44.21
$46.16
$61.08
Total return (%) (r)(s)(t)(x)
1.30
(n)
8.36
23.75
4.64
(20.29
)
37.94
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.00
(a)
0.96
0.93
0.96
0.91
0.89
Expenses after expense reductions (f)
0.91
(a)
0.92
0.91
0.95
0.90
0.88
Net investment income (loss)
0.59
(a)
0.80
0.84
1.02
0.67
0.53
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$18,649
$25,354
$35,482
$37,594
$70,784
$95,164
 
Class R6 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$49.62
$51.82
$45.52
$47.42
$62.65
$46.58
Income (loss) from investment operations
Net investment income (loss) (d)
$0.15
$0.43
$0.47
$0.55
$0.39
$0.36
Net realized and unrealized gain (loss)
0.61
3.30
10.03
1.79
(12.43
)
17.11
Total from investment operations
$0.76
$3.73
$10.50
$2.34
$(12.04
)
$17.47
Less distributions declared to shareholders
From net investment income
$(0.51
)
$(0.55
)
$(0.56
)
$(0.41
)
$(0.35
)
$(0.39
)
From net realized gain
(8.25
)
(5.38
)
(3.64
)
(3.83
)
(2.84
)
(1.01
)
Total distributions declared to shareholders
$(8.76
)
$(5.93
)
$(4.20
)
$(4.24
)
$(3.19
)
$(1.40
)
Net asset value, end of period (x)
$41.62
$49.62
$51.82
$45.52
$47.42
$62.65
Total return (%) (r)(s)(t)(x)
1.37
(n)
8.44
23.87
4.73
(20.22
)
38.06
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
0.91
(a)
0.87
0.84
0.88
0.82
0.80
Expenses after expense reductions (f)
0.82
(a)
0.83
0.82
0.86
0.80
0.78
Net investment income (loss)
0.68
(a)
0.89
0.94
1.14
0.73
0.63
Portfolio turnover rate
19
(n)
17
18
8
8
10
Net assets at end of period (000 omitted)
$508,683
$695,546
$773,803
$704,044
$765,274
$1,363,474
 
See Notes to Financial Statements
12
MFS Global Equity Fund
Financial Highlights - continued
(a)
Annualized.
(d)
Per share data is based on average shares outstanding.
(f)
Ratios do not reflect reductions from fees paid indirectly, if applicable. See Note 2 in the Notes to Financial Statements for additional information.
(n)
Not annualized.
(r)
Certain expenses have been reduced without which performance would have been lower.
(s)
From time to time the fund may receive proceeds from litigation settlements, without which performance would be lower.
(t)
Total returns do not include any applicable sales charges.
(x)
The net asset values and total returns have been calculated on net assets which include adjustments made in accordance with U.S. generally accepted
accounting principles required at period end for financial reporting purposes.
See Notes to Financial Statements
13
MFS Global Equity Fund
Notes to Financial Statements (unaudited)
(1) Business and Organization
MFS Global Equity Fund (the fund) is a diversified series of MFS Series Trust VI (the trust). The trust is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company.
The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.
(2) Significant Accounting Policies
General — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. In the preparation of these financial statements, management has evaluated subsequent events occurring after the date of the fund’s Statement of Assets and Liabilities through the date that the financial statements were issued. The fund invests in foreign securities. Investments in foreign securities are vulnerable to the effects of changes in the relative values of the local currency and the U.S. dollar and to the effects of changes in each country’s market, economic, industrial, political, regulatory, geopolitical, environmental, public health, and other conditions.
Segment Reporting — An operating segment is defined in FASB Accounting Standards Codification Topic 280, Segment Reporting as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the entity’s chief operating decision maker (CODM) in making resource allocation decisions and assessing segment performance, and for which discrete financial information is available. The fund represents a single operating segment and the Chairman’s Committee of the fund's adviser acts as the segment’s CODM. The fund’s total returns, expense ratios, and changes in net assets which are used by the CODM to assess segment performance and to make resource allocation decisions to the segment are consistent with that presented within the fund’s financial statements.
Balance Sheet Offsetting — The fund's accounting policy with respect to balance sheet offsetting is that, absent an event of default by the counterparty or a termination of the agreement, the International Swaps and Derivatives Association (ISDA) Master Agreement, or similar agreement, does not result in an offset of reported amounts of financial assets and financial liabilities in the Statement of Assets and Liabilities across transactions between the fund and the applicable counterparty. The fund's right to setoff may be restricted or prohibited by the bankruptcy or insolvency laws of the particular jurisdiction to which a specific master netting agreement counterparty is subject. Balance sheet offsetting disclosures, to the extent applicable to the fund, have been included in the fund’s Significant Accounting Policies note under the captions for each of the fund’s in-scope financial instruments and transactions.
Investment Valuations — Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments to MFS as the fund's adviser, pursuant to the fund’s valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the “valuation designee” of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser’s fair valuation policy and procedures.
Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.
Under the fund’s valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser’s fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data.
14
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
An investment may also be valued at fair value if the adviser determines that the investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund’s net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund’s net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund’s foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund’s net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund’s net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.
Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. The following is a summary of the levels used as of April 30, 2026 in valuing the fund's assets and liabilities:
 
Financial Instruments
Level 1
Level 2
Level 3
Total
Equity Securities:
United States
$863,755,280
$—
$—
$863,755,280
France
86,609,192
65,286,865
—
151,896,057
United Kingdom
22,312,339
117,436,648
—
139,748,987
Switzerland
—
65,363,945
—
65,363,945
Germany
33,893,542
30,004,364
—
63,897,906
Spain
19,642,033
25,890,404
—
45,532,437
Japan
13,559,686
17,910,869
—
31,470,555
Canada
23,862,520
—
—
23,862,520
Taiwan
20,801,863
—
—
20,801,863
Other Countries
53,274,645
34,236,189
—
87,510,834
Investment Companies
15,879,127
—
—
15,879,127
Total
$1,153,590,227
$356,129,284
$—
$1,509,719,511
For further information regarding security characteristics, see the Portfolio of Investments.
Foreign Currency Translation — Purchases and sales of foreign investments, income, and expenses are converted into U.S. dollars based upon currency exchange rates prevailing on the respective dates of such transactions or on the reporting date for foreign denominated receivables and payables. Gains and losses attributable to foreign currency exchange rates on sales of securities are recorded for financial statement purposes as net realized gains and losses on investments. Gains and losses attributable to foreign exchange rate movements on receivables, payables, income and expenses are recorded for financial statement purposes as foreign currency transaction gains and losses. That portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.
Security Loans — Under its Securities Lending Agency Agreement with the fund, JPMorgan Chase and Co., as lending agent, loans the securities of the fund to certain qualified institutions (the “Borrowers”) approved by the fund. Security loans can be terminated at the discretion of either the lending agent or the fund and the related securities must be returned within the earlier of the standard trade settlement period for such securities or within three business days. The loans are collateralized by cash and/or U.S. Treasury and federal agency obligations in an amount typically at least equal to the market value of the securities loaned. On loans collateralized by cash, the cash collateral is invested in a money market fund. The market value of the loaned securities is determined at the close of business of the fund and any additional required collateral is delivered to the fund on the next business day. The lending agent provides the fund with indemnification against Borrower default. In the event of Borrower default, the lending agent will, for the benefit of the fund, either purchase securities identical to those loaned or, when such purchase is commercially impracticable, pay the fund the market value of the loaned securities. In return, the lending agent assumes the fund's rights to the related collateral. If the
15
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
collateral value is less than the cost to purchase identical securities, the lending agent is responsible for the shortfall, but only to the extent that such shortfall is not due to a decline in collateral value resulting from collateral reinvestment for which the fund bears the risk of loss. At period end, the fund had investment securities on loan, all of which were classified as equity securities in the fund's Portfolio of Investments, with a fair value of $11,975,110. The fair value of the fund's investment securities on loan and a related liability of $12,315,146 for the obligation to return cash collateral received on securities loaned are both presented gross in the Statement of Assets and Liabilities. The collateral on securities loaned exceeded the value of securities on loan at period end. The liability for cash collateral for securities loaned is carried at fair value, which is categorized as level 2 within the fair value hierarchy. A portion of the income generated upon investment of the collateral is remitted to the Borrowers, and the remainder is allocated between the fund and the lending agent. On loans collateralized by U.S. Treasury and/or federal agency obligations, a fee is received from the Borrower, and is allocated between the fund and the lending agent. Income from securities lending is separately reported in the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income.
Indemnifications — Under the fund's organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund enters into agreements with service providers that may contain indemnification clauses. The fund's maximum exposure under these agreements is unknown as this would involve future claims that may be made against the fund that have not yet occurred.
Investment Transactions and Income —  Dividends received in cash are recorded on the ex-dividend date. Certain dividends from foreign securities will be recorded when the fund is informed of the dividend if such information is obtained subsequent to the ex-dividend date. Dividend payments received in additional securities are recorded on the ex-dividend date in an amount equal to the value of the security on such date.
The fund may receive proceeds from litigation settlements. Any proceeds received from litigation involving portfolio holdings are reflected in the Statement of Operations in realized gain/loss if the security has been disposed of by the fund or in unrealized gain/loss if the security is still held by the fund. Any other proceeds from litigation not related to portfolio holdings are reflected as other income in the Statement of Operations.
Investment transactions are recorded on the trade date.  In determining the net gain or loss on securities sold, the cost of securities is determined on the identified cost basis.
Fees Paid Indirectly — The fund's custody fee may be reduced by a credit earned under an arrangement that measures the value of U.S. dollars deposited with the custodian by the fund. The amount of the credit, for the six months ended April 30, 2026, is shown as a reduction of total expenses in the Statement of Operations.
Tax Matters and Distributions — The fund intends to qualify as a regulated investment company, as defined under Subchapter M of the Internal Revenue Code, and to distribute all of its taxable income, including realized capital gains. As a result, no provision for federal income tax is required. The fund’s federal tax returns, when filed, will remain subject to examination by the Internal Revenue Service for generally a three year period. Management has analyzed the fund’s tax positions taken on federal and state tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability. Foreign taxes, if any, have been accrued by the fund in the accompanying financial statements in accordance with the applicable foreign tax law. Foreign income taxes may be withheld by certain countries in which the fund invests. Additionally, capital gains realized by the fund on securities issued in or by certain foreign countries may be subject to capital gains tax imposed by those countries.
Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles. Certain capital accounts in the financial statements are periodically adjusted for permanent differences in order to reflect their tax character. These adjustments have no impact on net assets or net asset value per share. Temporary differences which arise from recognizing certain items of income, expense, gain or loss in different periods for financial statement and tax purposes will reverse at some time in the future.
Book/tax differences primarily relate to wash sale loss deferrals and treating a portion of the proceeds from redemptions as a distribution for tax purposes.
The tax character of distributions made during the six months ended April 30, 2026 will be determined at fiscal year end. The tax character of distributions declared to shareholders for the last fiscal year is as follows: 
16
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
 
Year ended
10/31/25
Ordinary income (including any short-term capital gains)
$24,147,952
Long-term capital gains
245,729,890
Total distributions
$269,877,842
The federal tax cost and the tax basis components of distributable earnings were as follows: 
As of 4/30/26
Cost of investments
$945,573,205
Gross appreciation
595,708,160
Gross depreciation
(31,561,854
)
Net unrealized appreciation (depreciation)
$564,146,306
As of 10/31/25
Undistributed ordinary income
19,383,598
Undistributed long-term capital gain
309,634,315
Other temporary differences
219,741
Net unrealized appreciation (depreciation)
883,083,242
The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.
Multiple Classes of Shares of Beneficial Interest — The fund offers multiple classes of shares, which differ in their respective distribution and service fees. The fund's income, realized and unrealized gain (loss), and common expenses are allocated to shareholders based on the daily net assets of each class. Dividends are declared separately for each class. Differences in per share dividend rates are generally due to differences in separate class expenses. Class B and Class C shares will convert to Class A shares approximately eight years after purchase. The fund’s distributions declared to shareholders as reported in the Statements of Changes in Net Assets are presented by class as follows: 
 
Six months
ended
4/30/26
Year
ended
10/31/25
Class A
$109,300,083
$76,625,152
Class B
254,469
399,025
Class C
4,645,643
4,090,053
Class I
84,219,651
95,852,011
Class R1
160,305
121,771
Class R2
2,926,892
2,222,337
Class R3
4,742,805
4,201,384
Class R4
4,503,256
3,896,693
Class R6
118,268,503
82,469,416
Total
$329,021,607
$269,877,842
(3) Transactions with Affiliates
Investment Adviser — The fund has an investment advisory agreement with MFS to provide overall investment management and related administrative services and facilities to the fund. The management fee is computed daily and paid monthly at the following annual rates based on the fund's average daily net assets: 
Up to $1 billion
0.90%
In excess of $1 billion and up to $2 billion
0.75%
In excess of $2 billion and up to $5 billion
0.65%
In excess of $5 billion
0.60%
MFS has agreed in writing to reduce its management fee by a specified amount if certain MFS mutual fund assets exceed thresholds agreed to by MFS and the fund's Board of Trustees. MFS has also agreed in writing to waive at least 0.01% of its management fee as part of this agreement. The agreement to waive at least 0.01% of the management fee will continue until modified by the fund's
17
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
Board of Trustees, but such agreement will continue at least until February 28, 2027. For the six months ended April 30, 2026, this management fee reduction amounted to $118,893, which is included in the reduction of total expenses in the Statement of Operations. The management fee incurred for the six months ended April 30, 2026 was equivalent to an annual effective rate of 0.82% of the fund's average daily net assets.
The investment adviser has agreed in writing to pay a portion of the fund’s total annual operating expenses, excluding interest, taxes, extraordinary expenses, brokerage and transaction costs, certain tax reclaim recovery expenses (including contingency fees and closing agreement expenses), and investment-related expenses, such that total fund operating expenses do not exceed the following rates annually of each class’s average daily net assets: 
 
 
 
 
Classes
 
 
 
 
A
B
C
I
R1
R2
R3
R4
R6
1.16%
1.91%
1.91%
0.91%
1.91%
1.41%
1.16%
0.91%
0.82%
This written agreement will continue until modified by the fund’s Board of Trustees, but such agreement will continue at least until February 28, 2027. For the six months ended April 30, 2026, this reduction amounted to $612,389, which is included in the reduction of total expenses in the Statement of Operations.
Distributor — MFS Fund Distributors, Inc. (MFD), a wholly-owned subsidiary of MFS, as distributor, received $10,318 for the six months ended April 30, 2026, as its portion of the initial sales charge on sales of Class A shares of the fund.
The Board of Trustees has adopted a distribution plan for certain share classes pursuant to Rule 12b-1 of the Investment Company Act of 1940.
The fund's distribution plan provides that the fund will pay MFD for services provided by MFD and financial intermediaries in connection with the distribution and servicing of certain share classes. One component of the plan is a distribution fee paid to MFD and another component of the plan is a service fee paid to MFD. MFD may subsequently pay all, or a portion, of the distribution and/or service fees to financial intermediaries. The distribution and service fees are computed daily and paid monthly.
Distribution Plan Fee Table: 
 
Distribution
Fee Rate (d)
Service
Fee Rate (d)
Total
Distribution
Plan (d)
Annual
Effective
Rate (e)
Distribution
and Service
Fee
Class A
—
0.25%
0.25%
0.25%
$722,842
Class B
0.75%
0.25%
1.00%
1.00%
5,222
Class C
0.75%
0.25%
1.00%
1.00%
100,173
Class R1
0.75%
0.25%
1.00%
1.00%
3,699
Class R2
0.25%
0.25%
0.50%
0.50%
34,769
Class R3
—
0.25%
0.25%
0.25%
31,045
Total Distribution and Service Fees
$897,750
(d)
 In accordance with the distribution plan for certain classes, the fund pays distribution and/or service fees equal to these annual percentage rates of each
class’s average daily net assets. The distribution and service fee rates disclosed by class represent the current rates in effect at the end of the reporting
period. Any rate changes, if applicable, are detailed below.
(e)
 The annual effective rates represent actual fees incurred under the distribution plan for the six months ended April 30, 2026 based on each class's average daily net assets.  MFD has voluntarily agreed to rebate a portion of each class's 0.25% service fee attributable to accounts for which there is no financial intermediary specified on the account except for accounts attributable to MFS or its affiliates' seed money. For the six months ended April 30, 2026, this rebate amounted to $317, $5, and $40 for Class A, Class R2, and Class R3 shares, respectively, and is included in the reduction of total expenses in the Statement of Operations.
Certain Class A shares are subject to a contingent deferred sales charge (CDSC) in the event of a shareholder redemption within 18 months of purchase. Class B shares are subject to a CDSC in the event of a shareholder redemption within six years of purchase. Class C shares are subject to a CDSC in the event of a shareholder redemption within 12 months of purchase. All contingent deferred sales charges are paid to MFD and during the six months ended April 30, 2026, were as follows: 
 
Amount
Class A
$1,269
Class B
—
Class C
880
18
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
Shareholder Servicing Agent — MFS Service Center, Inc. (MFSC), a wholly-owned subsidiary of MFS, receives a fee from the fund for its services as shareholder servicing agent calculated as a percentage of the average daily net assets of the fund as determined periodically under the supervision of the fund's Board of Trustees. For the six months ended April 30, 2026, the fee was $85,630, which equated to 0.0098% annually of the fund's average daily net assets. MFSC also receives reimbursement from the fund for out-of-pocket expenses, sub-accounting and other shareholder servicing costs which may be paid to affiliated and unaffiliated service providers. Class R6 shares do not incur sub-accounting fees. For the six months ended April 30, 2026, these out-of-pocket expenses, sub-accounting and other shareholder servicing costs amounted to $554,944.
Administrator — MFS provides certain financial, legal, shareholder communications, compliance, and other administrative services to the fund. Under an administrative services agreement, the fund reimburses MFS the costs incurred to provide these services. The fund is charged an annual fixed amount of $17,500 plus a fee based on average daily net assets. The administrative services fee is computed daily and paid monthly. The administrative services fee incurred for the six months ended April 30, 2026 was equivalent to an annual effective rate of 0.0137% of the fund's average daily net assets.
Trustees’ and Officers’ Compensation — The fund pays compensation to independent Trustees in the form of a retainer, attendance fees, and additional compensation to Board and Committee chairpersons. Independent Trustees’ compensation is accrued daily and paid subsequent to each Trustee Board meeting. The fund does not pay compensation directly to Trustees or officers of the fund who are also officers of the investment adviser, all of whom receive remuneration from MFS for their services to the fund. Certain officers and Trustees of the fund are officers or directors of MFS, MFD, and MFSC.
Other — The fund invests in the MFS Institutional Money Market Portfolio which is managed by MFS and seeks current income consistent with preservation of capital and liquidity. This money market fund does not pay a management fee to MFS but does incur investment and operating costs.
During the six months ended April 30, 2026, pursuant to a policy adopted by the Board of Trustees and designed to comply with Rule 17a-7 under the Investment Company Act of 1940 (the “Act”) and relevant guidance, the fund engaged in purchase transactions with funds and accounts for which MFS serves as investment adviser or sub-adviser (“cross-trades”) which amounted to $1,392,590. 
(4) Portfolio Securities
For the six months ended April 30, 2026, purchases and sales of investments, other than short-term obligations, aggregated $337,036,938 and $941,780,200, respectively.
(5) Shares of Beneficial Interest
The fund's Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest. Transactions in fund shares were as follows: 
 
Six months ended
4/30/26
Year ended
10/31/25
 
Shares
Amount
Shares
Amount
Shares sold
Class A
482,832
$19,915,724
975,282
$44,406,317
Class C
32,408
1,056,999
62,879
2,332,555
Class I
667,491
29,271,361
2,346,051
111,713,913
Class R1
1,250
41,444
2,006
78,452
Class R2
25,451
970,840
53,956
2,367,260
Class R3
45,438
1,884,464
99,248
4,514,204
Class R4
29,786
1,240,472
86,966
4,060,763
Class R6
792,109
34,311,726
2,688,059
129,932,148
 
2,076,765
$88,693,030
6,314,447
$299,405,612
19
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
 
Six months ended
4/30/26
Year ended
10/31/25
 
Shares
Amount
Shares
Amount
Shares issued to shareholders
in reinvestment of distributions
Class A
2,552,209
$102,113,883
1,646,305
$70,824,147
Class B
7,486
254,469
10,574
398,107
Class C
146,957
4,543,902
113,519
3,972,016
Class I
1,634,752
68,692,263
1,898,685
84,985,124
Class R1
4,958
160,305
3,358
121,771
Class R2
74,924
2,850,103
52,808
2,179,918
Class R3
119,798
4,742,805
98,532
4,201,384
Class R4
108,876
4,386,614
88,287
3,818,405
Class R6
2,735,232
114,934,441
1,789,059
80,096,188
 
7,385,192
$302,678,785
5,701,127
$250,597,060
Shares reacquired
Class A
(2,268,602
)
$(93,510,765
)
(3,168,210
)
$(145,236,104
)
Class B
(24,342
)
(843,205
)
(55,904
)
(2,244,250
)
Class C
(180,218
)
(5,793,192
)
(401,837
)
(15,027,806
)
Class I
(7,147,517
)
(332,475,213
)
(7,024,026
)
(336,898,739
)
Class R1
(3,965
)
(127,488
)
(9,903
)
(390,392
)
Class R2
(136,473
)
(5,240,830
)
(176,114
)
(7,801,581
)
Class R3
(128,924
)
(5,260,960
)
(415,124
)
(18,867,902
)
Class R4
(200,539
)
(8,045,365
)
(352,589
)
(16,233,043
)
Class R6
(5,322,742
)
(228,310,984
)
(5,394,457
)
(261,602,675
)
 
(15,413,322
)
$(679,608,002
)
(16,998,164
)
$(804,302,492
)
Net change
Class A
766,439
$28,518,842
(546,623
)
$(30,005,640
)
Class B
(16,856
)
(588,736
)
(45,330
)
(1,846,143
)
Class C
(853
)
(192,291
)
(225,439
)
(8,723,235
)
Class I
(4,845,274
)
(234,511,589
)
(2,779,290
)
(140,199,702
)
Class R1
2,243
74,261
(4,539
)
(190,169
)
Class R2
(36,098
)
(1,419,887
)
(69,350
)
(3,254,403
)
Class R3
36,312
1,366,309
(217,344
)
(10,152,314
)
Class R4
(61,877
)
(2,418,279
)
(177,336
)
(8,353,875
)
Class R6
(1,795,401
)
(79,064,817
)
(917,339
)
(51,574,339
)
 
(5,951,365
)
$(288,236,187
)
(4,982,590
)
$(254,299,820
)
Effective June 1, 2019, purchases of the fund’s Class B shares were closed to new and existing investors subject to certain exceptions. Effective September 29, 2023, purchases of the fund's Class R1 and Class R2 shares were closed to new eligible investors.
(6) Line of Credit
The fund and certain other funds managed by MFS participate in a $1.45 billion unsecured committed line of credit of which $1.2 billion is reserved for use by the fund and certain other MFS U.S. funds. The line of credit is provided by a syndicate of banks under a credit agreement. Borrowings may be made for temporary financing needs. Interest is charged to each fund, based on its borrowings, generally at a rate equal to the highest of 1) Daily Simple SOFR (Secured Overnight Financing Rate), 2) the Federal Funds Effective Rate, or 3) the Overnight Bank Funding Rate, each plus an agreed upon spread. A commitment fee, based on the average daily unused portion of the committed line of credit, is allocated among the participating funds. The line of credit expires on March 11, 2027 unless extended or renewed. In addition, the fund and other funds managed by MFS have established unsecured uncommitted borrowing arrangements with certain banks for temporary financing needs. Interest is charged to each fund, based on its borrowings, at rates equal to customary reference rates plus an agreed upon spread. For the six months ended April 30, 2026, the fund’s commitment fee and interest expense were $4,855 and $0, respectively, and are included in “Miscellaneous” expense in the Statement of Operations.
20
MFS Global Equity Fund
Notes to Financial Statements (unaudited) - continued 
(7) Investments in Affiliated Issuers
An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the six months ended April 30, 2026: 
Affiliated Issuers
Beginning
Value
Purchases
Sales
Proceeds
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
or
Depreciation
Ending
Value
MFS Institutional Money Market
Portfolio
$14,173,718
$189,212,871
$199,822,076
$(531
)
$(1
)
$3,563,981
 
Affiliated Issuers
Dividend
Income
Capital Gain
Distributions
MFS Institutional Money Market Portfolio
$101,514
$—
21
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
There is nothing to report for this item for MFS Global Equity Fund.
ITEM 9.  PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
There is nothing to report for this item for MFS Global Equity Fund.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
This information is disclosed as part of the financial statements included in Item 7 above for MFS Global Equity Fund. See the Statement of Operations and Note 3 within the Notes to Financial Statements for more information.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Not Applicable.
22


MFS Global Total Return Fund

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

MFS Global Total Return Fund

PORTFOLIO OF INVESTMENTS − 4/30/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

Issuer

Shares/Par

 

Value ($)

Common Stocks – 59.5%

 

 

 

 

 

 

 

Aerospace & Defense – 1.0%

 

 

 

 

 

 

 

Boeing Co. (a)

5,508

$

1,261,497

General Dynamics Corp.

16,861

 

5,805,242

L3Harris Technologies, Inc.

11,653

 

3,735,369

Leidos Holdings, Inc.

14,043

 

2,095,497

 

 

 

 

 

 

$

12,897,605

 

 

 

 

Alcoholic Beverages – 1.1%

 

 

 

 

 

 

 

Ambev S.A.

2,054,000

$

6,018,729

Diageo PLC

254,039

 

5,106,779

Heineken N.V.

33,369

 

2,583,629

 

 

 

 

 

 

$

13,709,137

 

 

 

 

Apparel, Footwear, & Accessories – 0.2%

 

 

 

 

 

 

 

Chow Tai Fook Jewellery Group

735,400

$

1,003,258

Compagnie Financiere Richemont S.A.

3,812

 

727,505

LVMH Moet Hennessy Louis Vuitton SE

2,430

 

1,287,379

 

 

 

 

 

 

$

3,018,142

 

 

 

 

Auto & Auto Components – 1.2%

 

 

 

 

 

 

 

Aptiv PLC (a)

62,167

$

3,746,183

Compagnie Generale des Etablissements Michelin

65,035

 

2,360,510

Lear Corp.

32,751

 

4,163,635

LKQ Corp.

100,662

 

3,178,906

PT Astra International Tbk

4,235,000

 

1,461,821

 

 

 

 

 

 

$

14,911,055

 

 

 

 

Brokerage & Asset Managers – 2.8%

 

 

 

 

 

 

 

Charles Schwab Corp.

162,270

$

14,870,423

Julius Baer Group Ltd.

49,519

 

4,098,071

Northern Trust Corp.

96,695

 

16,084,246

 

 

 

 

 

 

$

35,052,740

 

 

 

 

Business Services – 1.3%

 

 

 

 

 

 

 

Accenture PLC, “A”

24,714

$

4,416,639

Cognizant Technology Solutions Corp., “A”

13,443

 

711,135

Experian PLC

34,088

 

1,244,601

Fidelity National Information Services, Inc.

57,771

 

2,688,085

Fiserv, Inc. (a)

24,575

 

1,539,624

Otsuka Corp.

39,600

 

740,705

Sodexo (l)

65,392

 

3,324,694

Tata Consultancy Services Ltd.

42,206

 

1,103,813

Verisk Analytics, Inc., “A”

3,310

 

610,662

 

 

 

 

 

 

$

16,379,958

 

 

 

 

Chemicals – 1.3%

 

 

 

 

 

 

 

Akzo Nobel N.V. (l)

63,480

$

3,730,673

Axalta Coating Systems Ltd. (a)

95,465

 

2,715,025

FUJIFILM Holdings Corp.

87,000

 

1,611,860

MWTFS-SEM

1

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

Shares/Par

 

Value ($)

Common Stocks – continued

 

 

 

 

 

 

 

Chemicals – continued

 

 

 

 

 

 

 

Nitto Denko Corp.

59,900

$

1,156,122

PPG Industries, Inc.

24,696

 

2,679,516

Shin-Etsu Chemical Co. Ltd.

83,300

 

3,881,644

 

 

 

 

 

 

$

15,774,840

 

 

 

 

Conglomerates – 0.2%

 

 

 

 

 

 

 

Honeywell International, Inc.

13,976

$

2,995,476

 

 

 

 

Construction – 1.2%

 

 

 

 

 

 

 

Anhui Conch Cement Co. Ltd.

410,500

$

1,028,649

Compagnie de Saint-Gobain S.A.

19,098

 

1,744,546

Masco Corp.

83,803

 

6,018,732

Midea Group Co. Ltd., “A”

91,500

 

1,088,314

Techtronic Industries Co. Ltd.

323,500

 

4,711,237

 

 

 

 

 

 

$

14,591,478

 

 

 

 

Consumer Products – 2.0%

 

 

 

 

 

 

 

Colgate-Palmolive Co.

80,295

$

6,853,981

Haleon PLC

915,828

 

4,224,988

Kenvue, Inc.

442,088

 

7,749,803

Kimberly-Clark Corp.

42,534

 

4,186,622

Reckitt Benckiser Group PLC

32,421

 

2,063,787

 

 

 

 

 

 

$

25,079,181

 

 

 

 

Consumer Services – 0.1%

 

 

 

 

 

 

 

Airbnb, Inc., “A” (a)

10,089

$

1,416,092

 

 

 

 

Containers – 0.2%

 

 

 

 

 

 

 

Smurfit Westrock PLC

50,449

$

1,936,737

 

 

 

 

Diversified Financial Services – 0.1%

 

 

 

 

 

 

 

CME Group, Inc.

2,578

$

742,000

 

 

 

 

Electrical Equipment – 1.8%

 

 

 

 

 

 

 

Eaton Corp. PLC

6,859

$

2,970,016

Legrand S.A.

18,032

 

3,229,188

Mitsubishi Electric Corp.

