# EDGAR Filing Document

**Accession Number:** 0000911637
**File Stem:** 0001752724-23-037786
**Filing Date:** 2023-2
**Character Count:** 70795
**Document Hash:** e0d6f9b68c1f5743d06a5159726aa7ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037786.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037786

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST XI
- **CENTRAL INDEX KEY:** 0000911637
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07992
- **FILM NUMBER:** 23663331

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS UNION STANDARD TRUST
- **DATE OF NAME CHANGE:** 19930907

## Series and Classes Contracts Data

### MFS Blended Research Core Equity Fund (Series ID: S000002500)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006789 | A            | MUEAX           |
| C000006790 | B            | MUSBX           |
| C000006791 | C            | MUECX           |
| C000006792 | I            | MUSEX           |
| C000068492 | R1           | MUERX           |
| C000068493 | R2           | MUESX           |
| C000068494 | R3           | MUETX           |
| C000068495 | R4           | MUEUX           |
| C000068496 | R6           | MUEVX           |

## Nport-Ex

![](img030d2a591.gif)

### Quarterly Report
December 31, 2022

MFS<sup>®</sup> Blended Research<sup>®</sup> <br> Core Equity Fund

![](img33d80fb32.gif)

UNE-Q1

------

### Portfolio of Investments
12/31/22 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Common Stocks – 100.7% | Common Stocks – 100.7% | Common Stocks – 100.7% |
| Aerospace & Defense – 2.2% | Aerospace & Defense – 2.2% |  |
| General Dynamics Corp. | &nbsp;&nbsp;&nbsp;64955 | &nbsp;&nbsp;&nbsp;$16115985 |
| Honeywell International, Inc. | &nbsp;&nbsp;&nbsp;17477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3745321 |
| Textron, Inc. | &nbsp;&nbsp;&nbsp;18807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1331536 |
|  |  | &nbsp;&nbsp;&nbsp;$21192842 |
| Airlines – 0.2% | Airlines – 0.2% |  |
| United Airlines Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;47610 | &nbsp;&nbsp;&nbsp;&nbsp;$1794897 |
| Alcoholic Beverages – 0.1% | Alcoholic Beverages – 0.1% |  |
| Constellation Brands, Inc., "A" | &nbsp;&nbsp;&nbsp;&nbsp;4164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$965007 |
| Apparel Manufacturers – 0.2% | Apparel Manufacturers – 0.2% |  |
| NIKE, Inc., "B" | &nbsp;&nbsp;&nbsp;13551 | &nbsp;&nbsp;&nbsp;&nbsp;$1585602 |
| Automotive – 1.7% | Automotive – 1.7% |  |
| Aptiv PLC (a) | &nbsp;&nbsp;&nbsp;29310 | &nbsp;&nbsp;&nbsp;&nbsp;$2729640 |
| General Motors Co. | &nbsp;&nbsp;&nbsp;49493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1664945 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;37579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4660548 |
| LKQ Corp. | &nbsp;&nbsp;&nbsp;58212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3109103 |
| Tesla, Inc. (a) | &nbsp;&nbsp;&nbsp;38657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4761769 |
|  |  | &nbsp;&nbsp;&nbsp;$16926005 |
| Biotechnology – 1.5% | Biotechnology – 1.5% |  |
| Biogen, Inc. (a) | &nbsp;&nbsp;&nbsp;41095 | &nbsp;&nbsp;&nbsp;$11380027 |
| Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;34510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2962684 |
|  |  | &nbsp;&nbsp;&nbsp;$14342711 |
| Broadcasting – 0.5% | Broadcasting – 0.5% |  |
| Walt Disney Co. (a) | &nbsp;&nbsp;&nbsp;61628 | &nbsp;&nbsp;&nbsp;&nbsp;$5354241 |
| Brokerage & Asset Managers – 1.4% | Brokerage & Asset Managers – 1.4% |  |
