Defining and Demystifying Smart Beta: Implications for Active Management Speakers: Jeff McGrew, CFA, Institutional Portfolio Manager, MFS Christine Girvan, Managing Director – Canada, MFS

34054.1

Agenda • Smart beta around the world • From theory to reality • Managing factors in an integrated investment program

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Which of the following best describes your organization: 1. Have a smart beta strategy 2. Have evaluated smart beta but did not allocate 3. Currently evaluating or plan to evaluate 4. Do not plan to evaluate 3

Who? North America

Europe Have smart beta allocation

13% 21%

21%

21%

27% 40%

19% 14% 22%

68% 19%

14%

36%

32%

18%

Currently evaluating smart beta

23%

13%

Evaluated and decided not to implement

27% 16%

23%

15%

21%

5% 5%

38% 25%

23%

7% 11%

Total