*OUR

12 20092009 • 2010 • 2010 • 2011 • 2011 • 2012 • 2012 • 2013 • 2013 TH STRAIGHT YEAR

THTH OUROUR 5 5 STRAIGHT STRAIGHT YEAR YEAR FEBRUARY 17, 2020 ASAS ONE ONE OF OF THE THE “BEST “BEST MUTUAL FUND FAMILIES” FAMILIES” The Best Fund Families of 2019 Best Fund Families Over Best Fund Families Over Five Years Ten Years FUND RANKING 1-YearCurrent1-Year 2018 Family Total Assets Weighted U.S. World Mixed Taxable Tax-Exempt5-Year 5-YearRank Family Weighted 10-Year10-YearRank Family Weighted Rank Rank (mil)* Score Equity Equity Equity Bond Bond Score Score 201312013 Fund-Family12 Fund-FamilyMFS Investment RankingsManagement Rankings$309,040 77.73 2 17 2 6 13 20132013 Fund-Family1 Fund-FamilyVanguard Group Rankings Rankings78.59 20132013 1Fund-Family Fund-FamilyVanguard Group Rankings Rankings80.36 2 MFS 77.68 2 Virtus Investment Partners 76.94 2 22 Virtus Investment Partners 42,305 ––––––– 68.77 ––––––– FUND5 FUND RANKINGS39 RANKINGS1 –––––––30 –––––––30 3 Virtus Investment Partners 72.81 3 Pimco 76.14 3 48 DWS Group MutualMutual fund 31,108 Weightedfund Weighted 68.71US World21US WorldMixed18 TaxableMixed4 Taxable Tax-Exempt2 Tax-Exempt28 WeightedWeighted WeightedWeighted Rank FamilyRank Family assets assets(bil) (bil) score scoreEquity EquityEquity EquityEquity EquityBond Bond Bond Bond Rank FamilyRank Family 4 T. Rowe Price score71.05scoreRank FamilyRank4 Family MFS Investment Management 75.22score score 4 44 Columbia Threadneedle Investments 151,006 66.48 12 3 11 17 20 1. Putnam 1. Putnam Investment Investment Management Management $45.4 $45.474.54 74.544 4 5 59 911 11 30 30 1. JPMorgan 1. JPMorgan5 Pimco 76.2370.4276.23 1. MainStay 1. 5MainStay FundsT. Rowe Funds Price 75.9472.97 75.94 5 39 Principal Global Investors 153,819 65.27 3 10 16 42 4 2. PIMCO/Allianz 2. PIMCO/Allianz 607.3 607.371.17 71.1733 33 8 85 5 3 3 18 18 2. Ivy 2. Investment Ivy6 InvestmentHartford Management Management Funds 75.9869.8275.98 2. Ivy 2. Investment 6Ivy InvestmentPrincipal Management Global Management Investors 74.6372.2574.63 3. The6 3. HartfordThe46 Hartford 57.4 219,890 57.469.76 69.7665.202 20214 41419 101924 1924 46 4 3. Delaware 3. Delaware7 ManagementVictory Management Capital Management 74.6069.4974.60 3. JPMorgan 3. 7JPMorgan Nuveen 72.1470.7672.14 4. JPMorgan7 4. JPMorgan31 State Street Bank & Trust 185.3 22,407 185.367.36 67.3664.6312 71220 112012 612 7 28 7 4845 48 4. Virtus 4. Virtus Investment8 InvestmentEaton Partners Vance Partners 73.0768.3973.07 4. Delaware 4. 8Delaware ManagementPutnam Management Investment Mgmt 71.3967.63 71.39 9 Fidelity Mgmt & Research 68.09 9 Hartford Funds 67.32 5. Goldman8 5. Goldman41 SachsPutnam Sachs & Co/GSAM Investment & Co/GSAM Management 62.2 79,380 62.265.88 65.8863.816 4625 232527 322717 2317 1012 10 5. Franklin 5. Franklin Templeton Templeton 71.34 71.34 5. MFS 5. InvestmentMFS Investment Management Management® ®71.36 71.36 6. Oppenheimer 6. Oppenheimer Funds Funds 159.5 159.564.83 64.8325 25 7 307 3010 10 2 2 6. PIMCO/Allianz 6. PIMCO/Allianz10 BlackRock 66.38 10 Victory Capital Management 65.52 9 27 Fidelity Management & Research 1,553,830 62.38 25 12 8 14 26 70.61 70.61 6. Prudential 6. Prudential Investments Investments 69.50 69.50 7. Aberdeen 7. Aberdeen Asset Management 11.9 11.963.71 63.7120 20 2 182 1815 15 57 57 7. Wells 7. Wells Fargo11 Fargo FundsLegg Funds MasonManagement Management 70.5665.9670.56 11 J.P. Morgan Asset Mgmt 65.46 10 8 Vanguard Group 1,619,821 60.93 23 33 14 4 25 7. 