| Charles Schwab Corp. | &nbsp;&nbsp;&nbsp;34413 | &nbsp;&nbsp;&nbsp;&nbsp;$2865226 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp;99968 | &nbsp;&nbsp;&nbsp;&nbsp;10681581 |
|  |  | &nbsp;&nbsp;&nbsp;$13546807 |
| Business Services – 2.7% | Business Services – 2.7% |  |
| Accenture PLC, "A" | &nbsp;&nbsp;&nbsp;53944 | &nbsp;&nbsp;&nbsp;$14394417 |
| GoDaddy, Inc. (a) | &nbsp;&nbsp;147867 | &nbsp;&nbsp;&nbsp;&nbsp;11063409 |
| PayPal Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;13618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969874 |
|  |  | &nbsp;&nbsp;&nbsp;$26427700 |
| Cable TV – 1.1% | Cable TV – 1.1% |  |
| Charter Communications, Inc., "A" (a) | &nbsp;&nbsp;&nbsp;30646 | &nbsp;&nbsp;&nbsp;$10392059 |
| Computer Software – 8.8% | Computer Software – 8.8% |  |
| Adobe Systems, Inc. (a) | &nbsp;&nbsp;&nbsp;47365 | &nbsp;&nbsp;&nbsp;$15939743 |
| Atlassian Corp. (a) | &nbsp;&nbsp;&nbsp;40086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5158267 |
| Microsoft Corp. | &nbsp;&nbsp;257437 | &nbsp;&nbsp;&nbsp;&nbsp;61738541 |
| Palo Alto Networks, Inc. (a) | &nbsp;&nbsp;&nbsp;19451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2714193 |
|  |  | &nbsp;&nbsp;&nbsp;$85550744 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Common Stocks – continued | Common Stocks – continued | Common Stocks – continued |
| Computer Software - Systems – 6.3% | Computer Software - Systems – 6.3% |  |
| Apple, Inc. | &nbsp;&nbsp;434584 | &nbsp;&nbsp;&nbsp;$56465499 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;34663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1823621 |
| ServiceNow, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2604515 |
|  |  | &nbsp;&nbsp;&nbsp;$60893635 |
| Construction – 0.3% | Construction – 0.3% |  |
| Sherwin-Williams Co. | &nbsp;&nbsp;&nbsp;10982 | &nbsp;&nbsp;&nbsp;&nbsp;$2606358 |
| Consumer Products – 1.4% | Consumer Products – 1.4% |  |
| Colgate-Palmolive Co. | &nbsp;&nbsp;162946 | &nbsp;&nbsp;&nbsp;$12838515 |
| Procter & Gamble Co. | &nbsp;&nbsp;&nbsp;&nbsp;6687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013482 |
|  |  | &nbsp;&nbsp;&nbsp;$13851997 |
| Consumer Services – 2.3% | Consumer Services – 2.3% |  |
| Airbnb, Inc., "A" (a) | &nbsp;&nbsp;&nbsp;10665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$911857 |
| Booking Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;7788 | &nbsp;&nbsp;&nbsp;&nbsp;15695001 |
| Expedia Group, Inc. (a) | &nbsp;&nbsp;&nbsp;63543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5566367 |
|  |  | &nbsp;&nbsp;&nbsp;$22173225 |
| Electrical Equipment – 0.6% | Electrical Equipment – 0.6% |  |
| TE Connectivity Ltd. | &nbsp;&nbsp;&nbsp;47582 | &nbsp;&nbsp;&nbsp;&nbsp;$5462414 |
| Electronics – 5.9% | Electronics – 5.9% |  |
| Applied Materials, Inc. | &nbsp;&nbsp;160867 | &nbsp;&nbsp;&nbsp;$15665228 |
| Corning, Inc. | &nbsp;&nbsp;123702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3951042 |
| Intel Corp. | &nbsp;&nbsp;&nbsp;41244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090079 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;15297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6429329 |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;33653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681977 |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1052062 |
| NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp;63039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9962053 |
| Texas Instruments, Inc. | &nbsp;&nbsp;104832 | &nbsp;&nbsp;&nbsp;&nbsp;17320343 |
|  |  | &nbsp;&nbsp;&nbsp;$57152113 |
| Energy - Independent – 2.7% | Energy - Independent – 2.7% |  |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;70845 | &nbsp;&nbsp;&nbsp;&nbsp;$8245650 |
