2016 Form 5500 Schedule C Reporting Relating to Investment in MFS Mutual Funds THIS DOCUMENT IS NOT A SUBSTITUTE FOR LEGAL ADVICE TO PLANS REGARDING COMPLIANCE WITH ERISA REPORTING REQUIREMENTS. NOTE: THIS DOCUMENT IS BEING MADE AVAILABLE SOLELY TO ASSIST INFORMATION GATHERING FOR RETIREMENT PLANS THAT HAVE INVESTED IN MFS FUNDS ("PLANS") BASED ON THE INFORMATION IN THE POSSESSION OF MASSACHUSETTS COMPANY (MFS). MFS, THE MFS MUTUAL FUNDS AND THE ENTITIES THAT PROVIDE SERVICES TO THE MFS FUNDS, ARE NOT SERVICE PROVIDERS TO PLANS BY VIRTUE OF THEIR INVESTMENT IN THE MFS MUTUAL FUNDS. Each MFS mutual fund Prospectus and Statement of Additional Information provides information about fees and expenses that are paid by the Fund. These documents and other information are available at www.mfs.com. Plan sponsors filing a Form 5500 Schedule C are required to report certain indirect compensation paid with respect to the plan. The purpose of this document is to identify sections of the Prospectus or Statement of Additional Information that contain information relating to indirect compensation as defined for purposes of Schedule C. Unless otherwise noted, the information in this document is applicable to all share classes of the mutual funds listed below that were available for purchase by retirement plans in 2016.

Fund Name FYE Tax ID Fund Name FYE Tax ID Massachusetts Investors Growth Stock Nov 04-1885327 MFS Institutional International Equity Fund Jun 04-3287964 Fund Massachusetts Investors Trust Dec 04-1590600 MFS Institutional Large Cap Value Fund1 Jun 04-3539542 MFS Absolute Return Fund May 27-4688163 MFS International Diversification Fund2 May 20-1593553 MFS Aggressive Growth Allocation May 81-0548254 MFS International Growth Fund May 04-3281541 Fund2 MFS Blended Research Core Equity Sep 04-3203576 MFS International New Discovery Fund Sep 04-3379729 Fund MFS Blended Research Emerging Aug 30-0878705 MFS International Value Fund May 04-3281545 Markets Equity Fund MFS Blended Research Global Equity Aug 38-3976450 MFS Lifetime 2015 Fund1,2 Apr 80-0849367 Fund MFS Blended Research Growth Equity May 61-1766964 MFS Lifetime 2020 Fund2 Apr 20-3379057 Fund MFS Blended Research International Aug 32-0472075 MFS Lifetime 2025 Fund2 Apr 36-4741964 Equity Fund MFS Blended Research Mid Cap May 81-3030900 MFS Lifetime 2030 Fund2 Apr 20-3379143 Equity Fund MFS Blended Research Small Cap May 32-0471407 MFS Lifetime 2035 Fund2 Apr 80-0849411 Equity Fund MFS Blended Research Value Equity May 37-1788828 MFS Lifetime 2040 Fund2 Apr 20-3379262 Fund MFS Conservative Allocation Fund2 May 72-1523769 MFS Lifetime 2045 Fund2 Apr 35-2454926 MFS Core Equity Fund Aug 04-3287969 MFS Lifetime 2050 Fund2 Apr 27-3142597 MFS Corporate Bond Fund Apr 04-2535629 MFS Lifetime 2055 Fund2 Apr 80-0849591 MFS Diversified Income Fund2 Feb 20-4750385 MFS Lifetime 2060 Fund2 Apr 81-3807680 MFS Emerging Markets Debt Fund Jul 04-3402115 MFS Lifetime Income Fund2 Apr 20-3379322 MFS Emerging Markets Debt – Local Oct 45-2808462 MFS Limited Maturity Fund Apr 04-3140671 Currency Fund MFS Emerging Markets Equity Fund May 04-3281543 MFS Low Volatility Equity Fund Aug 46-3664430 MFS Equity Income Fund Jul 61-1689810 MFS Low Volatility Global Equity Fund Aug 46-3673488 MFS Equity Opportunities Fund Oct 23-3037974 MFS Managed Wealth Fund2 May 37-1757738 MFS Global Alternative Strategy Fund Oct 26-1175763 MFS Mid Cap Growth Fund Aug 04-3203791

Plan Year 2016 MFS Mutual Funds Form 5500 Schedule C Reporting page 1 1005110

MFS Global Bond Fund Nov 27-2247526 MFS Moderate Allocation Fund May 72-6212091 MFS Global Equity Fund Oct 04-6551724 MFS New Discovery Fund Aug 04-3339400 MFS Global Growth Fund Oct 04-3199872 MFS New Discovery Value Fund Feb 45-1653473 MFS Global High Yield Fund Jan 04-3420764 MFS Research Fund Sep 04-2482410 MFS Global Multi-Asset Fund2 Jun 27-4688025 MFS Research International Fund Aug 04-3339404 MFS Global New Discovery Fund Aug 45-3646414 MFS Strategic Income Fund Oct 04-6572660 MFS Global Real Estate Fund Aug 26-4234484 MFS Technology Fund Aug 04-3339406 MFS Global Total Return Fund Oct 04-6652930 MFS Total Return Bond Fund Apr 04-3438778 MFS Government Securities Fund Feb 04-2758741 MFS Total Return Fund Sep 04-2468583 MFS Growth Allocation Fund2 May 72-6212090 MFS U.S. Government Cash Reserve Fund Aug 04-6551720 MFS Growth Fund Nov 04-6551722 MFS U.S. Government Money Market Fund Aug 04-6382595 MFS High Income Fund Jan 04-6414785 MFS Utilities Fund Oct 04-3132873 MFS Inflation-Adjusted Bond Fund Oct 74-3104967 MFS Value Fund Aug 04-3287965 MFS Mid Cap Value Fund Sep 04-3562913 1 – Fund closed in 2016. 2 – A Fund of Funds, See I.G. below.

INTRODUCTION

Identifying Information This document was prepared by the adviser to the funds, Massachusetts Financial Services Company (“MFS”), 111 Huntington Avenue, Boston, MA 02199; EIN: 04-2747644

PART I: COMPENSATION EARNED BY THE FUND’S ADVISER AND ITS AFFILIATES

A. General Fund Information Total Annual Fund Operating Expenses (before giving effect to any fee waiver or expense reimbursement) A fund’s total annual fund operating expenses (before giving effect to any fee waiver or expense reimbursement) can be found in the Annual Fund Operating Expenses table in the Prospectus section “Summary of Key Information”. Total Fund Assets as of Fiscal Year End To review a fund’s total assets by share class as of its fiscal year end, see the fund’s Prospectus under the section “Financial Highlights”. B. Fund Advisory Fees Recipient: Massachusetts Financial Services Company, 111 Huntington Avenue, Boston, MA 02199 Investment Management Fee (before giving effect to any fee waiver or expense reimbursement): See the Annual Fund Operating Expenses table in the Prospectus section "Summary of Key Information". For additional detail including information on the fees paid in the prior fiscal year, see the heading "Investment Adviser" in the Prospectus section "Management of the Fund". Services Provided for Investment Advisory Fee: Investment management C. Research and Other Services Other than Trade Execution Received by Investment Adviser (Soft Dollar Arrangements) Did fund adviser receive research or other services in connection with securities trades other than the execution of portfolio trades? Yes.

Plan Year 2016 MFS Mutual Funds Form 5500 Schedule C Reporting page 2

Description of research or other services received / reason for receipt of research or other services: See the Statement of Additional Information under the heading “Portfolio Transactions and Brokerage Commissions" and its Appendix “Portfolio Transactions and Brokerage Commissions". Formula used to determine or value research or other services or description of eligibility conditions: See the Statement of Additional Information under the heading “Portfolio Transactions and Brokerage Commissions" and its Appendix “Portfolio Transactions and Brokerage Commissions". /dealer(s) and other firms from whom research or other services were received: See Exhibit A to this document.