7. Invesco 69.28 69.28 8. T Rowe8. T Rowe Price AsociatesPrice Asociates 371.6 371.663.36 63.363 334 342 248 48 29 29 12 Columbia Threadneedle Inv 65.51 12 John Hancock 65.16 8. Invesco 8. Invesco 68.94 68.94 8. Wells 8. Wells Fargo Fargo Funds Funds Management Management 69.11 69.11 11 57 Natixis Investment Managers® ® 152,326 60.02 40 2 7 38 21 13 Nuveen ® ® 65.47 13 Legg Mason 64.11 9. MFS 9. MFSInvestment Investment Management Management 113.9 113.9 62.39 62.39 7 277 2716 1631 31 15 15 9. MFS 9. InvestmentMFS Investment Management Management 68.52 68.52 9. Vanguard 9. Vanguard Group Group 68.55 68.55 12 20 Hartford Funds 101,077 59.30 14 32 13 25 7 14 Thrivent Mutual Funds 65.12 14 Columbia Threadneedle Inv 63.42 10. TIAA-CREF 10. TIAA-CREF 61.9 61.961.94 61.9414 14 9 94 449 49 19 19 10. RidgeWorth 10. RidgeWorth Funds Funds 68.15 68.15 10. John 10. HancockJohn Hancock Group Group 68.09 68.09 15 Transamerica Asset Mgmt 64.36 15 Delaware Management 63.24 11. Principal13 11. Principal16 ManagementBlackRock Management 106.2 284,429 106.261.47 61.4759.1023 152329 212913 191319 919 2144 21 11. Vanguard 11. Vanguard Group Group 68.05 68.05 11. T 11.Rowe T Rowe Price AssociatesPrice Associates 67.29 67.29 16 J.P. Morgan Asset Mgmt 63.08 16 Wells Fargo Funds 62.79 12. John14 12. HancockJohn42 HancockLord Abbett 115.7 163,810 115.760.52 60.5258.8513 351336 513620 52016 5 16 401 40 12. Legg 12. LeggMason Mason 67.35 67.35 12. American 12. American Funds Funds 67.12 67.12 17 Principal Global Investors 61.95 17 Fidelity Mgmt & Research 61.84 13. Lord15 13. AbbettLord13 Abbett &Wells Co &Fargo Co Funds 92.3 84,637 92.360.48 60.4858.4555 65538 8383 483 2 37 2 334 3 13. John 13. HancockJohn Hancock Group Group 66.97 66.97 13. Columbia 13. Columbia Management Management 66.94 66.94 18 Pioneer Asset Mgmt 61.24 18 Thrivent Mutual Funds 60.99 14. GE 14. Asset GE Asset Management Management 16.3 16.359.34 59.345 5 3 173 1760 60 50 50 14. Affiliated 14. Affiliated Managers Managers Group Group 66.42 66.42 14. PIMCO/Allianz 14. PIMCO/Allianz 66.49 66.49 16 26 Legg Mason 135,060 57.75 39 7 42 1 40 19 DWS Group 59.66 19 BlackRock 60.71 15. Franklin 15. Franklin Templeton Templeton 332.9 332.958.40 58.4054 5421 216 6 5 5 36 36 15. T 15.Rowe T Rowe Price AssociatesPrice Associates 66.10 66.10 15. Franklin 15. Franklin Templeton Templeton 66.00 66.00 17 9 Victory Capital Management 34,466 57.46 13 9 37 26 15 20 AllianceBernstein 59.32 20 Dimensional Fund Advisors 60.47 16. Dimensional 16. Dimensional Fund FundAdvisors Advisors 157.0 157.057.90 57.901 133 3323 2353 53 52 52 16. Waddell 16. Waddell & Reed & ReedInvestment Investment Mgmt Mgmt 65.53 65.53 16. Eaton 16. Eaton Vance Vance Management Management 64.19 64.19 21 American Funds 59.27 21 Aberdeen Standard 59.10 17. Columbia18 17. Columbia24 ManagementJ.P. Management Morgan Asset Management 135.7 387,750 135.756.18 56.1856.8719 101940 