| Valero Energy Corp. | &nbsp;&nbsp;141262 | &nbsp;&nbsp;&nbsp;&nbsp;17920497 |
|  |  | &nbsp;&nbsp;&nbsp;$26166147 |
| Energy - Integrated – 0.2% | Energy - Integrated – 0.2% |  |
| Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;19305 | &nbsp;&nbsp;&nbsp;&nbsp;$2129341 |
| Engineering - Construction – 0.2% | Engineering - Construction – 0.2% |  |
| EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;11592 | &nbsp;&nbsp;&nbsp;&nbsp;$1716891 |
| Entertainment – 0.1% | Entertainment – 0.1% |  |
| Live Nation Entertainment, Inc. (a) | &nbsp;&nbsp;&nbsp;22275 | &nbsp;&nbsp;&nbsp;&nbsp;$1553458 |
| Food & Beverages – 3.1% | Food & Beverages – 3.1% |  |
| Archer Daniels Midland Co. | &nbsp;&nbsp;193847 | &nbsp;&nbsp;&nbsp;$17998694 |
| Mondelez International, Inc. | &nbsp;&nbsp;&nbsp;49815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3320170 |
| PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;33353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6025553 |
| Tyson Foods, Inc., "A" | &nbsp;&nbsp;&nbsp;46472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2892882 |
|  |  | &nbsp;&nbsp;&nbsp;$30237299 |
| Food & Drug Stores – 0.3% | Food & Drug Stores – 0.3% |  |
| Albertsons Cos., Inc., "A" | &nbsp;&nbsp;140967 | &nbsp;&nbsp;&nbsp;&nbsp;$2923656 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Common Stocks – continued | Common Stocks – continued | Common Stocks – continued |
| Gaming & Lodging – 0.5% | Gaming & Lodging – 0.5% |  |
| Marriott International, Inc., "A" | &nbsp;&nbsp;&nbsp;30280 | &nbsp;&nbsp;&nbsp;&nbsp;$4508389 |
| Health Maintenance Organizations – 3.8% | Health Maintenance Organizations – 3.8% |  |
| Cigna Corp. | &nbsp;&nbsp;&nbsp;58587 | &nbsp;&nbsp;&nbsp;$19412217 |
| Humana, Inc. | &nbsp;&nbsp;&nbsp;26580 | &nbsp;&nbsp;&nbsp;&nbsp;13614010 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4182060 |
|  |  | &nbsp;&nbsp;&nbsp;$37208287 |
| Insurance – 5.5% | Insurance – 5.5% |  |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;30592 | &nbsp;&nbsp;&nbsp;&nbsp;$9525431 |
| Berkshire Hathaway, Inc., "B" (a) | &nbsp;&nbsp;&nbsp;18488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5710943 |
| Equitable Holdings, Inc. | &nbsp;&nbsp;267035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7663905 |
| Everest Re Group Ltd. | &nbsp;&nbsp;&nbsp;30878 | &nbsp;&nbsp;&nbsp;&nbsp;10228955 |
| Hartford Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;15863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1202891 |
| MetLife, Inc. | &nbsp;&nbsp;244422 | &nbsp;&nbsp;&nbsp;&nbsp;17688820 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;&nbsp;10243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1455428 |
|  |  | &nbsp;&nbsp;&nbsp;$53476373 |
| Internet – 5.2% | Internet – 5.2% |  |
| Alphabet, Inc., "A" (a) | &nbsp;&nbsp;231208 | &nbsp;&nbsp;&nbsp;$20399482 |
| Alphabet, Inc., "C" (a) | &nbsp;&nbsp;251616 | &nbsp;&nbsp;&nbsp;&nbsp;22325888 |
| Gartner, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;3918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1316996 |
| Meta Platforms, Inc., "A" (a) | &nbsp;&nbsp;&nbsp;55817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6717018 |
|  |  | &nbsp;&nbsp;&nbsp;$50759384 |
| Leisure & Toys – 1.3% | Leisure & Toys – 1.3% |  |
| Brunswick Corp. | &nbsp;&nbsp;&nbsp;98839 | &nbsp;&nbsp;&nbsp;&nbsp;$7124315 |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;14557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1778574 |
| Polaris, Inc. | &nbsp;&nbsp;&nbsp;35275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3562775 |
