0001752724-23-236759.txt : 20231025 0001752724-23-236759.hdr.sgml : 20231025 20231025134506 ACCESSION NUMBER: 0001752724-23-236759 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231025 DATE AS OF CHANGE: 20231025 PERIOD START: 20231130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MFS SERIES TRUST II CENTRAL INDEX KEY: 0000798250 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04775 FILM NUMBER: 231344978 BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 21ST FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 21ST FLOOR CITY: BOSTON STATE: MA ZIP: 02199 FORMER COMPANY: FORMER CONFORMED NAME: MFS SERIES TRUST II /MA/ DATE OF NAME CHANGE: 19940131 FORMER COMPANY: FORMER CONFORMED NAME: MFS LIFETIME EMERGING GROWTH FUND DATE OF NAME CHANGE: 19930408 FORMER COMPANY: FORMER CONFORMED NAME: LIFETIME EMERGING GROWTH TRUST DATE OF NAME CHANGE: 19920703 0000798250 S000002419 MFS Growth Fund C000006430 A MFEGX C000006431 R4 MFEJX C000006435 B MEGBX C000006436 C MFECX C000006437 I MFEIX C000006439 R1 MFELX C000006441 R2 MEGRX C000006442 R3 MFEHX C000102727 R6 MFEKX NPORT-P 1 primary_doc.xml NPORT-P false 0000798250 XXXXXXXX S000002419 C000102727 C000006430 C000006442 C000006435 C000006439 C000006436 C000006441 C000006437 C000006431 MFS Series Trust II 811-04775 0000798250 549300W3GYF777J7J466 111 Huntington Avenue Boston 02199 617-954-5000 MFS Growth Fund S000002419 K4ZYIH3WSXKUSPKIPM59 2023-11-30 2023-08-31 N 39289043129.69 23026150.39 39266016979.30 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Eaton Corp. plc 549300VDIGTMXUNT7H71 Eaton Corp. plc N/A 2442554.00000000 NS USD 562691164.98000000 1.433023281369 Long EC CORP IE N 1 N N N Cadence Design Systems, Inc. GCT7RXJOGLXPV0NXZY22 Cadence Design Systems, Inc. 127387108 2630967.00000000 NS USD 632589705.48000000 1.611036092134 Long EC CORP US N 1 N N N Vulcan Materials Co. 549300Q8LSNHAVWBNI21 Vulcan Materials Co. 929160109 3319495.00000000 NS USD 724479783.75000000 1.845055443570 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class A 02079K305 18586120.00000000 NS USD 2530871960.40000000 6.445451194436 Long EC CORP US N 1 N N N CME Group, Inc. LCZ7XYGSLJUHFXXNXD88 CME Group, Inc. 12572Q105 791042.00000000 NS USD 160328392.56000000 0.408313358201 Long EC CORP US N 1 N N N Amphenol Corp. 549300D3L3G0R4U4VT04 Amphenol Corp., Class A 032095101 3482893.00000000 NS USD 307818083.34000000 0.783929990918 Long EC CORP US N 1 N N N AMETEK, Inc. 549300WZDEF9KKE40E98 AMETEK, Inc. 031100100 3047271.00000000 NS USD 486070197.21000000 1.237890253717 Long EC CORP US N 1 N N N CoStar Group, Inc. N/A CoStar Group, Inc. 22160N109 5550306.00000000 NS USD 455069588.94000000 1.158940029949 Long EC CORP US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 4922982.00000000 NS USD 2429737766.10000000 6.187889562063 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 17653341.00000000 NS USD 2436337591.41000000 6.204697544684 Long EC CORP US N 1 N N N Hilton Worldwide Holdings, Inc. 549300HVGPK36ICB0B89 Hilton Worldwide Holdings, Inc. 43300A203 2609904.00000000 NS USD 387962229.60000000 0.988035608003 Long EC CORP US N 1 N N