MFS Inflation-Adjusted Bond A MIAAX

MFS has announced that Jake Stone will join MFS Inflation-Adjusted Bond as a comanager starting in August 2024. Stone will work alongside current lead manager Erik Weisman and comanager Geoffrey Schechter until the latter's retirement in September 2025. At that point, Stone will formally take over Schechter's responsibilities here, including the management of its small off-benchmark credit sleeve. There will be no change to lead manager Erik Weisman's responsibilities: He will continue to have primary responsibility for the strategy's inflation, yield-curve, duration, and overall credit risk positioning. Given Weisman's continued presence and the long handover period between Schechter and Stone, we do not expect this change to be disruptive to the management of the strategy. We reaffirm its current People and Process ratings of Average.