|  |  | &nbsp;&nbsp;&nbsp;$12465664 |
| Machinery & Tools – 2.2% | Machinery & Tools – 2.2% |  |
| Carrier Global Corp. | &nbsp;&nbsp;&nbsp;23258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$959393 |
| Eaton Corp. PLC | &nbsp;&nbsp;&nbsp;40716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6390376 |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;23746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1240728 |
| PACCAR, Inc. | &nbsp;&nbsp;&nbsp;55570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5499763 |
| Timken Co. | &nbsp;&nbsp;&nbsp;70897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5010291 |
| Wabtec Corp. | &nbsp;&nbsp;&nbsp;24878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2483073 |
|  |  | &nbsp;&nbsp;&nbsp;$21583624 |
| Major Banks – 4.4% | Major Banks – 4.4% |  |
| Bank of America Corp. | &nbsp;&nbsp;202837 | &nbsp;&nbsp;&nbsp;&nbsp;$6717961 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;172827 | &nbsp;&nbsp;&nbsp;&nbsp;23176101 |
| Wells Fargo & Co. | &nbsp;&nbsp;305209 | &nbsp;&nbsp;&nbsp;&nbsp;12602080 |
|  |  | &nbsp;&nbsp;&nbsp;$42496142 |
| Medical & Health Technology & Services – 1.6% | Medical & Health Technology & Services – 1.6% |  |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;36961 | &nbsp;&nbsp;&nbsp;$13864811 |
| Veeva Systems, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;9664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1559576 |
|  |  | &nbsp;&nbsp;&nbsp;$15424387 |
| Medical Equipment – 2.2% | Medical Equipment – 2.2% |  |
| Abbott Laboratories | &nbsp;&nbsp;&nbsp;20021 | &nbsp;&nbsp;&nbsp;&nbsp;$2198106 |
| Boston Scientific Corp. (a) | &nbsp;&nbsp;&nbsp;36251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677334 |
| Hologic, Inc. (a) | &nbsp;&nbsp;&nbsp;16176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1210127 |
| Medtronic PLC | &nbsp;&nbsp;101398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7880652 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;15024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8273566 |
|  |  | &nbsp;&nbsp;&nbsp;$21239785 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Common Stocks – continued | Common Stocks – continued | Common Stocks – continued |
| Natural Gas - Pipeline – 1.4% | Natural Gas - Pipeline – 1.4% |  |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;62003 | &nbsp;&nbsp;&nbsp;&nbsp;$9297970 |
| Targa Resources Corp. | &nbsp;&nbsp;&nbsp;59180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4349730 |
|  |  | &nbsp;&nbsp;&nbsp;$13647700 |
| Network & Telecom – 0.5% | Network & Telecom – 0.5% |  |
| Equinix, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp;7346 | &nbsp;&nbsp;&nbsp;&nbsp;$4811850 |
| Oil Services – 0.1% | Oil Services – 0.1% |  |
| NOV, Inc. | &nbsp;&nbsp;&nbsp;60324 | &nbsp;&nbsp;&nbsp;&nbsp;$1260168 |
| Other Banks & Diversified Financials – 3.2% | Other Banks & Diversified Financials – 3.2% |  |
| Mastercard, Inc., "A" | &nbsp;&nbsp;&nbsp;&nbsp;6589 | &nbsp;&nbsp;&nbsp;&nbsp;$2291193 |
| SLM Corp. | &nbsp;&nbsp;726823 | &nbsp;&nbsp;&nbsp;&nbsp;12065262 |
| Visa, Inc., "A" | &nbsp;&nbsp;&nbsp;79231 | &nbsp;&nbsp;&nbsp;&nbsp;16461032 |
|  |  | &nbsp;&nbsp;&nbsp;$30817487 |
| Pharmaceuticals – 7.7% | Pharmaceuticals – 7.7% |  |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;27219 | &nbsp;&nbsp;&nbsp;&nbsp;$9957799 |
| Johnson & Johnson | &nbsp;&nbsp;136378 | &nbsp;&nbsp;&nbsp;&nbsp;24091173 |
| Merck & Co., Inc. | &nbsp;&nbsp;229763 | &nbsp;&nbsp;&nbsp;&nbsp;25492205 |
| Pfizer, Inc. | &nbsp;&nbsp;&nbsp;84883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4349405 |