192,800

 

7,742,417

Schneider Electric SE

22,860

 

7,206,441

Versigent PLC (a)

20,722

 

724,648

 

 

 

 

 

 

$

21,872,710

 

 

 

 

Energy - Independent – 5.1%

 

 

 

 

 

 

 

Cenovus Energy, Inc.

149,243

$

4,366,265

Chevron Corp.

22,761

 

4,399,929

ConocoPhillips

81,862

 

10,296,602

Eni S.p.A. (l)

499,364

 

14,112,289

Exxon Mobil Corp.

43,557

 

6,722,152

PetroChina Co. Ltd.

3,254,000

 

4,997,845

Suncor Energy, Inc.

33,056

 

2,265,140

TotalEnergies SE

119,110

 

11,084,223

Valero Energy Corp.

9,299

 

2,348,741

2

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

Shares/Par

 

Value ($)

Common Stocks – continued

 

 

 

 

 

 

 

Energy - Independent – continued

 

 

 

 

 

 

 

Woodside Energy Group Ltd.

129,394

$

3,097,386

 

 

 

 

 

 

$

63,690,572

 

 

 

 

Engineering - Construction – 0.2%

 

 

 

 

 

 

 

Doosan Bobcat, Inc.

36,354

$

1,782,179

 

 

 

 

Entertainment & Leisure – 0.4%

 

 

 

 

 

 

 

Brunswick Corp.

42,353

$

3,364,946

NetEase, Inc.

86,200

 

2,005,679

 

 

 

 

 

 

$

5,370,625

 

 

 

 

Food & Beverages – 1.0%

 

 

 

 

 

 

 

Danone S.A.

39,920

$

3,126,910

General Mills, Inc.

50,491

 

1,782,837

Inner Mongolia Yili Industrial Group Co. Ltd., “A”

130,000

 

522,385

J.M. Smucker Co.

13,175

 

1,291,545

Nomad Foods Ltd.

43,478

 

422,606

PepsiCo, Inc.

10,889

 

1,725,798

Tyson Foods, Inc., “A”

29,755

 

1,906,403

WH Group Ltd.

1,008,500

 

1,236,162

 

 

 

 

 

 

$

12,014,646

 

 

 

 

Food & Drug Stores – 1.5%

 

 

 

 

 

 

 

Albertsons Cos., Inc., “A”

63,121

$

1,063,589

Seven & I Holdings Co. Ltd.

370,000

 

4,421,896

Tesco PLC

1,931,504

 

12,669,692

 

 

 

 

 

 

$

18,155,177

 

 

 

 

Global Systemically Important Banks – 4.7%

 

 

 

 

 

 

 

Bank of America Corp.

180,835

$

9,667,439

BNP Paribas S.A.

128,104

 

13,482,300

China Construction Bank Corp.

4,627,000

 

5,208,831

Goldman Sachs Group, Inc.

3,968

 

3,665,519

ING Groep N.V.

54,688

 

1,586,223

JPMorgan Chase & Co.

12,994

 

4,070,111

Mitsubishi UFJ Financial Group, Inc.

402,200

 

7,290,466

UBS Group AG

308,857

 

13,760,948

 

 

 

 

 

 

$

58,731,837

 

 

 

 

Hardware, Peripherals, & Assembly – 2.6%

 

 

 

 

 

 

 

Amadeus IT Group S.A.

51,950

$

2,987,585

Capgemini

50,857

 

6,147,897

Hitachi Ltd.

175,200

 

5,509,453

Hon Hai Precision Industry Co. Ltd.

540,000

 

3,839,535

Lenovo Group Ltd.

458,000

 

688,758

NEC Corp.

106,500

 

2,844,007

Samsung Electronics Co. Ltd.

43,479

 

6,596,303

Seagate Technology Holdings PLC

5,453

 

3,673,359

 

 

 

 

 

 

$

32,286,897

 

 

 

 

3

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

Shares/Par

 

Value ($)

Common Stocks – continued

 

 

 

 

 

 

 

Health Maintenance Organizations – 1.5%

 

 

 

 

 

 

 

Cigna Group

59,000

$

17,144,220

Humana, Inc.

6,181

 

1,461,436

 

 

 

 

 

 

$

18,605,656

 

 

 

 

Insurance – 2.9%

 

 

 

 

 

 

 

Aon PLC

30,450

$

9,489,742

Chubb Ltd.

22,623

 

7,397,721

DB Insurance Co. Ltd.

5,413

 

615,570

Hartford Insurance Group, Inc.

15,842

 

2,167,344

Lincoln National Corp.

15,820

 

598,154

Manulife Financial Corp.

100,560

 

3,953,995

MetLife, Inc.

37,346

 

2,991,415

Sompo Holdings, Inc.

66,500

 

2,472,347

Willis Towers Watson PLC

25,413

 

6,510,811

 

 

 

 

 

 

$

36,197,099

 

 

 

 

Interactive Media Services – 0.1%

 

 

 

 

 

 

 

Baidu, Inc., ADR (a)

10,882

$

1,376,899

 

 

 

 

Machinery & Tools – 0.6%

 

 

 

 

 

 

 

AGCO Corp.

10,510

$

1,271,920

Daikin Industries Ltd.

9,200

 

1,310,874

Finning International, Inc.

33,765

 

2,472,811

GEA Group AG

14,829

 

1,015,527

Wabtec Corp.

5,711

 

1,541,342

 

 

 

 

 

 

$

7,612,474

 

 

 

 

Media – 2.1%

 

 

 

 

 

 

 

Informa PLC

313,229

$

3,405,702

Omnicom Group, Inc.

141,980

 

10,892,705

Publicis Groupe

28,488

 

2,665,648

RELX PLC

110,809

 

4,052,389

Wolters Kluwer N.V.

65,466

 

5,121,902

 

 

 

 

 

 

$

26,138,346

 

 

 

 

Medical & Health Technology & Services – 0.3%

 

 

 

 

 

 

 

ICON PLC (a)

32,002

$

3,786,797

 

 

 

 

Medical Equipment – 2.4%

 

 

 

 

 

 

 

Agilent Technologies, Inc.

11,302

$

1,305,946

Becton, Dickinson and Co.

66,496

 

9,910,564

Boston Scientific Corp. (a)

35,530

 

2,046,883

Medtronic PLC

147,371

 

11,932,630

Waters Corp. (a)

13,840

 

4,279,743

 

 

 

 

 

 

$

29,475,766

 

 

 

 

Metals & Mining – 1.7%

 

 

 

 

 

 

 

Glencore PLC

873,486

$

6,766,199

Rio Tinto PLC

73,024

 

7,301,517

Toyota Tsusho Corp.

168,900

 

6,650,977

Vale S.A.

42,800

 

701,665

 

 

 

 

 

 

$

21,420,358

 

 

 

 

4

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

Shares/Par

 

Value ($)

Common Stocks – continued

 

 

 

 

 

 

 

Natural Gas - Pipeline – 0.0%

 

 

 

 

 

 

 

APA Group

36,315

$

270,339

 

 

 

 

Network & Telecom – 0.3%

 

 

 

 

 

 

 

LM Ericsson Telephone Co., “B”

332,893

$

3,940,315

 

 

 

 

Non-Global Systemically Important Banks – 2.7%

 

 

 

 

 

 

 

ABN AMRO Group N.V., GDR

152,368

$

5,339,079

AIB Group PLC

198,388

 

2,258,844

Banca Mediolanum S.p.A.

29,102

 

637,747

BPER Banca S.p.A.

148,360

 

2,188,831

DBS Group Holdings Ltd.

16,790

 

774,548

Grupo Financiero Banorte S.A. de C.V.

78,324

 

850,473

M&T Bank Corp.

5,658

 

1,237,009

NatWest Group PLC

1,742,823

 

13,799,808

PNC Financial Services Group, Inc.

18,058

 

4,026,934

Popular, Inc.

12,742

 

1,915,505

Regions Financial Corp.

30,898

 

882,138

Sberbank of Russia PJSC (a)(u)

780,516

 

0

 

 

 

 

 

 

$

33,910,916

 

 

 

 

Oil Services – 0.3%

 

 

 

 

 

 

 

Tenaris S.A.

127,804

$

4,084,423

 

 

 

 

Pharmaceuticals & Biotechnology – 4.3%

 

 

 

 

 

 

 

AbbVie, Inc.

21,953

$

4,639,108

Johnson & Johnson

43,753

 

10,056,627

Novartis AG

37,087

 

5,511,910

Pfizer, Inc.

600,852

 

16,042,748

Roche Holding AG

21,233

 

8,693,301

Sandoz Group AG

23,698

 

1,901,446

Sanofi S.A.

67,283

 

6,285,574

 

 

 

 

 

 

$

53,130,714

 

 

 

 

Real Estate – 0.2%

 

 

 

 

 

 

 

Essential Properties Realty Trust, REIT

37,311

$

1,172,685

NNN REIT, Inc.

18,576

 

813,443

 

 

 

 

 

 

$

1,986,128

 

 

 

 

Real Estate - Storage & Office – 0.2%

 

 

 

 

 

 

 

Cousins Properties, Inc., REIT

26,818

$

686,809

Highwoods Properties, Inc., REIT

49,577

 

1,205,217

 

 

 

 

 

 

$

1,892,026

 

 

 

 

Restaurants – 0.4%

 

 

 

 

 

 

 

Aramark

106,336

$

4,858,492

 

 

 

 

Retail & E-commerce – 0.3%

 

 

 

 

 

 

 

Bath & Body Works, Inc.

34,556

$

671,769

Home Depot, Inc.

6,242

 

2,052,369

Shimamura Co. Ltd.

45,600

 

953,623

 

 

 

 

 

 

$

3,677,761

 

 

 

 

5

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

Shares/Par

 

 

Value ($)

Common Stocks – continued

 

 

 

 

 

 

 

 

 

Semiconductor & Electronic Components – 1.6%

 

 

 

 

 

 

 

 

 

Kyocera Corp.

329,600

$

6,196,480

Lam Research Corp.

13,375

 

 

3,448,877

NVIDIA Corp.

6,429

 

 

1,283,035

NXP Semiconductors N.V.

24,735

 

 

7,261,949

SK Square Co. Ltd. (a)

2,559

 

 

1,490,975

 

 

 

 

 

 

 

$

19,681,316

 

 

 

 

 

Software – 1.2%

 

 

 

 

 

 

 

 

Microsoft Corp.

26,181

$

10,676,088

Salesforce, Inc.

22,514

 

 

3,974,397

 

 

 

 

 

 

 

$

14,650,485

 

 

 

 

 

Telecom Services – 1.1%

 

 

 

 

 

 

 

 

Comcast Corp., “A”

221,025

$

5,976,516

KDDI Corp.

310,700

 

 

5,125,245

Koninklijke KPN N.V.

377,487

 

 

2,022,024

PT Telekom Indonesia

5,848,700

 

 

963,900

 

 

 

 

 

 

 

$

14,087,685

 

 

 

 

 

Tobacco – 1.7%

 

 

 

 

 

 

 

 

Altria Group, Inc.

33,930

$

2,465,014

British American Tobacco PLC

175,358

 

 

10,297,473

Philip Morris International, Inc.

48,411

 

 

7,991,204

 

 

 

 

 

 

 

$

20,753,691

 

 

 

 

 

Transportation & Logistics – 0.6%

 

 

 

 

 

 

 

 

Union Pacific Corp.

22,265

$

5,999,972

Yangzijiang Shipbuilding Holdings Ltd.

446,300

 

 

1,522,244

 

 

 

 

 

 

 

$

7,522,216

 

 

 

 

 

Travel, Gaming, & Lodging – 0.2%

 

 

 

 

 

 

 

 

FDJ United (l)

22,324

$

605,233

Ryanair Holdings PLC, ADR

83,726

 

 

2,236,197

 

 

 

 

 

 

 

$

2,841,430

 

 

 

 

 

Utilities – 2.8%

 

 

 

 

 

 

 

 

Ameren Corp.

6,149

$

698,834

Atmos Energy Corp.

22,536

 

 

4,281,389

CLP Holdings Ltd.

182,500

 

 

1,751,172

Duke Energy Corp.

21,171

 

 

2,742,703

E.ON SE

276,556

 

 

6,131,315

Edison International

51,500

 

 

3,578,735

National Grid PLC

544,295

 

 

9,736,646

PG&E Corp.

283,044

 

 

4,704,191

United Utilities Group PLC

12,434

 

 

246,986

Xcel Energy, Inc.

14,211

 

 

1,178,803

 

 

 

 

 

 

 

$

35,050,774

 

 

 

 

Total Common Stocks (Identified Cost, $490,169,142)

 

$

739,361,190

 

 

 

 

 

6

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

 

Value ($)

Bonds – 37.0%

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense – 0.1%

 

 

 

 

 

 

 

 

 

 

 

Boeing Co., 5.805%, 5/01/2050

$

600,000

$

584,672

Honeywell Aerospace, Inc., 4.6%, 3/16/2033 (n)

 

372,000

 

 

367,291

Honeywell Aerospace, Inc., 4.95%, 3/16/2036 (n)

 

372,000

 

 

367,778

Huntington Ingalls Industries, Inc., 4.2%, 5/01/2030

 

159,000

 

 

156,226

Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035

 

394,000

 

 

407,476

 

 

 

 

 

 

 

 

 

$

1,883,443

 

 

 

 

 

 

Asset-Backed & Securitized – 2.3%

 

 

 

 

 

 

 

 

 

 

3650R Commercial Mortgage Trust, 2021-PF1, “XA”, 1.101%, 11/15/2054 (i)

$

7,044,428

$

229,536

AA Bond Co. Ltd., 5.5%, 7/31/2032

GBP

300,000

 

 

396,004

ACREC 2021-FL1 Ltd., “C”, FLR, 5.932% ((SOFR - 1mo. + 0.11448%) + 2.15%), 10/16/2036 (n)

$

1,125,500

 

 

1,125,431

Advanzia Master Issuer S.à r.l., 2026-1, “A”, FLR, 5% (EURIBOR - 1mo. + 0.78%), 5/16/2036 (w)

EUR

400,000

 

 

469,810

Angel Oak Mortgage Trust, 2024-12, “A1”, 5.653%, 10/25/2069 (n)

$

1,123,102

 

 

1,129,331

Angel Oak Mortgage Trust, 2024-13, “A1”, 5.464%, 12/26/2069 (n)

 

355,661

 

 

357,049

Angel Oak Mortgage Trust, 2024-9, “A1”, 5.138%, 9/25/2069 (n)

 

865,342

 

 

865,128

Angel Oak Mortgage Trust, 2025-1, “A2”, 5.844%, 1/25/2070 (n)

 

489,468

 

 

491,874

AREIT 2022-CRE6 Trust, “B”, FLR, 5.49% (SOFR - 30 day + 1.85%), 1/20/2037 (n)

 

620,000

 

 

619,171

AREIT 2022-CRE6 Trust, “C”, FLR, 5.79% (SOFR - 30 day + 2.15%), 1/20/2037 (n)

 

312,000

 

 

311,812

Arqiva Broadcast Finance PLC, 4.882%, 12/31/2032

GBP

289,333

 

 

377,859

Auto ABS Loans, 2026-1, “A”, FLR, 2.779% (EURIBOR - 1mo. + 0.6%), 12/28/2038

EUR

200,000

 

 

234,628

Bain Capital Credit CLO Ltd., 2021-7A, “BR”, FLR, 5.164% (SOFR - 3mo. + 1.5%), 1/22/2035 (n)

$

1,365,087

 

 

1,364,211

BBCMS Mortgage Trust, 2020-C7, “XA”, 1.586%, 4/15/2053 (i)

 

1,363,665

 

 

53,909

BBCMS Mortgage Trust, 2021-C10, “XA”, 1.191%, 7/15/2054 (i)

 

5,222,468

 

 

238,230

BBCMS Mortgage Trust, 2021-C9, “XA”, 1.54%, 2/15/2054 (i)

 

5,061,114

 

 

292,653

Benchmark 2021-B24 Mortgage Trust, “XA”, 1.078%, 3/15/2054 (i)

 

4,297,751

 

 

157,805

Benchmark 2021-B26 Mortgage Trust, “XA”, 0.843%, 6/15/2054 (i)

 

10,305,254

 

 

303,510

Benchmark 2021-B27 Mortgage Trust, “XA”, 1.231%, 7/15/2054 (i)

 

13,508,110

 

 

588,050

Benchmark 2021-B28 Mortgage Trust, “XA”, 1.216%, 8/15/2054 (i)

 

12,502,080

 

 

576,921

Business Jet Securities LLC, 2024-1A, “A”, 6.197%, 5/15/2039 (n)

 

333,277

 

 

338,235

BX Trust, 2024-PURE, “A”, FLR, 4.172% (CORRA + 1.9%), 11/15/2041 (n)

CAD

960,201

 

 

707,323

Cars Alliance, 2026-G1V, “A”, FLR, 5% (EURIBOR - 1mo. + 0.61%), 5/19/2036 (w)

EUR

400,000

 

 

469,460

CF Hippolyta Issuer LLC, 2020-1, “A1”, 1.69%, 7/15/2060 (n)

$

359,286

 

 

299,055

Chesapeake Funding II LLC, 2023-1A, “A1”, 5.65%, 5/15/2035 (n)

 

106,459

 

 

106,524

Colt Funding LLC, 2024-1, “A1”, 5.835%, 2/25/2069 (n)

 

328,736

 

 

329,732

Colt Funding LLC, 2024-6, “A1”, 5.39%, 11/25/2069 (n)

 

277,702

 

 

278,630

Commercial Mortgage Pass-Through Certificates, 2021-BN32, “XA”, 0.704%, 4/15/2054 (i)

 

6,385,150

 

 

168,389

Commercial Mortgage Pass-Through Certificates, 2021-BN34, “XA”, 0.957%, 6/15/2063 (i)

 

6,526,773

 

 

221,088

Commercial Mortgage Pass-Through Certificates, 2021-BN35, “XA”, 1.022%, 6/15/2064 (i)

 

6,083,136

 

 

228,717

ELM Trust, 2024-ELM, “A10”, 5.994%, 6/10/2039 (n)

 

833,333

 

 

833,876

ELM Trust, 2024-ELM, “B10”, 5.995%, 6/10/2039 (n)

 

607,994

 

 

608,372

Empire District Bondco LLC, 4.943%, 1/01/2033

 

625,469

 

 

631,915

Enterprise Fleet Financing 2024-3 LLC, “A2”, 5.31%, 4/20/2027 (n)

 

64,101

 

 

64,225

Enterprise Fleet Financing 2025-1 LLC, “A2”, 4.65%, 10/20/2027 (n)

 

93,995

 

 

94,255

Enterprise Fleet Financing 2025-4 LLC, “A2”, 4.05%, 8/20/2028 (n)

 

586,000

 

 

585,563

EQT Trust, 2024-EXTR, “A”, 5.331%, 7/05/2041 (n)

 

537,784

 

 

545,145

EQT Trust, 2024-EXTR, “B”, 5.654%, 7/05/2041 (n)

 

364,160

 

 

368,144

Fact S.A., 2026-1, “A”, FLR, 2.634% (EURIBOR - 1mo. + 0.63%), 4/20/2033

EUR

300,000

 

 

352,412

Finance Ireland Auto Receivables, “1A”, FLR, 2.812%, 9/12/2033

 

659,123

 

 

775,307

First Mobility S.à r.l., 2026-1, “A”, FLR, 1% (EURIBOR - 1mo. + 0.68%), 9/23/2033 (w)

 

500,000

 

 

587,293

Fortress CBO Investments Ltd., 2022-FL3, “AS”, FLR, 5.894% (SOFR - 30 day + 2.25%), 2/23/2039 (n)

$

394,754

 

 

394,327

Home Owner Mortgage Enhanced, 5.077%, 8/25/2060 (n)

 

242,490

 

 

241,250

Liberty Series Trust, 2026-1, “A1A”, 4.763%, 10/10/2058

AUD

442,015

 

 

318,025

MF1 2022-FL8 Ltd., “A”, FLR, 5.007% (SOFR - 1mo. + 1.35%), 2/19/2037 (n)

$

187,431

 

 

187,431

MF1 2022-FL8 Ltd., “B”, FLR, 5.607% (SOFR - 30 day + 1.95%), 2/19/2037 (n)

 

604,312

 

 

604,449

7

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

 

 

Asset-Backed & Securitized – continued

 

 

 

 

 

 

 

 

 

 

 

Morgan Stanley Capital I Trust, 2021-L5, “XA”, 1.178%, 5/15/2054 (i)

$

4,064,314

$

182,956

Morgan Stanley Capital I Trust, 2021-L6, “XA”, 1.141%, 6/15/2054 (i)

 

8,670,203

 

 

306,291

New Residential Mortgage Loan Trust, 2024-NQM3, “A-1”, 5.53%, 5/25/2065 (n)

 

286,006

 

 

287,716

OBX Trust, 2024-NQM1, “A1”, 5.928%, 11/25/2063 (n)

 

405,517

 

 

406,974

OBX Trust, 2024-NQM2, “A1”, 5.878%, 12/25/2063 (n)

 

703,196

 

 

706,049

OBX Trust, 2024-NQM3, “A1”, 6.129%, 12/25/2063 (n)

 

150,027

 

 

150,916

Panorama Auto Trust, 2026-1, “A”, FLR, 5.141% (BBSW - 1mo. + 1.02%), 3/15/2034

AUD

770,000

 

 

553,929

PMT Loan Trust, 2025-INV10, “A36”, FLR, 4.995% (SOFR - 1mo. + 1.35%), 10/01/2056 (n)

$

606,127

 

 

608,807

Red & Black Auto Germany S.à r.l. Compartment 14, “A”, 2.523%, 2/15/2035

EUR

291,903

 

 

342,743

RevoCar, 2026-1, “A”, FLR, 5% (EURIBOR - 1mo. + 0.55%), 10/21/2039 (w)

 

800,000

 

 

939,200

Silver Arrow S.A., 2021, “A”, FLR, 2.341% (EURIBOR - 1mo. + 0.42%), 12/15/2033

 

400,000

 

 

469,646

TCW Gem Ltd., 2020-1A, “BR3”, FLR, 5.275% (SOFR - 3mo. + 1.6%), 4/20/2034 (n)

$

1,275,000

 

 

1,275,339

TPG Real Estate Finance, 2025-FL7, “AS”, FLR, 5.361% (SOFR - 1mo. + 1.7%), 6/18/2043 (n)

 

606,325

 

 

607,550

Triton Bond Trust, 2026-1, “A”, 4.8%, 2/15/2058

AUD

1,178,084

 

 

847,779

Verus Securitization Trust, 2024-1, “A1”, 5.712%, 1/25/2069 (n)

$

347,475

 

 

348,494

Volvo Financial Equipment LLC, 2024-1A, “A2”, 4.56%, 5/17/2027 (n)

 

95,277

 

 

95,322

Wells Fargo Commercial Mortgage Trust, 2021-C60, “XA”, 1.49%, 8/15/2054 (i)

 

6,686,758

 

 

375,596

 

 

 

 

 

 

 

 

 

$

29,027,371

 

 

 

 

 

 

Auto & Auto Components – 0.2%

 

 

 

 

 

 

 

 

 

 

Ford Motor Credit Co. LLC, 6.95%, 6/10/2026

$

420,000

$

420,171

Ford Motor Credit Co. LLC, 3.305%, 5/17/2029

EUR

350,000

 

 

403,297

Hyundai Capital America, 4.5%, 9/18/2030 (n)

$

175,000

 

 

172,206

RCI Banque S.A., 3.625%, 2/22/2030

EUR

400,000

 

 

468,252

Toyota Motor Finance (Netherlands) B.V., 3.25%, 4/23/2030

 

450,000

 

 

525,649

Volkswagen Bank GmbH, 3.75%, 12/10/2032

 

300,000

 

 

346,948

 

 

 

 

 

 

 

 

 

$

2,336,523

 

 

 

 

 

 

Brokerage & Asset Managers – 0.4%

 

 

 

 

 

 

 

 

 

 

Charles Schwab Corp., 4.914% to 11/14/2035, FLR (SOFR - 1 day + 1.23%) to 11/14/2036

$

733,000

$

715,300

Citadel Securities Global Holdings LLC, 5.75%, 3/27/2036 (n)

 

549,000

 

 

541,788

Jefferies Financial Group, Inc., 5.5%, 2/15/2036

 

516,000

 

 

496,909

Low Income Investment Fund, 3.386%, 7/01/2026

 

285,000

 

 

284,089

Low Income Investment Fund, 3.711%, 7/01/2029

 

300,000

 

 

291,657

LPL Holdings, Inc., 4%, 3/15/2029 (n)

 

568,000

 

 

552,865

LPL Holdings, Inc., 5.75%, 6/15/2035

 

387,000

 

 

389,431

LSEG Netherlands B.V., 3%, 11/06/2031

EUR

470,000

 

 

536,421

LSEG US Financial Corp., 5.297%, 3/28/2034 (n)

$

285,000

 

 

287,596

The Carlyle Group, Inc., 5.05%, 9/19/2035

 

663,000

 

 

640,806

 

 

 

 

 

 

 

 

 

$

4,736,862

 

 

 

 

 

 

Building – 0.1%

 

 

 

 

 

 

 

 

 

 

CRH Finance (U.K.) PLC, 4.125%, 12/02/2029

GBP

250,000

$

328,982

Ferguson Enterprises, Inc., 5%, 10/03/2034

$

622,000

 

 

618,336

JH North America Holdings, Inc., 5.875%, 1/31/2031 (n)

 

249,000

 

 

248,885

JH North America Holdings, Inc., 6.125%, 7/31/2032 (n)

 

248,000

 

 

248,527

Vulcan Materials Co., 5.7%, 12/01/2054

 

297,000

 

 

289,631

 

 

 

 

 

 

 

 

 

$

1,734,361

 

 

 

 

 

 

Business Services – 0.1%

 

 

 

 

 

 

 

 

 

 

Fiserv, Inc., 4.4%, 7/01/2049

$

398,000

$

301,579

Paychex, Inc., 5.1%, 4/15/2030

 

156,000

 

 

157,663

Paychex, Inc., 5.35%, 4/15/2032

 

309,000

 

 

311,763

8

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Business Services – continued

 

 

 

 

 

 

 

 

 

Visa, Inc., 3.875%, 5/15/2044

EUR

290,000

$

325,897

 

 

 

 

 

 

 

 

$

1,096,902

 

 

 

 

 

Cable TV – 0.1%

 

 

 

 

 

 

 

 

 

Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.384%, 10/23/2035

$

279,000

$

281,896

Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.484%, 10/23/2045

 

204,000

 

187,953

Comcast Corp., 6.05%, 5/15/2055

 

402,000

 

395,038

Videotron Ltd., 3.625%, 6/15/2029 (n)

 

404,000

 

391,676

 

 

 

 

 

 

 

 

$

1,256,563

 

 

 

 

 

Chemicals – 0.1%

 

 

 

 

 

 

 

 

 

Linde PLC, 3.4%, 2/14/2036

EUR

300,000

$

340,972

Linde PLC, 3.75%, 11/20/2038

 

200,000

 

228,708

Novonesis, “B”, 3.625%, 3/19/2033

 

170,000

 

199,526

 

 

 

 

 

 

 

 

$

769,206

 

 

 

 

 

Conglomerates – 0.3%

 

 

 

 

 

 

 

 

 

Assa Abloy AB, 3.371%, 9/09/2032

EUR

320,000

$

370,411

Eaton Corp. PLC, 4.5%, 3/06/2033

$

200,000

 

197,011

Eaton Corp. PLC, 4.8%, 3/06/2036

 

283,000

 

278,593

Regal Rexnord Corp., 6.05%, 4/15/2028

 

491,000

 

503,313

Regal Rexnord Corp., 6.4%, 4/15/2033

 

178,000

 

189,272

Smiths Group PLC, 3.625%, 11/13/2033

EUR

570,000

 

647,892

Veralto Corp., 4.15%, 9/19/2031

 

277,000

 

331,244

Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034

$

741,000

 

764,154

 

 

 

 

 

 

 

 

$

3,281,890

 

 

 

 

 

Consumer Products – 0.1%

 

 

 

 

 

 

 

 

 

Galderma Finance Europe B.V., 3.375%, 3/17/2031

EUR

340,000

$

395,905

Henkel AG & Co. KGaA, 3.625%, 4/02/2031

 

300,000

 

356,552

L’Oréal S.A., 5%, 5/20/2035 (n)

$

571,000

 

577,953

 

 

 

 

 

 

 

 

$

1,330,410

 

 

 

 

 

Consumer Services – 0.1%

 

 

 

 

 

 

 

 

 

Booking Holdings, Inc., 3%, 11/07/2030

EUR

260,000

$

298,801

Pluxee N.V., 3.75%, 9/04/2032

 

400,000

 

463,533

 

 

 

 

 

 

 

 

$

762,334

 

 

 

 

 

Diversified Financial Services – 0.4%

 

 

 

 

 

 

 

 

 

Aroundtown S.A., 3%, 10/16/2029

GBP

260,000

$

321,503

Avolon Holdings Funding Ltd., 4.375%, 5/01/2026 (n)

$

537,000

 

537,000

Avolon Holdings Funding Ltd., 5.75%, 3/01/2029 (n)

 

304,000

 

310,960

Avolon Holdings Funding Ltd., 4.95%, 10/15/2032 (n)

 

531,000

 

518,072

Blackstone Secured Lending Fund, 5.35%, 4/13/2028

 

294,000

 

293,282

Goldman Sachs Private Credit Corp., 6.15%, 6/16/2031 (n)

 

305,000

 

302,433

Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n)

 

252,000

 

251,023

Macquarie AirFinance Holdings Ltd., 6.5%, 3/26/2031 (n)

 

149,000

 

155,718

Shurgard Luxembourg S.à r.l., 3.625%, 10/22/2034

EUR

200,000

 

223,856

Shurgard Luxembourg S.à r.l., 4%, 5/27/2035

 

400,000

 

455,831

SMBC Aviation Capital Finance DAC, 5.25%, 11/26/2035 (n)

$

854,000

 

836,570

VGP N.V., 2.25%, 1/17/2030

EUR

200,000

 