64021 342125 3425 2537 25 17. Prudential 17. Prudential Investments Investments 62.31 62.31 17. RidgeWorth 17. RidgeWorth Funds Funds 62.54 62.54 22 Wells Fargo Funds 59.11 22 PGIM Investments 58.88 18. Legg19 18. LeggMason32 Mason Aberdeen Standard 93.4 9,354 93.455.98 55.9856.7126 92660 366015 2915 9 7 9 1252 12 18. Columbia 18. Columbia Management Management Co Co 60.89 60.89 18. Oppenheimer 18. Oppenheimer Funds Funds 62.45 62.45 23 PGIM Investments 58.95 23 American Funds 58.63 19. PNC20 19. FundsPNC17 Funds T. Rowe Price 2.5 801,926 2.555.43 55.4356.6031 4131 1 15101 31057 2457 5641 56 19. Nuveen 19. Nuveen Fund FundAdvisors Advisors 60.52 60.52 19. Fidelity 19. Fidelity Management Management & Research & Research 61.77 61.77 24 MainStay Funds 58.41 24 Goldman Sachs Asset Mgmt 58.03 20. Invesco 20. Invesco 157.2 157.255.15 55.1516 1652 5228 2813 13 23 23 20. MainStay 20. MainStay Funds Funds 60.40 60.40 20. BlackRock 20. BlackRock 60.91 60.91 21 36 PGIM Investments 125,202 56.58 34 16 41 3 35 25 Investments 57.25 25 DWS Group 57.65 21. USAA 21. USAA Asset Asset Management Management 41.4 41.454.92 54.9238 3816 1650 5018 18 8 8 21. Lord 21. AbbettLord Abbett & Co & Co 60.32 60.32 21. Waddell 21. Waddell & Reed & ReedInvst InvstMgmt Mgmt 60.42 60.42 22 56 Invesco 329,807 56.41 24 14 36 22 8 26 Putnam Investment Mgmt 57.20 26 Federated Investors 57.64 22. Fidelity 22. Fidelity Management Management & Research & Research 970.6 970.654.86 54.868 815 1549 4942 42 35 35 22. HighMark 22. HighMark Capital Capital Management Management 59.20 59.20 22. Lord 22. AbbettLord Abbett & Co & Co 59.14 59.14 23 50 John Hancock 179,367 55.43 28 27 22 15 22 27 Natixis Investment Managers 56.77 27 MainStay Funds 57.14 23. American 23. American Funds Funds 939.9 939.954.32 54.3211 1118 1832 3251 51 28 28 23. BNY 23. Mellon/DreyfusBNY Mellon/Dreyfus 57.44 57.44 23. Principal 23. Principal Management Management Corp Corp 59.07 59.07 28 John Hancock 56.54 28 Eaton Vance 56.80 24. Ivy24 24. Investment Ivy37 InvestmentNorthern Management Management Trust Investments 47.0 26,568 47.053.64 53.6454.3044 184456 44561 20112 1212 5439 54 24. BlackRock 24. BlackRock 57.31 57.31 24. Federated 24. Federated Investors Investors 58.78 58.78 29 Dimensional Fund Advisors 55.00 29 State Street Bank & Trust 55.30 25. Waddell25 25. Waddell40 & ReedSaratoga & ReedInvst Capital InvstMgmt MgmtManagement 20.5 1,311 20.5 53.23 53.2354.1827 432745 14511 251128 2028 4955 49 25. Charles 25. Charles Schwab Schwab Invst InvstMgmt Mgmt 56.13 56.13 25. Goldman 25. Goldman Sachs Sachs & Co/GSAM & Co/GSAM 57.53 57.53 30 Lord Abbett 54.75 30 Invesco 54.96 26. UBS 26. GlobalUBS Global Asset Asset Management Management 10.1 10.153.17 53.1730 3044 4414 1426 26 46 46 26. Manning 26. Manning & Napier & Napier Advisors Advisors 54.96 54.96 26. Virtus 26. Virtus Investment Investment Partners Partners 56.72 56.72 26 54 Amundi Pioneer Asset Management 47,362 53.99 19 22 47 18 16 31 Saratoga Capital Management 54.39 31 Ivy Investment Management 54.88 27. Prudential 27. Prudential Investments Investments 38.7 38.752.91 52.9135 3519 1945 4521 21 34 34 27. Putnam 27. Putnam Investment Investment Management Management 54.80 54.80 27. AllianceBernstein 27. AllianceBernstein 55.14 55.14 27 6 First Trust Advisors 25,528 53.98 1 50 49 45 14 32 Federated Investors 54.03 32 AllianceBernstein 53.13 28. Thrivent 28. Thrivent Financial Financial Lutherans Lutherans 14.4 14.452.79 52.7947 4713 1329 2920 20 42 42 28. First 28. InvestorsFirst Investors Management Management 54.61 54.61 28. State 28. StateFarm FarmInvestment Investment Mgmt Mgmt 54.90 54.90 28 30 American Century Investment Mgmt 127,358 52.38 17 13 43 40 19 33 Aberdeen Standard 53.86 33 Lord Abbett 51.14 29. First 29. InvestorsFirst Investors Management Management 6.5 6.552.11 52.1124 2430 308 856 56 39 39 29. TIAA-CREF 29. TIAA-CREF 54.58 54.58 29. Legg 29. LeggMason Mason 54.64 54.64 34 Goldman Sachs Asset Mgmt 52.40 34 Northern Trust Investments 50.97 30. Afflilated29 30. Afflilated21 ManagersBNY ManagersMellon/Dreyfus Group Group 59.5 $60,586 59.552.03 52.0351.9357 305711 251133 2633 8 328 2023 20 30. Oppenheimer 30. Oppenheimer Funds Funds 54.27 54.27 30. Nuveen 30. Nuveen Fund FundAdvisors Advisors 54.24 54.24 35 Delaware Management 52.04 35 Amundi Pioneer Asset Mgmt 50.85 31. Vanguard30 31. Vanguard52 GroupFederated Group Investors 1,620.71,620.7 71,072 51.46 51.4651.6415 461528 262844 154447 847 2633 26 31. American 31. American Century Century Invst InvstMgmt Mgmt 54.21 54.21 31. The 31. Hartford The Hartford 50.85 50.85 36 American Century Inv Mgmt 51.81 36 Affiliated Managers Group 50.31 32. RidgeWorth31 32. RidgeWorth38 FundsDelaware Funds Management 18.7 63,410 18.751.40 51.4051.6310 471017 241759 175946 1646 1417 14 32. Eaton 32. Eaton Vance Vance Management Management 53.09 53.09 32. American 32. American Century Century Invst InvstMgmt Mgmt 49.32 49.32 37 BNY Mellon/Dreyfus 49.30 37 American Century Inv Mgmt 49.82 33. Nuveen 33. Nuveen Fund FundAdvisors Advisors 37.2 37.251.19 51.1941 4158 5837 37 6 6 6 6 33. Dimensional 33. Dimensional Mgmt Mgmt Fund FundAdvisers Advisers 52.35 52.35 33. Pioneer 33. Pioneer Investment Investment Management Management 48.66 48.66 32 15 Ivy Investment Management 57,689 50.83 8 49 9 50 51 38 SEI Group 49.20 38 Franklin Templeton 49.78 34. BMO 34. BMOAsset Asset Management Management 5.5 5.551.15 51.1517 1747 4751 5127 27 11 11 34. Principal 34. Principal Management Management 52.34 52.34 34. USAA 34. USAA Asset Asset Management Management 46.84 46.84 33 3 Eaton Vance 97,054 50.83 16 40 30 33 29 39 Invesco 48.85 39 USAA Investments* 49.68 35. Calvert 35. Calvert Investments Investments 8.9 8.950.14 50.1422 2241 4158 5814 14 47 47 35. Aberdeen 35. Aberdeen Asset Asset Management Management 52.33 52.33 35. Charles 35. Charles Schwab Schwab Investment Investment Mgmt Mgmt 45.48 45.48 34 34 Goldman Sachs Asset Management 104,099 49.75 37 45 44 10 3 40 Affiliated Managers Group 48.31 40 SEI Group 49.38 36. AllianceBernstein 36. AllianceBernstein 48.4 48.449.30 49.309 954 5448 4834 34 43 43 36. Fidelity 36. Fidelity Management Management & Research & Research 51.67 51.67 36. Putnam 36. Putnam Investment Investment Management Management 43.87 43.87 41 BMO Asset Management 48.00 41 BNY Mellon/Dreyfus 44.57 37. Virtus35 37. Virtus Investment25 InvestmentTransamerica Partners Partners Asset Management 23.8 42,205 23.849.24 49.2448.5660 446022 52235 4635 1 27 1 445 44 37. USAA 37. USAA Asset Asset Management Management 50.48 50.48 37. UBS 37. GlobalUBS Global Asset Asset Management Management 43.60 43.60 42 Guggenheim Investments 47.88 42 Guggenheim Investments 40.13 38. BNY36 38. Mellon/DreyfusBNY33 Mellon/DreyfusNeuberger Berman 58.0 35,471 58.047.82 47.8247.5732 333231 293153 405333 2933 3336 33 38. State 38. StateFarm FarmInvestment Investment Mgmt Mgmt 49.97 49.97 38. Northern 38. Northern Trust TrustInvestment Investment 42.34 42.34 43 USAA Investments* 46.44 43 UBS Asset Management 39.66 39. BlackRock 39. BlackRock 556.0 556.047.44 47.4429 2948 4842 4229 29 31 31 39. Guggenheim 39. Guggenheim Investments Investments 49.71 49.71 39. BNY 39. Mellon/DreyfusBNY Mellon/Dreyfus 41.47 41.47 37 28 SEI Group 95,156 45.79 45 48 33 11 18 44 State Street Bank & Trust 46.34 44 Russell Investment 36.62 40. Eaton 40. Eaton Vance Vance Management Management 38.70 38.7046.89 46.8949 4923 2340 4030 30 22 22 40. Goldman 40. Goldman Sachs Sachs & Co/GSAM & Co/GSAM 49.45 49.45 40. Russell 40. Russell Investment Investment Group Group 40.53 40.53 38 5 Pimco 399,098 45.54 11 54 50 43 11 45 SIT Investment Associates 45.64 45 Manning & Napier Advisors 31.72 41. DWS 41. DWSInvestments Investments 38.7 38.746.89 46.8949 4923 2340 4030 30 22 22 41. Calvert 41. Calvert Investments Investments 49.32 49.32 41. DWS 41. DWSInvestments Investments 39.37 39.37 39 2 MainStay Funds 54,734 45.35 29 38 35 44 31 46 Manning & Napier Advisors 45.40 42. Charles 42. Charles Schwab Schwab Invst InvstManagement Management 38.0 38.046.83 46.8321 2124 2434 3461 61 16 16 42. American 42. American Funds Funds 49.31 49.31 42. First 42. InvestorsFirst Investors Management Management 37.72 37.72 47 Neuberger Berman 44.49 43. Manning40 43. Manning43 & NapierAllianceBernstein & Napier Advisors Advisors 18.0 89,225 18.046.69 46.6945.2339 363932 533231 273132 3132 6127 61 43. Northern 43. Northern Trust TrustInvst Invst 48.86 48.86 43. GE 43. Asset GE Asset Management Management 37.28 37.28 48 Franklin Templeton 41.29 44. SEI41 44. Group SEI29 Group Dimensional Fund Advisors 26.1 464,267 26.145.45 45.4543.9334 313453 345341 394135 3935 2450 24 44. AllianceBernstein 44. AllianceBernstein 46.94 46.94 44. Calvert 44. Calvert Investments Investments 36.06 36.06 49 UBS Asset Management 41.24 45. American 45. American Century Century Invst InvstMgmt Mgmt 92.0 92.044.59 44.5943 4312 1246 4659 59 27 27 45. UBS 45. GlobalUBS Global Asset Asset Management Management 45.46 45.46 45. PNC 45. FundsPNC Funds 31.92 31.92 42 49 UBS Asset Management 11,659 42.84 48 52 21 35 9 50 Ivy Investment Management 40.84 46. Federated 46. Federated Investors Investors 48.8 48.844.52 44.5250 5010 1052 5241 41 32 32 46. Federated 46. Federated Investors Investors 43.32 43.32 46. SEI 46. Group SEI Group 29.23 29.23 43 47 USAA Investments** 61,344 41.17 51 35 51 13 24 51 AssetMark 39.30 47. HighMark 47. HighMark Capital Capital Management Management 2.7 2.743.76 43.7652 52 6 476 4743 43 55 55 47. PNC 47. FundsPNC Funds 42.35 42.35 44 18 Manning & Napier Advisors 4,056 40.29 50 28 28 41 54 52 