| Vertex Pharmaceuticals, Inc. (a) | &nbsp;&nbsp;&nbsp;38515 | &nbsp;&nbsp;&nbsp;&nbsp;11122362 |
|  |  | &nbsp;&nbsp;&nbsp;$75012944 |
| Railroad & Shipping – 1.6% | Railroad & Shipping – 1.6% |  |
| CSX Corp. | &nbsp;&nbsp;498630 | &nbsp;&nbsp;&nbsp;$15447557 |
| Real Estate – 2.9% | Real Estate – 2.9% |  |
| Extra Space Storage, Inc., REIT | &nbsp;&nbsp;&nbsp;47934 | &nbsp;&nbsp;&nbsp;&nbsp;$7054926 |
| Host Hotels & Resorts, Inc., REIT | &nbsp;&nbsp;297433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4773800 |
| Life Storage, Inc., REIT | &nbsp;&nbsp;&nbsp;22426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2208961 |
| Simon Property Group, Inc., REIT | &nbsp;&nbsp;&nbsp;53594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6296223 |
| VICI Properties, Inc., REIT | &nbsp;&nbsp;247305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8012682 |
|  |  | &nbsp;&nbsp;&nbsp;$28346592 |
| Restaurants – 0.2% | Restaurants – 0.2% |  |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp;22769 | &nbsp;&nbsp;&nbsp;&nbsp;$2070841 |
| Specialty Chemicals – 2.1% | Specialty Chemicals – 2.1% |  |
| Chemours Co. | &nbsp;&nbsp;311038 | &nbsp;&nbsp;&nbsp;&nbsp;$9523983 |
| Linde PLC | &nbsp;&nbsp;&nbsp;22188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7237282 |
| Univar Solutions, Inc. (a) | &nbsp;&nbsp;104380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3319284 |
|  |  | &nbsp;&nbsp;&nbsp;$20080549 |
| Specialty Stores – 6.7% | Specialty Stores – 6.7% |  |
| Amazon.com, Inc. (a) | &nbsp;&nbsp;247284 | &nbsp;&nbsp;&nbsp;$20771856 |
| Builders FirstSource, Inc. (a) | &nbsp;&nbsp;&nbsp;36921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2395435 |
| Home Depot, Inc. | &nbsp;&nbsp;&nbsp;37890 | &nbsp;&nbsp;&nbsp;&nbsp;11967935 |
| O'Reilly Automotive, Inc. (a) | &nbsp;&nbsp;&nbsp;18008 | &nbsp;&nbsp;&nbsp;&nbsp;15199292 |
| Wal-Mart Stores, Inc. | &nbsp;&nbsp;107107 | &nbsp;&nbsp;&nbsp;&nbsp;15186702 |
|  |  | &nbsp;&nbsp;&nbsp;$65521220 |
| Telecommunications - Wireless – 0.1% | Telecommunications - Wireless – 0.1% |  |
| T-Mobile US, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;9738 | &nbsp;&nbsp;&nbsp;&nbsp;$1363320 |
| Telephone Services – 0.3% | Telephone Services – 0.3% |  |
| Lumen Technologies, Inc. | &nbsp;&nbsp;547356 | &nbsp;&nbsp;&nbsp;&nbsp;$2857198 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Common Stocks – continued | Common Stocks – continued | Common Stocks – continued |
| Trucking – 1.0% | Trucking – 1.0% |  |
| United Parcel Service, Inc., "B" | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54299 | &nbsp;&nbsp;$9439338 |
| Utilities - Electric Power – 2.4% | Utilities - Electric Power – 2.4% |  |
| American Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43317 | &nbsp;&nbsp;$4112949 |
| Exelon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8359774 |
| PG&E Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066282 |
| Vistra Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9946188 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$23485193 |
| **Total Common Stocks** |  | &nbsp;&nbsp;**$978269141** |
| Investment Companies (h) – 1.6% | Investment Companies (h) – 1.6% | Investment Companies (h) – 1.6% |
| Money Market Funds – 1.6% | Money Market Funds – 1.6% |  |
| MFS Institutional Money Market Portfolio, 4.02% (v) | 15134156 | &nbsp;&nbsp;&nbsp;$15138697 |
| Other Assets, Less Liabilities – (2.3)% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22471559) |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp;&nbsp;**$970936279** |

