Traditional value fund focusing on investing in large-cap, high-quality, attractively valued companies
Keen focus on downside risk management in all market environments.
Utilize long-term investment time horizon and employ a flexible valuation approach, placing a heavy emphasis on cash flow and returns-based methodologies.
Fund Information
Fund Commencement
01/02/1996
Net Assets
($
M)
As of 11/30/24
$61590.45
Fiscal Year End
AUGUST
Benchmark
Russell 1000® Value Index
Share Class Information
Class Inception
01/02/1997
Net Asset Value (NAV)
As of 12/24/24
$49.31
Most Recent NAV Change
As of 12/24/24
$0.37
|
0.76%
Fund Number
893
Maximum Sales Charge
--
Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
0.55%
Net Expense Ratio
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/24
Effective December 31, 2024, Tom Crowley will join the portfolio management team.
Effective May 1, 2026, Nevin Chitkara will retire from MFS.
Top 10 Holdings
As of
11/30/24
JPMorgan Chase & Co
Progressive Corp
Cigna Group
McKesson Corp
Aon PLC
American Express Co
Marsh & McLennan Cos Inc
Morgan Stanley
Lowe's Cos Inc
ConocoPhillips
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Katie Cannan
Portfolio Manager
17
YEARS WITH INDUSTRY
5
YEARS WITH PORTFOLIO
17
YEARS WITH INDUSTRY
5
YEARS WITH PORTFOLIO
Katie Cannan is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). As a member of the firm's US Large Cap Value Equity portfolio management team, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions.
Katie joined MFS in 2013 as an equity research analyst following her participation in the firm's MBA Summer Internship program in 2012. She added portfolio management responsibilities in 2019. She previously spent two years as an associate for Thomas H. Lee Partners and two years as an analyst for Goldman, Sachs & Co. She began her career in the financial services industry in 2007.
Katie earned a Bachelor of Arts degree magna cum laude in economics from Northwestern University and is a member of Phi Beta Kappa. She also earned a Masters of Business Administration degree from Harvard Business School.
Nevin Chitkara
Portfolio Manager
32
YEARS WITH INDUSTRY
19
YEARS WITH PORTFOLIO
32
YEARS WITH INDUSTRY
19
YEARS WITH PORTFOLIO
Nevin Chitkara is an investment officer and an equity portfolio manager at MFS Investment Management® (MFS®). In his role as a manager on several large cap value portfolios, he is responsible for buy and sell decisions, portfolio construction and risk and cash management. Additionally, he participates in the research process and strategy discussions.
Nevin joined MFS in 1997. Prior to being named portfolio manager in 2006, he was an equity research analyst specializing in the industrial, consumer staples, telecommunications, business services and transportation industries. Previously, he served on the corporate audit and business development staffs of General Electric Co.
Nevin earned a Bachelor of Science degree from Boston University, graduating magna cum laude. He also holds a Master of Business Administration degree from the MIT Sloan School of Management. He serves as a Board member of the Wake Forest University School of Business.
These results represent the percent change in net asset value.
Monthly|QuarterlyAs of
09/30/24
(*YTD Updated
Daily,
As of 12/24/24 , subject to revision and not annualized.)
The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.
The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
MORNINGSTAR RATING
Morningstar Overall Rating As of 11/30/24 Class I Shares
Morningstar Large Value
Morningstar ratings are based on risk adjusted performance.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of Return
Annual Rate of Return (%)
As of
12/31/23|Benchmark: Russell 1000® Value Index
annual rate of return table
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
At NAV
10.55
-0.54
14.13
17.76
-9.86
30.05
3.93
25.40
-5.90
8.18
Russell 1000® Value Index
13.45
-3.83
17.34
13.66
-8.27
26.54
2.80
25.16
-7.54
11.46
At NAV
Russell 1000® Value Index
2023
8.18
11.46
2022
-5.9
-7.54
2021
25.4
25.16
2020
3.93
2.8
2019
30.05
26.54
2018
-9.86
-8.27
2017
17.76
13.66
2016
14.13
17.34
2015
-0.54
-3.83
2014
10.55
13.45
Pricing & Distributions
Pricing History
NAV at Close of Trading on:
12/24/24
Net Asset Value (NAV):
$49.31
Change
($) (since
12/23/24
):
0.37
Change (%) (since
12/23/24
):
0.76
Market Price (MP):
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
Enter date for which you wish to obtain a Historical NAV for this fund
Historical NAV may not be available for all dates.
Historical MP Lookup
Enter date for which you wish to obtain a Historical MP for this fund
Historical MP may not be available for all dates.
Historical Exit Price Table
NAV at Close of Trading on
Net Asset Value (NAV)
No Data Available
Distribution Rates (%)
The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day.
As of
11/30/24
Charges
Distribution Rate
Not Including Sales Charges
1.58
30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.
