(PUB) Investing 2016

23

February 2016

Morningstar FundInvestor

Data through January 31, 2016 FINRA members: For internal or institutional use only. MFS Growth A

Ticker MFEGX

Yield 0.0%

Total Assets $11,204 mil

Mstar Category Large Growth

Benchmark 1: Russell 1000 Growth TR USD Benchmark 2: S&P 500 TR USD Morningstar Analyst Rating 12-16-15 „

Investment Style Equity

Historical Profile Return Risk Rating Above Avg Below Avg QQQQ Above Avg

7 7 7 7 7 7 7 7

Growth of $10,000

20.0

Investment Values of Fund Investment Values of Benchmark 1

15.0

Morningstar Pillars Process

∞ Positive ∞ Positive ∞ Positive ∞ Positive ∞ Positive

10.0

Performance

People Parent

Performance Quartile (within Category)

* & * * * * * & ( & & 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 01-16 37.35 42.01 26.21 36.22 41.89 41.64 48.76 65.41 68.19 70.33 66.76 7.54 20.82 -37.61 38.19 15.65 -0.60 17.10 36.28 8.52 7.11 -5.08 -1.53 9.01 0.83 0.98 -1.06 -3.24 1.84 2.80 -4.53 1.44 0.51 -8.25 15.33 -0.61 11.73 0.59 -2.71 1.10 3.89 -5.17 5.73 -0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.54 20.82 -37.61 38.19 15.65 -0.60 17.10 36.28 8.52 7.11 -5.08

Price

History

Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á

NAV

Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $

Pillar Spectrum ∞ Positive

46

16

26

33

47

35

28

25

69

21

10

§ Negative

¶ Neutral

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.08 0.00 0.00 0.00 0.00 0.00 1.00 2.79 2.70 0.00

Performance 01-31-16 1st Qtr 2nd Qtr

. . . . . .

1.29 1.22 1.29 1.39 1.30 1.21 1.11 1.05 1.02 -0.56 -0.21 -0.12 -0.25 -0.21 0.00 -0.11 0.05 -0.13

3rd Qtr

4th Qtr

Total

2011 2012 2013 2014 2015

4.89 -0.50 -12.10 8.35 -0.60 15.30 -5.46 7.60 -0.16 17.10 9.54 1.48 10.68 10.77 36.28 -0.23 2.85 0.78 4.94 8.52 3.42 0.16 -4.61 8.40 7.11

124

72

121

108

103

80

50

32

33

2,119 2,134 1,219 1,596 1,753 2,219 2,659 3,902 4,227 4,396 4,175

Rating and Risk Time Period Load-Adj Return %

Portfolio Analysis 12-31-15 Total Stocks: 88 Share change since 11-30-15

Morningstar Rtn vs Cat

Morningstar Risk vs Cat

Morningstar Risk-Adj Rating

Sector

YTD Ret % % Assets -3.95 3.98 -13.15 3.89 -2.14 3.75 7.21 3.36 -8.36 2.85 — 2.80 -8.89 2.60 -6.90 2.60 -5.12 2.38 -7.52 2.25 -5.88 2.19 4.55 2.05 -8.98 1.98 2.94 1.88 -0.70 1.75 -5.12 1.73 1.23 1.71 -6.43 1.66 -16.47 1.65 31.15 1.06 3.71 1.24 16.48 0.86 10.69 2.09 0.27 0.13 39.16 0.93 5.01 0.93 0.24 0.47 10.03 0.82 23.88 0.99 29.68 1.05 10.45 0.91 19.23 1.14 0.00 0.00 % of Stocks Rel Bmark 1

Trailing

Total Return%

+/- Bmark 1

+/- Bmark 2

%Rank Cat

Growth of $10,000

Visa Inc Class A Amazon.com Inc

Finan Svcs Cnsmr Cyc Technology Technology Finan Svcs Technology Technology Technology Comm Svcs Cnsmr Cyc Hlth Care Finan Svcs Industrl Hlth Care Technology Hlth Care Cnsmr Cyc Cnsmr Def Cnsmr Cyc

1 Yr 3 Yr 5 Yr

-2.24 10.61 10.38

3 Mo 6 Mo

-4.99 1.72 1.19 -6.10 1.08 0.67 3.73 2.41 4.39 12.81 -0.21 1.51 11.69 0.02 0.78 7.92 0.20 1.44 3.02 -0.45 3.52

4 9,501 6 9,390 5 10,373 18 14,356 13 17,382 10 21,437 64 15,624

-Avg QQQ -Avg QQQQ -Avg QQQQ

Avg Avg

T Alphabet Inc Class A Facebook Inc Class A

1 Yr

10 Yr Incept

7.29 7.88

+Avg

3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg

MasterCard Inc Class A Alphabet Inc Class C Capi

Danaher Corp

Other Measures

Standard Index

Best Fit Index

T Thermo Fisher Scientific

Alpha

1.6

0.5

Adobe Systems Inc

Beta

0.98

0.98

Tax Analysis

Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat

Y Apple Inc

R-Squared

85

94

3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)

9.80 9.89 6.94

29 18 12

0.73 0.44 0.33

17 14 15

T American Tower Corp

Standard Deviation

11.65 12.81

Ross Stores Inc

Mean

Y Allergan PLC

Sharpe Ratio

1.09

Intercontinental Exchange

Potential Capital Gain Exposure: 29% of assets

Salesforce.com Inc

Technology -13.19 1.76

Morningstar's Take by Andrew Daniels 12-16-15 MFS Growth has outperformed its average peer in the largegrowthMorningstarCategory ineverycalendaryear butonesincemanagerEricFischman took the lead inApril 2004. And even when the fund lagged in 2014, it returned a solid 8.5%, although that trailed the Russell 1000 Growth Index’s 13.1% return and its average peer’s 10.0% gain. The fund has rebounded so far in 2015 as several of 2014’s underperformers, such as Alphabet GOOGL and Amazon AMZN, have rebounded. The fund has delivered over the long term. Its 9.4% annualized gain under Fischman's leadership through November 2015 beats 86% of its large-growth peers and exceeds the 8.4% annualized gain of the Russell 1000 Growth Index. It’s been a tad more volatile than most rivals but has compensated investors with additional returns and decent downside protection. The fund lost 48.6% in the bear market from October 2007 through March 2009, but that was below the 52.6% hit taken by its typical peer. The fund’s Sharpe ratio--a measure of risk-adjusted returns--is 0.57, compared with the benchmark’s 0.53, and beat 90% of its peers.

T Microsoft Corp

Bristol-Myers Squibb Comp

Fischman and comanager Matthew Sabel seek to identify companies whose pricing power will produce sustainable long-term earnings growth within a large untapped market. The fund has held American Tower AMT since 1998 based on the belief that the cell tower company will benefit from an ever-increasing use of mobile devices because it has established an infrastructure that is difficult for competitors to replicate. The team pays little attention to short-term earnings figures, thus the portfolio's price multiples tend to run higher than the Russell 1000 Growth Index's and its large- growth peers. Instead, the team holds firms that they believe are undervalued according to their internal long- term outlook. This fund’s managers have a clear vision of the type of firm they’ll hold, assemble a diversified portfolio of stocks, and stick to their knitting. This patient, methodical approach has built an impressive track record over the long term, earning the fund a Morningstar Analyst Rating of Silver.

T Starbucks Corp

T Costco Wholesale Corp Y Priceline Group Inc

Current Investment Style

Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities

Market Cap % Giant 39.8 Large 50.8 Mid 9.1 Small 0.3 Micro 0.0 Avg $mil: 64,351

Value Blend Growth

Large Mid Small

Value Measures

Rel Category

Price/Earnings 25.12

1.16 1.26 1.17 1.34 0.70 1.11 1.34 1.19 0.91 1.01

Price/Book Price/Sales

4.63 2.79

Price/Cash Flow 18.65 Dividend Yield % 0.87

Growth Measures

% Rel Category

Long-Term Erngs 14.21

Book Value

13.02 10.33

Composition - Net

Sales

Cash 2.6 Stocks 97.2 Bonds 0.0 Other 0.2 Foreign 2.6 (% of Stock)

Address:

MFS Series Trust II Boston, MA 2199

Minimum Purchase: Min Auto Inv Plan:

$1000

Add: — IRA: $250

Cash Flow 10.69 Historical Erngs 12.54

— Add: —

800-225-2606

Sales Fees:

5.75%L

Web Address:

http://www.mfs.com

Management Fee:

0.75% mx./0.50% mn. Mgt:0.62% Dist:0.25%

Profitability

%

Inception:

09-13-93

Actual Fees:

Return on Equity Return on Assets

20.91

Advisor:

Massachusetts Financial Services Co

Expense Projections: Income Distribution:

3Yr:$875 5Yr:$1098 10Yr:$1738

9.28

Subadvisor:

None

Annually

Net Margin

14.86

A

ß ® Mutual Funds

©2016Morningstar, Inc.All rights reserved. The information herein is not represented orwarranted to be accurate, complete or timely. Past performance is no guarantee of future results.Access updated reports at www.morningstar.com . To order reprints, email reprints@morningstar.com