219,919

 

 

 

 

 

 

 

 

$

4,426,167

 

 

 

 

 

9

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Emerging Market Quasi-Sovereign – 0.6%

 

 

 

 

 

 

 

 

 

Bank Gospodarstwa Krajowego (Republic of Poland), 6.25%, 10/31/2028 (n)

$

539,000

$

565,525

Bank Gospodarstwa Krajowego (Republic of Poland), 5.375%, 5/22/2033 (n)

 

442,000

 

450,710

Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n)

 

452,585

 

462,315

Comision Federal de Electricidad (United Mexican States), 6.045%, 1/28/2034 (n)

 

474,000

 

468,018

Export-Import Bank of India, 5%, 1/12/2036 (n)

 

1,700,000

 

1,678,716

Magyar Export-Import Bank PLC (Republic of Hungary), 6.125%, 12/04/2027 (n)

 

540,000

 

551,047

Magyar Fejlesztesi Bank Zrt. (Republic of Hungary), 4.375%, 6/27/2030

EUR

995,000

 

1,190,085

PT Perusahaan Listrik Negara (Republic of Indonesia), 5.45%, 2/03/2036 (n)

$

200,000

 

194,572

PT Perusahaan Listrik Negara (Republic of Indonesia), 4%, 6/30/2050 (n)

 

291,000

 

202,886

Qatar Petroleum, 3.125%, 7/12/2041

 

449,000

 

336,831

Saudi Arabian Oil Co., 5.75%, 7/17/2054 (n)

 

362,000

 

341,615

Saudi Arabian Oil Co., 6.375%, 6/02/2055

 

462,000

 

470,714

 

 

 

 

 

 

 

 

$

6,913,034

 

 

 

 

 

Emerging Market Sovereign – 6.5%

 

 

 

 

 

 

 

 

 

Czech Republic, 5.3%, 9/19/2035

CZK

32,410,000

$

1,610,731

Hellenic Republic (Republic of Greece), 3.375%, 6/16/2036 (n)

EUR

2,848,000

 

3,222,992

Hellenic Republic (Republic of Greece), 4.125%, 6/15/2054

 

1,169,000

 

1,298,115

Kingdom of Saudi Arabia, 5.125%, 1/13/2028 (n)

$

519,000

 

524,083

Kingdom of Saudi Arabia, 4.875%, 1/12/2036 (n)

 

1,200,000

 

1,179,423

Oriental Republic of Uruguay, 8.25%, 5/21/2031

UYU

17,891,000

 

459,870

Oriental Republic of Uruguay, 9.75%, 7/20/2033

 

25,147,000

 

695,169

Oriental Republic of Uruguay, 8%, 10/29/2035

 

26,699,996

 

679,517

People’s Republic of China, 3.13%, 11/21/2029

CNY

79,280,000

 

12,369,429

People’s Republic of China, 1.43%, 1/25/2030

 

48,400,000

 

7,089,249

People’s Republic of China, 1.63%, 10/25/2030

 

10,200,000

 

1,502,394

People’s Republic of China, 2.88%, 2/25/2033

 

70,520,000

 

11,206,672

People’s Republic of China, 2.27%, 5/25/2034

 

16,500,000

 

2,518,742

People’s Republic of China, 1.83%, 8/25/2035

 

7,700,000

 

1,132,568

Republic of Hungary, 4%, 7/25/2029

EUR

1,400,000

 

1,682,705

Republic of Korea, 1.875%, 6/10/2029

KRW

8,011,970,000

 

5,118,834

Republic of Korea, 1.375%, 6/10/2030

 

8,496,200,000

 

5,209,173

Republic of Korea, 2.5%, 9/10/2030

 

10,800,000,000

 

6,901,371

Republic of Peru, 5.375%, 2/08/2035

$

2,080,000

 

2,096,640

Republic of Peru, 6.85%, 8/12/2035

PEN

14,287,000

 

4,245,283

Republic of Poland, 3.625%, 1/11/2034

EUR

1,000,000

 

1,179,252

Republic of Poland, 6.125%, 4/14/2056

$

393,000

 

394,067

Republic of Romania, 6%, 5/25/2034

 

1,412,000

 

1,395,656

United Mexican States, 5.85%, 7/02/2032

 

902,000

 

916,297

United Mexican States, 7.5%, 5/26/2033

MXN

36,500,000

 

1,920,855

United Mexican States, 5.625%, 2/09/2034

$

414,000

 

408,688

United Mexican States, 7.75%, 11/23/2034

MXN

29,300,000

 

1,535,723

United Mexican States, 6.625%, 1/29/2038

$

463,000

 

477,029

United Mexican States, 6.125%, 2/09/2038

 

1,350,000

 

1,331,572

 

 

 

 

 

 

 

 

$

80,302,099

 

 

 

 

 

Energy - Independent – 0.2%

 

 

 

 

 

 

 

 

 

Aker BP ASA, 4%, 5/29/2032

EUR

390,000

$

461,023

APA Corp., 6.1%, 2/15/2035

$

117,000

 

121,390

APA Corp., 6.75%, 2/15/2055

 

212,000

 

216,665

Occidental Petroleum Corp., 6.45%, 9/15/2036

 

319,000

 

342,810

Pioneer Natural Resources Co., 2.15%, 1/15/2031

 

549,000

 

495,756

Santos Finance Ltd., 5.75%, 11/13/2035 (n)

 

479,000

 

484,633

10

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Energy - Independent – continued

 

 

 

 

 

 

 

 

 

Var Energi ASA, 3.875%, 3/12/2031

EUR

340,000

$

398,380

 

 

 

 

 

 

 

 

$

2,520,657

 

 

 

 

 

Energy - Integrated – 0.2%

 

 

 

 

 

 

 

 

 

BP Capital Markets B.V., 0.933%, 12/04/2040

EUR

440,000

$

329,309

BP Capital Markets PLC, 6%, 2/19/2173

GBP

520,000

 

711,950

Eni S.p.A., 4.25%, 5/19/2033

EUR

380,000

 

461,461

Exxon Mobil Corp., 1.408%, 6/26/2039

 

690,000

 

589,836

 

 

 

 

 

 

 

 

$

2,092,556

 

 

 

 

 

Entertainment & Leisure – 0.0%

 

 

 

 

 

 

 

 

 

Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n)

$

417,000

$

422,737

Royal Caribbean Cruises Ltd., 6%, 2/01/2033 (n)

 

154,000

 

156,360

 

 

 

 

 

 

 

 

$

579,097

 

 

 

 

 

Food & Beverages – 0.5%

 

 

 

 

 

 

 

 

 

Anheuser-Busch InBev Worldwide, Inc., 4.375%, 4/15/2038

$

167,000

$

155,603

Anheuser-Busch InBev Worldwide, Inc., 4.125%, 5/19/2045

EUR

150,000

 

167,386

Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049

$

512,000

 

499,764

Bacardi Ltd., 5.15%, 5/15/2038 (n)

 

458,000

 

425,707

Bacardi-Martini B.V., 5.4%, 6/15/2033 (n)

 

168,000

 

166,501

Flowers Foods, Inc., 5.75%, 3/15/2035

 

128,000

 

123,340

Flowers Foods, Inc., 6.2%, 3/15/2055

 

60,000

 

50,689

Heineken N.V., 3.505%, 5/03/2034

EUR

720,000

 

829,542

JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 5.5%, 1/15/2036

$

430,000

 

428,632

JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 6.5%, 12/01/2052

 

230,000

 

230,669

Kraft Heinz Foods Co., 4.375%, 6/01/2046

 

472,000

 

369,890

Magnum ICC Finance B.V., 3.75%, 11/26/2034

EUR

270,000

 

309,514

Magnum ICC Finance B.V., 4%, 11/26/2037

 

340,000

 

383,380

Maple Parent Holdings Corp., 4.728%, 3/26/2035

 

220,000

 

258,845

Mars, Inc., 4.8%, 3/01/2030 (n)

$

232,000

 

234,350

Mars, Inc., 5.2%, 3/01/2035 (n)

 

620,000

 

625,533

Mars, Inc., 5.7%, 5/01/2055 (n)

 

536,000

 

521,548

 

 

 

 

 

 

 

 

$

5,780,893

 

 

 

 

 

Forest & Paper Products – 0.0%

 

 

 

 

 

 

 

 

 

Smurfit Kappa Treasury Co., 3.489%, 11/24/2031

EUR

140,000

$

162,203

 

 

 

 

 

Global Systemically Important Banks – 1.0%

 

 

 

 

 

 

 

 

 

Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032

$

886,000

$

803,956

Bank of America Corp., 5.464% to 5/09/2035, FLR (SOFR - 1 day + 1.64%) to 5/09/2036

 

436,000

 

445,092

BNP Paribas S.A., 6.875% to 12/15/2033, FLR (CMT - 5yr. + 2.853%) to 6/15/2174 (n)

 

411,000

 

408,215

Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029

 

309,000

 

312,449

Deutsche Bank AG, 4.95% to 8/04/2030, FLR (SOFR - 1 day + 1.3%) to 8/04/2031

 

507,000

 

505,410

Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030

 

314,000

 

313,994

Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035

 

472,000

 

464,389

Goldman Sachs Group, Inc., 5.065% to 1/21/2036, FLR (SOFR - 1 day + 1.19%) to 1/21/2037

 

484,000

 

473,176

HSBC Holdings PLC, 5.13% to 3/03/2030, FLR (SOFR - 1 day + 1.29%) to 3/03/2031

 

283,000

 

286,556

HSBC Holdings PLC, 5.279% to 3/10/2036, FLR (SOFR - 1 day + 1.55%) to 3/10/2037

 

384,000

 

378,727

JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030

 

511,000

 

525,337

JPMorgan Chase & Co., 4.603% to 10/22/2029, FLR (SOFR - 1 day + 1.04%) to 10/22/2030

 

400,000

 

400,928

JPMorgan Chase & Co., 1.953% to 2/04/2031, FLR (SOFR - 1 day + 1.065%) to 2/04/2032

 

447,000

 

394,413

JPMorgan Chase & Co., 3.136%, 2/18/2032

EUR

530,000

 

611,003

11

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Global Systemically Important Banks – continued

 

 

 

 

 

 

 

 

 

JPMorgan Chase & Co., 5.502% to 1/24/2035, FLR (SOFR - 1 day + 1.315%) to 1/24/2036

$

416,000

$

426,000

JPMorgan Chase & Co., 3.109% to 4/22/2050, FLR (SOFR - 1 day + 2.44%) to 4/22/2051

 

607,000

 

398,894

Mitsubishi UFJ Financial Group, Inc., 2.494% to 10/13/2031, FLR (CMT - 1yr. + 0.97%) to 10/13/2032

 

484,000

 

429,347

Mitsubishi UFJ Financial Group, Inc., 5.188%, 9/12/2036

 

557,000

 

553,436

Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031

 

957,000

 

919,848

Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034

 

824,000

 

839,800

UBS Group AG, 3.125%, 2/13/2031

EUR

490,000

 

567,435

UBS Group AG, 2.746% to 2/11/2032, FLR (CMT - 1yr. + 1.1%) to 2/11/2033 (n)

$

941,000

 

835,017

UBS Group AG, 4.375% to 2/10/2031, FLR (CMT - 1yr. + 3.313%) to 8/10/2171 (n)

 

437,000

 

400,628

Wells Fargo & Co., 5.244% to 1/24/2030, FLR (SOFR - 1 day + 1.11%) to 1/24/2031

 

307,000

 

312,958

Wells Fargo & Co., 3.35% to 3/02/2032, FLR (SOFR - 1 day + 1.5%) to 3/02/2033

 

332,000

 

305,651

 

 

 

 

 

 

 

 

$

12,312,659

 

 

 

 

 

Industrial – 0.1%

 

 

 

 

 

 

 

 

 

WSP Global, Inc., 5.039%, 9/18/2031 (n)

$

257,000

$

255,900

WSP Global, Inc., 5.714%, 9/18/2036 (n)

 

593,000

 

589,397

 

 

 

 

 

 

 

 

$

845,297

 

 

 

 

 

Insurance – 0.2%

 

 

 

 

 

 

 

 

 

Aviva PLC, 4.625% to 8/28/2036, FLR (EURIBOR - 3mo. + 3.05%) to 8/28/2056

EUR

361,000

$

427,347

Corebridge Financial, Inc., 4.35%, 4/05/2042

$

281,000

 

234,101

Corebridge Global Funding, 4.9%, 8/21/2032 (n)

 

374,000

 

370,704

Mapfre S.A., 3.125%, 1/20/2032

EUR

400,000

 

459,514

Northwestern Mutual Life Insurance Co., 6.17%, 5/29/2055 (n)

$

514,000

 

529,850

Sammons Financial Group, Inc., 6.875%, 4/15/2034 (n)

 

400,000

 

423,587

 

 

 

 

 

 

 

 

$

2,445,103

 

 

 

 

 

Insurance - Health – 0.1%

 

 

 

 

 

 

 

 

 

Bupa Finance PLC, 6.625%, 11/18/2045

GBP

130,000

$

168,155

Humana, Inc., 5.375%, 4/15/2031

$

233,000

 

236,183

Humana, Inc., 5.55%, 5/01/2035

 

541,000

 

537,549

UnitedHealth Group, Inc., 5.15%, 7/15/2034

 

552,000

 

558,590

 

 

 

 

 

 

 

 

$

1,500,477

 

 

 

 

 

Insurance - Property & Casualty – 0.3%

 

 

 

 

 

 

 

 

 

American International Group, Inc., 5.125%, 3/27/2033

$

382,000

$

386,347

Arthur J. Gallagher & Co., 6.5%, 2/15/2034

 

158,000

 

170,393

Arthur J. Gallagher & Co., 5.75%, 3/02/2053

 

322,000

 

307,158

Fairfax Financial Holdings Ltd., 4.25%, 12/06/2027

CAD

974,000

 

723,536

Fairfax Financial Holdings Ltd., 5.75%, 5/20/2035

$

305,000

 

312,224

Fairfax Financial Holdings Ltd., 6.35%, 3/22/2054

 

456,000

 

464,096

Liberty Mutual Group, Inc., 3.875%, 9/26/2035

EUR

620,000

 

709,096

Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055

$

461,000

 

429,794

Progressive Corp., 5.15%, 3/26/2036

 

383,000

 

382,054

 

 

 

 

 

 

 

 

$

3,884,698

 

 

 

 

 

International Market Quasi-Sovereign – 0.3%

 

 

 

 

 

 

 

 

 

Aena SME S.A. (Kingdom of Spain), 3.5%, 1/22/2036

EUR

300,000

$

341,220

Electricite de France S.A., 4.625%, 1/25/2043

 

200,000

 

230,870

NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)

$

390,000

 

401,899

Ontario Teachers’ Cadillac Fairview Properties, 2.5%, 10/15/2031 (n)

 

527,000

 

467,154

P3 Group S.à r.l. (Grand Duchy of Luxembourg), 3.75%, 4/02/2033

EUR

440,000

 

501,710

SPP-Distribucia A.S. (Republic of Slovakia), 1%, 6/09/2031

 

770,000

 

784,019

12

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

International Market Quasi-Sovereign – continued

 

 

 

 

 

 

 

 

 

Swisscom Finance B.V., 3.625%, 11/17/2037

EUR

810,000

$

919,693

 

 

 

 

 

 

 

 

$

3,646,565

 

 

 

 

 

International Market Sovereign – 8.7%

 

 

 

 

 

 

 

 

 

Commonwealth of Australia, 2.75%, 5/21/2041

AUD

4,592,000

$

2,447,803

Federal Republic of Germany, 2.4%, 4/18/2030

EUR

1,100,000

 

1,276,685

Federal Republic of Germany, 2.6%, 8/15/2035

 

515,000

 

584,953

Federal Republic of Germany, 2.5%, 8/15/2054

 

1,071,000

 

1,027,862

Government of Bermuda, 2.375%, 8/20/2030 (n)

$

418,000

 

380,021

Government of Bermuda, 5%, 7/15/2032 (n)

 

1,331,000

 

1,335,259

Government of Canada, 2.25%, 2/01/2028

CAD

6,636,000

 

4,829,499

Government of Canada, 2.25%, 2/01/2028

 

1,920,000

 

1,397,324

Government of Canada, 1.5%, 12/01/2031

 

17,185,000

 

11,518,954

Government of Canada, 2.75%, 12/01/2055

 

2,040,000

 

1,191,711

Government of Japan, 1.1%, 6/20/2043

JPY

971,850,000

 

4,473,471

Government of Japan, 0.4%, 3/20/2050

 

834,400,000

 

2,609,555

Government of Japan, 0.7%, 12/20/2051

 

655,150,000

 

2,113,989

Government of Japan, 2.4%, 3/20/2055

 

585,650,000

 

2,864,188

Government of New Zealand, 4.5%, 5/15/2030

NZD

4,492,000

 

2,695,815

Government of New Zealand, 1.5%, 5/15/2031

 

7,510,000

 

3,888,887

Government of New Zealand, 4.25%, 5/15/2036

 

1,031,000

 

585,212

Kingdom of Spain, 3.15%, 4/30/2035 (n)

EUR

2,048,000

 

2,355,956

Kingdom of Spain, 3.9%, 7/30/2039 (n)

 

5,967,000

 

7,112,653

Republic of France, 2.7%, 2/25/2031 (n)

 

4,365,000

 

5,033,422

Republic of France, 3.5%, 11/25/2035 (n)

 

4,500,000

 

5,202,732

Republic of France, 4.1%, 5/25/2046 (n)

 

2,205,000

 

2,531,821

Republic of France, 3.25%, 5/25/2055 (n)

 

3,140,000

 

2,963,215

Republic of Italy, 2.85%, 2/01/2031

 

2,046,000

 

2,363,809

Republic of Italy, 1.45%, 3/01/2036

 

4,306,000

 

4,082,939

Republic of Italy, 4.1%, 4/30/2046 (n)

 

4,992,000

 

5,642,968

Republic of Italy, 4.3%, 10/01/2054 (n)

 

1,240,000

 

1,398,458

United Kingdom Treasury, 4%, 10/22/2031

GBP

7,618,048

 

10,079,023

United Kingdom Treasury, 4.25%, 6/07/2032

 

1,349,000

 

1,802,679

United Kingdom Treasury, 4.5%, 3/07/2035

 

4,900,000

 

6,452,837

United Kingdom Treasury, 1.25%, 10/22/2041

 

5,654,000

 

4,360,096

United Kingdom Treasury, 1.5%, 7/22/2047

 

2,201,000

 

1,465,673

 

 

 

 

 

 

 

 

$

108,069,469

 

 

 

 

 

Local Authorities – 0.2%

 

 

 

 

 

 

 

 

 

Alliander N.V., 3.5%, 5/06/2037

EUR

400,000

$

452,431

Province of Alberta, 1.65%, 6/01/2031

CAD

459,000

 

310,671

Province of British Columbia, 2.95%, 6/18/2050

 

600,000

 

328,303

Province of Ontario, 3.25%, 7/03/2035

EUR

330,000

 

382,085

Province of Ontario, 4.45%, 11/20/2035

$

721,000

 

710,654

 

 

 

 

 

 

 

 

$

2,184,144

 

 

 

 

 

Media – 0.3%

 

 

 

 

 

 

 

 

 

Informa PLC, 3.375%, 6/09/2031

EUR

320,000

$

368,558

Informa PLC, 3.75%, 4/29/2032

 

240,000

 

279,487

NAVER Corp., 3.75%, 4/21/2033

 

400,000

 

466,937

News Corp., 3.875%, 5/15/2029 (n)

$

819,000

 

792,225

Omnicom Finance Holdings PLC, 3.85%, 5/02/2034

EUR

730,000

 

837,630

WMG Acquisition Corp., 3.75%, 12/01/2029 (n)

$

496,000

 

470,859

13

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

 

 

Media – continued

 

 

 

 

 

 

 

 

 

 

 

WMG Acquisition Corp., 3.875%, 7/15/2030 (n)

$

401,000

$

378,020

 

 

 

 

 

 

 

 

 

$

3,593,716

 

 

 

 

 

 

Medical & Health Technology & Services – 0.3%

 

 

 

 

 

 

 

 

 

 

Baxter International, Inc., 4.9%, 12/15/2030

$

142,000

$

140,533

Baxter International, Inc., 5.65%, 12/15/2035

 

180,000

 

 

176,815

Becton, Dickinson and Co., 4.874%, 2/08/2029

 

584,000

 

 

589,612

HCA, Inc., 4.9%, 11/15/2035

 

320,000

 

 

309,724

HCA, Inc., 5.7%, 11/15/2055

 

311,000

 

 

289,269

Memorial Sloan-Kettering Cancer Center, 2.955%, 1/01/2050

 

670,000

 

 

432,727

New York Society for Relief of Ruptured & Crippled Maintaining Hospital Special Surgery, 2.667%, 10/01/2050

 

545,000

 

 

327,921

ProMedica Toledo Hospital, “B”, AGM, 6.015%, 11/15/2048

 

319,000

 

 

309,974

Thermo Fisher Scientific, Inc., 4.473%, 10/07/2032

 

626,000

 

 

618,813

 

 

 

 

 

 

 

 

 

$

3,195,388

 

 

 

 

 

 

Medical Equipment – 0.2%

 

 

 

 

 

 

 

 

 

 

Abbott Laboratories, 4.65%, 3/15/2036

$

691,000

$

671,030

Danaher Corp., 3.25%, 4/29/2030

EUR

670,000

 

 

785,034

Stryker Corp., 5.2%, 2/10/2035

$

465,000

 

 

471,049

 

 

 

 

 

 

 

 

 

$

1,927,113

 

 

 

 

 

 

Metals & Mining – 0.1%

 

 

 

 

 

 

 

 

 

 

Glencore Finance (Canada) Ltd., 5.55%, 10/25/2042 (n)

$

38,000

$

36,442

Norsk Hydro ASA, 3.75%, 6/17/2033

EUR

170,000

 

 

199,433

Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n)

$

482,000

 

 

499,637

Rio Tinto Finance (USA) PLC, 5%, 3/14/2032

 

381,000

 

 

388,048

 

 

 

 

 

 

 

 

 

$

1,123,560

 

 

 

 

 

 

Midstream – 0.3%

 

 

 

 

 

 

 

 

 

 

Cheniere Energy Partners LP, 5.55%, 10/30/2035

$

501,000

$

511,343

Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n)

 

554,000

 

 

582,553

Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054

 

547,000

 

 

515,581

Energy Transfer LP, 5.95%, 5/15/2054

 

415,000

 

 

391,809

Pembina Pipeline Corp., 4.81%, 3/25/2044

CAD

474,000

 

 

328,602

Plains All American Pipeline LP, 5.7%, 9/15/2034

$

412,000

 

 

421,774

Plains All American Pipeline LP, 5.6%, 1/15/2036

 

237,000

 

 

237,403

Targa Resources Corp., 4.95%, 4/15/2052

 

622,000

 

 

523,275

 

 

 

 

 

 

 

 

 

$

3,512,340

 

 

 

 

 

 

Mortgage-Backed – 3.6%

 

 

 

 

 

 

 

 

 

 

Fannie Mae, 4.5%, 3/01/2034 - 2/01/2046

$

2,152,384

$

2,131,875

Fannie Mae, 5.5%, 1/01/2037

 

6,926

 

 

7,142

Fannie Mae, 6%, 9/01/2037 - 6/01/2038

 

75,332

 

 

78,730

Fannie Mae, 5%, 4/01/2040 - 8/01/2040

 

597,881

 

 

603,906

Fannie Mae, 4%, 11/01/2040 - 2/01/2041

 

652,907

 

 

625,603

Fannie Mae, 3.5%, 5/01/2043 - 12/01/2046

 

1,045,682

 

 

972,914

Fannie Mae, 2.5%, 2/25/2051 (i)

 

284,858

 

 

39,711

Fannie Mae, 4.545%, 12/25/2053

 

551,845

 

 

554,731

Fannie Mae, 4.595%, 1/25/2054

 

624,911

 

 

628,500

Fannie Mae, 5.045%, 12/25/2054

 

506,003

 

 

512,292

Fannie Mae, UMBS, 3%, 5/01/2037 - 6/01/2052

 

1,350,976

 

 

1,190,131

Fannie Mae, UMBS, 2%, 3/01/2042 - 3/01/2052

 

853,566

 

 

726,162

Fannie Mae, UMBS, 2.5%, 4/01/2042 - 6/01/2052

 

3,151,436

 

 

2,672,925

14

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Mortgage-Backed – continued

 

 

 

 

 

 

 

 

 

Fannie Mae, UMBS, 1.5%, 4/01/2052

$

890,930

$

682,866

Fannie Mae, UMBS, 3.5%, 5/01/2052

 

31,006

 

28,297

Fannie Mae, UMBS, 5.5%, 11/01/2052 - 9/01/2054

 

2,132,122

 

2,149,426

Fannie Mae, UMBS, 6%, 12/01/2052 - 11/01/2053

 

430,098

 

441,352

Fannie Mae, UMBS, 5%, 4/01/2053

 

400,148

 

396,207

Fannie Mae, UMBS, 4.5%, 10/01/2053

 

256,820

 

247,779

Freddie Mac, 1.487%, 3/25/2027 (i)

 

1,523,000

 

15,418

Freddie Mac, 0.733%, 1/25/2030 (i)

 

2,290,838

 

44,947

Freddie Mac, 1.913%, 4/25/2030 (i)

 

3,170,226

 

204,433

Freddie Mac, 1.955%, 4/25/2030 (i)

 

2,614,093

 

170,448

Freddie Mac, 1.769%, 5/25/2030 (i)

 

3,298,344

 

206,170

Freddie Mac, 1.908%, 5/25/2030 (i)

 

7,375,798

 

485,999

Freddie Mac, 1.435%, 6/25/2030 (i)

 

3,056,884

 

151,684

Freddie Mac, 1.701%, 8/25/2030 (i)

 

2,713,457

 

164,842

Freddie Mac, 1.261%, 9/25/2030 (i)

 

1,752,322

 

80,501

Freddie Mac, 1.17%, 11/25/2030 (i)

 

3,594,105

 

158,836

Freddie Mac, 0.408%, 1/25/2031 (i)

 

13,490,299

 

155,924

Freddie Mac, 0.604%, 3/25/2031 (i)

 

16,559,991

 

335,881

Freddie Mac, 1.039%, 7/25/2031 (i)

 

3,177,082

 

141,395

Freddie Mac, 0.632%, 9/25/2031 (i)

 

13,281,588

 

341,058

Freddie Mac, 0.954%, 9/25/2031 (i)

 

4,021,884

 

162,213

Freddie Mac, 0.664%, 12/25/2031 (i)

 

3,294,996

 

88,044

Freddie Mac, 1.092%, 9/25/2034 (i)

 

2,485,542

 

167,208

Freddie Mac, 5.5%, 7/01/2037

 

13,621

 

14,064

Freddie Mac, 4.5%, 12/01/2039 - 5/01/2042

 

658,600

 

653,487

Freddie Mac, 5%, 7/01/2041

 

221,721

 

225,079

Freddie Mac, 2.5%, 11/25/2050 (i)

 

913,145

 

150,524

Freddie Mac, 3%, 10/25/2052 (i)

 

277,609

 

44,730

Freddie Mac, 4.745%, 1/25/2054

 

363,819

 

367,088

Freddie Mac, 4.945%, 8/25/2054

 

922,661

 

932,726

Freddie Mac, 5.145%, 12/25/2054

 

1,208,849

 

1,225,186

Freddie Mac, 7.595%, 9/25/2055

 

355,286

 

368,578

Freddie Mac, 2.345%, 8/15/2057 (i)

 

366,787

 

46,177

Freddie Mac, UMBS, 3.5%, 1/01/2047

 

489,485

 

454,554

Freddie Mac, UMBS, 3%, 6/01/2050 - 5/01/2052

 

2,859,050

 

2,510,799

Freddie Mac, UMBS, 2.5%, 10/01/2051 - 9/01/2052

 

1,839,345

 

1,554,142

Freddie Mac, UMBS, 2%, 12/01/2051 - 3/01/2052

 

2,003,034

 

1,608,401

Freddie Mac, UMBS, 4%, 5/01/2052

 

108,934

 

103,193

Freddie Mac, UMBS, 4.5%, 9/01/2052 - 7/01/2053

 

609,643

 

588,457

Freddie Mac, UMBS, 5.5%, 10/01/2052

 

297,008

 

299,508

Freddie Mac, UMBS, 6%, 11/01/2052 - 2/01/2055

 

1,359,391

 

1,397,145

Freddie Mac, UMBS, 6.5%, 11/01/2053 - 11/01/2054

 

750,979

 

784,053

Ginnie Mae, 5%, 5/15/2040 - 4/20/2053

 

597,570

 

597,652

Ginnie Mae, 3.5%, 6/20/2043

 

366,201

 

344,027

Ginnie Mae, 2.5%, 8/20/2051 - 6/20/2052

 

1,869,526

 

1,602,937

Ginnie Mae, 3%, 10/20/2051 - 11/20/2052

 

1,890,334

 

1,685,719

Ginnie Mae, 2%, 1/20/2052 - 6/20/2052

 

744,491

 

612,799

Ginnie Mae, 4%, 7/20/2052 - 10/20/2052

 

1,121,968

 

1,058,400

Ginnie Mae, 4.5%, 9/20/2052 - 11/20/2052

 

1,105,279

 

1,074,190

Ginnie Mae, 5.5%, 2/20/2053 - 10/20/2053

 

487,932

 

494,789

Ginnie Mae, 4.89%, 8/20/2053

 

1,164,907

 

1,176,148

Ginnie Mae, 5.04%, 9/20/2053

 

639,948

 

648,071

Ginnie Mae, 4.74%, 11/20/2053

 

420,609

 

424,436

Ginnie Mae, 4.69%, 2/20/2054 - 10/20/2054

 

804,389

 

808,967

15

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

 

 

Mortgage-Backed – continued

 

 

 

 

 

 

 

 

 

 

 