N MFS Institutional Money Market Portfolio 5L2W638H85N8T1136O07 MFS Institutional Money Market Portfolio, Class A 55291X109 570652259.28400000 NS USD 570709324.51000000 1.453443380343 Long STIV RF US N 1 N N N KLA Corp. 549300H0BF5JCG96TJ81 KLA Corp. 482480100 472480.00000000 NS USD 237123537.60000000 0.603889968582 Long EC CORP US N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co. 532457108 1551917.00000000 NS USD 860072401.40000000 2.190373426093 Long EC CORP US N 1 N N N Howmet Aerospace, Inc. 549300HO5WFZUT5N2T22 Howmet Aerospace, Inc. 443201108 4761773.00000000 NS USD 235564910.31000000 0.599920563458 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class C 02079K107 4976320.00000000 NS USD 683497552.00000000 1.740684705454 Long EC CORP US N 1 N N N Boston Scientific Corp. Y6ZDD9FP4P8JSSJMW954 Boston Scientific Corp. 101137107 14063880.00000000 NS USD 758605687.20000000 1.931964954835 Long EC CORP US N 1 N N N Intuit, Inc. VI90HBPH7XSFMB9E4M29 Intuit, Inc. 461202103 855211.00000000 NS USD 463361871.91000000 1.180058247706 Long EC CORP US N 1 N N N Apple, Inc. HWUPKR0MPOU8FGXBT394 Apple, Inc. 037833100 12552422.00000000 NS USD 2358223521.14000000 6.005761985951 Long EC CORP US N 1 N N N ICON plc 6354008SRQGEMC4XFI67 ICON plc N/A 515477.00000000 NS USD 133993091.38000000 0.341244418680 Long EC CORP IE N 1 N N N Gartner, Inc. PP55B5R38BFB8O8HH686 Gartner, Inc. 366651107 778809.00000000 NS USD 272333931.12000000 0.693561384806 Long EC CORP US N 1 N N N Argenx SE 7245009C5FZE6G9ODQ71 Argenx SE 04016X101 221139.00000000 NS USD 111120136.11000000 0.282993144348 Long EC CORP NL N 1 N N N American Express Co. R4PP93JZOLY261QX3811 American Express Co. 025816109 410915.00000000 NS USD 64920460.85000000 0.165334978804 Long EC CORP US N 1 N N N Spotify Technology SA 549300B4X0JHWV0DTD60 Spotify Technology SA N/A 1414122.00000000 NS USD 217732364.34000000 0.554505857965 Long EC CORP LU N 1 N N N Mastercard, Inc. AR5L2ODV9HN37376R084 Mastercard, Inc., Class A 57636Q104 3737299.00000000 NS USD 1542159059.36000000 3.927464963337 Long EC CORP US N 1 N N N Las Vegas Sands Corp. 549300DUOO1KXOHPM605 Las Vegas Sands Corp. 517834107 1772094.00000000 NS USD 97217076.84000000 0.247585786180 Long EC CORP US N 1 N N N Arista Networks, Inc. 635400H1WKBLOQERUU95 Arista Networks, Inc. 040413106 748791.00000000 NS USD 146186466.93000000 0.372297671564 Long EC CORP US N 1 N N N Lululemon Athletica, Inc. 549300D9GZ4BMLDW5T40 Lululemon Athletica, Inc. 550021109 368327.00000000 NS USD 140428352.02000000 0.357633299282 Long EC CORP US N 1 N N N Becton Dickinson & Co. ICE2EP6D98PQUILVRZ91 Becton Dickinson & Co. 075887109 1501407.00000000 NS USD 419568186.15000000 1.068527491268 Long EC CORP US N 1 N N N Marvell Technology, Inc. N/A Marvell Technology, Inc. 573874104 1556086.00000000 NS USD 90642009.50000000 0.230840855459 Long EC CORP US N 1 N N N Johnson Controls International plc 549300XQ6S1GYKGBL205 Johnson Controls International plc N/A 4799577.00000000 NS USD 283463017.62000000 0.721904179304 Long EC CORP IE N 1 N N N LVMH Moet Hennessy Louis Vuitton SE IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE N/A 529283.00000000 NS 448926499.57000000 1.143295231106 Long EC CORP FR N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV N/A 811804.00000000 NS USD 536220896.12000000 1.365610615415 Long EC CORP NL N 1 N N N Chipotle Mexican Grill, Inc. N/A Chipotle Mexican Grill, Inc. 169656105 86336.00000000 NS USD 166338391.04000000 0.423619210289 Long EC CORP US N 1 N N N Adobe, Inc. FU4LY2G4933NH2E1CP29 Adobe, Inc. 00724F101 349657.00000000 NS USD 195577146.38000000 0.498082467806 Long EC CORP US N 1 N N N Hess Corp. UASVRYNXNK17ULIGK870 Hess Corp. 42809H107 1767447.00000000 NS USD 273070561.50000000 0.695437384555 Long EC CORP US N 1 N N N Veeva Systems, Inc. 549300YZEXPDB92M2F02 Veeva Systems, Inc., Class A 922475108 499249.00000000 NS USD 104193266.30000000 0.265352267216 Long EC CORP US N 1 N N N Autodesk, Inc. FRKKVKAIQEF3FCSTPG55 Autodesk, Inc. 052769106 516793.00000000 NS USD 114697038.42000000 0.292102553922 Long EC CORP US N 1 N N N MSCI, Inc. 549300HTIN2PD78UB763 MSCI, Inc. 55354G100 1175548.00000000 NS USD 639051403.76000000 1.627492302305 Long EC CORP US N 1 N N N Sherwin-Williams Co. (The) Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Co. (The) 824348106 885396.00000000 NS USD 240579801.12000000 0.612692143557 Long EC CORP US N 1 N N N Datadog, Inc. 549300F6JNO0KRPO1K63 Datadog, Inc., Class A 23804L103 352234.00000000 NS USD 33983536.32000000 0.086546940419 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc., Class A 30303M102 4555961.00000000 NS USD 1348063300.29000000 3.433155191168 Long EC CORP US N 1 N N N Air Products and Chemicals, Inc. 7QEON6Y1RL5XR3R1W237 Air Products and Chemicals, Inc. 009158106 1258725.00000000 NS USD 371940650.25000000 0.947232948139 Long EC CORP US N 1 N N N Aon plc 635400FALWQYX5E6QC64 Aon plc, Class A N/A 780008.00000000 NS USD 260046867.12000000 0.662269532601 Long EC CORP IE N 1 N N N Arthur J Gallagher & Co. 54930049QLLMPART6V29 Arthur J Gallagher & Co. 363576109 1119111.00000000 NS USD 257932703.28000000 0.656885325078 Long EC CORP US N 1 N N N Rockwell Automation, Inc. VH3R4HHBHH12O0EXZJ88 Rockwell Automation, Inc. 773903109 920052.00000000 NS USD 287129828.16000000 0.731242560994 Long EC CORP US N 1 N N N Advanced Micro Devices, Inc. R2I72C950HOYXII45366 Advanced Micro Devices, Inc. 007903107 1432226.00000000 NS USD 151414932.72000000 0.385613169779 Long EC CORP US N 1 N N N Vertex Pharmaceuticals, Inc. 54930015RAQRRZ5ZGJ91 Vertex Pharmaceuticals, Inc. 92532F100 1828767.00000000 NS USD 637032696.78000000 1.622351197769 Long EC CORP US N 1 N N N Colgate-Palmolive Co. YMEGZFW4SBUSS5BQXF88 Colgate-Palmolive Co. 194162103 1672200.00000000 NS USD 122856534.00000000 0.312882597857 Long EC CORP US N 1 N N N Applied Materials, Inc. 41BNNE1AFPNAZELZ6K07 Applied Materials, Inc. 038222105 2186882.00000000 NS USD 334068094.32000000 0.850781719205 Long EC CORP US N 1 N N N Take-Two Interactive Software, Inc. BOMSTHHJK882EWYX3334 Take-Two Interactive Software, Inc. 874054109 1286955.00000000 NS USD 183005001.00000000 0.466064589888 Long EC CORP US N 1 N N N Verisk Analytics, Inc. 549300I1YSWNIRKBWP67 Verisk Analytics, Inc. 92345Y106 