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Portfolio of Investments

7/31/26 (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 ($)
Mutual Funds (h) – 100.2%
Bond Funds – 4.9%
MFS Inflation-Adjusted Bond Fund - Class R6	3,382	$30,031
MFS Total Return Bond Fund - Class R6	3,174	29,806
		$59,837
International Equity Funds – 28.6%
MFS Blended Research Emerging Markets Equity Fund - Class R6	549	$12,303
MFS Blended Research International Equity Fund - Class R6	6,790	137,567
MFS Emerging Markets Equity Fund - Class R6	235	12,312
MFS International Growth Fund - Class R6	883	43,359
MFS International Intrinsic Equity Fund - Class R6	923	43,890
MFS International New Discovery Fund - Class R6	1,365	49,562
MFS Research International Fund - Class R6	1,738	50,581
		$349,574
Non-Traditional Funds – 10.2%
MFS Commodity Strategy Fund - Class R6	14,143	$61,098
MFS Global Real Estate Fund - Class R6	3,539	64,519
		$125,617
U.S. Equity Funds – 55.6%
MFS Blended Research Core Equity Fund - Class R6	1,286	$56,598
MFS Blended Research Growth Equity Fund - Class R6	2,093	60,752
MFS Blended Research Mid Cap Equity Fund - Class R6	7,075	124,658
MFS Blended Research Small Cap Equity Fund - Class R6	1,770	30,097
MFS Blended Research Value Equity Fund - Class R6	3,630	69,401
MFS Growth Fund - Class R6	302	60,891
MFS Mid Cap Growth Fund - Class R6	2,058	59,857
MFS Mid Cap Value Fund - Class R6	1,738	62,433
MFS New Discovery Fund - Class R6 (a)	386	15,148
MFS New Discovery Value Fund - Class R6	821	15,304
MFS Research Fund - Class R6	941	56,198
MFS Value Fund - Class R6	1,254	68,859
		$680,196
Money Market Funds – 0.9%
MFS Institutional Money Market Portfolio, 3.73% (v)	10,848	$10,850
Total Mutual Funds		$1,226,074

Other Assets, Less Liabilities – (0.2)%		(2,888 )
Net Assets – 100.0%		$1,223,186

(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 value of the fund’s investments in affiliated issuers was $1,226,074.
(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.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

Supplemental Information

7/31/26 (unaudited)

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.

(1) Investment Valuations

Open-end investment companies (underlying funds) are generally valued at their net asset value per share. The investments of underlying funds managed by the adviser are valued as described below. For purposes of this policy disclosure, “fund” also refers to the underlying funds in which the fund-of-funds invests.

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 and equity securities sold short, 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. Equity securities sold short, for which there were no sales reported that day,

are generally valued at the last quoted daily ask 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. Debt instruments sold short are generally valued at an evaluated or composite mean 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 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. Funds traded on a recognized securities exchange (such as Exchange Traded Funds or Closed End Funds) are generally valued at the official closing price on their primary market or exchange as provided by a third-party pricing service. If no sales are reported that day for these funds, generally

they will be valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. 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

Supplemental Information (unaudited) – continued

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 July 31, 2026 in valuing the fund's assets and liabilities:

Financial Instruments	Level 1	Level 2	Level 3	Total
Investment Companies	$1,226,074	$—	$—	$1,226,074

For further information regarding security characteristics, see the Portfolio of Investments. Please refer to the underlying funds’ financial

statements for further information regarding the levels used in valuing the underlying funds’ assets and liabilities.

(2) 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 period ended July 31, 2026:

Affiliated Issuers	Beginning Value	Purchases	Sales Proceeds	Realized Gain (Loss)	Change in Unrealized Appreciation or Depreciation	Ending Value
MFS Blended Research Core Equity Fund	$—	$55,511	$46	$1	$1,132	$56,598
MFS Blended Research Emerging Markets Equity Fund	—	12,483	43	—	(137 )	12,303
MFS Blended Research Growth Equity Fund	—	62,256	3	—	(1,501 )	60,752
MFS Blended Research International Equity Fund	—	135,786	259	1	2,039	137,567
MFS Blended Research Mid Cap Equity Fund	—	120,000	2,684	126	7,216	124,658
MFS Blended Research Small Cap Equity Fund	—	30,097	178	3	175	30,097
MFS Blended Research Value Equity Fund	—	66,000	1,148	48	4,501	69,401
MFS Commodity Strategy Fund	—	63,066	—	—	(1,968 )	61,098
MFS Emerging Markets Equity Fund	—	12,492	4	—	(176 )	12,312
MFS Global Real Estate Fund	—	62,092	496	11	2,912	64,519
MFS Growth Fund	—	62,735	2	—	(1,842 )	60,891
MFS Inflation-Adjusted Bond Fund	—	30,882	24	—	(827 )	30,031
MFS Institutional Money Market Portfolio	—	19,997	9,149	—	2	10,850
MFS International Growth Fund	—	43,213	7	—	153	43,359
MFS International Intrinsic Equity Fund	—	43,289	24	—	625	43,890
MFS International New Discovery Fund	—	49,461	—	—	101	49,562
MFS Mid Cap Growth Fund	—	60,678	522	12	(311 )	59,857
MFS Mid Cap Value Fund	—	60,000	1,198	51	3,580	62,433
MFS New Discovery Fund	—	15,147	145	4	142	15,148
MFS New Discovery Value Fund	—	15,508	203	7	(8 )	15,304
MFS Research Fund	—	55,807	11	—	402	56,198
MFS Research International Fund	—	48,887	79	1	1,772	50,581
MFS Total Return Bond Fund	—	30,308	91	—	(411 )	29,806
MFS Value Fund	—	66,275	772	19	3,337	68,859
	$—	$1,221,970	$17,088	$284	$20,908	$1,226,074

Affiliated Issuers	Dividend Income	Capital Gain Distributions
MFS Blended Research Core Equity Fund	$—	$—
MFS Blended Research Emerging Markets Equity Fund	—	—
MFS Blended Research Growth Equity Fund	—	—

Affiliated Issuers − continued	Dividend Income	Capital Gain Distributions
MFS Blended Research International Equity Fund	$—	$—
MFS Blended Research Mid Cap Equity Fund	—	—
MFS Blended Research Small Cap Equity Fund	—	—
MFS Blended Research Value Equity Fund	—	—
MFS Commodity Strategy Fund	—	—
MFS Emerging Markets Equity Fund	—	—
MFS Global Real Estate Fund	—	—
MFS Growth Fund	—	316
MFS Inflation-Adjusted Bond Fund	539	—
MFS Institutional Money Market Portfolio	—	—
MFS International Growth Fund	—	—
MFS International Intrinsic Equity Fund	—	—
MFS International New Discovery Fund	—	—
MFS Mid Cap Growth Fund	—	—
MFS Mid Cap Value Fund	—	—
MFS New Discovery Fund	—	—
MFS New Discovery Value Fund	35	472
MFS Research Fund	—	—
MFS Research International Fund	—	—
MFS Total Return Bond Fund	—	—
MFS Value Fund	275	—
	$849	$788