---

(a) Non-income producing security.

(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end,
the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $15,138,697 and $978,269,141, respectively.

(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized
seven-day yield of the fund at period end.

The following abbreviations are used in this report and are defined: <br> REIT Real Estate Investment Trust

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

### Supplemental Information
12/31/22 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(1) Investment Valuations

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. Effective September 8, 2022, and in accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Open-end investment companies are generally valued at net asset value per share.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund's net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund's foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. The following is a summary of the levels used as of December 31, 2022 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| Equity Securities | &nbsp;&nbsp;&nbsp;$978269141 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$978269141 |
| Mutual Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15138697 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15138697 |
| Total | &nbsp;&nbsp;&nbsp;$993407838 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$993407838 |

---

For further information regarding security characteristics, see the Portfolio of Investments.

------

Supplemental Information (unaudited) – continued

(2) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Beginning<br> Value** | &nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation or<br> Depreciation** | &nbsp;&nbsp;**Ending<br> Value** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$6208959 | &nbsp;&nbsp;$36531648 | &nbsp;&nbsp;$27603387 | &nbsp;&nbsp;$927 | &nbsp;&nbsp;$550 | &nbsp;&nbsp;$15138697 |

---

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Dividend<br> Income** | &nbsp;&nbsp;**Capital Gain<br> Distributions** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$80194 | &nbsp;&nbsp;$— |

---

(3) Russia and Ukraine Conflict

The market disruptions, which began in late February 2022, associated with geopolitical events related to the conflict between Russia and Ukraine may adversely affect the value of the fund's assets and thus the fund's performance. Management continues to monitor these events and to evaluate the related impacts, if any, to the fund.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** MFS SERIES TRUST XI

