MFS Mid Cap Value Fund - Class A (MVCAX)

The core aim of this fund is to achieve capital appreciation. It typically commits at least four-fifths of its net assets to companies with medium market capitalizations. The advisor generally identifies such mid-cap issuers as those possessing market values akin to entities within the Russell Midcap® Value Index, determined at the time of purchase and referencing the prior 13 months. The fund's holdings are primarily concentrated in equity securities.