Ginnie Mae, 7.59%, 5/20/2055

$

333,574

$

341,599

Ginnie Mae, 4.44%, 8/20/2065 - 2/20/2066

 

1,434,649

 

 

1,435,138

Ginnie Mae, 4.49%, 9/20/2065

 

702,992

 

 

706,047

Ginnie Mae, 4.158%, 8/20/2067

 

408,085

 

 

407,334

Ginnie Mae, TBA, 3.5%, 5/15/2056

 

400,000

 

 

361,516

UMBS, TBA, 2.5%, 5/25/2056

 

25,000

 

 

20,930

 

 

 

 

 

 

 

 

 

$

44,894,140

 

 

 

 

 

 

Municipals – 0.4%

 

 

 

 

 

 

 

 

 

 

Colorado Housing & Finance Authority Rev., Single Family Mortgage Class I, Taxable, “D-1”, GNMA, 5%, 11/01/2047

$

430,000

$

432,009

Connecticut Higher Education Supplemental Loan Authority, State Supported Rev., Taxable (CHESLA Loan Program), “C”,

 

 

 

 

 

4.668%, 11/15/2034

 

495,000

 

 

474,077

Iowa Student Loan Liquidity Corp. Rev., Taxable, “A”, 5.08%, 12/01/2039

 

265,000

 

 

256,312

Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, “A”, 2.641%, 7/01/2037

 

545,000

 

 

480,203

Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, “A”, 4.949%, 7/01/2038

 

1,405,000

 

 

1,354,693

Massachusetts Housing Finance Agency, Single Family Housing Rev., Taxable, “226”, 5.562%, 12/01/2052

 

915,000

 

 

934,297

Michigan Finance Authority, Hospital Rev., Taxable (Trinity Health Credit Group), 3.384%, 12/01/2040

 

405,000

 

 

337,510

New Hampshire National Finance Authority, Utility Refunding Rev., Taxable (Wheeling Power Co. Project), “A”,

 

 

 

 

 

6.89%, 4/01/2034

 

545,000

 

 

578,115

 

 

 

 

 

 

 

 

 

$

4,847,216

 

 

 

 

 

 

Natural Gas - Distribution – 0.1%

 

 

 

 

 

 

 

 

 

 

Boston Gas Co., 5.843%, 1/10/2035 (n)

$

599,000

$

627,063

ENGIE S.A., 3.25%, 1/11/2032

EUR

200,000

 

 

231,232

Vier Gas Transport GmbH, 3.375%, 11/11/2031

 

500,000

 

 

579,081

Vier Gas Transport GmbH, 3.625%, 9/08/2033

 

400,000

 

 

462,028

 

 

 

 

 

 

 

 

 

$

1,899,404

 

 

 

 

 

 

Network & Telecom – 0.1%

 

 

 

 

 

 

 

 

 

 

Koninklijke KPN N.V., 0.875%, 12/14/2032

EUR

400,000

$

394,158

NTT Finance Corp., 5.171%, 7/16/2032 (n)

$

728,000

 

 

735,626

NTT Finance Corp., 3.678%, 7/16/2033

EUR

230,000

 

 

268,332

 

 

 

 

 

 

 

 

 

$

1,398,116

 

 

 

 

 

 

Non-Global Systemically Important Banks – 1.0%

 

 

 

 

 

 

 

 

 

 

AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n)

$

750,000

$

783,637

AIB Group PLC, 5.871% to 3/28/2034, FLR (SOFR - 1 day + 1.91%) to 3/28/2035 (n)

 

438,000

 

 

454,103

Bank Hapoalim B.M., 4.722%, 7/14/2029 (n)

 

707,000

 

 

699,031

Bankinter S.A., 3.25%, 11/03/2033

EUR

400,000

 

 

456,826

BPCE S.A., 2.277% to 1/20/2031, FLR (SOFR - 1 day + 1.312%) to 1/20/2032 (n)

$

460,000

 

 

406,289

CaixaBank S.A., 3.375%, 6/26/2035

EUR

700,000

 

 

795,840

Ceska Sporitelna A.S., 3.657% to 2/11/2032, FLR (EURIBOR - 3mo. + 1.05%) to 2/11/2033

 

300,000

 

 

346,174

Commonwealth Bank of Australia, 2.688%, 3/11/2031 (n)

$

616,000

 

 

557,694

Crédit Agricole S.A., 3.875%, 2/16/2038

EUR

500,000

 

 

569,154

Danske Bank A.S., 1.549% to 6/09/2028, FLR (EUR ICE Swap Rate - 1yr. + 0.88%) to 9/10/2027 (n)

$

343,000

 

 

339,534

Danske Bank A.S., 4.613% to 10/02/2029, FLR (CMT - 1yr. + 1.1%) to 10/02/2030 (n)

 

368,000

 

 

366,744

Erste Group Bank AG, 3.75%, 4/21/2036

EUR

300,000

 

 

346,275

Lloyds Banking Group PLC, 5.625%, 9/16/2036

GBP

435,000

 

 

583,057

M&T Bank Corp., 6.082% to 3/13/2031, FLR (SOFR - 1 day + 2.26%) to 3/13/2032

$

416,000

 

 

435,972

Manufacturers and Traders Trust Co., 4.7%, 1/27/2028

 

400,000

 

 

402,341

mBank S.A., 4.034%, 9/27/2030

EUR

300,000

 

 

355,908

Nationwide Building Society, 4.351%, 9/30/2030 (n)

$

567,000

 

 

560,404

Nationwide Building Society, 3.854%, 2/03/2037

EUR

460,000

 

 

531,465

16

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Non-Global Systemically Important Banks – continued

 

 

 

 

 

 

 

 

 

NatWest Group PLC, 3.756% to 2/25/2036, FLR (EURIBOR - 3mo. + 1.076%) to 2/25/2037

EUR

330,000

$

379,372

NatWest Markets PLC, 3.125%, 1/13/2031

 

270,000

 

312,733

PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%) to 1/22/2035

$

590,000

 

608,144

PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%) to 1/29/2036

 

403,000

 

412,241

Powszechna Kasa Oszczednosci Bank Polski S.A., FLR, 3.75% (EURIBOR - 1mo. + 0.93%), 5/06/2030 (w)

EUR

400,000

 

469,793

SNB Funding Ltd., 6%, 6/24/2035

$

472,000

 

473,850

Svenska Handelsbanken AB, 3.5%, 4/29/2033

EUR

650,000

 

754,650

UniCredit S.p.A., 2.875%, 7/15/2030

 

270,000

 

312,117

 

 

 

 

 

 

 

 

$

12,713,348

 

 

 

 

 

Pharmaceuticals & Biotechnology – 0.2%

 

 

 

 

 

 

 

 

 

AbbVie, Inc., 4.4%, 3/15/2033

$

321,000

$

315,107

AbbVie, Inc., 5.35%, 3/15/2044

 

288,000

 

279,402

AbbVie, Inc., 5.4%, 3/15/2054

 

427,000

 

405,244

Eli Lilly & Co., 5.5%, 2/12/2055

 

587,000

 

571,405

Merck & Co., Inc., 4.75%, 12/04/2035

 

576,000

 

563,806

Roche Holdings, Inc., 5.489%, 11/13/2030 (n)

 

302,000

 

315,139

Roche Holdings, Inc., 5.593%, 11/13/2033 (n)

 

281,000

 

296,707

 

 

 

 

 

 

 

 

$

2,746,810

 

 

 

 

 

Railroads – 0.1%

 

 

 

 

 

 

 

 

 

Burlington Northern Santa Fe LLC, 5.5%, 3/15/2055

$

768,000

$

739,980

Union Pacific Corp., 3.25%, 2/05/2050

 

995,000

 

677,719

 

 

 

 

 

 

 

 

$

1,417,699

 

 

 

 

 

Real Estate - Other – 0.1%

 

 

 

 

 

 

 

 

 

Goodman Australia Finance Pty Ltd., 3.875%, 4/29/2033

EUR

607,000

$

706,536

 

 

 

 

 

Real Estate - Retail – 0.3%

 

 

 

 

 

 

 

 

 

Choice Properties, REIT, 5.03%, 2/28/2031

CAD

898,000

$

687,798

Hammerson PLC, 3.5%, 4/15/2032

EUR

580,000

 

660,117

Klepierre S.A., 3.75%, 9/30/2037

 

300,000

 

339,934

STORE Capital Corp., REIT, 2.7%, 12/01/2031

$

812,000

 

712,418

Unibail-Rodamco-Westfield SE, 3.875%, 4/21/2033

EUR

400,000

 

466,396

WEA Finance LLC, REIT, 2.875%, 1/15/2027 (n)

$

803,000

 

794,169

 

 

 

 

 

 

 

 

$

3,660,832

 

 

 

 

 

Real Estate - Storage & Office – 0.1%

 

 

 

 

 

 

 

 

 

Colonial SFL Socimi S.A., 3.875%, 4/08/2031

EUR

300,000

$

353,217

Cousins Properties, Inc., REIT, 5.875%, 10/01/2034

$

298,000

 

303,294

Highwoods Realty LP, 5.35%, 1/15/2033

 

635,000

 

628,970

 

 

 

 

 

 

 

 

$

1,285,481

 

 

 

 

 

Refining – 0.0%

 

 

 

 

 

 

 

 

 

Raizen Fuels Finance S.A., 6.45%, 3/05/2034 (a)(n)

$

606,000

$

330,270

 

 

 

 

 

Retail & E-commerce – 0.3%

 

 

 

 

 

 

 

 

 

Alimentation Couche-Tard, Inc., 3.901%, 4/21/2033

EUR

333,000

$

389,192

Amazon.com, Inc., 3.7%, 3/16/2035

 

390,000

 

454,736

Amazon.com, Inc., 4.05%, 3/16/2039

 

690,000

 

801,348

Amazon.com, Inc., 5.8%, 3/13/2056

$

737,000

 

725,385

DICK’S Sporting Goods, 4.1%, 1/15/2052

 

678,000

 

481,305

El Corte Inglés S.A., 3.5%, 7/24/2033

EUR

100,000

 

113,237

17

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

Retail & E-commerce – continued

 

 

 

 

 

 

 

 

 

Home Depot, Inc., 4.875%, 2/15/2044

$

281,000

$

256,255

Home Depot, Inc., 3.625%, 4/15/2052

 

324,000

 

231,746

 

 

 

 

 

 

 

 

$

3,453,204

 

 

 

 

 

Semiconductor & Electronic Components – 0.1%

 

 

 

 

 

 

 

 

 

Broadcom, Inc., 4.55%, 2/15/2032

$

254,000

$

252,424

Broadcom, Inc., 5.2%, 7/15/2035

 

298,000

 

300,571

Broadcom, Inc., 5.7%, 1/15/2056

 

335,000

 

333,040

Intel Corp., 5.7%, 2/10/2053

 

298,000

 

278,748

 

 

 

 

 

 

 

 

$

1,164,783

 

 

 

 

 

Software – 0.2%

 

 

 

 

 

 

 

 

 

Kaspi.kz JSC, 5.9%, 4/28/2031 (n)

$

482,000

$

480,371

Microsoft Corp., 2.921%, 3/17/2052

 

450,000

 

286,274

Oracle Corp., 4.95%, 2/04/2031

 

296,000

 

289,543

Oracle Corp., 5.35%, 5/04/2033

 

327,000

 

317,965

Oracle Corp., 5.7%, 2/04/2036

 

255,000

 

244,889

Oracle Corp., 4%, 7/15/2046

 

199,000

 

132,827

Sage Group PLC, 3.821%, 2/25/2033

EUR

130,000

 

149,421

Sage Group PLC, 2.875%, 2/08/2034

GBP

401,000

 

441,739

Salesforce, Inc., 4.9%, 9/15/2031

$

516,000

 

514,484

 

 

 

 

 

 

 

 

$

2,857,513

 

 

 

 

 

Supermarkets – 0.1%

 

 

 

 

 

 

 

 

 

Kroger Co., 5.5%, 9/15/2054

$

365,000

$

338,755

Tesco Corporate Treasury Services PLC, 5.125%, 5/22/2034

GBP

529,000

 

682,351

 

 

 

 

 

 

 

 

$

1,021,106

 

 

 

 

 

Supranational – 0.3%

 

 

 

 

 

 

 

 

 

African Development Bank, 5.875% to 8/07/2035, FLR (CMT - 5yr. + 1.653%) to 8/07/2174

$

424,000

$

414,373

European Union, 2.75%, 12/13/2032

EUR

2,740,000

 

3,145,359

 

 

 

 

 

 

 

 

$

3,559,732

 

 

 

 

 

Telecommunications - Wireless – 0.1%

 

 

 

 

 

 

 

 

 

America Movil B.V., 3%, 9/30/2030

EUR

400,000

$

462,069

SoftBank Group Corp., 3.936%, 6/30/2032

 

240,000

 

282,316

T-Mobile USA, Inc., 5.05%, 7/15/2033

$

311,000

 

312,440

T-Mobile USA, Inc., 5.75%, 1/15/2034

 

295,000

 

307,604

 

 

 

 

 

 

 

 

$

1,364,429

 

 

 

 

 

Telephone Services – 0.0%

 

 

 

 

 

 

 

 

 

TELUS Corp., 5.25%, 11/15/2032

CAD

814,000

$

630,352

 

 

 

 

 

Tobacco – 0.1%

 

 

 

 

 

 

 

 

 

B.A.T. International Finance PLC, 4.125%, 4/12/2032

EUR

322,000

$

382,694

Imperial Brands Finance PLC, 3.875%, 8/02/2033

 

390,000

 

447,315

Japan Tobacco, Inc., 5.25%, 6/15/2030 (n)

$

566,000

 

580,027

Philip Morris International, Inc., 4.75%, 11/01/2031

 

385,000

 

387,294

 

 

 

 

 

 

 

 

$

1,797,330

 

 

 

 

 

18

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

 

 

Transportation & Logistics – 0.3%

 

 

 

 

 

 

 

 

 

 

 

Autoroutes du Sud de la France S.A., 3.375%, 1/19/2034

EUR

400,000

$

459,595

Element Fleet Management Corp., 6.319%, 12/04/2028 (n)

$

300,000

 

 

312,743

Element Fleet Management Corp., 5.037%, 3/25/2030 (n)

 

381,000

 

 

385,045

ERAC USA Finance LLC, 5.25%, 4/30/2036 (n)

 

662,000

 

 

660,337

Ferrovial SE, 3.625%, 9/18/2032

EUR

420,000

 

 

488,853

Heathrow Funding Ltd., 5.625%, 2/05/2034

GBP

330,000

 

 

428,423

Heathrow Funding Ltd., 3.875%, 1/16/2036

EUR

590,000

 

 

673,618

Heathrow Funding Ltd., 5.875%, 5/13/2041

GBP

310,000

 

 

391,139

Transurban Finance Co. Pty Ltd., 4.033%, 11/26/2037

EUR

150,000

 

 

173,296

 

 

 

 

 

 

 

 

 

$

3,973,049

 

 

 

 

 

 

Travel, Gaming, & Lodging – 0.1%

 

 

 

 

 

 

 

 

 

 

Flutter Treasury DAC, 6.375%, 4/29/2029 (n)

$

289,000

$

293,229

Flutter Treasury DAC, 5.875%, 6/04/2031 (n)

 

500,000

 

 

498,130

Flutter Treasury DAC, 6.125%, 6/04/2031

GBP

290,000

 

 

388,616

Sands China Ltd., 4.375%, 6/18/2030

$

532,000

 

 

520,215

 

 

 

 

 

 

 

 

 

$

1,700,190

 

 

 

 

 

 

U.S. Government Agencies and Equivalents – 0.0%

 

 

 

 

 

 

 

 

 

 

Small Business Administration, 5.31%, 5/01/2027

$

5,215

$

5,212

 

 

 

 

 

 

U.S. Treasury Obligations – 3.6%

 

 

 

 

 

 

 

 

 

 

U.S. Treasury Bonds, 3.875%, 5/15/2043 (f)

$

10,650,000

$

9,361,184

U.S. Treasury Bonds, 4.625%, 11/15/2045

 

321,000

 

 

306,705

U.S. Treasury Bonds, 4.75%, 11/15/2053

 

4,298,000

 

 

4,127,087

U.S. Treasury Notes, 4%, 3/31/2030

 

14,738,000

 

 

14,751,817

U.S. Treasury Notes, 2.75%, 8/15/2032 (f)

 

10,823,000

 

 

9,981,681

U.S. Treasury Notes, 4.25%, 5/15/2035

 

6,670,000

 

 

6,620,236

 

 

 

 

 

 

 

 

 

$

45,148,710

 

 

 

 

 

 

Utilities – 1.1%

 

 

 

 

 

 

 

 

 

 

Adani Electricity Mumbai Ltd., 3.949%, 2/12/2030 (n)

$

642,000

$

604,463

AEP Texas, Inc., 5.7%, 5/15/2034

 

528,000

 

 

545,188

AEP Transmission Co. LLC, 5.375%, 6/15/2035

 

455,000

 

 

462,531

Berkshire Hathaway Energy Co., 5.15%, 11/15/2043

 

163,000

 

 

153,068

Berkshire Hathaway Energy Co., 4.6%, 5/01/2053

 

294,000

 

 

241,819

Bruce Power LP, 2.68%, 12/21/2028

CAD

387,000

 

 

278,543

Bruce Power LP, 4.27%, 12/21/2034

 

862,000

 

 

625,855

Duke Energy Florida LLC, 6.2%, 11/15/2053

$

646,000

 

 

675,517

E.ON International Finance B.V., 3.5%, 9/03/2035

EUR

400,000

 

 

457,534

E.ON International Finance B.V., 5.875%, 10/30/2037

GBP

500,000

 

 

658,930

Emera U.S. Finance LP, 2.639%, 6/15/2031

$

951,000

 

 

846,977

Enel Finance International N.V., 5.75%, 9/14/2040

GBP

310,000

 

 

394,686

Enel Finance International N.V., 4.75%, 5/25/2047 (n)

$

456,000

 

 

378,104

Eversource Energy, 5.5%, 1/01/2034

 

303,000

 

 

308,508

Florida Power & Light Co., 2.875%, 12/04/2051

 

665,000

 

 

413,969

Georgia Power Co., 4.95%, 5/17/2033

 

385,000

 

 

387,721

Hydro One, Inc., 4.25%, 1/04/2035

CAD

1,022,000

 

 

755,844

Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n)

$

441,000

 

 

396,250

Jersey Central Power & Light Co., 5.1%, 1/15/2035

 

154,000

 

 

153,469

National Grid North America, Inc., 3.917%, 6/03/2035

EUR

320,000

 

 

373,087

Northern States Power Co. of Minnesota, 5.05%, 5/15/2035

$

385,000

 

 

387,180

Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035

 

373,000

 

 

380,524

19

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

 

Shares/Par

 

 

Value ($)

Bonds – continued

 

 

 

 

 

 

 

 

 

 

 

Utilities – continued

 

 

 

 

 

 

 

 

 

 

 

Pacific Gas & Electric Co., 6.1%, 1/15/2029

$

159,000

$

164,312

Pacific Gas & Electric Co., 6.4%, 6/15/2033

 

113,000

 

 

120,224

PPL Electric Utilities Corp. 1st Mortgage, 5.25%, 5/15/2053

 

713,000

 

 

660,774

PSEG Power LLC, 5.2%, 5/15/2030 (n)

 

613,000

 

 

622,590

Terna Rete Elettrica Nazionale S.p.A., 3%, 7/22/2031

EUR

560,000

 

 

643,495

Vistra Operations Co. LLC, 4.7%, 1/31/2031 (n)

$

476,000

 

 

468,623

Vistra Operations Co. LLC, 5.35%, 1/31/2036 (n)

 

476,000

 

 

464,871

Xcel Energy, Inc., 5.5%, 3/15/2034

 

275,000

 

 

280,414

Xcel Energy, Inc., 5.6%, 4/15/2035

 

57,000

 

 

58,051

 

 

 

 

 

 

 

 

 

$

13,363,121

 

 

 

 

 

 

Utilities - Gas – 0.3%

 

 

 

 

 

 

 

 

 

 

APA Infrastructure Ltd., 5.125%, 9/16/2034 (n)

$

339,000

$

335,766

APA Infrastructure Ltd., 2.5%, 3/15/2036

GBP

910,000

 

 

910,690

APA Infrastructure Ltd., 5.75%, 9/16/2044 (n)

$

200,000

 

 

196,229

EP Infrastructure A.S., 4.125%, 2/27/2033

EUR

763,000

 

 

872,618

EP Infrastructure A.S., 4.375%, 1/29/2034

 

285,000

 

 

328,038

Spire, Inc., 4.6%, 9/01/2031

$

765,000

 

 

757,462

Spire, Inc., 6.25%, 6/01/2056

 

599,000

 

 

596,948

 

 

 

 

 

 

 

 

 

$

3,997,751

 

 

 

 

 

 

Utilities - Other – 0.0%

 

 

 

 

 

 

 

 

 

 

Severn Trent Utilities Finance PLC, 3.875%, 8/04/2035

EUR

490,000

$

567,313

 

 

 

 

 

Total Bonds (Identified Cost, $462,944,323)

 

 

$

459,736,747

 

 

 

 

 

 

Preferred Stocks – 0.8%

 

 

 

 

 

 

 

 

 

 

 

Consumer Products – 0.6%

 

 

 

 

 

 

 

 

 

 

Henkel AG & Co. KGaA

 

98,750

$

7,197,262

 

 

 

 

 

 

Hardware, Peripherals, & Assembly – 0.2%

 

 

 

 

 

 

 

 

 

 

Samsung Electronics Co. Ltd.

 

27,352

$

2,981,073

 

 

 

 

 

Total Preferred Stocks (Identified Cost, $6,528,038)

 

 

$

10,178,335

 

 

 

 

 

 

Convertible Preferred Stocks – 0.6%

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense – 0.1%

 

 

 

 

 

 

 

 

 

 

Boeing Co., 6%, 10/15/2027

 

19,715

$

1,423,423

 

 

 

 

 

 

Utilities – 0.5%

 

 

 

 

 

 

 

 

 

 

NextEra Energy, Inc., 7.234%, 11/01/2027

 

64,080

$

3,451,989

PG&E Corp., 6%, 12/01/2027

 

50,013

 

 

2,103,547

 

 

 

 

 

 

 

 

 

$

5,555,536

 

 

 

 

 

Total Convertible Preferred Stocks (Identified Cost, $6,209,535)

 

 

$

6,978,959

 

 

 

 

 

 

Convertible Bonds – 0.0%

 

 

 

 

 

 

 

 

 

 

 

Utilities – 0.0%

 

 

 

 

 

 

 

 

 

 

PG&E Corp., 4.25%, 12/01/2027 (Identified Cost, $594,000)

$

594,000

$

608,553

 

 

 

 

 

 

20

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Issuer

Shares/Par

 

Value ($)

Mutual Funds (h) – 2.2%

 

 

 

 

 

 

 

Money Market Funds – 2.2%

 

 

 

 

 

 

 

MFS Institutional Money Market Portfolio, 3.7% (v) (Identified Cost, $26,851,533)

26,850,738

$

26,853,423

 

 

 

 

Collateral for Securities Loaned – 1.1%

 

 

 

 

 

 

 

JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.6% (j) (Identified Cost, $13,756,128)

13,756,128

$

13,756,128

 

 

 

 

Other Assets, Less Liabilities – (1.2)%

 

 

(14,907,259)

 

 

 

 

Net Assets – 100.0%

 

$

1,242,566,076

 

 

 

 

(a) Non-income producing security.

(f)All or a portion of the security has been segregated as collateral for open futures contracts and cleared swap agreements.

(h)An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund’s investments in affiliated issuers and in unaffiliated issuers were $26,853,423 and $1,230,619,912, respectively.

(i)Interest only security for which the fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security.

(j)The rate quoted is the annualized seven-day yield of the fund at period end.

(l)A portion of this security is on loan. See Note 2 for additional information.

(n)Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $92,227,102, representing 7.4% of net assets.

(u)The security was valued using significant unobservable inputs and is considered level 3 under the fair value hierarchy. For further information about the fund’s level 3 holdings, please see Note 2 in the Notes to Financial Statements.

(v)Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

(w)When-issued security.

The following abbreviations are used in this report and are defined:

ADR

American Depositary Receipt

AGM

Assured Guaranty Municipal

BBSW

Bank Bill Swap Reference Rate

CFRR

China Fixing Repo Rate

CLO

Collateralized Loan Obligation

CMT

Constant Maturity Treasury

EURIBOR

Euro Interbank Offered Rate

FLR

Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate

 

reported may not be the current rate. All reference rates are USD unless otherwise noted.

GDR

Global Depositary Receipt

GNMA

Government National Mortgage Assn.

ICE

Intercontinental Exchange

REIT

Real Estate Investment Trust

SOFR

Secured Overnight Financing Rate

TBA

To Be Announced

UMBS

Uniform Mortgage-Backed Security

Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below:

AUD

Australian Dollar

CAD

Canadian Dollar

CHF

Swiss Franc

CLP

Chilean Peso

CNH

Chinese Yuan Renminbi (Offshore)

CNY

China Yuan Renminbi

CZK

Czech Koruna

DKK

Danish Krone

EUR

Euro

GBP

British Pound

21

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

HUF

Hungarian Forint

IDR

Indonesian Rupiah

ILS

Israeli Shekel

JPY

Japanese Yen

KRW

South Korean Won

MXN

Mexican Peso

MYR

Malaysian Ringgit

NOK

Norwegian Krone

NZD

New Zealand Dollar

PEN

Peruvian Nuevo Sol

PLN

Polish Zloty

RON

Romanian New Leu

SEK

Swedish Krona

SGD

Singapore Dollar

THB

Thai Baht

UYU

Uruguayan Peso

Derivative Contracts at 4/30/26

Forward Foreign Currency Exchange Contracts

 

 

 

 

 

 

Unrealized

 

Currency

 

Currency

 

Settlement

Appreciation

 

Purchased

 

Sold

Counterparty

Date

(Depreciation)

Asset Derivatives

 

 

 

 

 

 

 

AUD

1,870,240

USD

1,321,660

HSBC Bank

7/17/2026

$

22,854

AUD

4,142,764

USD

2,913,716

State Street Corp.

7/17/2026

 

 

64,515

CAD

259,731

USD

190,991

State Street Corp.

7/17/2026

 

 

834

CLP

1,656,077,000

USD

1,810,144

Barclays Bank PLC

5/15/2026

 

 

30,360

CLP

404,222,000

USD

442,498

Citibank N.A.

5/15/2026

 

 

6,740

CZK

2,013,234

USD

96,669

Deutsche Bank AG

7/17/2026

 

 

316

DKK

5,876,944

USD

924,843

State Street Corp.

7/17/2026

 

 

2,003

EUR

973,503

USD

1,143,491

Citibank N.A.

7/17/2026

 

 

2,925

EUR

6,736,596

USD

7,921,423

HSBC Bank

7/17/2026

 

 

11,718

EUR

824,671

USD

970,834

JPMorgan Chase Bank N.A.

7/17/2026

 

 

314

EUR

779,949

USD

916,063

State Street Corp.

7/17/2026

 

 

2,420

GBP

1,991,809

USD

2,704,196

JPMorgan Chase Bank N.A.

7/17/2026

 

 

5,483

GBP

258,435

USD

350,553

State Street Corp.

7/17/2026

 

 

1,025

ILS

2,693,926

USD

881,755

HSBC Bank

7/17/2026

 

 

32,737

JPY

3,733,763,555

USD

23,703,237

HSBC Bank

7/17/2026

 

 

296,607

JPY

662,370,747

USD

4,201,103

State Street Corp.

7/17/2026

 

 

56,477

MYR

8,145,853

USD

2,054,180

Barclays Bank PLC

7/15/2026

 

 

1,011

NOK

27,257,209

USD

2,890,548

HSBC Bank

7/17/2026

 

 

48,546

NZD

317,324

USD

185,587

State Street Corp.

7/17/2026

 

 

2,328

PLN

5,501,924

USD

1,514,349

State Street Corp.

7/17/2026

 

 

3,207

USD

179,621

CLP

155,283,731

Citibank N.A.

5/15/2026

 

 

7,044

USD

1,865,414

CZK

38,392,096

Merrill Lynch International

7/17/2026

 

 

15,921

USD

2,804,586

EUR

2,369,833

HSBC Bank

7/17/2026

 

 

13,826

USD

2,860,375

EUR

2,414,784

JPMorgan Chase Bank N.A.

7/17/2026

 

 

16,682

USD

697,161

EUR

589,137

State Street Corp.

7/17/2026

 

 

3,382

USD

946,757

EUR

800,000

UBS AG

7/17/2026

 

 

4,662

USD

597,382

IDR

10,327,483,134

Citibank N.A.

7/28/2026

 

 

3,355

USD

6,922,010

KRW

10,180,891,913

Barclays Bank PLC

7/15/2026

 

 

43,351

USD

6,823,006

KRW

10,045,542,334

Citibank N.A.

7/15/2026

 

 

35,795

USD

437,933

KRW

638,301,321

Goldman Sachs International

7/15/2026

 

 

6,668

USD

3,721,905

MXN

64,877,647

State Street Corp.

7/17/2026

 

 

31,465

USD

603,047

NZD

1,017,372

HSBC Bank

7/17/2026

 

 

573

USD

965,287

PEN

3,326,764

Citibank N.A.

7/22/2026

 

 

21,112

USD

6,180,336

THB

198,020,814

Barclays Bank PLC

7/17/2026

 

 

80,370

 

 

 

 

 

 

 

$

876,626

22

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

Forward Foreign Currency Exchange Contracts - continued

 

 

 

 

 

 

 

 

 

 

Unrealized

 

Currency

 

Currency

 

 

 

 

Settlement

Appreciation

 

Purchased

 

Sold

 

Counterparty

 

Date

(Depreciation)

Liability Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

CHF

2,214,615

USD

2,868,597

State Street Corp.

 

 

7/17/2026

$ (11,015)

CLP

1,067,118,867

USD

1,220,680

Citibank N.A.

 

 

 

5/15/2026

(34,723)

CNH

126,547,555

USD

18,703,521

State Street Corp.

