EIF Prospectus - Bright Directions

MFS Value Fund
Class 529B
Years ended 8/31
2013 2012 2011 2010 2009
Net asset value, beginning of period $ 24.48 $ 21.45 $ 19.12 $ 19.06 $ 23.37
Income (loss) from investment operations
Net investment income (d) $ 0.27 $ 0.24 $ 0.14 $ 0.14 $ 0.20
Net realized and unrealized gain (loss) on investments and foreign
currency 4.99 3.01 2.32 0.06 (g) (4.30)
Total from investment operations $ 5.26 $ 3.25 $ 2.46 $ 0.20 $ (4.10)
Less distributions declared to shareholders
From net investment income $ (0.26) $ (0.22) $ (0.13) $ (0.14) $ (0.21)
From net realized gain on investments (0.19) – – – –
Total distributions declared to shareholders $ (0.45) $ (0.22) $ (0.13) $ (0.14) $ (0.21)
Net asset value, end of period (x) $ 29.29 $ 24.48 $ 21.45 $ 19.12 $ 19.06
Total return (%) (r)(s)(t)(x) 21.74 15.27 12.84 1.01 (17.46)
Ratios (%) (to average net assets) and Supplemental data:
Expenses before expense reductions (f) 1.78 1.79 1.80 1.83 1.89
Expenses after expense reductions (f) 1.71 1.73 1.78 1.83 1.89
Net investment income 1.00 1.05 0.64 0.70 1.15
Portfolio turnover 12 14 17 22 33
Net assets at end of period (000 omitted) $ 1,013 $ 963 $ 1,147 $ 1,198 $ 1,215
Class 529C
Years ended 8/31
2013 2012 2011 2010 2009
Net asset value, beginning of period $ 24.43 $ 21.43 $ 19.11 $ 19.05 $ 23.35
Income (loss) from investment operations
Net investment income (d) $ 0.27 $ 0.24 $ 0.15 $ 0.14 $ 0.20
Net realized and unrealized gain (loss) on investments and foreign
currency 4.99 2.99 2.31 0.07 (g) (4.30)
Total from investment operations $ 5.26 $ 3.23 $ 2.46 $ 0.21 $ (4.10)
Less distributions declared to shareholders
From net investment income $ (0.27) $ (0.23) $ (0.14) $ (0.15) $ (0.20)
From net realized gain on investments (0.19) – – – –
Total distributions declared to shareholders $ (0.46) $ (0.23) $ (0.14) $ (0.15) $ (0.20)
Net asset value, end of period (x) $ 29.23 $ 24.43 $ 21.43 $ 19.11 $ 19.05
Total return (%) (r)(s)(t)(x) 21.80 15.18 12.82 1.06 (17.45)
Ratios (%) (to average net assets) and Supplemental data:
Expenses before expense reductions (f) 1.78 1.79 1.80 1.83 1.89
Expenses after expense reductions (f) 1.72 1.73 1.78 1.83 1.89
Net investment income 1.00 1.06 0.65 0.69 1.15
Portfolio turnover 12 14 17 22 33
Net assets at end of period (000 omitted) $ 3,387 $ 2,610 $ 2,438 $ 2,180 $ 1,710
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