D. Administrative Services Fees Paid to Adviser

Recipient Massachusetts Financial Services Company ("MFS"), 111 Huntington Avenue, Boston, MA 02199. Administrative Services Fee/Reimbursement: Each fund partially reimburses MFS for the costs incurred to provide administrative services. For additional information, see the Statement of Additional Information Appendix "Certain Service Provider Compensation". Description of Services Provided for Administrative Service Fees: MFS provides certain financial, legal, and other administrative services to the fund. E. Sales Charges and Distribution Payments Paid to Fund Distributor Recipient: MFS Fund Distributors, Inc. (“MFD”), a wholly owned subsidiary of MFS, 111 Huntington Avenue, Boston, MA 02199 Sales Charges and Distribution and/or Service (12b-1) Fees: For some Funds, certain classes of shares may be subject to sales charges and/or pay a Distribution and/or Service (12b-1) Fee as described in the Prospectus section “Summary of Key Information” under the heading "Fees and Expenses". These fees are paid to MFD, which in turn pays out a portion of the fees to financial intermediaries. If applicable to the Fund, for more information, see the section “Distribution Plan” in the Fund’s Statement of Additional Information and, for information on the amount paid to financial intermediaries and the amount retained, if any, by MFD see the Appendix to the Statement of Additional Information titled "Distribution Plan Payments". F. Non-Cash Compensation (gifts and entertainment – indirect compensation) MFS and MFD (for purposes of this section "MFS") will take reasonable steps to ensure that employees do not accept, in the course of business, any inducements which may lead to conflicts of interest with respect to a Fund. MFS's gifts and entertainment policy instructs employees that they should not accept a gift or entertainment relating to a client that is subject to ERISA. In addition, MFS employees involved in the distribution of the MFS Funds must report all gifts, entertainment, and other non-cash compensation received to MFS regardless of amount. MFS believes that any gifts and entertainment received by MFS employees are received in the context of a general business relationship and should not be viewed as attributable or allocable to any particular investor or fund. In any event, if the value of gifts and entertainment received by MFS employees during the relevant calendar year were allocated by MFS to its clients and fund investors pro rata based on the value of their accounts in relation to total assets under management, MFS believes the value allocated to their accounts would be beneath the reporting thresholds for non-monetary compensation set forth in the Form 5500 Schedule C instructions. G. Additional Information for Fund of Funds Certain funds are fund of funds, a fund that invests in other MFS mutual funds or investment companies referred to as acquired or underlying funds. An investor in these "fund of funds" will indirectly bear a fund’s pro rata share of the fees and expenses of the underlying funds in which a fund invests. See the Annual Fund Operating Expenses table in the Prospectus under the heading “Summary of Key Information”; the table includes information on the acquired (underlying) fund fees and expenses. Information on potential conflicts of interest for funds investing in funds within the same fund family is available in the Statement of Additional Information Appendix "Investment Strategies and Risks", under the heading "MFS Funds-of- Funds Conflict of Interest Risk".

Plan Year 2016 MFS Mutual Funds Form 5500 Schedule C Reporting page 3

PART II: INFORMATION ON PAYMENTS MADE BY THE FUND OR FUND’S ADVISER TO NON-AFFILIATED ENTITIES

The Funds, MFS and its affiliates make payments to third parties that provide services for the Funds. Please consult with the retirement plan's financial adviser and other service providers for specific information on any compensation it may have received in connection with that plan. For additional information, see the Statement of Additional Information under the heading "Financial Intermediary Compensation" and the appendix referenced therein.

PART III: Caution for Plan Administrator THIS DISCLOSURE DOCUMENT IS NOT, AND SHALL NOT BE DEEMED TO CONSTITUTE, LEGAL ADVICE TO PENSION PLANS SUBJECT TO FORM 5500 SCHEDULE C REPORTING OBLIGATIONS REGARDING COMPLIANCE WITH ERISA REPORTING REQUIREMENTS AND IS ONLY INTENDED TO FURNISH INFORMATION TO SUCH PLANS TO ASSIST THEM IN COMPLYING WITH THE FORM 5500 SCHEDULE C REPORTING OBLIGATIONS. THIS DISCLOSURE DOCUMENT IS NOT INTENDED TO CONSTITUTE AN OFFER TO SELL SECURITIES OR PROVIDE ANY DISCLOSURE REQUIRED BY SECURITIES LAWS. IT IS INTENDED SOLELY TO ASSIST PLANS IN COMPLYING WITH FORM 5500 SCHEDULE C REPORTING OBLIGATIONS.