 

 

7/17/2026

(79,984)

CZK

12,820,005

USD

619,743

Citibank N.A.

 

 

 

7/17/2026

(2,155)

CZK

6,676,212

USD

324,143

Merrill Lynch International

 

 

7/17/2026

(2,525)

EUR

10,092,109

USD

11,956,141

Barclays Bank PLC

 

 

7/17/2026

(71,483)

EUR

245,597

USD

290,674

HSBC Bank

 

 

 

7/17/2026

(1,454)

EUR

3,514,609

USD

4,170,631

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(31,761)

EUR

796,704

USD

944,029

State Street Corp.

 

 

7/17/2026

(5,815)

HUF

120,482,174

USD

388,458

Merrill Lynch International

 

 

7/17/2026

(1,903)

KRW

2,265,574,642

USD

1,539,982

Citibank N.A.

 

 

 

7/15/2026

(9,260)

MXN

21,944,878

USD

1,248,964

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(672)

NZD

2,047,673

USD

1,215,682

State Street Corp.

 

 

7/17/2026

(3,076)

RON

2,511,859

USD

575,313

Barclays Bank PLC

 

 

7/17/2026

(10,841)

SEK

16,577,799

USD

1,818,675

State Street Corp.

 

 

7/17/2026

(16,097)

SGD

4,346,137

USD

3,433,157

State Street Corp.

 

 

7/17/2026

(237)

THB

38,546,025

USD

1,206,388

Barclays Bank PLC

 

 

7/17/2026

(18,990)

THB

101,965,305

USD

3,192,901

Chase Manhattan Bank

 

 

7/17/2026

(51,894)

USD

239,337

AUD

335,280

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(1,696)

USD

88,210

AUD

125,368

State Street Corp.

 

 

7/17/2026

(1,917)

USD

8,629,282

CAD

11,836,226

Merrill Lynch International

 

 

7/17/2026

(112,387)

USD

2,252,875

CAD

3,054,542

State Street Corp.

 

 

7/17/2026

(3,063)

USD

1,760,196

CLP

1,613,454,762

Citibank N.A.

 

 

 

5/15/2026

(32,939)

USD

2,070,914

EUR

1,762,084

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(4,149)

USD

2,444,772

EUR

2,080,557

Merrill Lynch International

 

 

7/17/2026

(5,332)

USD

4,352,202

EUR

3,702,924

State Street Corp.

 

 

7/17/2026

(8,432)

USD

468,874

EUR

400,000

UBS AG

 

 

 

7/17/2026

(2,173)

USD

6,885,419

GBP

5,078,974

Barclays Bank PLC

 

 

7/17/2026

(24,073)

USD

821,234

GBP

610,583

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(9,409)

USD

8,784,136

GBP

6,476,185

Merrill Lynch International

 

 

7/17/2026

(26,137)

USD

1,987,597

GBP

1,464,644

State Street Corp.

 

 

7/17/2026

(4,920)

USD

1,702,320

JPY

269,376,581

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(29,175)

USD

7,226,884

NZD

12,358,069

JPMorgan Chase Bank N.A.

 

 

7/17/2026

(91,403)

USD

93,918

NZD

160,733

State Street Corp.

 

 

7/17/2026

 

(1,267)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$(712,357)

Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value/Unrealized

 

 

 

 

Long/

 

 

Notional

Expiration

Appreciation

Description

 

 

Short

Currency

Contracts

Amount

Date

(Depreciation)

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Futures

 

 

 

 

 

 

 

 

 

 

 

 

Australian Bond 10 yr

 

 

Short

AUD

25

$1,927,000

June – 2026

$13,829

 

 

Euro-Bund 10 yr

 

 

Short

EUR

142

20,892,285

June – 2026

392,449

 

 

Euro-Buxl 30 yr

 

 

Short

EUR

33

4,220,844

June – 2026

94,281

 

 

Long Gilt 10 yr

 

 

Short

GBP

23

2,710,029

June – 2026

180,691

 

 

U.S. Treasury Ultra Bond 30 yr

 

 

Short

USD

7

805,219

June – 2026

15,765

 

 

U.S. Treasury Ultra Note 10 yr

 

 

Short

USD

214

24,151,906

June – 2026

 

494,203

 

 

 

 

 

 

 

 

 

 

 

 

$1,191,218

 

 

23

MFS Global Total Return Fund

Portfolio of Investments (unaudited) – continued

 

 

 

 

 

 

Value/Unrealized

 

Long/

 

 

Notional

Expiration

Appreciation

Description

Short

Currency

Contracts

Amount

Date

(Depreciation)

 

 

 

 

 

 

 

 

 

Liability Derivatives

 

 

 

 

 

 

 

 

Interest Rate Futures

 

 

 

 

 

 

 

 

Canadian Treasury Bond 10 yr

Long

CAD

77

$6,753,053

June – 2026

$(43,744)

Canadian Treasury Bond 5 yr

Long

CAD

31

2,575,897

June – 2026

(3,447)

Euro-Bobl 5 yr

Long

EUR

107

14,498,274

June – 2026

(90,311)

Euro-Schatz 2 yr

Long

EUR

312

38,723,408

June – 2026

(138,768)

U.S. Treasury Bond 30 yr

Long

USD

14

1,579,813

June – 2026

(65,559)

U.S. Treasury Note 10 yr

Long

USD

46

5,087,313

June – 2026

(128,560)

U.S. Treasury Note 2 yr

Long

USD

149

30,861,625

June – 2026

(161,878)

U.S. Treasury Note 5 yr

Long

USD

103

11,107,102

June – 2026

 

(91,296)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$(723,563)

 

 

 

 

 

 

 

 

 

Cleared Swap Agreements

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized

 

 

 

 

 

 

 

Cash Flows

Cash Flows

Unrealized

Upfront

 

 

 

Maturity

 

Notional

 

to Receive/

to Pay/

Appreciation

Payments

 

 

 

Date

 

Amount

Counterparty

Frequency

Frequency

(Depreciation)

(Receipts)

 

Value

Asset Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Swaps

 

 

 

 

 

 

 

 

 

 

 

 

11/18/29

CNY

38,000,000

centrally cleared

1.6445% / Quarterly

CFRR / Quarterly

$30,032

 

$—

$30,032

11/26/30

CNY

21,400,000

centrally cleared

1.5772% / Quarterly

CFRR / Quarterly

 

6,716

 

—

6,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$36,748

 

 

$—

$36,748

Liability Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Swaps

 

 

 

 

 

 

 

 

 

 

 

 

12/13/29

CNY

50,200,000

centrally cleared

1.49% / Quarterly

CFRR / Quarterly

 

$(2,648)

$69

$(2,579)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At April 30, 2026, the fund had cash collateral of $290,000 and other liquid securities collateral with an aggregate value of $1,532,414 to cover any collateral or margin obligations for certain derivative contracts. Cash collateral posted and/or cash pledged in the Statement of Assets and Liabilities are comprised of cash collateral.

See Notes to Financial Statements

24

MFS Global Total Return Fund

FINANCIAL STATEMENTS STATEMENT OF ASSETS AND LIABILITIES

This statement represents your fund’s balance sheet, which details the assets and liabilities comprising the total value of the fund.

At 4/30/26 (unaudited)

Assets

Investments in unaffiliated issuers, at value, including $17,024,120 of securities on loan (identified cost, $980,201,166)

 

$1,230,619,912

Investments in affiliated issuers, at value (identified cost, $26,851,533)

 

 

26,853,423

Foreign currency, at value (identified cost, $495,794)

 

 

495,810

Cash collateral posted for

 

 

 

Forward foreign currency exchange contracts

 

 

290,000

Receivables for

 

 

 

Forward foreign currency exchange contracts

 

 

876,626

Investments sold

 

 

1,297,506

Fund shares sold

 

 

329,651

Interest and dividends

 

 

8,766,854

Receivable from investment adviser

 

 

57,880

Other assets

 

 

49,642

Total assets

 

 

$1,269,637,304

Liabilities

 

 

 

Payable to custodian

 

 

$284

Payables for

 

 

 

Net daily variation margin on open cleared swap agreements

 

 

3,402

Forward foreign currency exchange contracts

 

 

712,357

Net daily variation margin on open futures contracts

 

 

5,803

Investments purchased

 

 

7,712,683

When-issued investments purchased

 

 

2,933,253

TBA purchase commitments

 

 

386,974

Fund shares reacquired

 

 

1,107,431

Collateral for securities loaned, at value (c)

 

 

13,756,128

Payable to affiliates

 

 

 

Administrative services fee

 

 

969

Shareholder servicing costs

 

 

277,082

Distribution and service fees

 

 

10,349

Payable for independent Trustees’ compensation

 

 

4,304

Accrued expenses and other liabilities

 

 

160,209

Total liabilities

 

 

$27,071,228

Net assets

 

 

$1,242,566,076

Net assets consist of

 

 

 

Paid-in capital

 

 

$936,062,455

Total distributable earnings (loss)

 

 

306,503,621

Net assets

 

 

$1,242,566,076

Shares of beneficial interest outstanding

 

 

69,352,900

(c) Non-cash collateral is not included.

 

 

 

 

 

Shares

Net asset value

 

Net assets

outstanding

per share (a)

Class A

$636,470,617

35,246,836

$18.06

Class B

840,701

45,302

18.56

Class C

23,189,327

1,281,697

18.09

Class I

359,541,673

20,254,512

17.75

Class R1

3,200,082

178,935

17.88

Class R2

2,969,671

167,470

17.73

Class R3

10,545,949

586,835

17.97

Class R4

2,109,324

116,548

18.10

Class R6

203,698,732

11,474,765

17.75

See Notes to Financial Statements

25

MFS Global Total Return Fund

Statement of Assets and Liabilities - continued

(a)Maximum offering price per share was equal to the net asset value per share for all share classes, except for Class A, for which the maximum offering price per share was $19.16 [100 / 94.25 x $18.06]. On sales of $50,000 or more, the maximum offering price of Class A shares is reduced. A contingent deferred sales charge may be imposed on redemptions of Class A, Class B, and Class C shares. Redemption price per share was equal to the net asset value per share for Classes I, R1, R2, R3, R4, and R6.

See Notes to Financial Statements

26

MFS Global Total Return Fund

FINANCIAL STATEMENTS STATEMENT OF OPERATIONS

This statement describes how much your fund earned in investment income and accrued in expenses. It also describes any gains and/or losses generated by fund operations.

Six months ended 4/30/26 (unaudited)

Net investment income (loss)

Income

 

 

Dividends from unaffiliated issuers

$11,212,779

 

Interest

9,539,901

 

Dividends from affiliated issuers

392,985

 

Income on securities loaned

22,374

 

Foreign taxes withheld

(492,680)

Total investment income

$20,675,359

 

Expenses

 

 

Management fee

$4,804,414

 

Distribution and service fees

952,952

 

Shareholder servicing costs

552,471

 

Administrative services fee

86,531

 

Independent Trustees’ compensation

13,021

 

Custodian fee

112,245

 

Shareholder communications

37,907

 

Audit and tax fees

51,154

 

Legal fees

3,071

 

Miscellaneous

117,158

 

Total expenses

$6,730,924

 

Fees paid indirectly

(1,679)

Reduction of expenses by investment adviser and distributor

(662,577)

Net expenses

$6,066,668

 

Net investment income (loss)

$14,608,691

 

Realized and unrealized gain (loss)

 

 

Realized gain (loss) (identified cost basis)

 

 

Unaffiliated issuers (includes $44,626 foreign capital gains tax)

$62,246,383

 

Affiliated issuers

(1,516)

Written options

107,844

 

Futures contracts

(338,848)

Swap agreements

143,472

 

Forward foreign currency exchange contracts

474,974

 

Foreign currency

(27,281)

Net realized gain (loss)

$62,605,028

 

Change in unrealized appreciation or depreciation

 

 

Unaffiliated issuers (includes $41,017 decrease in deferred foreign capital gains tax)

$14,921,413

 

Affiliated issuers

(991)

Written options

(29,452)

Futures contracts

712,227

 

Swap agreements

28,516

 

Forward foreign currency exchange contracts

460,635

 

Translation of assets and liabilities in foreign currencies

122,830

 

Net unrealized gain (loss)

$16,215,178

 

Net realized and unrealized gain (loss)

$78,820,206

 

Change in net assets from operations

$93,428,897

 

See Notes to Financial Statements

27

MFS Global Total Return Fund

FINANCIAL STATEMENTS STATEMENTS OF CHANGES IN NET ASSETS

These statements describe the increases and/or decreases in net assets resulting from operations, any distributions, and any shareholder transactions.

 

Six months ended

Year ended

 

4/30/26

10/31/25

 

(unaudited)

 

 

 

Change in net assets

 

 

 

 

From operations

 

 

 

 

Net investment income (loss)

$14,608,691

$31,160,234

 

Net realized gain (loss)

62,605,028

73,343,550

 

Net unrealized gain (loss)

16,215,178

7,348,630

 

Change in net assets from operations

$93,428,897

$111,852,414

 

Total distributions to shareholders

$(88,751,460)

$(111,960,890)

 

 

 

 

Change in net assets from fund share transactions

$(3,984,572)

$(67,405,102)

 

 

 

 

Total change in net assets

$692,865

$(67,513,578)

Net assets

 

 

 

 

At beginning of period

1,241,873,211

1,309,386,789

 

At end of period

$1,242,566,076

$1,241,873,211

 

See Notes to Financial Statements

28

MFS Global Total Return Fund

FINANCIAL STATEMENTS FINANCIAL HIGHLIGHTS

The financial highlights table is intended to help you understand the fund’s financial performance for the semiannual period and the past 5 fiscal years. Certain information reflects financial results for a single fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the fund share class (assuming reinvestment of all distributions) held for the entire period.

Class A

Six months

 

 

Year ended

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

 

(unaudited)

 

 

 

 

 

 

Net asset value, beginning of period

$18.01

 

$17.98

$15.63

$15.57

$19.98

$17.90

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.20

 

$0.42

$0.41

$0.38

$0.27

$0.24

 

Net realized and unrealized gain (loss)

1.13

 

1.15

2.59

0.26

(2.96)

3.22

 

Total from investment operations

$1.33

 

$1.57

$3.00

$0.64

$(2.69)

$3.46

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

From net investment income

$(0.32)

 

$(0.46)

$(0.33)

$(0.16)

$(0.09)

$(0.35)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.28)

 

$(1.54)

$(0.65)

$(0.58)

$(1.72)

$(1.38)

Net asset value, end of period (x)

$18.06

 

$18.01

$17.98

$15.63

$15.57

$19.98

 

Total return (%) (r)(s)(t)(x)

7.73(n)

9.43

19.45

4.06

(14.80)

19.88

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

1.20(a)

1.20

1.19

1.21

1.18

1.16

 

Expenses after expense reductions (f)

1.09(a)

1.09

1.09

1.11

1.09

1.09

 

Net investment income (loss)

2.25(a)

2.39

2.37

2.32

1.59

1.24

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$636,471

 

$623,288

$639,188

$594,255

$626,577

$810,477

 

See Notes to Financial Statements

29

MFS Global Total Return Fund

Financial Highlights - continued

Class B

Six months

 

 

Year ended

 

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

(unaudited)

 

 

 

 

 

 

 

Net asset value, beginning of period

$18.45

 

$18.37

$15.93

$15.89

$20.45

$18.29

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.13

 

$0.29

$0.28

$0.26

$0.14

$0.10

 

Net realized and unrealized gain (loss)

1.17

 

1.17

2.65

0.27

(3.03)

3.29

 

Total from investment operations

$1.30

 

$1.46

$2.93

$0.53

$(2.89)

$3.39

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

 

From net investment income

$(0.23)

 

$(0.30)

$(0.17)

$(0.07)

$(0.04)

$(0.20)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.19)

 

$(1.38)

$(0.49)

$(0.49)

$(1.67)

$(1.23)

Net asset value, end of period (x)

$18.56

 

$18.45

$18.37

$15.93

$15.89

$20.45

 

Total return (%) (r)(s)(t)(x)

7.36(n)

8.55

18.64

3.25

(15.43)

18.96

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

1.95(a)

1.95

1.94

1.95

1.93

1.91

 

Expenses after expense reductions (f)

1.84(a)

1.84

1.83

1.85

1.84

1.84

 

Net investment income (loss)

1.43(a)

1.62

1.61

1.53

0.80

0.49

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$841

 

$1,671

$3,532

$6,176

$9,966

$17,638

 

Class C

Six months

 

 

Year ended

 

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

(unaudited)

 

 

 

 

 

 

 

Net asset value, beginning of period

$18.04

 

$18.00

$15.63

$15.61

$20.12

$18.01

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.13

 

$0.28

$0.28

$0.25

$0.14

$0.10

 

Net realized and unrealized gain (loss)

1.13

 

1.16

2.59

0.26

(2.98)

3.24

 

Total from investment operations

$1.26

 

$1.44

$2.87

$0.51

$(2.84)

$3.34

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

 

From net investment income

$(0.25)

 

$(0.32)

$(0.18)

$(0.07)

$(0.04)

$(0.20)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.21)

 

$(1.40)

$(0.50)

$(0.49)

$(1.67)

$(1.23)

Net asset value, end of period (x)

$18.09

 

$18.04

$18.00

$15.63

$15.61

$20.12

 

Total return (%) (r)(s)(t)(x)

7.29(n)

8.61

18.60

3.21

(15.43)

19.00

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

1.95(a)

1.95

1.94

1.95

1.93

1.91

 

Expenses after expense reductions (f)

1.84(a)

1.84

1.83

1.85

1.84

1.84

 

Net investment income (loss)

1.49(a)

1.64

1.62

1.55

0.81

0.49

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$23,189

 

$25,262

$31,918

$46,526

$67,989

$116,520

 

See Notes to Financial Statements

30

MFS Global Total Return Fund

Financial Highlights - continued

Class I

Six months

 

 

Year ended

 

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

(unaudited)

 

 

 

 

 

 

 

Net asset value, beginning of period

$17.73

 

$17.73

$15.41

$15.37

$19.75

$17.70

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.22

 

$0.45

$0.45

$0.42

$0.31

$0.29

 

Net realized and unrealized gain (loss)

1.10

 

1.13

2.56

0.24

(2.93)

3.19

 

Total from investment operations

$1.32

 

$1.58

$3.01

$0.66

$(2.62)

$3.48

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

 

From net investment income

$(0.34)

 

$(0.50)

$(0.37)

$(0.20)

$(0.13)

$(0.40)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.30)

 

$(1.58)

$(0.69)

$(0.62)

$(1.76)

$(1.43)

Net asset value, end of period (x)

$17.75

 

$17.73

$17.73

$15.41

$15.37

$19.75

 

Total return (%) (r)(s)(t)(x)

7.82(n)

9.68

19.84

4.24

(14.59)

20.23

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

0.95(a)

0.95

0.94

0.96

0.93

0.91

 

Expenses after expense reductions (f)

0.84(a)

0.84

0.84

0.86

0.84

0.84

 

Net investment income (loss)

2.50(a)

2.64

2.62

2.56

1.83

1.49

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$359,542

 

$360,402

$383,645

$346,647

$420,715

$597,469

Class R1

Six months

 

 

Year ended

 

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

(unaudited)

 

 

 

 

 

 

 

Net asset value, beginning of period

$17.85

 

$17.84

$15.51

$15.49

$19.98

$17.90

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.13

 

$0.28

$0.28

$0.26

$0.15

$0.10

 

Net realized and unrealized gain (loss)

1.11

 

1.14

2.57

0.26

(2.97)

3.22

 

Total from investment operations

$1.24

 

$1.42

$2.85

$0.52

$(2.82)

$3.32

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

 

From net investment income

$(0.25)

 

$(0.33)

$(0.20)

$(0.08)

$(0.04)

$(0.21)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.21)

 

$(1.41)

$(0.52)

$(0.50)

$(1.67)

$(1.24)

Net asset value, end of period (x)

$17.88

 

$17.85

$17.84

$15.51

$15.49

$19.98

 

Total return (%) (r)(s)(t)(x)

7.27(n)

8.59

18.59

3.28

(15.43)

18.99

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

1.95(a)

1.95

1.94

1.96

1.93

1.91

 

Expenses after expense reductions (f)

1.84(a)

1.84

1.84

1.86

1.84

1.84

 

Net investment income (loss)

1.50(a)

1.64

1.63

1.57

0.87

0.49

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$3,200

 

$2,956

$2,688

$2,347

$2,218

$2,432

 

See Notes to Financial Statements

31

MFS Global Total Return Fund

Financial Highlights - continued

Class R2

Six months

 

 

Year ended

 

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

(unaudited)

 

 

 

 

 

 

 

Net asset value, beginning of period

$17.71

 

$17.70

$15.39

$15.36

$19.76

$17.71

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.17

 

$0.36

$0.36

$0.33

$0.23

$0.19

 

Net realized and unrealized gain (loss)

1.10

 

1.14

2.55

0.26

(2.93)

3.19

 

Total from investment operations

$1.27

 

$1.50

$2.91

$0.59

$(2.70)

$3.38

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

 

From net investment income

$(0.29)

 

$(0.41)

$(0.28)

$(0.14)

$(0.07)

$(0.30)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.25)

 

$(1.49)

$(0.60)

$(0.56)

$(1.70)

$(1.33)

Net asset value, end of period (x)

$17.73

 

$17.71

$17.70

$15.39

$15.36

$19.76

 

Total return (%) (r)(s)(t)(x)

7.55(n)

9.18

19.21

3.74

(14.98)

19.61

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

1.45(a)

1.45

1.44

1.46

1.43

1.41

 

Expenses after expense reductions (f)

1.34(a)

1.34

1.34

1.36

1.34

1.34

 

Net investment income (loss)

2.00(a)

2.14

2.12

2.06

1.35

0.99

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$2,970

 

$3,084

$4,054

$3,766

$4,022

$5,047

 

Class R3

Six months

 

 

Year ended

 

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

(unaudited)

 

 

 

 

 

 

 

Net asset value, beginning of period

$17.93

 

$17.91

$15.57

$15.52

$19.92

$17.85

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.20

 

$0.41

$0.41

$0.37

$0.27

$0.24

 

Net realized and unrealized gain (loss)

1.12

 

1.15

2.58

0.26

(2.95)

3.21

 

Total from investment operations

$1.32

 

$1.56

$2.99

$0.63

$(2.68)

$3.45

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

 

From net investment income

$(0.32)

 

$(0.46)

$(0.33)

$(0.16)

$(0.09)

$(0.35)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.28)

 

$(1.54)

$(0.65)

$(0.58)

$(1.72)

$(1.38)

Net asset value, end of period (x)

$17.97

 

$17.93

$17.91

$15.57

$15.52

$19.92

 

Total return (%) (r)(s)(t)(x)

7.70(n)

9.42

19.46

4.00

(14.78)

19.88

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

1.20(a)

1.20

1.19

1.20

1.18

1.16

 

Expenses after expense reductions (f)

1.09(a)

1.09

1.09

1.10

1.09

1.09

 

Net investment income (loss)

2.22(a)

2.40

2.37

2.26

1.59

1.24

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$10,546

 

$13,014

$12,869

$11,988

$16,923

$19,529

 

See Notes to Financial Statements

32

MFS Global Total Return Fund

Financial Highlights - continued

Class R4

Six months

 

 

Year ended

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

 

(unaudited)

 

 

 

 

 

 

Net asset value, beginning of period

$18.05

 

$18.02

$15.66

$15.60

$20.02

$17.93

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.22

 

$0.46

$0.45

$0.43

$0.32

$0.29

 

Net realized and unrealized gain (loss)

1.13

 

1.15

2.60

0.25

(2.98)

3.23

 

Total from investment operations

$1.35

 

$1.61

$3.05

$0.68

$(2.66)

$3.52

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

From net investment income

$(0.34)

 

$(0.50)

$(0.37)

$(0.20)

$(0.13)

$(0.40)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.30)

 

$(1.58)

$(0.69)

$(0.62)

$(1.76)

$(1.43)

Net asset value, end of period (x)

$18.10

 

$18.05

$18.02

$15.66

$15.60

$20.02

 

Total return (%) (r)(s)(t)(x)

7.85(n)

9.69

19.78

4.30

(14.59)

20.19

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

0.95(a)

0.95

0.94

0.96

0.93

0.91

 

Expenses after expense reductions (f)

0.84(a)

0.84

0.84

0.86

0.84

0.84

 

Net investment income (loss)

2.46(a)

2.64

2.61

2.59

1.88

1.50

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$2,109

 

$3,143

$3,688

$3,447

$5,018

$6,058

 

Class R6

Six months

 

 

Year ended

 

 

 

ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/30/26

 

10/31/25

10/31/24

10/31/23

10/31/22

10/31/21

 

 

(unaudited)

 

 

 

 

 

 

Net asset value, beginning of period

$17.73

 

$17.73

$15.41

$15.37

$19.75

$17.71

 

Income (loss) from investment operations

 

 

 

 

 

 

 

 

Net investment income (loss) (d)

$0.22

 

$0.47

$0.46

$0.43

$0.33

$0.31

 

Net realized and unrealized gain (loss)

1.11

 

1.12

2.57

0.25

(2.93)

3.18

 

Total from investment operations

$1.33

 

$1.59

$3.03

$0.68

$(2.60)

$3.49

 

Less distributions declared to shareholders

 

 

 

 

 

 

 

 

From net investment income

$(0.35)

 

$(0.51)

$(0.39)

$(0.22)

$(0.15)

$(0.42)

From net realized gain

(0.96)

 

(1.08)

(0.32)

(0.42)

(1.63)

(1.03)

 

 

 

 

 

 

 

 

 

Total distributions declared to shareholders

$(1.31)

 

$(1.59)

$(0.71)

$(0.64)

$(1.78)

$(1.45)

Net asset value, end of period (x)

$17.75

 

$17.73

$17.73

$15.41

$15.37

$19.75

 

Total return (%) (r)(s)(t)(x)

7.87(n)

9.77

19.94

4.33

(14.50)

20.26

 

Ratios (%) (to average net assets)

 

 

 

 

 

 

 

 

and Supplemental data:

 

 

 

 

 

 

 

 

Expenses before expense reductions (f)

0.86(a)

0.86

0.85

0.87

0.84

0.82

 

Expenses after expense reductions (f)

0.76(a)

0.75

0.75

0.77

0.75

0.75

 

Net investment income (loss)

2.58(a)

2.73

2.71

2.66

1.94

1.58

 

Portfolio turnover rate

33(n)

62

63

69

70

94

 

Net assets at end of period (000 omitted)

$203,699

 

$209,054

$227,804

$210,627

$212,487

$261,619

 

See Notes to Financial Statements

33

MFS Global Total Return Fund

Financial Highlights - continued

(a) Annualized.

(d) Per share data is based on average shares outstanding.

(f)Ratios do not reflect reductions from fees paid indirectly, if applicable. See Note 2 in the Notes to Financial Statements for additional information.

(n)Not annualized.

(r)Certain expenses have been reduced without which performance would have been lower.

(s)From time to time the fund may receive proceeds from litigation settlements, without which performance would be lower.

(t)Total returns do not include any applicable sales charges.

(x)The net asset values and total returns have been calculated on net assets which include adjustments made in accordance with U.S. generally accepted accounting principles required at period end for financial reporting purposes.

See Notes to Financial Statements

34

MFS Global Total Return Fund

NOTES TO FINANCIAL STATEMENTS (unaudited)

(1) Business and Organization

MFS Global Total Return Fund (the fund) is a diversified series of MFS Series Trust VI (the trust). The trust is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company.

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(2) Significant Accounting Policies

General — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. In the preparation of these financial statements, management has evaluated subsequent events occurring after the date of the fund’s Statement of Assets and Liabilities through the date that the financial statements were issued. The fund invests in foreign securities. Investments in foreign securities are vulnerable to the effects of changes in the relative values of the local currency and the U.S. dollar and to the effects of changes in each country’s market, economic, industrial, political, regulatory, geopolitical, environmental, public health, and other conditions.

Segment Reporting — An operating segment is defined in FASB Accounting Standards Codification Topic 280, Segment Reporting as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the entity’s chief operating decision maker (CODM) in making resource allocation decisions and assessing segment performance, and for which discrete financial information is available. The fund represents a single operating segment and the Chairman’s Committee of the fund’s adviser acts as the segment’s CODM. The fund’s total returns, expense ratios, and changes in net assets which are used by the CODM to assess segment performance and to make resource allocation decisions to the segment are consistent with that presented within the fund’s financial statements.

Balance Sheet Offsetting — The fund’s accounting policy with respect to balance sheet offsetting is that, absent an event of default by the counterparty or a termination of the agreement, the International Swaps and Derivatives Association (ISDA) Master Agreement, or similar agreement, does not result in an offset of reported amounts of financial assets and financial liabilities in the Statement of Assets and Liabilities across transactions between the fund and the applicable counterparty. The fund’s right to setoff may be restricted or prohibited by the bankruptcy or insolvency laws of the particular jurisdiction to which a specific master netting agreement counterparty is subject. Balance sheet offsetting disclosures, to the extent applicable to the fund, have been included in the fund’s Significant Accounting Policies note under the captions for each of the fund’s in-scope financial instruments and transactions.

Investment Valuations — Subject to its oversight, the fund’s Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments to MFS as the fund’s adviser, pursuant to the fund’s valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the “valuation designee” of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser’s fair valuation policy and procedures.