3037373.00000000 NS USD 735712488.06000000 1.873662124803 Long EC CORP US N 1 N N N Caterpillar, Inc. WRJR7GS4GTRECRRTVX92 Caterpillar, Inc. 149123101 382397.00000000 NS USD 107503268.61000000 0.273781954168 Long EC CORP US N 1 N N N ServiceNow, Inc. 549300HJTQM36M0E1G39 ServiceNow, Inc. 81762P102 963675.00000000 NS USD 567440750.25000000 1.445119199508 Long EC CORP US N 1 N N N Agilent Technologies, Inc. QUIX8Y7A2WP0XRMW7G29 Agilent Technologies, Inc. 00846U101 381587.00000000 NS USD 46198738.09000000 0.117655778823 Long EC CORP US N 1 N N N Estee Lauder Cos., Inc. (The) 549300VFZ8XJ9NUPU221 Estee Lauder Cos., Inc. (The), Class A 518439104 1357522.00000000 NS USD 217923006.66000000 0.554991372755 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 15841798.00000000 NS USD 5192307712.48000000 13.22341330218 Long EC CORP US N 1 N N N Martin Marietta Materials, Inc. 5299005MZ4WZECVATV08 Martin Marietta Materials, Inc. 573284106 331988.00000000 NS USD 148202763.08000000 0.377432636363 Long EC CORP US N 1 N N N STERIS plc N/A STERIS plc N/A 718253.00000000 NS USD 164903706.27000000 0.419965453478 Long EC CORP IE N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals, Inc. 75886F107 167753.00000000 NS USD 138646176.97000000 0.353094578049 Long EC CORP US N 1 N N N UnitedHealth Group, Inc. 549300GHBMY8T5GXDE41 UnitedHealth Group, Inc. 91324P102 314407.00000000 NS USD 149840088.06000000 0.381602463369 Long EC CORP US N 1 N N N Thermo Fisher Scientific, Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific, Inc. 883556102 845881.00000000 NS USD 471240305.10000000 1.200122501216 Long EC CORP US N 1 N N N Synopsys, Inc. QG7T915N9S0NY5UKNE63 Synopsys, Inc. 871607107 1101850.00000000 NS USD 505627946.50000000 1.287698588748 Long EC CORP US N 1 N N N O'Reilly Automotive, Inc. 549300K2RLMQL149Q332 O'Reilly Automotive, Inc. 67103H107 314888.00000000 NS USD 295900253.60000000 0.753578479212 Long EC CORP US N 1 N N N Visa, Inc. 549300JZ4OKEHW3DPJ59 Visa, Inc., Class A 92826C839 5194286.00000000 NS USD 1276132184.48000000 3.249965956956 Long EC CORP US N 1 N N N Lam Research Corp. 549300I4GMO6D34U1T02 Lam Research Corp. 512807108 632008.00000000 NS USD 443922419.20000000 1.130551182295 Long EC CORP US N 1 N N N Novo Nordisk A/S 549300DAQ1CVT6CXN342 Novo Nordisk A/S 670100205 289302.00000000 NS USD 53700237.24000000 0.136760082562 Long EC CORP DK N 1 N N N Zoetis, Inc. 549300HD9Q1LOC9KLJ48 Zoetis, Inc. 98978V103 1835443.00000000 NS USD 349670245.93000000 0.890516209256 Long EC CORP US N 1 N N N Canadian Pacific Kansas City Ltd. N/A Canadian Pacific Kansas City Ltd. 13646K108 3791575.00000000 NS USD 300975223.50000000 0.766503064618 Long EC CORP CA N 1 N N N Linde plc 5299003QR1WT0EF88V51 Linde plc N/A 1495101.00000000 NS USD 578663891.04000000 1.473701525023 Long EC CORP IE N 1 N N N 2023-10-02 MFS Series Trust II Kasey Phillips Kasey Phillips Assistant Treasurer XXXX NPORT-EX 2 edgar.htm NPORT PART F
Quarterly Report
August 31, 2023
MFS®  Growth Fund
MEG-Q3

Portfolio of Investments
8/31/23 (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 – 98.5%
Aerospace & Defense – 0.6%  
