U.S. Growth Fund
THIS INFORMATION IS FOR MARKETING PURPOSES ONLY
Please note that this is an actively managed product.
Class I shares are only available to certain qualifying institutional investors.
U.S. Growth Fund
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in U.S. dollars.
INVESTMENT FOCUS
Emphasis is placed on high-quality businesses with a competitive advantage, high barriers to entry, pricing power and ability to expand margins
Fundamentals and valuation drive position sizing
Growth portfolio that seeks companies that have the potential to generate steady, above average rate and duration of growth we believe is underappreciated by the market
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 21-Aug-2019
- Net Assets (US$ M) As of 31-Mar-25 US$69.74
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark Russell 1000® Growth Index (net div)
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 23-Apr-25 $189.57
- Most Recent NAV Change As of 23-Apr-25 $4.49 | 2.43%
- ISIN LU2971678805
- SEDOL BT8SCT1
- WKN A40Z27
- Bloomberg MFUGIF1 LX
- CUSIP L6367C591
- Maximum Sales Charge --
- Benchmark Russell 1000® Growth Index (net div)
MANAGERS
Top 10 Holdings
- Microsoft Corp
- Amazon.com Inc
- Meta Platforms Inc
- NVIDIA Corp
- Alphabet Inc Class A
- Apple Inc
- Mastercard Inc
- Netflix Inc
- Visa Inc
- Boston Scientific Corp
Eric Fischman, CFA
Portfolio Manager
Eric B. Fischman, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. He also participates in the research process and strategy discussions. Eric joined MFS as an equity research analyst in 2000 and was named portfolio manager in 2002. Prior to joining the firm he served as an equity research analyst at State Street Research and as a staff attorney at the US Federal Reserve Board in Washington, D.C. Eric earned a Master of Business Administration degree from Columbia Business School, a law degree from Boston University School of Law and a bachelor's degree from Cornell University. He holds the Certified Financial Analyst (CFA) designation.
Bradford Mak
Portfolio Manager
Bradford J. Mak is an investment officer and equity portfolio manager for the US Growth and Global Strategic Equity strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. Brad joined MFS in 2010 as an equity research analyst, served as the US technology sector team leader from 2016 through 2019 and assumed his current role in 2020. He previously was an investment research analyst for two years at Kingsbrook Partners LP, a spinout of Highbridge Capital Management, where he covered small-cap companies as a generalist. He also spent two years as an investment research analyst at Highbridge, three years as a private equity associate in the health care group at Paul Capital Partners and two years as a strategic planning manager at Genentech, Inc. He has worked in the financial services industry since 2003. Brad has a Bachelor of Arts degree with honors from Brown University and was the recipient of its Royce Fellowship. He earned his Master of Business Administration degree from Harvard University.
Laura Granger, CFA
Institutional Portfolio Manager
Laura Granger, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In her role, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. She also communicates investment policy, strategy and positioning. Laura joined MFS in 2022. She previously worked for eight years as vice president and senior client portfolio manager at American Century Investments. Prior to that she worked for 17 years as a portfolio manager and analyst at multiple investment firms, including Oppenheimer Funds, Fortis Advisors and General Motors Investment Management. She began her career in financial services in 1984. Laura earned a Bachelor of Science degree from Cornell University. She also holds the chartered financial analyst (CFA) designation.
Performance
- 12 Month Total Returns
- Average Annual Total Returns
- Annual Rate of Return
- Pricing & Distributions
- Performance Attribution
12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-Mar-25 [updated monthly]| 12 month period ending: |
31-Mar-21
or Life
|
31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | YTD % | Class Inception |
|---|---|---|---|---|---|---|---|
| Class IF1 Shares, US Dollars at NAV | 49.11 | 7.46 | -13.44 | 42.76 | 3.39 | -10.78 | 19-Feb-2025 |
| Russell 1000® Growth Index (net div) | 62.31 | 14.72 | -11.17 | 38.66 | 7.55 | - | - |
| 12 month period ending: | Class IF1 Shares, US Dollars at NAV | |
|---|---|---|
| 31-Mar-21 or Life | 49.11 | |
| 31-Mar-22 | 7.46 | |
| 31-Mar-23 | -13.44 | |
| 31-Mar-24 | 42.76 | |
| 31-Mar-25 | 3.39 | |
| YTD % | -10.78 | |
| Class Inception | 19-Feb-2025 | 19-Feb-2025 |
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Average Annual Total Returns (%)
Average Annual Total Returns (%)
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Annual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: Russell 1000® Growth Index (net div)|
Life
|
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| At NAV | 12.61 | 30.79 | 22.96 | -31.20 | 35.24 | 31.28 |
| Russell 1000® Growth Index (net div) | - | 38.08 | 27.32 | -29.34 | 42.30 | 33.09 |
| At NAV | Russell 1000® Growth Index (net div) | |
|---|---|---|
| 2024 | 31.28 | 33.09 |
| 2023 | 35.24 | 42.3 |
| 2022 | -31.2 | -29.34 |
| 2021 | 22.96 | 27.32 |
| 2020 | 30.79 | 38.08 |
| 12.61 | - |
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Pricing History
- NAV at Close of Trading on: 23-Apr-25
- Net Asset Value (NAV): $189.57
- Change ($) (since 22-Apr-25): 4.49
- Change (%) (since 22-Apr-25): 2.43
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Distributions
Performance Attribution
GuideAvailable approximately 15 or 25 days after month end
Available approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in U.S. dollars.