Under the fund’s valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. Debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Exchange-traded options are generally valued at the last sale or official closing price on their primary exchange as provided by a third-party pricing service. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation on their primary exchange as provided by a third-party pricing service. For put options, the position may be valued at the last daily ask quotation if there are no trades reported during the day. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided by a third-party pricing service. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service. Forward foreign currency exchange contracts are generally valued at

35

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an evaluation of any trading activity at the clearinghouses. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund’s valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser’s fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent’s institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund’s net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund’s net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund’s foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund’s net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund’s net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund’s assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser’s own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts, forward foreign currency exchange contracts, and swap agreements. The following is a summary of the levels used as of April 30, 2026 in valuing the fund’s assets and liabilities:

36

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

Financial Instruments

Level 1

Level 2

Level 3

Total

Equity Securities:

 

 

 

 

 

United States

$380,105,653

$—

$—

$380,105,653

 

United Kingdom

26,509,991

54,829,182

—

81,339,173

 

France

32,782,777

29,767,766

—

62,550,543

 

Japan

10,500,764

47,407,352

—

57,908,116

 

Switzerland

—

34,693,181

—

34,693,181

 

Italy

4,084,423

16,938,867

—

21,023,290

 

Netherlands

2,022,024

18,361,506

—

20,383,530

 

China

6,897,129

11,023,489

—

17,920,618

 

Germany

14,344,104

—

—

14,344,104

 

Other Countries

25,348,823

40,901,453

0

66,250,276

 

U.S. Treasury Bonds & U.S. Government

 

 

 

 

 

Agencies & Equivalents

—

45,153,922

—

45,153,922

 

Non - U.S. Sovereign Debt

—

202,490,899

—

202,490,899

 

Municipal Bonds

—

4,847,216

—

4,847,216

 

U.S. Corporate Bonds

—

70,515,450

—

70,515,450

 

Residential Mortgage-Backed Securities

—

52,261,894

—

52,261,894

 

Commercial Mortgage-Backed Securities

—

7,917,494

—

7,917,494

 

Asset-Backed Securities (including CDOs)

—

13,742,123

—

13,742,123

 

Foreign Bonds

—

63,416,302

—

63,416,302

 

Investment Companies

40,609,551

—

—

40,609,551

 

Total

$543,205,239

$714,268,096

$0

$1,257,473,335

 

Other Financial Instruments

 

 

 

 

 

Futures Contracts – Assets

$1,191,218

$—

$—

$1,191,218

 

Futures Contracts – Liabilities

(723,563)

—

—

(723,563)

Forward Foreign Currency Exchange

 

 

 

 

 

Contracts – Assets

—

876,626

—

876,626

 

Forward Foreign Currency Exchange

 

 

 

 

 

Contracts – Liabilities

—

(712,357)

—

(712,357)

Swap Agreements – Assets

—

36,748

—

36,748

 

Swap Agreements – Liabilities

—

(2,579)

—

(2,579)

For further information regarding security characteristics, see the Portfolio of Investments. At April 30, 2026, the fund held one level 3 security valued at $0, which was also held and valued at $0 at October 31, 2025.

Foreign Currency Translation — Purchases and sales of foreign investments, income, and expenses are converted into U.S. dollars based upon currency exchange rates prevailing on the respective dates of such transactions or on the reporting date for foreign denominated receivables and payables. Gains and losses attributable to foreign currency exchange rates on sales of securities are recorded for financial statement purposes as net realized gains and losses on investments. Gains and losses attributable to foreign exchange rate movements on receivables, payables, income and expenses are recorded for financial statement purposes as foreign currency transaction gains and losses. That portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.

Derivatives — The fund uses derivatives primarily to increase or decrease exposure to a particular market or segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. Derivatives are used for hedging or non-hedging purposes. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. When the fund uses derivatives as an investment to increase market exposure, or for hedging purposes, gains and losses from derivative instruments may be substantially greater than the derivative’s original cost.

The derivative instruments used by the fund during the period were written options, purchased options, futures contracts, forward foreign currency exchange contracts, and swap agreements. Depending on the type of derivative, a fund may exit a derivative position by entering into an offsetting transaction with a counterparty or exchange, negotiating an agreement with the derivative counterparty, or novating the position to a third party. The fund may be unable to promptly close out a futures position in instances where the daily fluctuation in the price for that type of future exceeds the daily limit set by the exchange. The fund’s period end derivatives, as presented in the Portfolio of Investments and the associated Derivative Contract tables, generally are indicative of the volume of its derivative activity during the period.

The following table presents, by major type of derivative contract, the fair value, on a gross basis, of the asset and liability components of derivatives held by the fund at April 30, 2026 as reported in the Statement of Assets and Liabilities:

37

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

 

 

 

Fair Value (a)

Risk

Derivative Contracts

Asset Derivatives

Liability Derivatives

Interest Rate

Futures Contracts

$1,191,218

$(723,563)

Foreign Exchange

Forward Foreign Currency Exchange Contracts

876,626

(712,357)

Interest Rate

Cleared Swap Agreements

36,748

(2,579)

Total

 

$2,104,592

$(1,438,499)

(a)Values presented in this table for futures contracts and cleared swap agreements correspond to the values reported in the Portfolio of Investments. Only the current day net variation margin for futures contracts and cleared swap agreements is reported separately within the Statement of Assets and Liabilities.

The following table presents, by major type of derivative contract, the realized gain (loss) on derivatives held by the fund for the six months ended April 30, 2026 as reported in the Statement of Operations:

 

 

 

Forward Foreign

 

 

 

 

 

Currency

Unaffiliated Issuers

 

 

Futures

Swap

Exchange

(Purchased

Written

Risk

Contracts

Agreements

Contracts

Options)

Options

 

 

 

 

 

 

Interest Rate

$(338,848)

$143,472

$—

$—

$—

Foreign Exchange

—

—

474,974

—

—

Credit

—

—

—

(328,111)

107,844

Total

$(338,848)

$143,472

$474,974

$(328,111)

$107,844

The following table presents, by major type of derivative contract, the change in unrealized appreciation or depreciation on derivatives held by the fund for the six months ended April 30, 2026 as reported in the Statement of Operations:

 

 

 

Forward Foreign

 

 

 

 

 

 

Currency

Unaffiliated Issuers

 

 

 

Futures

Swap

Exchange

(Purchased

Written

Risk

Contracts

Agreements

Contracts

Options)

Options

 

 

 

 

 

 

 

Interest Rate

$712,227

$28,516

$—

$—

$—

Foreign Exchange

—

—

460,635

—

—

Credit

—

—

—

88,597

(29,452)

 

 

 

 

 

 

 

Total

$712,227

$28,516

$460,635

$88,597

$(29,452)

Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties. On certain, but not all, uncleared derivatives, the fund attempts to reduce its exposure to counterparty credit risk whenever possible by entering into an ISDA Master Agreement on a bilateral basis. The ISDA Master Agreement gives each party to the agreement the right to terminate all transactions traded under such agreement if there is a specified deterioration in the credit quality of the other party. Upon an event of default or a termination of the ISDA Master Agreement, the non-defaulting party has the right to close out all transactions traded under such agreement and to net amounts owed under each agreement to one net amount payable by one party to the other. This right to close out and net payments across all transactions traded under the ISDA Master Agreement could result in a reduction of the fund’s credit risk to such counterparty equal to any amounts payable by the fund under the applicable transactions, if any.

Collateral and margin requirements differ by type of derivative. For exchange-traded and cleared derivatives (e.g., futures contracts, cleared swaps, and exchange-traded options), margin requirements are set by the exchange or clearing broker and the clearing house and collateral, in the form of cash or securities, is posted by the fund directly with the exchange or clearing broker. Collateral terms are counterparty agreement specific for uncleared derivatives (e.g., forward foreign currency exchange contracts, uncleared swap agreements, and uncleared options). Collateral, in the form of cash and securities, is held in segregated accounts with the fund’s custodian in connection with these agreements. For derivatives traded under an ISDA Master Agreement, which contains a credit support annex, the collateral requirements are netted across all transactions traded under such counterparty-specific agreement and an amount is posted from one party to the other to collateralize such obligations. Cash that has been segregated or delivered to brokers to cover the fund’s collateral or margin obligations under derivative contracts, if any, will be reported separately in the Statement of Assets and Liabilities as cash collateral posted for uncleared derivatives and/or cash pledged for exchange-traded or cleared derivatives. Securities pledged as collateral or margin for the same purpose, if any, are noted in the Portfolio of Investments. The fund may be required to make payments of interest on uncovered collateral or margin obligations with the broker. Any such payments are included in “Miscellaneous” expense in the Statement of Operations.

38

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

Written Options — In exchange for a premium, the fund wrote put options on securities for which it anticipated the price would increase. At the time the option was written, the fund believed the premium received exceeded the potential loss that could result from adverse price changes in the options’ underlying securities. In a written option, the fund as the option writer grants the buyer the right to purchase from, or sell to, the fund a specified number of shares or units of a particular security, currency or index at a specified price within a specified period of time.

A written swaption represents an option that if exercised by the buyer, obligates the fund as option writer to enter into a pre-defined interest rate or credit default swap agreement with the counterparty at a specified rate at a specified date or within a specified period of time. The fund enters into swaptions primarily to preserve a return or spread on a particular investment or portion of the fund’s investments, to adjust the fund’s sensitivity to underlying risk factors or to protect against an increase or decrease in the price of securities.

The premium received is initially recorded as a liability in the Statement of Assets and Liabilities. The option is subsequently marked-to-market daily with the difference between the premium received and the market value of the written option being recorded as unrealized appreciation or depreciation. When a written option expires, the fund realizes a gain equal to the amount of the premium received. The difference between the premium received and the amount paid on effecting a closing transaction is considered a realized gain or loss. When a written call option is exercised, the premium received is offset against the proceeds to determine the realized gain or loss. When a written put option is exercised, the premium reduces the cost basis of the security purchased by the fund.

At the initiation of the written option contract, for exchange traded options, the fund is required to deposit securities or cash as collateral with the custodian for the benefit of the broker or directly with the clearing broker, based on the type of option. For uncleared options, the fund may post collateral subject to the terms of an ISDA Master Agreement as generally described above if the market value of the options contract moves against it. The fund, as writer of an option, may have no control over whether the underlying securities may be sold (call) or purchased (put) and, as a result, bears the market risk of an unfavorable change in the price of the securities underlying the written option. Losses from writing options can exceed the premium received and can exceed the potential loss from an ordinary buy and sell transaction. Although the fund’s market risk may be significant, the

maximum counterparty credit risk to the fund is equal to the market value of any collateral posted to the broker. For uncleared options, this risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above.

Purchased Options — The fund purchased put options for a premium. Purchased put options entitle the holder to sell a specified number of shares or units of a particular security, currency or index at a specified price at a specified date or within a specified period of time. Purchasing put options may hedge against an anticipated decline in the value of portfolio securities or currency or decrease the fund’s exposure to an underlying instrument.

A purchased swaption represents an option that gives the fund as purchaser the right, but not the obligation, to enter into a pre-defined credit default swap agreement with the counterparty at a specified rate at a specified date or within a specified period of time. The fund enters into swaptions primarily to preserve a return or spread on a particular investment or portion of the fund’s investments, to adjust the fund’s sensitivity to underlying risk factors or to protect against an increase or decrease in the price of securities.

The premium paid is initially recorded as an investment in the Statement of Assets and Liabilities. That investment is subsequently marked-to-market daily with the difference between the premium paid and the market value of the purchased option being recorded as unrealized appreciation or depreciation. Premiums paid for purchased put options which have expired are treated as realized losses on investments in the Statement of Operations. Upon the exercise or closing of a purchased put option, the premium paid is offset against the proceeds on the sale of the underlying security or financial instrument in order to determine the realized gain or loss on investments.

Whether or not the option is exercised, the fund’s maximum risk of loss from purchasing an option is the amount of premium paid. All option contracts involve credit risk if the counterparty to the option contract fails to perform. For uncleared options, this risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund’s exposure to the counterparty under such ISDA Master Agreement.

Futures Contracts — The fund entered into futures contracts which may be used to hedge against or obtain broad market exposure, interest rate exposure, currency exposure, or to manage duration. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date.

39

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

Upon entering into a futures contract, the fund is required to deposit with the broker, either in cash or securities, an initial margin in an amount equal to a specified percentage of the notional amount of the contract. Subsequent payments (variation margin) are made or received by the fund each day, depending on the daily fluctuations in the value of the contract, and are recorded for financial statement purposes as unrealized gain or loss by the fund until the contract is closed or expires at which point the gain or loss on futures contracts is realized.

The fund bears the risk of interest rates, exchange rates or securities prices moving unexpectedly, in which case, the fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. While futures contracts may present less counterparty risk to the fund since the contracts are exchange traded and the exchange’s clearinghouse guarantees payments to the broker, there is still counterparty credit risk due to the insolvency of the broker. The fund’s maximum risk of loss due to counterparty credit risk is equal to the margin posted by the fund to the broker plus any gains or minus any losses on the outstanding futures contracts.

Forward Foreign Currency Exchange Contracts — The fund entered into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. These contracts may be used to hedge the fund’s currency risk or for non-hedging purposes. For hedging purposes, the fund may enter into contracts to deliver or receive foreign currency that the fund will receive from or use in its normal investment activities. The fund may also use contracts to hedge against declines in the value of foreign currency denominated securities due to unfavorable exchange rate movements. For non-hedging purposes, the fund may enter into contracts with the intent of changing the relative exposure of the fund’s portfolio of securities to different currencies to take advantage of anticipated exchange rate changes.

Forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any unrealized gains or losses are recorded as a receivable or payable for forward foreign currency exchange contracts until the contract settlement date. On contract settlement date, any gain or loss on the contract is recorded as realized gains or losses on forward foreign currency exchange contracts.

Risks may arise upon entering into these contracts from unanticipated movements in the value of the contract and from the potential inability of counterparties to meet the terms of their contracts. Generally, the fund’s maximum risk due to counterparty credit risk is the unrealized gain on the contract due to the use of Continuous Linked Settlement, a multicurrency cash settlement system for the centralized settlement of foreign transactions. This risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund’s exposure to the counterparty under such ISDA Master Agreement.

Swap Agreements — The fund entered into swap agreements which generally involve a periodic exchange of cash payments on a net basis, at specified intervals or upon the occurrence of specified events, between the fund and a counterparty. Certain swap agreements may be entered into as a bilateral contract (“uncleared swaps”) while others are required to be centrally cleared (“cleared swaps”).

Both cleared and uncleared swap agreements are marked to market daily. The value of uncleared swap agreements is reported in the Statement of Assets and Liabilities as “Uncleared swaps, at value” which includes any related interest accruals to be paid or received by the fund. For cleared swaps, payments (variation margin) are made or received by the fund each day, depending on the daily fluctuations in the value of the cleared swap, such that only the current day net receivable or payable for variation margin is reported in the Statement of Assets and Liabilities.

For both cleared and uncleared swaps, premiums paid or received at the inception of the agreements are amortized over the term of the agreement as realized gain or loss on swap agreements in the Statement of Operations. The periodic exchange of net cash payments, as well as any liquidation payment received or made upon early termination, are recorded as a realized gain or loss on swap agreements in the Statement of Operations. The change in unrealized appreciation or depreciation on swap agreements in the Statement of Operations reflects the aggregate change over the reporting period in the value of swaps net of any unamortized premiums paid or received.

Risks related to swap agreements include the possible lack of a liquid market, unfavorable market and interest rate movements of the underlying instrument and the failure of the counterparty to perform under the terms of the agreements. The fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty over the contract’s remaining life, to the extent that the amount is positive. To address counterparty risk, uncleared swap agreements are limited to only highly-rated counterparties. Risk is further reduced by having an ISDA Master Agreement (“ISDA”) between the fund and the counterparty and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund’s exposure to the counterparty under such ISDA. The fund’s counterparty risk due to cleared swaps is mitigated by the fact that the clearinghouse is the counterparty to the transaction and the regulatory requirement safeguards in the event of a clearing broker bankruptcy.

40

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

The fund entered into interest rate swap agreements in order to manage its exposure to interest rate fluctuations. Interest rate swap agreements involve the periodic exchange of cash flows, between the fund and a counterparty, based on the difference between two interest rates applied to a notional principal amount. The two interest rates exchanged may either be a fixed rate and a floating rate or two floating rates based on different indices.

The fund entered into inflation swap agreements in order to manage its exposure to inflation risk. Inflation swap agreements involve the periodic exchange of cash flows, between the fund and a counterparty, based on the difference between two rates applied to a notional principal amount. The two rates exchanged are generally a fixed rate and a floating rate based on an inflation index.

Mortgage-Backed/Asset-Backed Securities — The fund invests a significant portion of its assets in asset-backed and/or mortgage-backed securities. For these securities, the value of the debt instrument also depends on the credit quality and adequacy of the underlying assets or collateral as well as whether there is a security interest in the underlying assets or collateral. Enforcing rights, if any, against the underlying assets or collateral may be difficult. U.S. Government securities not supported as to the payment of principal or interest by the U.S. Treasury, such as those issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, are subject to greater credit risk than are U.S. Government securities supported by the U.S. Treasury, such as those issued by Ginnie Mae.

Security Loans — Under its Securities Lending Agency Agreement with the fund, JPMorgan Chase and Co., as lending agent, loans the securities of the fund to certain qualified institutions (the “Borrowers”) approved by the fund. Security loans can be terminated at the discretion of either the lending agent or the fund and the related securities must be returned within the earlier of the standard trade settlement period for such securities or within three business days. The loans are collateralized by cash and/or U.S. Treasury and federal agency obligations in an amount typically at least equal to the market value of the securities loaned. On loans collateralized by cash, the cash collateral is invested in a money market fund. The market value of the loaned securities is determined at the close of business of the fund and any additional required collateral is delivered to the fund on the next business day. The lending agent provides the fund with indemnification against Borrower default. In the event of Borrower default, the lending agent will, for the benefit of the fund, either purchase securities identical to those loaned or, when such purchase is commercially impracticable, pay the fund the market value of the loaned securities. In return, the lending agent assumes the fund’s rights to the related collateral. If the collateral value is less than the cost to purchase identical securities, the lending agent is responsible for the shortfall, but only to the extent that such shortfall is not due to a decline in collateral value resulting from collateral reinvestment for which the fund bears the risk of loss. At period end, the fund had investment securities on loan, all of which were classified as equity securities in the fund’s Portfolio of Investments, with a fair value of $17,024,120. The fair value of the fund’s investment securities on loan and a related liability of $13,756,128 for the obligation to return cash collateral received on securities loaned are both presented gross in the Statement of Assets and Liabilities. Additionally, these loans were collateralized by U.S. Treasury Obligations of $3,897,512 held by the custodian or a triparty custodian. The collateral on securities loaned exceeded the value of securities on loan at period end. The liability for cash collateral for securities loaned is carried at fair value, which is categorized as level 2 within the fair value hierarchy. A portion of the income generated upon investment of the collateral is remitted to the Borrowers, and the remainder is allocated between the fund and the lending agent. On loans collateralized by U.S. Treasury and/or federal agency obligations, a fee is received from the Borrower, and is allocated between the fund and the lending agent. Income from securities lending is separately reported in the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income.

Indemnifications — Under the fund’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund enters into agreements with service providers that may contain indemnification clauses. The fund’s maximum exposure under these agreements is unknown as this would involve future claims that may be made against the fund that have not yet occurred.

Investment Transactions and Income — Interest income is recorded on the accrual basis. All premium and discount is amortized or accreted for financial statement purposes in accordance with U.S. generally accepted accounting principles. Dividends received in cash are recorded on the ex-dividend date. Certain dividends from foreign securities will be recorded when the fund is informed of the dividend if such information is obtained subsequent to the ex-dividend date. Dividend and interest payments received in additional securities are recorded on the ex-dividend or ex-interest date in an amount equal to the value of the security on such date.

The fund may receive proceeds from litigation settlements. Any proceeds received from litigation involving portfolio holdings are reflected in the Statement of Operations in realized gain/loss if the security has been disposed of by the fund or in unrealized gain/loss if the security is still held by the fund. Any other proceeds from litigation not related to portfolio holdings are reflected as other income in the Statement of Operations.

Investment transactions are recorded on the trade date. In determining the net gain or loss on securities sold, the cost of securities is determined on the identified cost basis.

41

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

The fund may purchase or sell mortgage-backed securities on a To Be Announced (“TBA”) basis. A TBA transaction is subject to extended settlement and typically does not designate the actual security to be delivered, but instead includes an approximate principal amount. The price of the TBA security and the date that it will be settled are fixed at the time the transaction is negotiated. The value of the security varies with market fluctuations and no interest accrues to the fund until settlement takes place. TBA purchase and sale commitments are held at carrying amount, which approximates fair value and are categorized as level 2 within the fair value hierarchy and included in TBA purchase and TBA sale commitments in the Statement of Assets and Liabilities, as applicable. Losses may arise as a result of changes in the value of the TBA investment prior to settlement date or due to counterparty non-performance.

The fund may also enter into mortgage dollar rolls, typically TBA dollar rolls, in which the fund sells TBA mortgage-backed securities to financial institutions and simultaneously agrees to repurchase similar (same issuer, type and coupon) securities at a later date at an agreed-upon price. During the period between the sale and repurchase, the fund will not be entitled to receive interest and principal payments on the securities sold. The fund accounts for dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. Dollar roll transactions involve the risk that the market value of the securities that the fund is required to purchase may decline below the agreed upon repurchase price of those securities.

The fund may purchase or sell securities on a when-issued or delayed delivery basis. In these extended settlement transactions, the receipt or delivery of the securities by the fund and related payments occur at a future date, usually beyond the customary settlement period. The price of such security and the date that the security will be settled are generally fixed at the time the transaction is negotiated. The value of the security varies with market fluctuations and for debt securities no interest accrues to the fund until settlement takes place. When the fund sells securities on a when-issued or delayed delivery basis, the fund typically owns or has the right to acquire securities equivalent in kind and amount to the securities sold. Purchase and sale commitments for when-issued or delayed delivery securities are held at carrying amount, which approximates fair value and are categorized as level 2 within the fair value hierarchy, and included in When-issued investments purchased and When-issued investments sold in the Statement of Assets and Liabilities, as applicable. Losses may arise due to changes in the value of the underlying securities prior to settlement date or if the counterparty does not perform under the contract’s terms, or if the issuer does not issue the securities.

To mitigate the counterparty credit risk on To Be Announced (“TBA”) transactions, mortgage dollar rolls, and other types of forward settling mortgage-backed and asset-backed security transactions, the fund whenever possible enters into a Master Securities Forward Transaction Agreement (“MSFTA”) on a bilateral basis with each of the counterparties with whom it undertakes a significant volume of transactions. The MSFTA gives each party to the agreement the right to terminate all transactions traded under such agreement if there is a specified deterioration in the credit quality of the other party. Upon an event of default or a termination of the MSFTA, the non-defaulting party has the right to close out all transactions traded under such agreement and to net amounts owed under each transaction to one net amount payable by one party to the other. This right to close out and net payments across all transactions traded under the MSFTA could result in a reduction of the fund’s credit risk to such counterparty equal to any amounts payable by the fund under the applicable transactions, if any.

For mortgage-backed and asset-backed securities traded under a MSFTA, the collateral and margining requirements are contract specific. Collateral amounts across all transactions traded under such agreement are netted and an amount is posted from one party to the other to collateralize such obligations. Cash posted to cover the fund’s collateral or margin obligations under a MSFTA, if any, will be reported separately on the Statement of Assets and Liabilities as cash collateral posted. Securities pledged as collateral or margin for the same purpose, if any, are noted in the Portfolio of Investments.

Fees Paid Indirectly — The fund’s custody fee may be reduced by a credit earned under an arrangement that measures the value of U.S. dollars deposited with the custodian by the fund. The amount of the credit, for the six months ended April 30, 2026, is shown as a reduction of total expenses in the Statement of Operations.

Tax Matters and Distributions — The fund intends to qualify as a regulated investment company, as defined under Subchapter M of the Internal Revenue Code, and to distribute all of its taxable income, including realized capital gains. As a result, no provision for federal income tax is required. The fund’s federal tax returns, when filed, will remain subject to examination by the Internal Revenue Service for generally a three year period. Management has analyzed the fund’s tax positions taken on federal and state tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability. Foreign taxes, if any, have been accrued by the fund in the accompanying financial statements in accordance with the applicable foreign tax law. Foreign income taxes may be withheld by certain countries in which the fund invests. Additionally, capital gains realized by the fund on securities issued in or by certain foreign countries may be subject to capital gains tax imposed by those countries.

42

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles. Certain capital accounts in the financial statements are periodically adjusted for permanent differences in order to reflect their tax character. These adjustments have no impact on net assets or net asset value per share. Temporary differences which arise from recognizing certain items of income, expense, gain or loss in different periods for financial statement and tax purposes will reverse at some time in the future.

Book/tax differences primarily relate to amortization of premium and accretion of discount of debt securities, passive foreign investment companies, wash sale loss deferrals, straddle loss deferrals, derivative transactions, and treating a portion of the proceeds from redemptions as a distribution for tax purposes.

The tax character of distributions made during the six months ended April 30, 2026 will be determined at fiscal year end. The tax character of distributions declared to shareholders for the last fiscal year is as follows:

 

 

Year ended

 

 

10/31/25

 

 

Ordinary income (including any short-term capital gains)

$41,252,155

 

 

Long-term capital gains

70,708,735

 

 

Total distributions

$111,960,890

 

The federal tax cost and the tax basis components of distributable earnings were as follows:

 

 

 

As of 4/30/26

 

 

 

Cost of investments

$1,020,953,550

 

 

Gross appreciation

266,928,096

 

 

Gross depreciation

(30,408,311)

 

Net unrealized appreciation (depreciation)

$236,519,785

 

 

As of 10/31/25

 

 

 

Undistributed ordinary income

13,916,667

 

 

Undistributed long-term capital gain

66,246,150

 

 

Other temporary differences

(5,845)

 

Net unrealized appreciation (depreciation)

221,669,212

 

The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.

Multiple Classes of Shares of Beneficial Interest — The fund offers multiple classes of shares, which differ in their respective distribution and service fees. The fund’s income, realized and unrealized gain (loss), and common expenses are allocated to shareholders based on the daily net assets of each class. Dividends are declared separately for each class. Differences in per share dividend rates are generally due to differences in separate class expenses. Class B and Class C shares will convert to Class A shares approximately eight years after purchase. The fund’s distributions declared to shareholders as reported in the Statements of Changes in Net Assets are presented by class as follows:

 

Six months

Year

 

ended

ended

 

4/30/26

 

10/31/25

 

 

 

 

Class A

$43,856,511

$53,856,778

Class B

101,319

233,575

Class C

1,693,823

2,329,308

Class I

26,346,348

33,628,583

Class R1

200,600

217,397

Class R2

214,653

314,201

Class R3

920,039

1,105,459

Class R4

218,203

312,487

Class R6

15,199,964

19,963,102

Total

$88,751,460

$111,960,890

43

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

(3) Transactions with Affiliates

Investment Adviser — The fund has an investment advisory agreement with MFS to provide overall investment management and related administrative services and facilities to the fund. The management fee is computed daily and paid monthly at the following annual rates based on the fund’s average daily net assets:

Up to $500 million

0.84%

In excess of $500 million and up to $1 billion

0.75%

In excess of $1 billion and up to $2.5 billion

0.70%

In excess of $2.5 billion

0.65%

MFS has agreed in writing to reduce its management fee by a specified amount if certain MFS mutual fund assets exceed thresholds agreed to by MFS and the fund’s Board of Trustees. MFS has also agreed in writing to waive at least 0.01% of its management fee as part of this agreement. The agreement to waive at least 0.01% of the management fee will continue until modified by the fund’s Board of Trustees, but such agreement will continue at least until February 28, 2027. For the six months ended April 30, 2026, this management fee reduction amounted to $84,305, which is included in the reduction of total expenses in the Statement of Operations. The management fee incurred for the six months ended April 30, 2026 was equivalent to an annual effective rate of 0.76% of the fund’s average daily net assets.

The investment adviser has agreed in writing to pay a portion of the fund’s total annual operating expenses, excluding interest, taxes, extraordinary expenses, brokerage and transaction costs, certain tax reclaim recovery expenses (including contingency fees and closing agreement expenses), and investment-related expenses, such that total fund operating expenses do not exceed the following rates annually of each class’s average daily net assets:

Classes

A

B

C

I

R1

R2

R3

R4

R6

1.09%

1.84%

1.84%

0.84%

1.84%

1.34%

1.09%

0.84%

0.77%

This written agreement will continue until modified by the fund’s Board of Trustees, but such agreement will continue at least until February 28, 2027. For the six months ended April 30, 2026, this reduction amounted to $578,095, which is included in the reduction of total expenses in the Statement of Operations.

Distributor — MFS Fund Distributors, Inc. (MFD), a wholly-owned subsidiary of MFS, as distributor, received $9,306 for the six months ended April 30, 2026, as its portion of the initial sales charge on sales of Class A shares of the fund.

The Board of Trustees has adopted a distribution plan for certain share classes pursuant to Rule 12b-1 of the Investment Company Act of 1940.

The fund’s distribution plan provides that the fund will pay MFD for services provided by MFD and financial intermediaries in connection with the distribution and servicing of certain share classes. One component of the plan is a distribution fee paid to MFD and another component of the plan is a service fee paid to MFD. MFD may subsequently pay all, or a portion, of the distribution and/or service fees to financial intermediaries. The distribution and service fees are computed daily and paid monthly.

44

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

Distribution Plan Fee Table:

 

 

 

Total

Annual

Distribution

 

Distribution

Service

Distribution

Effective

and Service

 

Fee Rate (d)

Fee Rate (d)

Plan (d)

Rate (e)

Fee

Class A

—

0.25%

0.25%

0.25%

$784,812

Class B

0.75%

0.25%

1.00%

1.00%

6,230

Class C

0.75%

0.25%

1.00%

1.00%

124,093

Class R1

0.75%

0.25%

1.00%

1.00%

15,323

Class R2

0.25%

0.25%

0.50%

0.50%

7,565

Class R3

—

0.25%

0.25%

0.25%

14,929

Total Distribution and Service Fees

 

 

 

 

$952,952

(d)In accordance with the distribution plan for certain classes, the fund pays distribution and/or service fees equal to these annual percentage rates of each class’s average daily net assets. The distribution and service fee rates disclosed by class represent the current rates in effect at the end of the reporting period. Any rate changes, if applicable, are detailed below.

