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MFS Investment Management Renews Online Advice Agreement with Morningstar Associates

CHICAGO, Sep 26, 2001 – MFS Investment Management®, a premier global money management firm, has renewed its agreement with Morningstar Associates, LLC. Morningstar will continue to provide Morningstar® ClearFutureSM, an online advice service, to more than 525,000 participants in 8,500 retirement plans through the MFS Retirement Access Web site for the next two years. 

"We're very pleased with our relationship with Morningstar and the level of service they provided over the past year. They've made continual enhancements to ClearFuture and we believe it represents the best retirement advice and guidance choice for our clients," said Carol W. Geremia, president of MFS Investment Management. "We believe plan participants have benefited through our association with Morningstar, a firm synonymous with unbiased investment information and dedication to investors."

MFS makes two versions of ClearFuture available to its plan sponsor clients. The first option, Guidance, is offered free of charge and provides participants with online educational materials, research, and personalized asset-allocation suggestions. These suggestions highlight investment options within each asset category that achieved the highest Morningstar quality rating.

The second option, Advice, offered for a nominal fee, provides participants with specific portfolio advice from Morningstar Associates, using the most suitable investments available in a participant's retirement plan. From either option, participants can immediately implement their new allocations through a direct link from ClearFuture to the MFS recordkeeping system.

Both versions use a goals-based approach, which allows participants to examine the relationships between asset mixes, long-term and short-term risk, and expected retirement income. Moreover, with either path, portfolios are constructed using fundamental holdings-based portfolio analysis, made possible by Morningstar's proprietary database of more than 35,000 mutual funds, stocks, variable annuities, closed-end funds, and separate accounts.

"MFS Investment Management was one of our earliest clients and we've enjoyed an extremely successful working relationship. We're delighted to announce that MFS opted to retain Morningstar as its online advice service provider for an additional two years," said John Rekenthaler, president of Morningstar's online advice business.

About Morningstar Associates, LLC
The Morningstar® ClearFutureSM retirement advice program is provided by Morningstar Associates, LLC, a registered investment advisor and a wholly-owned subsidiary of Chicago-based Morningstar Inc., an independent provider of investment information and analytical tools. Morningstar Inc.'s extensive line of Internet, software, and print services offers news, data, and analysis on stocks, mutual funds, closed-end funds, and variable annuities. Neither Morningstar Inc., nor Morningstar Associates, LLC, owns and operates, or holds any interest in investment products. The financial data and methodology used in ClearFuture are proprietary to Morningstar Inc., and/or Morningstar Associates, LLC. Although the data are gathered from reliable sources, neither Morningstar Inc. nor Morningstar Associates, LLC, guarantees their accuracy, completeness, or timeliness. Past performance is no guarantee of future performance.

About MFS
MFS is a premier global money management firm with investment offices in Boston, London, Tokyo and Singapore. The firm's history dates back to March 21, 1924, and the establishment of the first "open-end" mutual fund. Today, MFS manages more than $140 billion in assets on behalf of 6 million investors worldwide as of June 30, 2001. MFS Retirement Services has more than $18 billion in retirement assets and an account base of more than 525,000 participants nationally as of June 30, 2001. MFS Institutional Advisors, which manages more than $30 billion, provides money management to corporate and public pension plans, trust departments and family offices, insurance companies, endowments and foundations, and investment advisory firms.

 

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