Investor Presentaiton

Significant Impacts on Performance - Contributors MFS® Relative to Standard & Poor's 500 Stock Index (USD) - first quarter 2024 Tesla Inc Not owning shares of electric vehicle manufacturer Tesla (United States) benefited relative results. The share price of Tesla fell following softer-than-anticipated earnings for the sixth straight quarter as a consequence of its strategy undertaken at the end of 2022 to sacrifice pricing and margins to drive sales. Relative contribution (%) 0.7 Apple Inc The portfolio's underweight position in computer and personal electronics maker Apple (United States) lifted relative returns. The stock price declined as the company reported a slowdown in iPhone demand in China. App store revenues from China were also below analyst expectations. The stock price suffered further after the Department of Justice filed a civil antitrust lawsuit alleging the company monopolized the smartphone market by discouraging innovation that threatens its competitive position or disintermediates the iPhone. Howmet Aerospace An overweight position in aerospace and transportation engineering firm Howmet Aerospace (United States) bolstered relative returns. The company reported better-than-expected earnings results, driven by strong performance in its fastening systems, engineered structures, and engine products segments. Inc. FOR DEALER AND INSTITUTIONAL USE ONLY. - Massachusetts Investors Trust PRPEQ-MIT-31-Mar-24 0.6 0.3 00 8

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