(e)The annual effective rates represent actual fees incurred under the distribution plan for the six months ended April 30, 2026 based on each class’s average daily net assets. MFD has voluntarily agreed to rebate a portion of each class’s 0.25% service fee attributable to accounts for which there is no financial intermediary specified on the account except for accounts attributable to MFS or its affiliates’ seed money. For the six months ended April 30, 2026, this rebate amounted to $176 and $1 for Class A and Class B shares, respectively, and is included in the reduction of total expenses in the Statement of Operations.

Certain Class A shares are subject to a contingent deferred sales charge (CDSC) in the event of a shareholder redemption within 18 months of purchase. Class B shares are subject to a CDSC in the event of a shareholder redemption within six years of purchase. Class C shares are subject to a CDSC in the event of a shareholder redemption within 12 months of purchase. All contingent deferred sales charges are paid to MFD and during the six months ended April 30, 2026, were as follows:

 

Amount

Class A

$4,114

Class B

334

Class C

342

Shareholder Servicing Agent — MFS Service Center, Inc. (MFSC), a wholly-owned subsidiary of MFS, receives a fee from the fund for its services as shareholder servicing agent calculated as a percentage of the average daily net assets of the fund as determined periodically under the supervision of the fund’s Board of Trustees. For the six months ended April 30, 2026, the fee was $82,610, which equated to 0.0133% annually of the fund’s average daily net assets. MFSC also receives reimbursement from the fund for out-of-pocket expenses, sub-accounting and other shareholder servicing costs which may be paid to affiliated and unaffiliated service providers. Class R6 shares do not incur sub-accounting fees. For the six months ended April 30, 2026, these out-of-pocket expenses, sub-accounting and other shareholder servicing costs amounted to $469,861.

Administrator — MFS provides certain financial, legal, shareholder communications, compliance, and other administrative services to the fund. Under an administrative services agreement, the fund reimburses MFS the costs incurred to provide these services. The fund is charged an annual fixed amount of $17,500 plus a fee based on average daily net assets. The administrative services fee is computed daily and paid monthly. The administrative services fee incurred for the six months ended April 30, 2026 was equivalent to an annual effective rate of 0.0140% of the fund’s average daily net assets.

Trustees’ and Officers’ Compensation — The fund pays compensation to independent Trustees in the form of a retainer, attendance fees, and additional compensation to Board and Committee chairpersons. Independent Trustees’ compensation is accrued daily and paid subsequent to each Trustee Board meeting. The fund does not pay compensation directly to Trustees or officers of the fund who are also officers of the investment adviser, all of whom receive remuneration from MFS for their services to the fund. Certain officers and Trustees of the fund are officers or directors of MFS, MFD, and MFSC.

Other — The fund invests in the MFS Institutional Money Market Portfolio which is managed by MFS and seeks current income consistent with preservation of capital and liquidity. This money market fund does not pay a management fee to MFS but does incur investment and operating costs.

(4) Portfolio Securities

For the six months ended April 30, 2026, purchases and sales of investments, other than purchased options with an expiration date of less than one year from the time of purchase and short-term obligations, were as follows:

45

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

 

Purchases

Sales

U.S. Government securities

$61,894,765

$54,033,083

Non-U.S. Government securities

340,050,719

418,646,355

(5) Shares of Beneficial Interest

The fund’s Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest. Transactions in fund shares were as follows:

 

 

Six months ended

 

Year ended

 

 

4/30/26

 

 

10/31/25

 

 

 

 

Shares

Amount

 

Shares

Amount

Shares sold

 

 

 

 

 

 

 

 

 

Class A

1,693,304

$30,027,685

2,897,758

$50,117,433

 

Class B

 

—

—

208

3,554

 

Class C

143,284

2,573,415

195,415

3,455,841

 

Class I

1,940,195

33,957,022

2,819,569

48,208,134

 

Class R1

13,155

233,569

17,246

294,768

 

Class R2

7,260

126,478

22,410

379,602

 

Class R3

63,686

1,133,236

97,280

1,667,213

 

Class R4

5,459

96,861

15,418

264,434

 

Class R6

925,394

16,121,123

1,836,345

31,205,497

 

 

4,791,737

$84,269,389

7,901,649

$135,596,476

 

Shares issued to shareholders

 

 

 

 

 

 

 

 

 

in reinvestment of distributions

 

 

 

 

 

 

 

 

 

Class A

2,325,857

$40,218,044

2,931,584

$49,367,385

 

Class B

5,697

101,289

13,604

233,541

 

Class C

93,406

1,619,734

133,246

2,242,765

 

Class I

1,387,315

23,573,815

1,809,185

30,000,942

 

Class R1

11,697

200,600

13,028

217,397

 

Class R2

11,578

196,731

17,808

294,366

 

Class R3

53,455

920,039

65,912

1,105,459

 

Class R4

12,516

216,801

18,478

311,521

 

Class R6

744,649

12,653,451

997,808

16,550,353

 

 

4,646,170

$79,700,504

6,000,653

$100,323,729

 

Shares reacquired

 

 

 

 

 

 

 

 

 

Class A

(3,379,108)

$(60,108,928)

(6,766,643)

$(116,783,739)

Class B

(50,928)

(925,307)

(115,618)

(2,036,923)

Class C

(355,383)

(6,345,340)

(701,354)

(12,126,796)

Class I

(3,402,889)

(59,104,800)

(5,942,638)

(100,340,820)

Class R1

(11,546)

(206,058)

(15,384)

(255,120)

Class R2

(25,521)

(445,970)

(95,068)

(1,588,141)

Class R3

(256,155)

(4,494,485)

(155,911)

(2,674,386)

Class R4

(75,576)

(1,364,170)

(64,443)

(1,055,559)

Class R6

(1,987,147)

(34,959,407)

(3,893,458)

(66,463,823)

 

 

 

 

 

 

 

(9,544,253)

$(167,954,465)

(17,750,517)

$(303,325,307)

46

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

 

Six months ended

Year ended

 

4/30/26

 

10/31/25

 

 

 

Shares

Amount

Shares

Amount

Net change

 

 

 

 

 

 

 

Class A

640,053

$10,136,801

(937,301)

$(17,298,921)

Class B

(45,231)

(824,018)

(101,806)

(1,799,828)

Class C

(118,693)

(2,152,191)

(372,693)

(6,428,190)

Class I

(75,379)

(1,573,963)

(1,313,884)

(22,131,744)

Class R1

13,306

228,111

14,890

257,045

Class R2

(6,683)

(122,761)

(54,850)

(914,173)

Class R3

(139,014)

(2,441,210)

7,281

98,286

Class R4

(57,601)

(1,050,508)

(30,547)

(479,604)

Class R6

(317,104)

(6,184,833)

(1,059,305)

(18,707,973)

 

 

 

 

 

 

 

(106,346)

$(3,984,572)

(3,848,215)

$(67,405,102)

Effective June 1, 2019, purchases of the fund’s Class B shares were closed to new and existing investors subject to certain exceptions. Effective September 29, 2023, purchases of the fund’s Class R1 and Class R2 shares were closed to new eligible investors.

(6) Line of Credit

The fund and certain other funds managed by MFS participate in a $1.45 billion unsecured committed line of credit of which $1.2 billion is reserved for use by the fund and certain other MFS U.S. funds. The line of credit is provided by a syndicate of banks under a credit agreement. Borrowings may be made for temporary financing needs. Interest is charged to each fund, based on its borrowings, generally at a rate equal to the highest of 1) Daily Simple SOFR (Secured Overnight Financing Rate), 2) the Federal Funds Effective Rate, or 3) the Overnight Bank Funding Rate, each plus an agreed upon spread. A commitment fee, based on the average daily unused portion of the committed line of credit, is allocated among the participating funds. The line of credit expires on March 11, 2027 unless extended or renewed. In addition, the fund and other funds managed by MFS have established unsecured uncommitted borrowing arrangements with certain banks for temporary financing needs. Interest is charged to each fund, based on its borrowings, at rates equal to customary reference rates plus an agreed upon spread. For the six months ended April 30, 2026, the fund’s commitment fee and interest expense were $2,892 and $0, respectively, and are included in “Miscellaneous” expense in the Statement of Operations.

(7) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the six months ended April 30, 2026:

 

 

 

 

 

Change in

 

 

 

 

 

 

Unrealized

 

 

 

 

 

Realized

Appreciation

 

 

Beginning

 

Sales

Gain

or

Ending

Affiliated Issuers

Value

Purchases

Proceeds

(Loss)

Depreciation

Value

MFS Institutional Money Market

 

 

 

 

 

 

Portfolio

$25,218,111

$239,992,600

$238,354,781

$(1,516)

$(991)

$26,853,423

 

 

 

 

 

Dividend

Capital Gain

Affiliated Issuers

 

 

 

 

Income

Distributions

MFS Institutional Money Market Portfolio

 

 

 

 

$392,985

$—

(8) Russia and Ukraine Conflict

The fund invests in securities and/or derivative instruments that are economically tied to Russia and/or Ukraine. Escalation of the conflict between Russia and Ukraine in late February 2022 caused market volatility and disruption in the tradability of Russian securities, including closure of the local securities market, temporary restriction on securities sales by non-residents, and disruptions to clearance and payment systems. To the extent that the fund is unable to sell securities, whether due to market constraints or to the sanctions imposed on Russia by the United States and other countries, those securities are considered illiquid and the value of

47

MFS Global Total Return Fund

Notes to Financial Statements (unaudited) - continued

those securities reflects their illiquid classification. Additionally, since there is no assurance on collectability of dividends declared by certain Russian issuers, all such dividends, related receivables, and/or currency denominated in Rubles, if applicable, have been valued at $0. Management continues to monitor these events and to evaluate the related impacts on fund performance.

48

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

There is nothing to report for this item for MFS Global Total Return Fund.

ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

There is nothing to report for this item for MFS Global Total Return Fund.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

This information is disclosed as part of the financial statements included in Item 7 above for MFS Global Total Return Fund. See the Statement of Operations and Note 3 within the Notes to Financial Statements for more information.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

Not Applicable.

49



MFS Utilities Fund
ITEM 7.  FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
MFS Utilities Fund
Portfolio of Investments − 4/30/26 (unaudited)
The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.
 
Issuer
 
 
Shares/Par
Value ($)
Common Stocks – 99.2%
Energy - Renewables – 1.9%
EDP Renovaveis S.A. (a)
 
2,552,753
$42,483,827
Orsted A.S. (a)
 
428,443
11,462,784
 
 
 
$53,946,611
Utilities – 97.3%
Alliant Energy Corp.
 
1,058,345
$77,714,273
Ameren Corp.
 
950,410
108,014,096
American Electric Power Co., Inc.
 
1,001,960
137,378,736
American Water Works Co., Inc.
 
284,910
36,588,142
Atmos Energy Corp.
 
266,157
50,564,507
CenterPoint Energy, Inc.
 
502,686
21,942,244
Constellation Energy
 
629,928
197,167,464
Dominion Energy, Inc.
 
1,654,663
106,725,763
DTE Energy Co.
 
757,300
114,874,837
E.ON SE
 
928,092
20,576,030
Edison International
 
1,382,915
96,098,763
Enel S.p.A.
 
1,833,856
21,396,192
Energias de Portugal S.A.
 
5,118,015
27,889,379
Entergy Corp.
 
567,620
66,928,074
Eversource Energy
 
500,999
35,420,629
National Grid PLC
 
1,971,881
35,274,081
NextEra Energy, Inc.
 
3,836,295
375,496,555
NiSource, Inc.
 
1,210,844
58,459,548
OGE Energy Corp.
 
889,312
43,398,426
PG&E Corp.
 
9,476,784
157,504,150
Pinnacle West Capital Corp.
 
649,551
67,371,430
PPL Corp.
 
1,756,429
65,760,702
Public Service Enterprise Group, Inc.
 
1,081,536
88,318,230
RWE AG
 
818,790
59,561,099
Sempra
 
1,444,948
137,443,454
Southern Co.
 
1,074,008
103,856,574
Spire, Inc.
 
152,293
13,886,076
SSE PLC
 
1,708,364
61,394,173
United Utilities Group PLC
 
2,060,647
40,932,193
Veolia Environnement S.A.
 
363,925
15,394,140
Vistra Corp.
 
652,765
103,032,428
WEC Energy Group, Inc.
 
365,638
43,123,346
Xcel Energy, Inc.
 
1,824,279
151,323,943
 
 
 
$2,740,809,677
Total Common Stocks (Identified Cost, $1,564,738,619)
$2,794,756,288
Mutual Funds (h) – 0.8%
Money Market Funds – 0.8%
MFS Institutional Money Market Portfolio, 3.7% (v) (Identified Cost, $21,769,586)
 
 
21,769,389
$21,771,566
Other Assets, Less Liabilities – 0.0%
981,629
Net Assets – 100.0%
$2,817,509,483
MMUFS-SEM
1
MFS Utilities Fund
Portfolio of Investments (unaudited) – continued
 
(a)
Non-income producing security.
(h)
An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under
common control. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $21,771,566 and
$2,794,756,288, respectively.
(v)
Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the
annualized seven-day yield of the fund at period end.
 
Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of
abbreviations is shown below:
EUR
Euro
GBP
British Pound
 
Derivative Contracts at 4/30/26
Forward Foreign Currency Exchange Contracts
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
Asset Derivatives
EUR
12,476,974
USD
14,674,402
HSBC Bank
7/17/2026
$18,718
GBP
337,980
USD
454,498
UBS AG
7/17/2026
5,294
USD
131,345,893
EUR
110,876,439
JPMorgan Chase Bank N.A.
7/17/2026
775,706
 
 
 
 
 
$799,718
Liability Derivatives
USD
36,048,405
GBP
26,590,817
Barclays Bank PLC
7/17/2026
$(126,032
)
USD
635,592
GBP
472,389
Goldman Sachs International
7/17/2026
(7,051
)
USD
45,989,077
GBP
33,905,872
Merrill Lynch International
7/17/2026
(136,840
)
USD
1,196,281
GBP
880,712
UBS AG
7/17/2026
(1,849
)
 
 
 
 
 
$(271,772
)
See Notes to Financial Statements
2
MFS Utilities Fund
Financial Statements | Statement of Assets and Liabilities
This statement represents your fund’s balance sheet, which details the assets and liabilities comprising the total value of the fund. 
At 4/30/26 (unaudited)
Assets
Investments in unaffiliated issuers, at value (identified cost, $1,564,738,619)
$2,794,756,288
Investments in affiliated issuers, at value (identified cost, $21,769,586)
21,771,566
Foreign currency, at value (identified cost, $9,326)
10,615
Receivables for
Forward foreign currency exchange contracts
799,718
Investments sold
2,927
Fund shares sold
1,499,592
Dividends
3,880,487
Other assets
53,942
Total assets
$2,822,775,135
Liabilities
Payables for
Forward foreign currency exchange contracts
$271,772
Investments purchased
1,843,737
Fund shares reacquired
2,097,565
Payable to affiliates
Investment adviser
88,510
Administrative services fee
2,093
Shareholder servicing costs
722,563
Distribution and service fees
30,628
Payable for independent Trustees' compensation
8,258
Accrued expenses and other liabilities
200,526
Total liabilities
$5,265,652
Net assets
$2,817,509,483
Net assets consist of
Paid-in capital
$1,521,965,340
Total distributable earnings (loss)
1,295,544,143
Net assets
$2,817,509,483
Shares of beneficial interest outstanding
101,814,588
 
 
Net assets
Shares
outstanding
Net asset value
per share (a)
Class A
$1,830,263,615
66,233,481
$27.63
Class B
2,643,619
95,902
27.57
Class C
56,451,263
2,054,428
27.48
Class I
624,665,038
22,462,940
27.81
Class R1
5,386,343
197,306
27.30
Class R2
20,947,739
760,876
27.53
Class R3
155,514,570
5,633,023
27.61
Class R4
22,166,816
800,932
27.68
Class R6
99,470,480
3,575,700
27.82
 
(a)
Maximum offering price per share was equal to the net asset value per share for all share classes, except for Class A, for which the maximum
offering price per share was $29.32 [100 / 94.25 x $27.63]. On sales of $50,000 or more, the maximum offering price of Class A shares is
reduced. A contingent deferred sales charge may be imposed on redemptions of Class A, Class B, and Class C shares. Redemption price per
share was equal to the net asset value per share for Classes I, R1, R2, R3, R4, and R6.
See Notes to Financial Statements
3
MFS Utilities Fund
Financial Statements | Statement of Operations
This statement describes how much your fund earned in investment income and accrued in expenses. It also describes any gains and/or losses generated by fund operations. 
Six months ended 4/30/26 (unaudited)
Net investment income (loss)
 
Income
Dividends from unaffiliated issuers
$34,049,716
Dividends from affiliated issuers
387,780
Other
33,779
Income on securities loaned
2,893
Foreign taxes withheld
(191,096
)
Total investment income
$34,283,072
Expenses
Management fee
$7,986,116
Distribution and service fees
2,722,043
Shareholder servicing costs
1,539,266
Administrative services fee
179,904
Independent Trustees' compensation
26,228
Custodian fee
100,733
Shareholder communications
56,441
Audit and tax fees
40,137
Legal fees
6,253
Miscellaneous
112,192
Total expenses
$12,769,313
Fees paid indirectly
(4,798
)
Reduction of expenses by investment adviser and distributor
(181,898
)
Net expenses
$12,582,617
Net investment income (loss)
$21,700,455
Realized and unrealized gain (loss)
Realized gain (loss) (identified cost basis)
Unaffiliated issuers
$78,793,219
Affiliated issuers
(1,002
)
Forward foreign currency exchange contracts
(3,231,267
)
Foreign currency
131,748
Net realized gain (loss)
$75,692,698
Change in unrealized appreciation or depreciation
Unaffiliated issuers
$159,801,271
Affiliated issuers
(501
)
Forward foreign currency exchange contracts
(1,389,245
)
Translation of assets and liabilities in foreign currencies
58,534
Net unrealized gain (loss)
$158,470,059
Net realized and unrealized gain (loss)
$234,162,757
Change in net assets from operations
$255,863,212
See Notes to Financial Statements
4
MFS Utilities Fund
Financial Statements | Statements of Changes in Net Assets
These statements describe the increases and/or decreases in net assets resulting from operations, any distributions, and any shareholder transactions. 
 
Six months ended
Year ended
 

4/30/26
(unaudited)

10/31/25
Change in net assets
 
 
From operations
Net investment income (loss)
$21,700,455
$51,660,191
Net realized gain (loss)
75,692,698
61,379,281
Net unrealized gain (loss)
158,470,059
168,729,620
Change in net assets from operations
$255,863,212
$281,769,092
Total distributions to shareholders
$(83,080,231
)
$(93,027,834
)
Change in net assets from fund share transactions
$(32,075,594
)
$(202,925,743
)
Total change in net assets
$140,707,387
$(14,184,485
)
Net assets
At beginning of period
2,676,802,096
2,690,986,581
At end of period
$2,817,509,483
$2,676,802,096
See Notes to Financial Statements
5
MFS Utilities Fund
Financial Statements | Financial Highlights
The financial highlights table is intended to help you understand the fund's financial performance for the semiannual period and the past 5 fiscal years. Certain information reflects financial results for a single fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the fund share class (assuming reinvestment of all distributions) held for the entire period. 
Class A 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$25.97
$24.09
$19.74
$22.88
$24.45
$21.65
Income (loss) from investment operations
Net investment income (loss) (d)
$0.20
$0.47
$0.45
$0.45
$0.41
$0.46
Net realized and unrealized gain (loss)
2.26
2.26
5.11
(1.61
)
(0.48
)
3.52
Total from investment operations
$2.46
$2.73
$5.56
$(1.16
)
$(0.07
)
$3.98
Less distributions declared to shareholders
From net investment income
$(0.25
)
$(0.48
)
$(0.46
)
$(0.44
)
$(0.44
)
$(0.26
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.80
)
$(0.85
)
$(1.21
)
$(1.98
)
$(1.50
)
$(1.18
)
Net asset value, end of period (x)
$27.63
$25.97
$24.09
$19.74
$22.88
$24.45
Total return (%) (r)(s)(t)(x)
9.87
(n)
11.80
28.99
(6.06
)
(0.50
)
18.90
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.01
(a)
1.02
1.01
1.03
1.00
1.00
Expenses after expense reductions (f)
0.99
(a)
1.00
1.00
1.02
0.99
0.99
Net investment income (loss)
1.58
(a)
1.99
2.09
2.04
1.72
1.98
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$1,830,264
$1,753,312
$1,749,244
$1,577,695
$1,861,665
$1,951,571
 
See Notes to Financial Statements
6
MFS Utilities Fund
Financial Highlights - continued
Class B 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$25.89
$23.99
$19.64
$22.75
$24.30
$21.53
Income (loss) from investment operations
Net investment income (loss) (d)
$0.12
$0.29
$0.30
$0.29
$0.24
$0.30
Net realized and unrealized gain (loss)
2.25
2.26
5.07
(1.60
)
(0.49
)
3.49
Total from investment operations
$2.37
$2.55
$5.37
$(1.31
)
$(0.25
)
$3.79
Less distributions declared to shareholders
From net investment income
$(0.14
)
$(0.28
)
$(0.27
)
$(0.26
)
$(0.24
)
$(0.10
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.69
)
$(0.65
)
$(1.02
)
$(1.80
)
$(1.30
)
$(1.02
)
Net asset value, end of period (x)
$27.57
$25.89
$23.99
$19.64
$22.75
$24.30
Total return (%) (r)(s)(t)(x)
9.50
(n)
10.95
28.05
(6.76
)
(1.24
)
18.02
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.76
(a)
1.76
1.76
1.78
1.75
1.75
Expenses after expense reductions (f)
1.74
(a)
1.75
1.75
1.77
1.74
1.74
Net investment income (loss)
0.91
(a)
1.25
1.39
1.30
1.01
1.27
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$2,644
$4,271
$8,855
$15,416
$31,760
$49,750
 
Class C 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$25.82
$23.96
$19.63
$22.75
$24.30
$21.53
Income (loss) from investment operations
Net investment income (loss) (d)
$0.11
$0.29
$0.29
$0.28
$0.24
$0.30
Net realized and unrealized gain (loss)
2.26
2.24
5.08
(1.60
)
(0.49
)
3.49
Total from investment operations
$2.37
$2.53
$5.37
$(1.32
)
$(0.25
)
$3.79
Less distributions declared to shareholders
From net investment income
$(0.16
)
$(0.30
)
$(0.29
)
$(0.26
)
$(0.24
)
$(0.10
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.71
)
$(0.67
)
$(1.04
)
$(1.80
)
$(1.30
)
$(1.02
)
Net asset value, end of period (x)
$27.48
$25.82
$23.96
$19.63
$22.75
$24.30
Total return (%) (r)(s)(t)(x)
9.51
(n)
10.92
28.06
(6.77
)
(1.23
)
18.00
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.76
(a)
1.77
1.76
1.78
1.75
1.75
Expenses after expense reductions (f)
1.74
(a)
1.75
1.75
1.77
1.74
1.74
Net investment income (loss)
0.83
(a)
1.24
1.36
1.29
1.00
1.28
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$56,451
$54,345
$60,007
$65,272
$104,022
$149,761
 
See Notes to Financial Statements
7
MFS Utilities Fund
Financial Highlights - continued
Class I 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$26.13
$24.24
$19.85
$23.00
$24.57
$21.74
Income (loss) from investment operations
Net investment income (loss) (d)
$0.24
$0.53
$0.51
$0.51
$0.47
$0.53
Net realized and unrealized gain (loss)
2.28
2.27
5.14
(1.62
)
(0.48
)
3.54
Total from investment operations
$2.52
$2.80
$5.65
$(1.11
)
$(0.01
)
$4.07
Less distributions declared to shareholders
From net investment income
$(0.29
)
$(0.54
)
$(0.51
)
$(0.50
)
$(0.50
)
$(0.32
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.84
)
$(0.91
)
$(1.26
)
$(2.04
)
$(1.56
)
$(1.24
)
Net asset value, end of period (x)
$27.81
$26.13
$24.24
$19.85
$23.00
$24.57
Total return (%) (r)(s)(t)(x)
10.03
(n)
12.05
29.35
(5.84
)
(0.24
)
19.23
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
0.76
(a)
0.77
0.76
0.78
0.75
0.75
Expenses after expense reductions (f)
0.74
(a)
0.75
0.75
0.77
0.74
0.74
Net investment income (loss)
1.83
(a)
2.23
2.34
2.30
1.96
2.24
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$624,665
$569,881
$563,509
$541,544
$714,999
$687,188
 
Class R1 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$25.66
$23.82
$19.53
$22.65
$24.23
$21.47
Income (loss) from investment operations
Net investment income (loss) (d)
$0.10
$0.29
$0.28
$0.28
$0.23
$0.28
Net realized and unrealized gain (loss)
2.25
2.23
5.06
(1.58
)
(0.49
)
3.51
Total from investment operations
$2.35
$2.52
$5.34
$(1.30
)
$(0.26
)
$3.79
Less distributions declared to shareholders
From net investment income
$(0.16
)
$(0.31
)
$(0.30
)
$(0.28
)
$(0.26
)
$(0.11
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.71
)
$(0.68
)
$(1.05
)
$(1.82
)
$(1.32
)
$(1.03
)
Net asset value, end of period (x)
$27.30
$25.66
$23.82
$19.53
$22.65
$24.23
Total return (%) (r)(s)(t)(x)
9.49
(n)
10.93
28.05
(6.75
)
(1.27
)
18.06
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.76
(a)
1.76
1.76
1.78
1.75
1.75
Expenses after expense reductions (f)
1.74
(a)
1.75
1.75
1.77
1.74
1.74
Net investment income (loss)
0.81
(a)
1.25
1.33
1.29
0.96
1.23
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$5,386
$5,192
$4,727
$4,373
$5,243
$5,126
 
See Notes to Financial Statements
8
MFS Utilities Fund
Financial Highlights - continued
Class R2 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$25.87
$24.00
$19.66
$22.80
$24.36
$21.58
Income (loss) from investment operations
Net investment income (loss) (d)
$0.17
$0.41
$0.40
$0.40
$0.35
$0.41
Net realized and unrealized gain (loss)
2.26
2.25
5.09
(1.61
)
(0.47
)
3.50
Total from investment operations
$2.43
$2.66
$5.49
$(1.21
)
$(0.12
)
$3.91
Less distributions declared to shareholders
From net investment income
$(0.22
)
$(0.42
)
$(0.40
)
$(0.39
)
$(0.38
)
$(0.21
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.77
)
$(0.79
)
$(1.15
)
$(1.93
)
$(1.44
)
$(1.13
)
Net asset value, end of period (x)
$27.53
$25.87
$24.00
$19.66
$22.80
$24.36
Total return (%) (r)(s)(t)(x)
9.77
(n)
11.50
28.71
(6.33
)
(0.72
)
18.60
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.26
(a)
1.27
1.26
1.28
1.25
1.25
Expenses after expense reductions (f)
1.24
(a)
1.25
1.25
1.27
1.24
1.24
Net investment income (loss)
1.33
(a)
1.74
1.85
1.79
1.47
1.74
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$20,948
$20,297
$24,884
$29,316
$38,534
$41,968
 
Class R3 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$25.94
$24.07
$19.72
$22.86
$24.43
$21.63
Income (loss) from investment operations
Net investment income (loss) (d)
$0.20
$0.47
$0.45
$0.45
$0.41
$0.47
Net realized and unrealized gain (loss)
2.27
2.25
5.11
(1.61
)
(0.48
)
3.51
Total from investment operations
$2.47
$2.72
$5.56
$(1.16
)
$(0.07
)
$3.98
Less distributions declared to shareholders
From net investment income
$(0.25
)
$(0.48
)
$(0.46
)
$(0.44
)
$(0.44
)
$(0.26
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.80
)
$(0.85
)
$(1.21
)
$(1.98
)
$(1.50
)
$(1.18
)
Net asset value, end of period (x)
$27.61
$25.94
$24.07
$19.72
$22.86
$24.43
Total return (%) (r)(s)(t)(x)
9.92
(n)
11.76
29.01
(6.07
)
(0.49
)
18.91
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
1.01
(a)
1.02
1.01
1.03
1.00
1.00
Expenses after expense reductions (f)
0.99
(a)
1.00
1.00
1.02
0.99
0.99
Net investment income (loss)
1.59
(a)
1.99
2.09
2.05
1.71
1.99
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$155,515
$156,292
$164,372
$162,193
$217,043
$201,006
 
See Notes to Financial Statements
9
MFS Utilities Fund
Financial Highlights - continued
Class R4 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$26.01
$24.13
$19.77
$22.91
$24.48
$21.67
Income (loss) from investment operations
Net investment income (loss) (d)
$0.23
$0.53
$0.51
$0.51
$0.48
$0.53
Net realized and unrealized gain (loss)
2.28
2.26
5.11
(1.61
)
(0.49
)
3.52
Total from investment operations
$2.51
$2.79
$5.62
$(1.10
)
$(0.01
)
$4.05
Less distributions declared to shareholders
From net investment income
$(0.29
)
$(0.54
)
$(0.51
)
$(0.50
)
$(0.50
)
$(0.32
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.84
)
$(0.91
)
$(1.26
)
$(2.04
)
$(1.56
)
$(1.24
)
Net asset value, end of period (x)
$27.68
$26.01
$24.13
$19.77
$22.91
$24.48
Total return (%) (r)(s)(t)(x)
10.04
(n)
12.06
29.31
(5.81
)
(0.24
)
19.19
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
0.76
(a)
0.77
0.76
0.78
0.75
0.75
Expenses after expense reductions (f)
0.74
(a)
0.75
0.75
0.77
0.74
0.74
Net investment income (loss)
1.81
(a)
2.24
2.34
2.29
1.98
2.25
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$22,167
$17,849
$18,453
$17,643
$23,369
$25,766
 
