MFS-Global Contrarian Equity Trust

The Trust generally focuses its investments in companies whose shares MFS believes are priced at a significant discount to their intrinsic value (""value companies""), which may be due to adverse maket sentiment, a restructuring or other issuer-specific challenges. Thr Trust focuses its investments in companies with medium to large market capitalisations, but may invest in companies of any size. The Trust may invest a relatively large percentage of its assets in a single company or a small number of companies.