INVESTMENT FOCUS
Emphasis is placed on high-quality businesses with a competitive advantage, high barriers to entry, pricing power and ability to expand margins
Fundamentals and valuation drive position sizing
Growth portfolio that seeks companies that have the potential to generate steady, above average rate and duration of growth we believe is underappreciated by the market
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 21-Aug-2019
- Net Assets (US$ M) As of 31-Mar-25 US$69.74
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark Russell 1000® Growth Index (net div)
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 23-Apr-25 $189.57
- Most Recent NAV Change As of 23-Apr-25 $4.49 | 2.43%
- ISIN LU2971678805
- SEDOL BT8SCT1
- WKN A40Z27
- Bloomberg MFUGIF1 LX
- CUSIP L6367C591
- Maximum Sales Charge --
- Benchmark Russell 1000® Growth Index (net div)
MANAGERS
Top 10 Holdings
As of 31-Mar-25- Microsoft Corp
- Amazon.com Inc
- Meta Platforms Inc
- NVIDIA Corp
- Alphabet Inc Class A
- Apple Inc
- Mastercard Inc
- Netflix Inc
- Visa Inc
- Boston Scientific Corp
Eric Fischman, CFA
Portfolio Manager
34YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIOEric B. Fischman, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. He also participates in the research process and strategy discussions. Eric joined MFS as an equity research analyst in 2000 and was named portfolio manager in 2002. Prior to joining the firm he served as an equity research analyst at State Street Research and as a staff attorney at the US Federal Reserve Board in Washington, D.C. Eric earned a Master of Business Administration degree from Columbia Business School, a law degree from Boston University School of Law and a bachelor's degree from Cornell University. He holds the Certified Financial Analyst (CFA) designation.
Bradford Mak
Portfolio Manager
20YEARS WITH INDUSTRY
4YEARS WITH PORTFOLIOBradford J. Mak is an investment officer and equity portfolio manager for the US Growth and Global Strategic Equity strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. Brad joined MFS in 2010 as an equity research analyst, served as the US technology sector team leader from 2016 through 2019 and assumed his current role in 2020. He previously was an investment research analyst for two years at Kingsbrook Partners LP, a spinout of Highbridge Capital Management, where he covered small-cap companies as a generalist. He also spent two years as an investment research analyst at Highbridge, three years as a private equity associate in the health care group at Paul Capital Partners and two years as a strategic planning manager at Genentech, Inc. He has worked in the financial services industry since 2003. Brad has a Bachelor of Arts degree with honors from Brown University and was the recipient of its Royce Fellowship. He earned his Master of Business Administration degree from Harvard University.
Laura Granger, CFA
Institutional Portfolio Manager
34YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOLaura Granger, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In her role, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. She also communicates investment policy, strategy and positioning. Laura joined MFS in 2022. She previously worked for eight years as vice president and senior client portfolio manager at American Century Investments. Prior to that she worked for 17 years as a portfolio manager and analyst at multiple investment firms, including Oppenheimer Funds, Fortis Advisors and General Motors Investment Management. She began her career in financial services in 1984. Laura earned a Bachelor of Science degree from Cornell University. She also holds the chartered financial analyst (CFA) designation.
-
Performance
Performance
- 12 Month Total Returns
- Average Annual Total Returns
- Annual Rate of Return
- Pricing & Distributions
- Performance Attribution
12 Month Total Returns12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-Mar-25 [updated monthly]12 month period ending: 31-Mar-21or Life31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 YTD % Class Inception Class IF1 Shares, US Dollars at NAV 49.11 7.46 -13.44 42.76 3.39 -10.78 19-Feb-2025 Russell 1000® Growth Index (net div) 62.31 14.72 -11.17 38.66 7.55 - - 12 month period ending: Class IF1 Shares, US Dollars at NAV 31-Mar-21 or Life 49.11 31-Mar-22 7.46 31-Mar-23 -13.44 31-Mar-24 42.76 31-Mar-25 3.39 YTD % -10.78 Class Inception 19-Feb-2025 19-Feb-2025 Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Average Annual Total ReturnsAverage Annual Total Returns (%)
Average Annual Total Returns (%)
Updated monthly as of 31-Mar-25Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Annual Rate of ReturnAnnual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: Russell 1000® Growth Index (net div)annual rate of return table Life2020 2021 2022 2023 2024 At NAV 12.61 30.79 22.96 -31.20 35.24 31.28 Russell 1000® Growth Index (net div) - 38.08 27.32 -29.34 42.30 33.09 At NAV Russell 1000® Growth Index (net div) 2024 31.28 33.09 2023 35.24 42.3 2022 -31.2 -29.34 2021 22.96 27.32 2020 30.79 38.08 12.61 - Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Pricing & DistributionsPricing History
- NAV at Close of Trading on: 23-Apr-25
- Net Asset Value (NAV): $189.57
- Change ($) (since 22-Apr-25): 4.49
- Change (%) (since 22-Apr-25): 2.43
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Distributions
There are no distributions for this share class or distributions are currently not availablePerformance AttributionPerformance Attribution
GuideAvailable approximately 15 or 25 days after month end
Quarterly AttributionAvailable approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
Calendar YearNo Data Available