Class R6 
Six months
ended
Year ended
 
4/30/26
(unaudited)
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Net asset value, beginning of period
$26.14
$24.25
$19.85
$23.01
$24.58
$21.75
Income (loss) from investment operations
Net investment income (loss) (d)
$0.25
$0.55
$0.52
$0.53
$0.49
$0.54
Net realized and unrealized gain (loss)
2.28
2.27
5.16
(1.63
)
(0.48
)
3.54
Total from investment operations
$2.53
$2.82
$5.68
$(1.10
)
$0.01
$4.08
Less distributions declared to shareholders
From net investment income
$(0.30
)
$(0.56
)
$(0.53
)
$(0.52
)
$(0.52
)
$(0.33
)
From net realized gain
(0.55
)
(0.37
)
(0.75
)
(1.54
)
(1.06
)
(0.92
)
Total distributions declared to shareholders
$(0.85
)
$(0.93
)
$(1.28
)
$(2.06
)
$(1.58
)
$(1.25
)
Net asset value, end of period (x)
$27.82
$26.14
$24.25
$19.85
$23.01
$24.58
Total return (%) (r)(s)(t)(x)
10.08
(n)
12.15
29.51
(5.79
)
(0.15
)
19.31
Ratios (%) (to average net assets)
and Supplemental data:
Expenses before expense reductions (f)
0.67
(a)
0.68
0.67
0.69
0.66
0.66
Expenses after expense reductions (f)
0.65
(a)
0.66
0.66
0.68
0.65
0.65
Net investment income (loss)
1.92
(a)
2.32
2.41
2.40
2.04
2.29
Portfolio turnover rate
6
(n)
14
6
15
23
12
Net assets at end of period (000 omitted)
$99,470
$95,363
$96,936
$79,981
$91,255
$79,499
 
See Notes to Financial Statements
10
MFS Utilities Fund
Financial Highlights - continued
(a)
Annualized.
(d)
Per share data is based on average shares outstanding.
(f)
Ratios do not reflect reductions from fees paid indirectly, if applicable. See Note 2 in the Notes to Financial Statements for additional information.
(n)
Not annualized.
(r)
Certain expenses have been reduced without which performance would have been lower.
(s)
From time to time the fund may receive proceeds from litigation settlements, without which performance would be lower.
(t)
Total returns do not include any applicable sales charges.
(x)
The net asset values and total returns have been calculated on net assets which include adjustments made in accordance with U.S. generally accepted
accounting principles required at period end for financial reporting purposes.
See Notes to Financial Statements
11
MFS Utilities Fund
Notes to Financial Statements (unaudited)
(1) Business and Organization
MFS Utilities Fund (the fund) is a diversified series of MFS Series Trust VI (the trust). The trust is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company.
The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.
(2) Significant Accounting Policies
General — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. In the preparation of these financial statements, management has evaluated subsequent events occurring after the date of the fund’s Statement of Assets and Liabilities through the date that the financial statements were issued. The fund invests primarily in securities of issuers in the utility industry. Issuers in a single industry can react similarly to market, currency, political, economic, regulatory, geopolitical, environmental, public health, and other conditions. The value of stocks in the utilities sector can be very volatile due to supply and/or demand for services or fuel, financing costs, conservation efforts, commodity prices, the negative impact of regulation, and other factors. The fund invests in foreign securities. Investments in foreign securities are vulnerable to the effects of changes in the relative values of the local currency and the U.S. dollar and to the effects of changes in each country’s market, economic, industrial, political, regulatory, geopolitical, environmental, public health, and other conditions.
Segment Reporting — An operating segment is defined in FASB Accounting Standards Codification Topic 280, Segment Reporting as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the entity’s chief operating decision maker (CODM) in making resource allocation decisions and assessing segment performance, and for which discrete financial information is available. The fund represents a single operating segment and the Chairman’s Committee of the fund's adviser acts as the segment’s CODM. The fund’s total returns, expense ratios, and changes in net assets which are used by the CODM to assess segment performance and to make resource allocation decisions to the segment are consistent with that presented within the fund’s financial statements.
Balance Sheet Offsetting — The fund's accounting policy with respect to balance sheet offsetting is that, absent an event of default by the counterparty or a termination of the agreement, the International Swaps and Derivatives Association (ISDA) Master Agreement, or similar agreement, does not result in an offset of reported amounts of financial assets and financial liabilities in the Statement of Assets and Liabilities across transactions between the fund and the applicable counterparty. The fund's right to setoff may be restricted or prohibited by the bankruptcy or insolvency laws of the particular jurisdiction to which a specific master netting agreement counterparty is subject. Balance sheet offsetting disclosures, to the extent applicable to the fund, have been included in the fund’s Significant Accounting Policies note under the captions for each of the fund’s in-scope financial instruments and transactions.
Investment Valuations — Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund’s investments to MFS as the fund's adviser, pursuant to the fund’s valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the “valuation designee” of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser’s fair valuation policy and procedures.
Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.
12
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
Under the fund’s valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser’s fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment’s value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund’s net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund’s net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund’s foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund’s net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund’s net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.
Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as forward foreign currency exchange contracts. The following is a summary of the levels used as of April 30, 2026 in valuing the fund's assets and liabilities:
 
Financial Instruments
Level 1
Level 2
Level 3
Total
Equity Securities:
United States
$2,458,392,390
$—
$—
$2,458,392,390
United Kingdom
61,394,173
76,206,274
—
137,600,447
Germany
80,137,129
—
—
80,137,129
Portugal
70,373,206
—
—
70,373,206
Italy
—
21,396,192
—
21,396,192
France
—
15,394,140
—
15,394,140
Denmark
11,462,784
—
—
11,462,784
Investment Companies
21,771,566
—
—
21,771,566
Total
$2,703,531,248
$112,996,606
$—
$2,816,527,854
 
Other Financial Instruments
 
 
 
 
Forward Foreign Currency Exchange
Contracts – Assets
$—
$799,718
$—
$799,718
Forward Foreign Currency Exchange
Contracts – Liabilities
—
(271,772
)
—
(271,772
)
For further information regarding security characteristics, see the Portfolio of Investments.
Foreign Currency Translation — Purchases and sales of foreign investments, income, and expenses are converted into U.S. dollars based upon currency exchange rates prevailing on the respective dates of such transactions or on the reporting date for foreign denominated receivables and payables. Gains and losses attributable to foreign currency exchange rates on sales of securities are recorded for financial statement purposes as net realized gains and losses on investments. Gains and losses attributable to foreign exchange rate movements on receivables, payables, income and expenses are recorded for financial statement purposes as foreign currency transaction gains and losses. That portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.
13
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
Derivatives — The fund uses derivatives primarily to increase or decrease exposure to a particular market or segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. Derivatives are used for hedging or non-hedging purposes. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. When the fund uses derivatives as an investment to increase market exposure, or for hedging purposes, gains and losses from derivative instruments may be substantially greater than the derivative’s original cost.
The derivative instruments used by the fund during the period were forward foreign currency exchange contracts. Depending on the type of derivative, a fund may exit a derivative position by entering into an offsetting transaction with a counterparty or exchange, negotiating an agreement with the derivative counterparty, or novating the position to a third party. The fund's period end derivatives, as presented in the Portfolio of Investments and the associated Derivative Contract tables, generally are indicative of the volume of its derivative activity during the period.
The following table presents, by major type of derivative contract, the fair value, on a gross basis, of the asset and liability components of derivatives held by the fund at April 30, 2026 as reported in the Statement of Assets and Liabilities: 
 
 
Fair Value
Risk
Derivative Contracts
Asset Derivatives
Liability Derivatives
Foreign Exchange
Forward Foreign Currency Exchange Contracts
$799,718
$(271,772)
The following table presents, by major type of derivative contract, the realized gain (loss) on derivatives held by the fund for the six months ended April 30, 2026 as reported in the Statement of Operations: 
Risk
Forward Foreign
Currency
Exchange
Contracts
Foreign Exchange
$(3,231,267
)
The following table presents, by major type of derivative contract, the change in unrealized appreciation or depreciation on derivatives held by the fund for the six months ended April 30, 2026 as reported in the Statement of Operations: 
Risk
Forward Foreign
Currency
Exchange
Contracts
Foreign Exchange
$(1,389,245
)
Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties. On certain, but not all, uncleared derivatives, the fund attempts to reduce its exposure to counterparty credit risk whenever possible by entering into an ISDA Master Agreement on a bilateral basis. The ISDA Master Agreement gives each party to the agreement the right to terminate all transactions traded under such agreement if there is a specified deterioration in the credit quality of the other party. Upon an event of default or a termination of the ISDA Master Agreement, the non-defaulting party has the right to close out all transactions traded under such agreement and to net amounts owed under each agreement to one net amount payable by one party to the other. This right to close out and net payments across all transactions traded under the ISDA Master Agreement could result in a reduction of the fund's credit risk to such counterparty equal to any amounts payable by the fund under the applicable transactions, if any.
Collateral and margin requirements differ by type of derivative. For exchange-traded and cleared derivatives (e.g., futures contracts, cleared swaps, and exchange-traded options), margin requirements are set by the exchange or clearing broker and the clearing house and collateral, in the form of cash or securities, is posted by the fund directly with the exchange or clearing broker. Collateral terms are counterparty agreement specific for uncleared derivatives (e.g., forward foreign currency exchange contracts, uncleared swap agreements, and uncleared options). Collateral, in the form of cash and securities, is held in segregated accounts with the fund's custodian in connection with these agreements. For derivatives traded under an ISDA Master Agreement, which contains a credit support annex, the collateral requirements are netted across all transactions traded under such counterparty-specific agreement and an amount is posted from one party to the other to collateralize such obligations. Cash that has been segregated or delivered to brokers to cover the fund's collateral or margin obligations under derivative contracts, if any, will be reported separately in the Statement of Assets and Liabilities as cash collateral posted for uncleared derivatives and/or cash pledged for exchange-traded or cleared derivatives. Securities pledged as collateral or margin for the same purpose, if any, are noted in the Portfolio of Investments. The fund may be required to make payments of interest on uncovered collateral or margin obligations with the broker. Any such payments are included in “Miscellaneous” expense in the Statement of Operations.
14
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
Forward Foreign Currency Exchange Contracts — The fund entered into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. These contracts may be used to hedge the fund’s currency risk or for non-hedging purposes. For hedging purposes, the fund may enter into contracts to deliver or receive foreign currency that the fund will receive from or use in its normal investment activities. The fund may also use contracts to hedge against declines in the value of foreign currency denominated securities due to unfavorable exchange rate movements. For non-hedging purposes, the fund may enter into contracts with the intent of changing the relative exposure of the fund’s portfolio of securities to different currencies to take advantage of anticipated exchange rate changes.
Forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any unrealized gains or losses are recorded as a receivable or payable for forward foreign currency exchange contracts until the contract settlement date. On contract settlement date, any gain or loss on the contract is recorded as realized gains or losses on forward foreign currency exchange contracts.
Risks may arise upon entering into these contracts from unanticipated movements in the value of the contract and from the potential inability of counterparties to meet the terms of their contracts. Generally, the fund’s maximum risk due to counterparty credit risk is the unrealized gain on the contract due to the use of Continuous Linked Settlement, a multicurrency cash settlement system for the centralized settlement of foreign transactions. This risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund’s exposure to the counterparty under such ISDA Master Agreement.
Security Loans — Under its Securities Lending Agency Agreement with the fund, JPMorgan Chase and Co., as lending agent, loans the securities of the fund to certain qualified institutions (the “Borrowers”) approved by the fund.  Security loans can be terminated at the discretion of either the lending agent or the fund and the related securities must be returned within the earlier of the standard trade settlement period for such securities or within three business days.  The loans are collateralized by cash and/or U.S. Treasury and federal agency obligations in an amount typically at least equal to the market value of the securities loaned. On loans collateralized by cash, the cash collateral is invested in a money market fund. The market value of the loaned securities is determined at the close of business of the fund and any additional required collateral is delivered to the fund on the next business day. The lending agent provides the fund with indemnification against Borrower default. In the event of Borrower default, the lending agent will, for the benefit of the fund, either purchase securities identical to those loaned or, when such purchase is commercially impracticable, pay the fund the market value of the loaned securities. In return, the lending agent assumes the fund's rights to the related collateral. If the collateral value is less than the cost to purchase identical securities, the lending agent is responsible for the shortfall, but only to the extent that such shortfall is not due to a decline in collateral value resulting from collateral reinvestment for which the fund bears the risk of loss. A portion of the income generated upon investment of the collateral is remitted to the Borrowers, and the remainder is allocated between the fund and the lending agent. On loans collateralized by U.S. Treasury and/or federal agency obligations, a fee is received from the Borrower, and is allocated between the fund and the lending agent. Income from securities lending is separately reported in the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. At April 30, 2026, there were no securities on loan or collateral outstanding.
Indemnifications — Under the fund's organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund enters into agreements with service providers that may contain indemnification clauses. The fund's maximum exposure under these agreements is unknown as this would involve future claims that may be made against the fund that have not yet occurred.
Investment Transactions and Income —  Dividends received in cash are recorded on the ex-dividend date. Certain dividends from foreign securities will be recorded when the fund is informed of the dividend if such information is obtained subsequent to the ex-dividend date. Dividend payments received in additional securities are recorded on the ex-dividend date in an amount equal to the value of the security on such date.
The fund may receive proceeds from litigation settlements. Any proceeds received from litigation involving portfolio holdings are reflected in the Statement of Operations in realized gain/loss if the security has been disposed of by the fund or in unrealized gain/loss if the security is still held by the fund. Any other proceeds from litigation not related to portfolio holdings are reflected as other income in the Statement of Operations.
Investment transactions are recorded on the trade date.  In determining the net gain or loss on securities sold, the cost of securities is determined on the identified cost basis.
Fees Paid Indirectly — The fund's custody fee may be reduced by a credit earned under an arrangement that measures the value of U.S. dollars deposited with the custodian by the fund. The amount of the credit, for the six months ended April 30, 2026, is shown as a reduction of total expenses in the Statement of Operations.
15
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
Tax Matters and Distributions — The fund intends to qualify as a regulated investment company, as defined under Subchapter M of the Internal Revenue Code, and to distribute all of its taxable income, including realized capital gains. As a result, no provision for federal income tax is required. The fund’s federal tax returns, when filed, will remain subject to examination by the Internal Revenue Service for generally a three year period. Management has analyzed the fund’s tax positions taken on federal and state tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability. Foreign taxes, if any, have been accrued by the fund in the accompanying financial statements in accordance with the applicable foreign tax law. Foreign income taxes may be withheld by certain countries in which the fund invests. Additionally, capital gains realized by the fund on securities issued in or by certain foreign countries may be subject to capital gains tax imposed by those countries.
Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles. Certain capital accounts in the financial statements are periodically adjusted for permanent differences in order to reflect their tax character. These adjustments have no impact on net assets or net asset value per share. Temporary differences which arise from recognizing certain items of income, expense, gain or loss in different periods for financial statement and tax purposes will reverse at some time in the future.
Book/tax differences primarily relate to wash sale loss deferrals, derivative transactions, and treating a portion of the proceeds from redemptions as a distribution for tax purposes.
The tax character of distributions made during the six months ended April 30, 2026 will be determined at fiscal year end. The tax character of distributions declared to shareholders for the last fiscal year is as follows: 
 
Year ended
10/31/25
Ordinary income (including any short-term capital gains)
$52,724,673
Long-term capital gains
40,303,161
Total distributions
$93,027,834
The federal tax cost and the tax basis components of distributable earnings were as follows: 
As of 4/30/26
Cost of investments
$1,592,249,252
Gross appreciation
1,224,278,602
Gross depreciation
—
Net unrealized appreciation (depreciation)
$1,224,278,602
As of 10/31/25
Undistributed ordinary income
1,445,062
Undistributed long-term capital gain
56,392,853
Other temporary differences
77,333
Net unrealized appreciation (depreciation)
1,064,845,914
The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.
Multiple Classes of Shares of Beneficial Interest — The fund offers multiple classes of shares, which differ in their respective distribution and service fees. The fund's income, realized and unrealized gain (loss), and common expenses are allocated to shareholders based on the daily net assets of each class. Dividends are declared separately for each class. Differences in per share dividend rates are generally due to differences in separate class expenses. Class B and Class C shares will convert to Class A shares approximately eight years after purchase. The fund’s distributions declared to shareholders as reported in the Statements of Changes in Net Assets are presented by class as follows: 
16
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
 
Six months
ended
4/30/26
Year
ended
10/31/25
Class A
$54,031,450
$60,028,577
Class B
106,174
198,556
Class C
1,478,305
1,593,931
Class I
18,408,620
20,607,795
Class R1
143,585
135,954
Class R2
602,155
735,083
Class R3
4,683,044
5,504,435
Class R4
571,785
680,184
Class R6
3,055,113
3,543,319
Total
$83,080,231
$93,027,834
(3) Transactions with Affiliates
Investment Adviser — The fund has an investment advisory agreement with MFS to provide overall investment management and related administrative services and facilities to the fund. The management fee is computed daily and paid monthly at the following annual rates based on the fund's average daily net assets: 
Up to $3 billion
0.60%
In excess of $3 billion and up to $10 billion
0.55%
In excess of $10 billion
0.50%
MFS has agreed in writing to reduce its management fee by a specified amount if certain MFS mutual fund assets exceed thresholds agreed to by MFS and the fund's Board of Trustees. MFS has also agreed in writing to waive at least 0.01% of its management fee as part of this agreement. The agreement to waive at least 0.01% of the management fee will continue until modified by the fund's Board of Trustees, but such agreement will continue at least until February 28, 2027. For the six months ended April 30, 2026, this management fee reduction amounted to $181,297, which is included in the reduction of total expenses in the Statement of Operations. The management fee incurred for the six months ended April 30, 2026 was equivalent to an annual effective rate of 0.59% of the fund's average daily net assets.
Distributor — MFS Fund Distributors, Inc. (MFD), a wholly-owned subsidiary of MFS, as distributor, received $51,806 for the six months ended April 30, 2026, as its portion of the initial sales charge on sales of Class A shares of the fund.
The Board of Trustees has adopted a distribution plan for certain share classes pursuant to Rule 12b-1 of the Investment Company Act of 1940.
The fund's distribution plan provides that the fund will pay MFD for services provided by MFD and financial intermediaries in connection with the distribution and servicing of certain share classes. One component of the plan is a distribution fee paid to MFD and another component of the plan is a service fee paid to MFD. MFD may subsequently pay all, or a portion, of the distribution and/or service fees to financial intermediaries. The distribution and service fees are computed daily and paid monthly.
17
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
Distribution Plan Fee Table: 
 
Distribution
Fee Rate (d)
Service
Fee Rate (d)
Total
Distribution
Plan (d)
Annual
Effective
Rate (e)
Distribution
and Service
Fee
Class A
—
0.25%
0.25%
0.25%
$2,174,144
Class B
0.75%
0.25%
1.00%
1.00%
17,101
Class C
0.75%
0.25%
1.00%
1.00%
266,536
Class R1
0.75%
0.25%
1.00%
1.00%
26,028
Class R2
0.25%
0.25%
0.50%
0.50%
49,983
Class R3
—
0.25%
0.25%
0.25%
188,251
Total Distribution and Service Fees
$2,722,043
(d)
 In accordance with the distribution plan for certain classes, the fund pays distribution and/or service fees equal to these annual percentage rates of each
class’s average daily net assets. The distribution and service fee rates disclosed by class represent the current rates in effect at the end of the reporting
period. Any rate changes, if applicable, are detailed below.
(e)
 The annual effective rates represent actual fees incurred under the distribution plan for the six months ended April 30, 2026 based on each class's average daily net assets.  MFD has voluntarily agreed to rebate a portion of each class's 0.25% service fee attributable to accounts for which there is no financial intermediary specified on the account except for accounts attributable to MFS or its affiliates' seed money. For the six months ended April 30, 2026, this rebate amounted to $597 and $4 for Class A and Class R2 shares, respectively, and is included in the reduction of total expenses in the Statement of Operations.
Certain Class A shares are subject to a contingent deferred sales charge (CDSC) in the event of a shareholder redemption within 18 months of purchase. Class B shares are subject to a CDSC in the event of a shareholder redemption within six years of purchase. Class C shares are subject to a CDSC in the event of a shareholder redemption within 12 months of purchase. All contingent deferred sales charges are paid to MFD and during the six months ended April 30, 2026, were as follows: 
 
Amount
Class A
$849
Class B
425
Class C
1,092
Shareholder Servicing Agent — MFS Service Center, Inc. (MFSC), a wholly-owned subsidiary of MFS, receives a fee from the fund for its services as shareholder servicing agent calculated as a percentage of the average daily net assets of the fund as determined periodically under the supervision of the fund's Board of Trustees. For the six months ended April 30, 2026, the fee was $294,682, which equated to 0.0221% annually of the fund's average daily net assets. MFSC also receives reimbursement from the fund for out-of-pocket expenses, sub-accounting and other shareholder servicing costs which may be paid to affiliated and unaffiliated service providers. Class R6 shares do not incur sub-accounting fees. For the six months ended April 30, 2026, these out-of-pocket expenses, sub-accounting and other shareholder servicing costs amounted to $1,244,584.
Administrator — MFS provides certain financial, legal, shareholder communications, compliance, and other administrative services to the fund. Under an administrative services agreement, the fund reimburses MFS the costs incurred to provide these services. The fund is charged an annual fixed amount of $17,500 plus a fee based on average daily net assets. The administrative services fee is computed daily and paid monthly. The administrative services fee incurred for the six months ended April 30, 2026 was equivalent to an annual effective rate of 0.0135% of the fund's average daily net assets.
Trustees’ and Officers’ Compensation — The fund pays compensation to independent Trustees in the form of a retainer, attendance fees, and additional compensation to Board and Committee chairpersons. Independent Trustees’ compensation is accrued daily and paid subsequent to each Trustee Board meeting. The fund does not pay compensation directly to Trustees or officers of the fund who are also officers of the investment adviser, all of whom receive remuneration from MFS for their services to the fund. Certain officers and Trustees of the fund are officers or directors of MFS, MFD, and MFSC.
Other — The fund invests in the MFS Institutional Money Market Portfolio which is managed by MFS and seeks current income consistent with preservation of capital and liquidity. This money market fund does not pay a management fee to MFS but does incur investment and operating costs.
The adviser has voluntarily undertaken to reimburse the fund from its own resources on a quarterly basis for the cost of investment research embedded in the cost of the fund’s securities trades. This agreement may be rescinded at any time. For the six months ended April 30, 2026, this reimbursement amounted to $33,215, which is included in “Other” income in the Statement of Operations.
18
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
(4) Portfolio Securities
For the six months ended April 30, 2026, purchases and sales of investments, other than short-term obligations, aggregated $152,463,764 and $240,675,235, respectively. 
(5) Shares of Beneficial Interest
The fund's Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest. Transactions in fund shares were as follows: 
 
Six months ended
4/30/26
Year ended
10/31/25
 
Shares
Amount
Shares
Amount
Shares sold
Class A
1,265,612
$33,040,414
2,748,126
$64,703,029
Class B
24
600
650
15,016
Class C
172,470
4,494,900
302,865
7,130,036
Class I
1,858,648
48,896,405
3,124,242
74,198,066
Class R1
41,355
1,092,467
64,772
1,519,527
Class R2
73,515
1,906,889
152,674
3,577,800
Class R3
379,202
10,015,377
808,628
19,130,606
Class R4
245,003
6,321,412
146,526
3,457,896
Class R6
474,408
12,540,452
978,840
23,594,486
 
4,510,237
$118,308,916
8,327,323
$197,326,462
Shares issued to shareholders
in reinvestment of distributions
Class A
2,063,408
$51,185,602
2,449,316
$56,705,511
Class B
4,308
106,139
8,654
198,523
Class C
58,683
1,444,704
67,672
1,554,812
Class I
667,567
16,678,622
798,864
18,615,381
Class R1
5,867
143,546
5,943
135,954
Class R2
24,335
600,965
31,849
733,730
Class R3
188,954
4,683,043
238,037
5,504,435
Class R4
20,753
515,550
26,914
623,889
Class R6
103,760
2,592,331
128,303
2,988,423
 
3,137,635
$77,950,502
3,755,552
$87,060,658
Shares reacquired
Class A
(4,615,380
)
$(120,061,079
)
(10,278,026
)
$(242,124,548
)
Class B
(73,417
)
(1,892,341
)
(213,418
)
(4,996,991
)
Class C
(281,268
)
(7,236,234
)
(770,556
)
(18,015,952
)
Class I
(1,874,737
)
(48,775,636
)
(5,360,754
)
(126,125,741
)
Class R1
(52,261
)
(1,360,159
)
(66,790
)
(1,599,600
)
Class R2
(121,474
)
(3,135,001
)
(436,675
)
(10,253,000
)
Class R3
(959,514
)
(24,862,543
)
(1,850,653
)
(43,857,296
)
Class R4
(151,166
)
(3,921,679
)
(251,840
)
(5,905,296
)
Class R6
(651,046
)
(17,090,340
)
(1,456,489
)
(34,434,439
)
 
(8,780,263
)
$(228,335,012
)
(20,685,201
)
$(487,312,863
)
19
MFS Utilities Fund
Notes to Financial Statements (unaudited) - continued 
 
Six months ended
4/30/26
Year ended
10/31/25
 
Shares
Amount
Shares
Amount
Net change
Class A
(1,286,360
)
$(35,835,063
)
(5,080,584
)
$(120,716,008
)
Class B
(69,085
)
(1,785,602
)
(204,114
)
(4,783,452
)
Class C
(50,115
)
(1,296,630
)
(400,019
)
(9,331,104
)
Class I
651,478
16,799,391
(1,437,648
)
(33,312,294
)
Class R1
(5,039
)
(124,146
)
3,925
55,881
Class R2
(23,624
)
(627,147
)
(252,152
)
(5,941,470
)
Class R3
(391,358
)
(10,164,123
)
(803,988
)
(19,222,255
)
Class R4
114,590
2,915,283
(78,400
)
(1,823,511
)
Class R6
(72,878
)
(1,957,557
)
(349,346
)
(7,851,530
)
 
(1,132,391
)
$(32,075,594
)
(8,602,326
)
$(202,925,743
)
Effective June 1, 2019, purchases of the fund's Class B shares were closed to new and existing investors subject to certain exceptions.
Effective September 29, 2023, purchases of the fund's Class R1 and R2 shares were closed to new eligible investors.
(6) Line of Credit
The fund and certain other funds managed by MFS participate in a $1.45 billion unsecured committed line of credit of which $1.2 billion is reserved for use by the fund and certain other MFS U.S. funds. The line of credit is provided by a syndicate of banks under a credit agreement. Borrowings may be made for temporary financing needs. Interest is charged to each fund, based on its borrowings, generally at a rate equal to the highest of 1) Daily Simple SOFR (Secured Overnight Financing Rate), 2) the Federal Funds Effective Rate, or 3) the Overnight Bank Funding Rate, each plus an agreed upon spread. A commitment fee, based on the average daily unused portion of the committed line of credit, is allocated among the participating funds. The line of credit expires on March 11, 2027 unless extended or renewed. In addition, the fund and other funds managed by MFS have established unsecured uncommitted borrowing arrangements with certain banks for temporary financing needs. Interest is charged to each fund, based on its borrowings, at rates equal to customary reference rates plus an agreed upon spread. For the six months ended April 30, 2026, the fund’s commitment fee and interest expense were $5,864 and $0, respectively, and are included in “Miscellaneous” expense in the Statement of Operations.
(7) Investments in Affiliated Issuers
An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the six months ended April 30, 2026: 
Affiliated Issuers
Beginning
Value
Purchases
Sales
Proceeds
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
or
Depreciation
Ending
Value
MFS Institutional Money Market
Portfolio
$21,918,644
$146,966,889
$147,112,464
$(1,002
)
$(501
)
$21,771,566
 
Affiliated Issuers
Dividend
Income
Capital Gain
Distributions
MFS Institutional Money Market Portfolio
$387,780
$—
20
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
There is nothing to report for this item for MFS Utilities Fund.
ITEM 9.  PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
There is nothing to report for this item for MFS Utilities Fund.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
This information is disclosed as part of the financial statements included in Item 7 above for MFS Utilities Fund. See the Statement of Operations and Note 3 within the Notes to Financial Statements for more information.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Not Applicable.
21


ITEM 12.  DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the Registrant.


ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. 

Not applicable to the Registrant.


ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable to the Registrant.


ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were no material changes to the procedures by which shareholders may send recommendations to the Board for nominees to the Registrant’s Board since the Registrant last provided disclosure as to such procedures in response to the requirements of Item 407 (c)(2)(iv) of Regulation S-K or this Item.


ITEM 16.  CONTROLS AND PROCEDURES.

  • Based upon their evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as conducted within 90 days of the filing date of this report on Form N-CSR, the Registrant’s principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the Registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

  • There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by the report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. 


ITEM 17.  DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the Registrant.


ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable to the Registrant.


ITEM 19.  EXHIBITS.

  • Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit:  Not applicable.

  • Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant’s securities are listed. Not applicable.

  • A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2):  Attached hereto as EX-99.302CERT.

  • Any written solicitation to purchase securities under Rule 23c-1 under the Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.  Not applicable.

  • Change in the registrant's independent public accountant.  Not applicable.

  • If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit.  A certification furnished pursuant to this paragraph will not be deemed “filed” for the purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section.  Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Attached hereto as EX-99.906CERT.


Notice

A copy of the Amended and Restated Declaration of Trust, as amended, of the Registrant is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that this instrument is executed on behalf of the Registrant by an officer of the Registrant as an officer and not individually and the obligations of or arising out of this instrument are not binding upon any of the Trustees or shareholders individually, but are binding only upon the assets and property of the respective constituent series of the Registrant.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  MFS SERIES TRUST VI                                                          

By (Signature and Title)*

/S/ DAVID L. DILORENZO

David L. DiLorenzo, President

Date:   June 12, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*

/S/ DAVID L. DILORENZO

David L. DiLorenzo, President (Principal Executive Officer)

Date:  June 12, 2026

By (Signature and Title)*

/S/ KASEY L. PHILLIPS                                           

Kasey L. Phillips, Treasurer (Principal Financial Officer and Accounting Officer)

Date:  June 12, 2026

*  Print name and title of each signing officer under his or her signature.


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

99.302

EX-101.SCH

99.906

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