Russell Investments 39.20 48. Genworth 48. Genworth Financial Financial Wealth Wealth Mgmt Mgmt 2.9 2.943.56 43.5636 3643 4338 3838 38 52 52 48. GE 48. Asset GE Asset Management Management 42.25 42.25 49. Delaware45 49. Delaware4 ManagementThrivent Management Mutual Funds 33.5 26,024 33.541.98 41.9840.1042 494251 465122 232255 3655 942 9 49. SEI 49. Group SEI Group 41.59 41.59 50. Wells46 50. Wells Fargo7 Fargo FundsSIT Investment Funds Management Management Associates 91.1 1,593 91.141.72 41.7239.2228 272855 195556 455639 5539 1747 17 50. The 50. Hartford The Hartford 41.07 41.07 51. State47 51. StateStreetNR Street BankMorgan Bank& TrustStanley & Trust Investment Mgmt 66.2 49,181 66.241.45 41.4538.6756 535649 20497 18745 4745 3853 38 51. DWS 51. DWSInvestments Investments 39.28 39.28 52. 52. Lazard Asset Asset Management Management 19.5 19.540.57 40.5748 48 4 554 5558 58 62 62 48 11 Franklin Templeton Investments 316,075 37.99 22 42 52 51 48 52. Pioneer 52. Pioneer Investment Investment Management Management 37.88 37.88 53. Neuberger 53. Neuberger Berman Berman Management Management 28.1 28.140.25 40.2558 5837 3726 2637 37 37 37 53. Russell 53. Russell Investment Investment Group Group 32.13 32.13 49 35 Affiliated Managers Group 93,321 37.37 52 47 24 49 2 54. Northern 54. Northern Trust TrustInvestments Investments 33.6 33.640.08 40.0845 4539 3954 5440 40 41 41 55. Russell50 55. Russell Investment23 InvestmentRussell Group Investments Group 36.9 37,340 36.939.69 39.6936.7140 324050 375036 553650 4850 5110 51 56. MainStay51 56. MainStay10 FundsBrinker Funds Capital 47.9 12,798 47.939.54 39.5436.4953 425346 434624 122454 5454 549 5 57. Guggenheim52 57. GuggenheimNR AssetMarkInvestments Investments 16.2 3,561 16.239.47 39.4735.0518 261861 556161 316136 5236 1343 13 58. Frost 58. FrostInvestment Investment Advisors Advisors 2.7 2.739.15 39.1562 6257 5725 25 4 4 60 60 53 1 American Funds 1,983,036 31.92 55 31 38 46 32 © 2020 Dow Jones & Co. Inc. 59. Victory 59. Victory Capital Capital Management Management 7.4 7.436.11 36.1146 4635 3557 5752 52 59 59 Licensed Use: Web post, email and social media 54 14 Guggenheim Investments 28,425 31.89 38 30 53 53 46 60. Pioneer 60. Pioneer Investment Investment Management Management 32.0 32.035.48 35.4861 6159 5939 3923 23 1 1 Licensed To: MFS Investment Management 61. State55 61. StateFarm19 FarmInvestmentBMO Investment Asset Management Management 12.8 8,186 12.8 34.37 34.3731.0859 545942 414260 546022 2122 4538 45 Expiration Date: 02-27-21 Source:Source: Lipper Lipper 62. Madison 62. Madison Investment Investment Advisors Advisors 0.6 0.617.43 17.4351 5162 6262 6262 62 58 58

NOTNOT FDIC FDIC INSURED INSURED • MAY • MAY LOSE LOSE VALUE VALUE • NO • BANKNO BANK GUARANTEE GUARANTEE See Seethe thereverse reverse side side for otherfor other important important information. information. How We Rank the Fund Families

All mutual and exchange-traded funds are required to report their returns (to regulators as well as in advertising and marketing material) after fees are deducted, to better reflect what investors would actually experience. But our aim is to measure manager skill, independent of expenses beyond annual management fees. That’s why we calculate returns before any 12b-1 fees are deducted. Simi- larly, fund loads, or sales charges, aren’t included in our calculation of returns. Each fund’s performance is measured against all of the other funds in its Lipper category, with a percentile ranking of 100 be- ing the highest and one the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall ranking; poor performance in its biggest funds hurts a firm’s ranking. To be included in the ranking, a firm must have at least three funds in the general equity category, one world equity, one mixed equity (such as a balanced or target-date fund), two taxable bond funds, and one national tax-exempt bond fund. We have historically excluded single-sector and country equity funds, but those are now factored into the rankings as general eq- uity. We exclude all passive index funds, including pure index, enhanced index, and index-based, but include actively managed ETFs and so-called smart-beta ETFs, which are passively managed but created from active strategies. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The category weightings for the one-year results in 2019 were general equity, 35.4%; mixed asset, 21.1%; world equity, 17%; taxable bond, 21.8%; and tax-exempt bond, 4.6%. The category weightings for the five-year results were general equity, 36.9%; mixed asset, 19.7%; world equity, 17.2%; taxable bond, 21.7%; and tax-exempt bond, 4.6%. For the 10-year list, they were general equity, 37.6%; mixed asset, 20.1%; world equity, 17.5; taxable bond, 20%; and tax-exempt bond, 4.7%. The scoring: Say a fund in the general U.S. equity category has $500 million in assets, accounting for half of the firm’s assets in that category, and its performance lands it in the 75th percentile for the category. The first calculation would be 75 times 0.5, which comes to 37.5. That score is then multiplied by 35.4%, general equity’s overall weighting in Lipper’s universe. So it would be 37.5 times 0.354, which equals 13.28. Similar calculations are done for each fund in our study. Then the numbers are added for each category and overall. The shop with the highest total score wins. The same process is repeated to determine the five- and 10-year rankings.

For additional information please contact your investment professional or visit us online at mfs.com. Investment professionals can contact their MFS representative at 1-800-343-2829.

*For the 12th straight year, MFS has been ranked in the top 10 fund families for at least one of the 1-, 5-, or 10-year periods. Keep in mind that all investments, including mutual funds, carry a certain amount of risk, including the possible loss of the principal amount invested. Past performance is no guarantee of future results. Keep in mind that a high relative ranking does not always mean the fund achieved a positive return during the period. Before investing, consider the fund’s investment objectives, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your investment professional or view online at mfs.com. Please read it carefully.

MFS Fund Distributors, Inc., Boston, MA MFSP-BARRANK-FLY-2/20 17842.14

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