- **b. Investment Company Act file number:** 811-07992

- **c. CIK number of Registrant:** 0000911637

- **d. LEI of Registrant:** 549300O3TPADV1WWUX67

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

**Item A.2. Information about the Series.**

- **a. Name of Series:** MFS Blended Research Core Equity Fund

- **b. EDGAR series identifier (if any):** S000002500

- **c. LEI of Series:** SQK3NYUBFBKJ3GF1IO09

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $995998164.96

**Total Liabilities:** $6118950.93

**Net Assets:** $989879214.03

**Cash Not Reported:** $2056832.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000068496 | 9.03%                | 4.63%                | -6.27%               |
| Class ID C000006791 | 8.90%                | 4.56%                | -6.37%               |
| Class ID C000006790 | 8.92%                | 4.55%                | -6.36%               |
| Class ID C000068495 | 9.01%                | 4.59%                | -6.27%               |
| Class ID C000068494 | 8.96%                | 4.61%                | -6.27%               |
| Class ID C000068493 | 8.94%                | 4.58%                | -6.30%               |
| Class ID C000006792 | 8.98%                | 4.64%                | -6.28%               |
| Class ID C000068492 | 8.94%                | 4.52%                | -6.34%               |
| Class ID C000006789 | 8.96%                | 4.63%                | -6.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7134956.84              | $75162725.39                               |
| Month 2  | $362562.12               | $44805695.83                               |
| Month 3  | $5408448.05              | $-72452408.95                              |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc               | Honeywell International Inc               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     17477 | NS      | $3745321.10   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                    | Equitable Holdings Inc                    | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    267035 | NS      | $7663904.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                 | United Parcel Service Inc                 | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     54299 | NS      | $9439338.16   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                             | Accenture PLC                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     53944 | NS      | $14394416.96  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc            | American Electric Power Co Inc            | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     43317 | NS      | $4112949.15   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                         | General Motors Co                         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     49493 | NS      | $1664944.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                               | Vistra Corp                               | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    428715 | NS      | $9946188.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                            | Atlassian Corp                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     40086 | NS      | $5158266.48   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                | Vertex Pharmaceuticals Inc                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     38515 | NS      | $11122361.70  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                | Mondelez International Inc                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     49815 | NS      | $3320169.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                         | Johnson & Johnson                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    136378 | NS      | $24091173.70  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                    | UnitedHealth Group Inc                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7888 | NS      | $4182059.84   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                        | Valero Energy Corp                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    141262 | NS      | $17920497.32  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                          | Wells Fargo & Co                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    305209 | NS      | $12602079.61  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                   | Marathon Petroleum Corp                   | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     70845 | NS      | $8245649.55   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc          | Reinsurance Group of America Inc          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     10243 | NS      | $1455427.87   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC           | Seagate Technology Holdings PLC           | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     34663 | NS      | $1823620.43   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc              | Thermo Fisher Scientific Inc              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     15024 | NS      | $8273566.56   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                         | Expedia Group Inc                         | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63543 | NS      | $5566366.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd                      | Everest Re Group Ltd                      | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     30878 | NS      | $10228955.06  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                  | NIKE Inc                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     13551 | NS      | $1585602.51   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     33653 | NS      | $1681976.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                 | Linde PLC                                 | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |     22188 | NS      | $7237281.84   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                               | Polaris Inc                               | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     35275 | NS      | $3562775.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                     | General Dynamics Corp                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     64955 | NS      | $16115985.05  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                       | Cheniere Energy Inc                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     62003 | NS      | $9297969.88   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD             | Marriott International Inc/MD             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     30280 | NS      | $4508389.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                               | Exelon Corp                               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    193379 | NS      | $8359774.17   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                 | Lear Corp                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     37579 | NS      | $4660547.58   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                             | Medtronic PLC                             | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    101398 | NS      | $7880652.56   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                               | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     33353 | NS      | $6025552.98   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments Inc                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    104832 | NS      | $17320343.04  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                       | PayPal Holdings Inc                       | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     13618 | NS      | $969873.96    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    231208 | NS      | $20399481.84  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                    | Lumen Technologies Inc                    | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    547356 | NS      | $2857198.32   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     79231 | NS      | $16461032.56  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                    | Boston Scientific Corp                    | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     36251 | NS      | $1677333.77   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                 | Archer-Daniels-Midland Co                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    193847 | NS      | $17998693.95  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                     | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     63039 | NS      | $9962053.17   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc               | Raymond James Financial Inc               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     99968 | NS      | $10681580.80  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                | Biogen Inc                                | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     41095 | NS      | $11380027.40  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                   | Procter & Gamble Co/The                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      6687 | NS      | $1013481.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                           | Chemours Co/The                           | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    311038 | NS      | $9523983.56   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                        | Albertsons Cos Inc                        | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    140967 | NS      | $2923655.58   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                                   | NOV Inc                                   | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     60324 | NS      | $1260168.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    257437 | NS      | $61738541.34  | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                      | Targa Resources Corp                      | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     59180 | NS      | $4349730.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                           | Tyson Foods Inc                           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     46472 | NS      | $2892882.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                         | Veeva Systems Inc                         | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      9664 | NS      | $1559576.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                     | Applied Materials Inc                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    160867 | NS      | $15665228.46  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                  | Constellation Brands Inc                  | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      4164 | NS      | $965007.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      7199 | NS      | $1052061.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                 | Adobe Inc                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     47365 | NS      | $15939743.45  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    251616 | NS      | $22325887.68  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                | Cigna Corp                                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     58587 | NS      | $19412216.58  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                   | O'Reilly Automotive Inc                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     18008 | NS      | $15199292.24  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                           | EMCOR Group Inc                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     11592 | NS      | $1716891.