EXHIBIT A

1. Broker/Dealer Firms from whom research or other services were received in 2016 (may vary from year to year) ABG SECURITIES JOHNSON RICE STERNE AGEE ALTACORP KEEFE BRUYETTE & WOODS NICOLAUS & CO. AUTONOMOUS RESEARCH KEPLER CHEUVREUX SUNTRUST ROBINSON HUMPHREY BB&T CAPITAL MARKETS KEY BANC CAPITAL MKTS./PACIFIC SUSQUEHANNA CREST LEERINK SWANN WEDBUSH/MORGAN BTG PACTUAL LIBERUM CAPITAL RESEARCH SECURITIES BTIG, LLC/ BASS SECURITIES MACQUARIE SECURITIES WILLIAM BLAIR & COMP BUCKINGHAM RESEARCH GROUP MILLER TABAK CANACCORD GENUITY MITSUBISHI SECURITIES CO. LTD. BARCLAYS CAPITAL CLSA MIZUHO BMO CAPITAL MARKETS COMMERZBANK CAPITAL MKM PARTNERS GLOBAL COMPASS POINT RESEARCH & TRADING LLC MM WARBURG CORMARK SECURITIES INC NB FINANCIAL CRAIG-HALLUM NEEDHAM & CO. & CO DANSKE MARKETS JEFFERIES & CO DAVY NORDEA EQUITIES* JP MORGAN CAZENOVE DESJARDINS SECURITIES NUMIS DOWLING AND PARTNERS OPPENHEIMER & CO., INC. UBS INVESTMENT BANK ISI INC. PIPER JAFFRAY & CO./SIMMONS BNP PARIBAS SECURITIES (ASIA)* EXANE RAYMOND JAMES & ASSOC. BRADESCO SECURITIES FRIEDMAN BILLINGS RAMSEY RBC CAPITAL MKTS CARNEGIE, INC GMP SECURITIES REDBURN PARTNERS LLP CIBC WORLD MARKETS GOODBODY SECURITIES RENCAP SECURITIES INC COWEN SECS. CORP GREEN STREET ADVISORS ROBERT W. & CO DAIWA SECURITIES GUGGENHEIM SANDLER O'NEIL KEMPEN & CO. HANDELSBANKEN CAPITAL (SVENSKA SANFORD BERNSTEIN SAMSUNG SECURITY HANDELSBANKERN) HOWARD WEIL LABOUISS SCOTIA CAPITAL SANTANDER INVESTMENT SECURITIES INC. HSBC-JAMES CAPEL SEB EQUITIES (ENSKILDA SEC.) TD SECURITIES

Plan Year 2016 MFS Mutual Funds Form 5500 Schedule C Reporting page 4

INVESTEC SIMMONS & COMPANY INTERNATIONAL WILLIAM O'NEIL AND CO. ITAU SECURITIES* SMBC NIKKO SECURITIES YUANTA SECURITIES JANNEY MONTGOMERY SCOTT SOCIETE GENERAL JMP SECURITIES STEPHENS INC.

2. Non-Broker/Dealer Research Firms from whom research or other services were received that are eligible for payments from pooled commission arrangements in 2016 (may vary from year to year) 13D RESEARCH FUNDSTRAT GLOBAL ADVISORS OTR GLOBAL 2XIDEAS AG GABELLI & COMPANY INC. OYAK YATIRIM SECURITIES ABSOLUTE STRATEGY RESEARCH GERSON LEHRMAN PELHAM SMITHERS ASSOCIATES LTD. ADNAAN AHMAD RESEARCH LTD GILBERT DUPONT REDSTONE TECHNOLOGY RESEARCH LLC ALEMBIC GLOBAL ADVISORS GLENROCK ASSOCIATES RENAISSANCE MACRO RESEARCH AMBIT CAPITAL GLOBAL INVESTMENT RESEARCH, INC. RESEARCHGREECE LTD ARCTIC SECURITIES ASA GMT RESEARCH SBG SECURITIES ASIANOMICS LIMITED GORDON HASKETT RESEARCH SEAPORT GLOBAL ADVISORS ATHLOS RESEARCH GRIFFIN SECURITIES SECTOR & SOVEREIGN RESEARCH ATLANTIC EQUITIES HAITONG INTL. SECURITIES(JI ASIA) SHAPIRO RESEARCH, LLC AVIATE GLOBAL HECKMAN GLOBAL ADVISORS SIDOTI & CO B RILEY AND COMPANY HEDGEYE RISK MANAGEMENT STRATEGAS RESEARCH PARTNERS BARRINGTON RESEARCH ASSOCIATES, INC HEIKKINEN ENERGY SUMMIT REDSTONE PARTNERS BCA RESEARCH HONEYBEE CAPITAL, LLC SUMMIT RESEARCH BNP PARIBAS SECURITIES (ASIA) HORIZON RESEARCH GROUPC/OPCS TELSEY ADVISORY GROUP RESEARCH SERVICES BWG STRATEGY LLC IDC THE INSTITUTIONAL VIEW CAPITAL ALPHA PARTNERS, LLC INFLECTION POINT RESEARCH, LLC THOMPSON RESEARCH GROUP CAPITAL ECONOMICS - NEW INTEGRAS TIS GROUP CFRA(RISK METRICS) IPD ANALYTICS TROIKA DIALOG CHARTER EQUITY RESEARCH ITAU SECURITIES TUDOR, PICKERING, HOLT & CO., LLC CIRRUS RESEARCH, LLC J CAPITAL RESEARCH TUOHY BROTHERS INVESTMENT RESEARCH CJS SECURITIES KESSLER ENERGY TWO RIVERS ANALYTICS CLEAR VIEW ENERGY PARTNERS LLC LADENBURG THALMANN & CO. INC. UNION GAMING CLOSE BROTHERS SEYDLER LOMBARD STREET RESEARCH UNIT ECONOMICS CODRINGTON JAPAN LONGBOW RESEARCH UOB KAY HIAN CONSUMER EDGE RESEARCH, LLC MACRO STRATEGY PARTNERSHIP US CAPITAL ADVISORS, LLC CORNERSTONE MACRO MACROMAVENS LLC VERITAS INVESTMENT RESEARCH CORP. CROSS CURRENT RESEARCH LLC MAINFIRST VERTICAL RESEARCH PARTNERS, LLC CROSS RESEARCH GROUP, LLC VERY INDEPENDENT RESEARCH CUSTOM PRODUCTS GROUP MINACK ADVISORS VICTORIA PARTNERS D.A. DAVIDSON & CO MOFFETT NATHANSON RESEARCH, LLC VTB CAPITAL PLC DEEPDIVE EQUITY RESEARCH MOSS CAPITAL/ECSTRAT LTD. WESTLAKE INTERNATIONAL DOUGHERTY & COMPANY LLC MRB PARTNERS INC WILLIAM O'NEIL AND CO.* DSG ASIA NAUTILUS CAPITAL RESEARCH WILLIS WELBY LLP DUDACK RESEARCH GROUP NED DAVIS RESEARCH WOLFE RESEARCH

Plan Year 2016 MFS Mutual Funds Form 5500 Schedule C Reporting page 5

ECONOMICS FROM WASHINGTON NEW STREET RESEARCH WOOD MACKENZIE LIMITED EMPIRICAL RESEARCH NOBLE FINANCIAL CAPITAL MARKETS WUNDERLICH SECURITIES, INC ENODO ECONOMICS LTD. NORDEA EQUITIES XP SECURITIES EVANS AND PARTNERS NORTHCOAST RESEARCH LLC YARDENI RESEARCH, INC EXCELLENCE NESSUAH BROKERAGE, LTD ORLOCK ADVISORS/RUSSELL NAPIER ZELMAN & ASSOCIATES FIRSTENERGY- NEW OTKRITIE INC

Plan Year 2016 MFS Mutual Funds Form 5500 Schedule C Reporting page 6