Howmet Aerospace, Inc.   4,761,773 $235,564,910
Apparel Manufacturers – 1.1%  
LVMH Moet Hennessy Louis Vuitton SE   529,283 $448,926,500
Brokerage & Asset Managers – 0.4%  
CME Group, Inc.   791,042 $160,328,393
Business Services – 4.7%  
CoStar Group, Inc. (a)   5,550,306 $455,069,589
MSCI, Inc.   1,175,548 639,051,404
Verisk Analytics, Inc., “A”   3,037,373 735,712,488
        $1,829,833,481
Computer Software – 18.2%  
Adobe Systems, Inc. (a)   349,657 $195,577,146
Autodesk, Inc. (a)   516,793 114,697,038
Cadence Design Systems, Inc. (a)   2,630,967 632,589,705
Datadog, Inc., “A” (a)   352,234 33,983,536
Intuit, Inc.   855,211 463,361,872
Microsoft Corp.   15,841,798 5,192,307,713
Synopsys, Inc. (a)   1,101,850 505,627,947
        $7,138,144,957
Computer Software - Systems – 7.8%  
Apple, Inc.   12,552,422 $2,358,223,521
Arista Networks, Inc. (a)   748,791 146,186,467
ServiceNow, Inc. (a)   963,675 567,440,750
        $3,071,850,738
Construction – 2.8%  
Martin Marietta Materials, Inc.   331,988 $148,202,763
Sherwin-Williams Co.   885,396 240,579,801
Vulcan Materials Co.   3,319,495 724,479,784
        $1,113,262,348
Consumer Products – 0.9%  
Colgate-Palmolive Co.   1,672,200 $122,856,534
Estee Lauder Cos., Inc., “A”   1,357,522 217,923,007
        $340,779,541
Electrical Equipment – 3.5%  
AMETEK, Inc.   3,047,271 $486,070,197
Amphenol Corp., “A”   3,482,893 307,818,083
Johnson Controls International PLC   4,799,577 283,463,018
Rockwell Automation, Inc.   920,052 287,129,828
        $1,364,481,126
Electronics – 10.8%  
Advanced Micro Devices (a)   1,432,226 $151,414,933
Applied Materials, Inc.   2,186,882 334,068,094
ASML Holding N.V., ADR   811,804 536,220,896
KLA Corp.   472,480 237,123,538
Lam Research Corp.   632,008 443,922,419
Marvell Technology, Inc.   1,556,086 90,642,010
1

Portfolio of Investments (unaudited) – continued
Issuer     Shares/Par Value ($)
Common Stocks – continued
Electronics – continued  
NVIDIA Corp.   4,922,982 $2,429,737,766
        $4,223,129,656
Energy - Independent – 0.7%  
Hess Corp.   1,767,447 $273,070,562
Entertainment – 0.6%  
Spotify Technology S.A. (a)   1,414,122 $217,732,364
Gaming & Lodging – 1.2%  
Hilton Worldwide Holdings, Inc.   2,609,904 $387,962,229
Las Vegas Sands Corp.   1,772,094 97,217,077
        $485,179,306
Health Maintenance Organizations – 0.4%  
UnitedHealth Group, Inc.   314,407 $149,840,088
Insurance – 1.3%  
Aon PLC   780,008 $260,046,867
Arthur J. Gallagher & Co.   1,119,111 257,932,703
        $517,979,570
Internet – 12.3%  
Alphabet, Inc., “A” (a)   18,586,120 $2,530,871,961
Alphabet, Inc., “C” (a)   4,976,320 683,497,552
Gartner, Inc. (a)   778,809 272,333,931
Meta Platforms, Inc., “A” (a)   4,555,961 1,348,063,300
        $4,834,766,744
Leisure & Toys – 0.5%  
Take-Two Interactive Software, Inc. (a)   1,286,955 $183,005,001
Machinery & Tools – 1.7%  
Caterpillar, Inc.   382,397 $107,503,269
Eaton Corp. PLC   2,442,554 562,691,165
        $670,194,434
Medical & Health Technology & Services – 0.6%  
ICON PLC (a)   515,477 $133,993,092
Veeva Systems, Inc. (a)   499,249 104,193,266
        $238,186,358
Medical Equipment – 4.7%  
Agilent Technologies, Inc.   381,587 $46,198,738
Becton, Dickinson and Co.   1,501,407 419,568,186
Boston Scientific Corp. (a)   14,063,880 758,605,687
STERIS PLC   718,253 164,903,707
Thermo Fisher Scientific, Inc.   845,881 471,240,305
        $1,860,516,623
Other Banks & Diversified Financials – 7.3%  
American Express Co.   410,915 $64,920,461
Mastercard, Inc., “A”   3,737,299 1,542,159,059
Visa, Inc., “A”   5,194,286 1,276,132,185
        $2,883,211,705
2

Portfolio of Investments (unaudited) – continued
Issuer     Shares/Par Value ($)
Common Stocks – continued
Pharmaceuticals – 5.5%  
Argenx SE, ADR (a)   221,139 $111,120,136
Eli Lilly & Co.   1,551,917 860,072,401
Novo Nordisk A/S, ADR   289,302 53,700,237
Regeneron Pharmaceuticals, Inc. (a)   167,753 138,646,177
Vertex Pharmaceuticals, Inc. (a)   1,828,767 637,032,697
Zoetis, Inc.   1,835,443 349,670,246
        $2,150,241,894
Railroad & Shipping – 0.8%  
Canadian Pacific Kansas City Ltd.   3,791,575 $300,975,223
Restaurants – 0.4%  
Chipotle Mexican Grill, Inc., “A” (a)   86,336 $166,338,391
Specialty Chemicals – 2.4%  
Air Products & Chemicals, Inc.   1,258,725 $371,940,650
Linde PLC   1,495,101 578,663,891
        $950,604,541
Specialty Stores – 7.3%  
Amazon.com, Inc. (a)   17,653,341 $2,436,337,591
Lululemon Athletica, Inc. (a)   368,327 140,428,352
O'Reilly Automotive, Inc. (a)   314,888 295,900,254
        $2,872,666,197
Total Common Stocks   $38,680,810,651
Investment Companies (h) – 1.5%
Money Market Funds – 1.5%  
MFS Institutional Money Market Portfolio, 5.3% (v)     572,412,165 $572,469,407
 
Other Assets, Less Liabilities – 0.0%   12,737,177
Net Assets – 100.0% $39,266,017,235
(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 $572,469,407 and $38,680,810,651, 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.      
The following abbreviations are used in this report and are defined:
ADR American Depositary Receipt
See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.
3

Supplemental Information
8/31/23 (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
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. 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 August 31, 2023 in valuing the fund's assets and liabilities:
Financial Instruments Level 1 Level 2 Level 3 Total
Equity Securities $38,680,810,651 $— $— $38,680,810,651
Mutual Funds 572,469,407 572,469,407
Total $39,253,280,058 $— $— $39,253,280,058
For further information regarding security characteristics, see the Portfolio of Investments.
4

Supplemental Information (unaudited) – continued
(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. For the purposes of this report, the following were affiliated issuers:
Affiliated Issuers Beginning
Value
Purchases Sales
Proceeds
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation or
Depreciation
Ending
Value
MFS Institutional Money Market Portfolio $1,160,220,588 $2,440,226,412 $3,028,014,045 $(14,802) $51,254 $572,469,407
Affiliated Issuers Dividend
Income
Capital Gain
Distributions
MFS Institutional Money Market Portfolio $23,608,866 $—
5
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