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                        | Walt Disney Co/The                        | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     61628 | NS      | $5354240.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                               | Gartner Inc                               | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      3918 | NS      | $1316996.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart Inc                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    107107 | NS      | $15186701.53  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                               | GoDaddy Inc                               | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |    147867 | NS      | $11063408.94  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                | Airbnb Inc                                | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     10665 | NS      | $911857.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                | PACCAR Inc                                | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     55570 | NS      | $5499762.90   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                          | Exxon Mobil Corp                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     19305 | NS      | $2129341.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                               | Corning Inc                               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    123702 | NS      | $3951041.88   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                 | Host Hotels & Resorts Inc                 | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    297433 | NS      | $4773799.65   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                         | Brunswick Corp/DE                         | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     98839 | NS      | $7124315.12   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                    | Berkshire Hathaway Inc                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     18488 | NS      | $5710943.20   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse Inc                       | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     22769 | NS      | $2070840.55   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                          | Life Storage Inc                          | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |     22426 | NS      | $2208961.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      6589 | NS      | $2291192.97   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                      | Bank of America Corp                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    202837 | NS      | $6717961.44   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                 | Tesla Inc                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     38657 | NS      | $4761769.26   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                        | Home Depot Inc/The                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     37890 | NS      | $11967935.40  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                | Intel Corp                                | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     41244 | NS      | $1090078.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                 | PG&E Corp                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     65577 | NS      | $1066282.02   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                       | Abbott Laboratories                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     20021 | NS      | $2198105.59   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                  | SLM Corp                                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    726823 | NS      | $12065261.80  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                  | CSX Corp                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    498630 | NS      | $15447557.40  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio  | MFS Institutional Money Market Portfolio  | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  13077941 | NS      | $13081864.40  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                            | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      6708 | NS      | $2604515.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                   | Sherwin-Williams Co/The                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     10982 | NS      | $2606358.06   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                   | Charles Schwab Corp/The                   | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     34413 | NS      | $2865226.38   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                               | MetLife Inc                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    244422 | NS      | $17688820.14  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     55817 | NS      | $6717017.78   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                | Pfizer Inc                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     84883 | NS      | $4349404.92   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd                       | TE Connectivity Ltd                       | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |     47582 | NS      | $5462413.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                       | Carrier Global Corp                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     23258 | NS      | $959392.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                       | VICI Properties Inc                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    247305 | NS      | $8012682.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                  | LKQ Corp                                  | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     58212 | NS      | $3109102.92   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks Inc                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     19451 | NS      | $2714192.54   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                  | Simon Property Group Inc                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     53594 | NS      | $6296223.12   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc             | Live Nation Entertainment Inc             | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     22275 | NS      | $1553458.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                        | Ingersoll Rand Inc                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     23746 | NS      | $1240728.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                               | Textron Inc                               | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     18807 | NS      | $1331535.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                         | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     15297 | NS      | $6429329.10   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                  | Ameriprise Financial Inc                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     30592 | NS      | $9525431.04   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The | Hartford Financial Services Group Inc/The | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     15863 | NS      | $1202891.29   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                       | Electronic Arts Inc                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     14557 | NS      | $1778574.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                             | McKesson Corp                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     36961 | NS      | $13864810.32  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                | Humana Inc                                | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     26580 | NS      | $13614010.20  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc              | United Airlines Holdings Inc              | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     47610 | NS      | $1794897.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    434584 | NS      | $56465499.12  | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                  | Builders FirstSource Inc                  | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     36921 | NS      | $2395434.48   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Univar Solutions Inc                      | Univar Solutions Inc                      | CUSIP: 91336L107<br>LEI: 549300VSXHFQVR770L55 | Long             | EC               | CORP              | US        |    104380 | NS      | $3319284.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-Mobile US Inc                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      9738 | NS      | $1363320.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                | Charter Communications Inc                | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     30646 | NS      | $10392058.60  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                   | Extra Space Storage Inc                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47934 | NS      | $7054926.12   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                      | Booking Holdings Inc                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      7788 | NS      | $15695000.64  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                 | Aptiv PLC                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     29310 | NS      | $2729640.30   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                            | Merck & Co Inc                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    229763 | NS      | $25492204.85  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                               | Equinix Inc                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      7346 | NS      | $4811850.38   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                      | Colgate-Palmolive Co                      | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    162946 | NS      | $12838515.34  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                            | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     27219 | NS      | $9957798.96   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                       | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    172827 | NS      | $23176100.70  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    247284 | NS      | $20771856.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp  | Westinghouse Air Brake Technologies Corp  | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     24878 | NS      | $2483073.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                               | Hologic Inc                               | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     16176 | NS      | $1210126.56   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                            | Eaton Corp PLC                            | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     40716 | NS      | $6390376.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                       | Gilead Sciences Inc                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     34510 | NS      | $2962683.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                             | Timken Co/The                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     70897 | NS      | $5010290.99   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** MFS SERIES TRUST XI

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer