[presenter] [title] BUILDING AND PRESERVING WEALTH Habits of the financially successful MFS Fund Distributors, Inc. may have sponsored this seminar by paying for all or a portion of the associated costs. Such sponsorship may create a conflict of interest to the extent that the broker dealer's financial advisor considers the sponsorship when rendering advice to customers. The views expressed in this presentation are those of MFS and are subject to change at any time. These views should not be relied upon as investment advice, as securities recommendations, or as an indication of trading intent on behalf of any other MFS investment product. MFS Fund Distributors, Inc., Boston, MA NOT FDIC INSURED  MAY LOSE VALUE  NO BANK GUARANTEE

"The market has a very efficient way of transferring wealth from the impatient to the patient." -Warren Buffett 2

3 AGENDA What destroys wealth? How do successful investors create wealth? How do you alter your behavior to work towards being successful?

4 What destroys wealth? How do successful investors create wealth? How do you alter your behavior to work towards being successful?

5 GENERALLY FOUR WAYS TO INVEST 1.Unsuccessfully 2.Long term (varying degrees of success) 3.Short term; success due to luck 4.Short term; success due to manipulation/fraud 5.That's the complete list. #3 and #4 eventually become #1 Three things wealthy people do differently, Huffington Post, 2014.

6 FACTORS THAT SABOTAGE INVESTORS PERCEPTIONEMOTION IMPULSE

SOCIAL MEDIA PERCEPTION Source: Greenwich Associates: Institutional Investing in the Digital Age: How Social Media Informs and Shapes the Investing Process, April % "Information from social media prompted me to do additional research on an industry issue or topic." 33% "Information obtained on social media triggered a discussion with my investment consultant." 7

WOULD YOU BUY THIS INVESTMENT? 8 This example is for illustrative purposes only.

WOULD YOU BUY THIS? 9 This example is for illustrative purposes only.

What if they were the same line? 10

Source: FactSet The S&P Stock Index measures the broad US stock market. It is not possible to invest directly in an index. Past performance is no guarantee of future results. S&P 500 Stock Index performance – WHAT YOU GET? 11 S&P 500 Stock Index

Fear Hope Greed Hope SELL Market Performance Positive Negative BUY HOW DO SOME PEOPLE INVEST? Source: MFS Investment Management 12

Top ten worries cited by investors across generations THE WALL OF WORRY Source: MFS Investing Sentiment Survey, July % 68% 62% 61% 59% 58% 57% 53% 52% RISING HEALTH CARE COSTS LEGISLATIVE GRIDLOCK IN WASHINGTON DC GLOBAL POLITICAL INSTABILITY GROWING FEDERAL DEFICIT MAJOR DROP IN STOCK MARKET REDUCTION IN SOCIAL SECURITY INCREASE IN FEDERAL/STATE/LOCAL TAXES WEAKNESS IN GLOBAL ECONOMY LOSS OF US GLOBAL COMPETITIVENESS RISING INFLATION 13

14 What destroys wealth? How do successful investors create wealth? How do you alter your behavior to work towards being successful?

15 FACTORS THAT BUILD WEALTH REALISTIC GOAL FOCUSED PATIENT Animal waiting for prey. Shark week

ALL MEDIA HAS A BUILT-IN BIAS MFS nor its subsidiaries are affiliated with any of the companies listed on this slide. 16

17 Bear Market*Length Stocks (S) Bonds (B) 20/80 % S/B 20/80 % S/B Sep – 00 Sep – 0225 months-46.3%29.6%14.4%-31.1% Nov – 07 Feb – 0916 months-52.6%16.0%2.3%-38.8% NEAR RETIREMENT SHOCK Potential impact on retirement savings Source: FactSet Stocks represented by the S&P 500 Stock Index (price only return). Standard & Poor's 500 Stock Index measures the broad U.S. stock market. Bonds represented by the Barclays U.S. Aggregate Bond Index which measures the U.S. bond market. Past performance is no guarantee of future results. It is not possible to invest directly in an index. * Bull market data based on analysis conducted as of March 2012.

18 Bull Market*Length Stocks (S) Bonds (B) 40/60 % S/B 60/40 % S/B Jan – 85 Dec – 8624 months44.8%63.2%59.5%48.5% Jan – 97 Dec – 9824 months65.9%30.6%37.6%58.9% Source: FactSet Stocks represented by the S&P 500 Stock Index (price only return). Standard & Poor's 500 Stock Index measures the broad U.S. stock market. Bonds represented by the Barclays U.S. Aggregate Bond Index which measures the U.S. bond market. Past performance is no guarantee of future results. It is not possible to invest directly in an index. * Bull market data based on analysis conducted as of March NEAR RETIREMENT BLISS Potential impact on retirement savings

Investment time horizon 1 year5 years10 years25+ years SWF 1 Endowments SWF 1 Endowments Pensions General Accounts 19 Insurance Volume GOAL-DRIVEN INVESTING Professional investors match investments to goals 2 1.Sovereign Wealth Funds 2.Professional investors = institutional investors Source: MFS Investment Management

Investment time horizon 1 year5 years10 years25+ years Family Wealth Education Emergency Funds 20 Retirement Volume GOAL-DRIVEN INVESTING Invest like a professional investor 1 1. Professional investors = institutional investors Source: MFS Investment Management

through periods of low prices. Source: SPAR. Hypothetical examples are for illustrative purposes only and are not intended to represent the future performance of any MFS ® product. For purposes of this comparison, we have divided the overall market into the following eight indices — the Barclays U.S. Aggregate Bond Index measures the U.S. bond market. The MSCI EAFE Index measure the non-U.S. stock market. The Russell 1000 Growth Index measures large-cap U.S. growth stocks. The Russell 1000 Value Index measures large-cap U.S. value stocks. The Russell 2500 Index measures U.S. small- and mid-cap stocks. The FTSE NAREIT All REITs Total Return Index tracks the performance of commercial real estate across the U.S. economy. The JPMorgan Global Government Bond Index (Unhedged) measures government bond markets around the world. The Bloomberg Commodity Index is composed of futures contracts on physical commodities. Index performance does not reflect the deduction of any investment-related fees and expenses. It is not possible to invest directly in an index. Use of a systematic investing program does not guarantee a profit or protect against a loss in declining markets. You should consider your financial ability to continue to invest through periods of low prices. A TALE OF THREE INVESTORS Hypothetical $1K annual investment from 1/1/91-12/31/15 21

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23 What destroys wealth? How do successful investors create wealth? How do you alter your behavior to work towards being successful?

24 SUCCESSFUL BEHAVIOR Define goals Retirement Family wealth Match investments to goals Stay focused on progress towards goals Emergency fund Education

The S&P Stock Index measures the broad US stock market. Barclays US Aggregate Bond Index measures the U.S. bond market. Past performance is no guarantee of future results. It is not possible to invest in an Index. Hypothetical examples are for illustrative purposes only and are not intended to represent the future performance of any MFS product. Source: SPAR, Factset Systems Research, Inc. Taxes may be due upon withdrawal. Please consult a tax advisor for more information. HYPOTHETICAL GROWTH OF $100K Total withdrawal amount: $237,887 60% S&P 500 Index / 40% Barclays US Aggregate Bond Index Hypothetical above illustrates quarterly rebalancing of the portfolio. It also shows taking an initial annual withdrawal of 5% of the opening account value ($5000) and increasing that amount by 3% each subsequent year in order to keep up with inflation. 25 Market Value Withdrawal Amount

YearEnding BalanceWithdrawalsTotal Return ,505 5, % ,155 5, % ,794 5, % ,921 5, % ,099 5, % ,343 5, % ,720 5, % ,869 6, % ,807 6, % ,344 6, % ,267 6, % ,386 6, % ,935 7, % ,620 7, % ,395 7, % YearEnding BalanceWithdrawalsTotal Return ,832 7, % ,733 8, % ,907 8, % ,969 8, % ,038 8, % ,469 9, % ,534 9, % ,990 9, % ,892 9, % ,098 10, % ,573 10, % ,035 10, % ,661 11, % , % , % GROWTH AND INCOME DELIVERED Keep in mind that all investments carry a certain amount of risk including the possible loss of the principal amount invested. Source: SPAR, Factset Systems Research, Inc. Past performance is no guarantee of future results. It is not possible to invest in an Index. Hypothetical examples are for illustrative purposes only and are not intended to represent the future performance of any MFS product. 26

What destroys wealth? How do successful investors create wealth? SUMMARY Emotion-driven behavior Goal-driven behavior Align goals and time horizon How do you alter your behavior to work towards being successful? 27

FOR MORE INFORMATION, VISIT MFS ®, through Research Collaborative, an independent research firm, sponsored an online survey from July 1-9, 2015 of 936 individual US investors with $100,000 or more in household investable assets and 620 licensed US financial advisors who have been licensed for at least three years with $500,000 or more in annual mutual fund sales. All investor respondents make or share in making financial decisions for their households. MFS was not identified as the sponsor of the survey. Gen Y investors are those under the age of 36; Gen X investors are those between the ages of 36 and 50; Baby Boomer investors are those between the ages of 51 and 69; Mature investors are those age 69 or older. 28

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