As of
11/30/24
Wavier
Yield Value
Without Waiver
1.47
With Waiver
1.48
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of
12/25/24
Record Date
Ex-Date
Payable Date
Type of Earnings
Rate per Share (US$)
Reinvestment NAV (US$)
12/11/24
12/12/24
12/13/24
Long Term Capital Gain
3.57266
49.82
12/11/24
12/12/24
12/13/24
Short Term Capital Gain
0.05657
49.82
12/11/24
12/12/24
12/13/24
Dividend
0.23022
49.82
09/25/24
09/26/24
09/27/24
Dividend
0.22158
54.00
06/24/24
06/25/24
06/26/24
Dividend
0.23636
50.48
03/25/24
03/26/24
03/27/24
Dividend
0.22071
50.58
Past performance is no guarantee of future results. Please consult your tax advisor for further information.
Portfolio & Holdings Information
Portfolio characteristic data are based on unaudited net assets.
The portfolio is actively managed, and current holdings may be different.
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Map represents sectors greater than 5%.
Holding Characteristics
Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.
Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.
Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.
Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.
Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet.
Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.
Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.
As of
11/30/24
Data table of holding characteristics
characterstics
Equity Earning
Weighted Average Price/Earnings (next 12 months)
18.51x
Weighted Average Price/Cash Flow
15.92x
Weighted Average Price/Sales
1.76x
Weighted Average Price/Book
3.11x
Weighted Average IBES Long Term EPS Growth
10.69%
Weighted Average Market Cap
$161.3b
Weighted Median Market Cap
$114.5b
Number of Issues
70
Active Share
Active share is calculated by taking the absolute value of the difference between each issuer's weighting in the index and its weighting in the portfolio, summing, then dividing by two. The higher the number, the more the weights differ from those of the benchmark.
74.31%
Portfolio Turnover
Turnover Ratio is the percentage of a portfolio's securities that have changed over the course of a year: (lesser of purchases or sales)/average market value.
11.60%
% in Stocks
99.19%
% Cash & Cash Equivalents
0.81%
% in Top Ten
28.80%
Performance Statistics
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
Updated Monthly As of
11/30/24
Benchmark
Russell 1000® Value Index
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
0.80
0.29
-0.66
Beta
0.93
0.91
0.91
R-squared
96.94
97.63
97.20
Standard Deviation %
14.71
17.12
15.41
Sharpe Ratio
0.54
0.46
0.32
Tracking Error
2.79
3.12
2.95
Information Ratio
0.09
-0.18
-0.53
Treynor Ratio
8.46
8.62
5.45
Downside Capture %
93.73
94.45
94.96
Upside Capture %
96.71
94.43
91.60
Top 10 Holdings
As of
11/30/24
JPMorgan Chase & Co
Progressive Corp
Cigna Group
McKesson Corp
Aon PLC
American Express Co
Marsh & McLennan Cos Inc
Morgan Stanley
Lowe's Cos Inc
ConocoPhillips
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
As of
11/30/24
Sector Weights (%)
As of
11/30/24
% Assets
Financials
29.57
Industrials
16.74
Health Care
14.48
Utilities
8.78
Information Technology
7.73
Consumer Staples
7.40
Energy
6.22
Consumer Discretionary
3.60
Materials
2.31
Real Estate
1.93
Communication Services
0.43
Cash & Cash Equivalents
0.81
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
The portfolio is actively managed, and current holdings may be different.
Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
Fees
0.54% Net Expense Ratio
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/24
0.55% Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Maximum Sales Charge
Class I shares are available without a sales charge to eligible investors.
Notice naming Tom Crowley to portfolio management team as well as future retirement of Nevin Chitkara.
MORNINGSTAR RATINGS
The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 11/30/24.
The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Rankings of other share classes may vary. A high relative ranking does not always mean the fund achieved a positive return during the period.
This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available online here or by contacting MFS. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., Member SIPC, 111 Huntington Avenue, Boston, MA 02199.
Traditional value fund focusing on investing in large-cap, high-quality, attractively valued companies
Keen focus on downside risk management in all market environments.
Utilize long-term investment time horizon and employ a flexible valuation approach, placing a heavy emphasis on cash flow and returns-based methodologies.
Fund Information
Fund Commencement
01/02/1996
Net Assets
($
M)
As of 11/30/24
$61590.45
Fiscal Year End
AUGUST
Benchmark
Russell 1000® Value Index
Share Class Information
Class Inception
01/02/1997
Net Asset Value (NAV)
As of 12/24/24
$49.31
Most Recent NAV Change
As of 12/24/24
$0.37
|
0.76%
Fund Number
893
Maximum Sales Charge
--
Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
0.55%
Net Expense Ratio
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/24
Effective December 31, 2024, Tom Crowley will join the portfolio management team.
Effective May 1, 2026, Nevin Chitkara will retire from MFS.
Top 10 Holdings
As of
11/30/24
JPMorgan Chase & Co
Progressive Corp
Cigna Group
McKesson Corp
Aon PLC
American Express Co
Marsh & McLennan Cos Inc
Morgan Stanley
Lowe's Cos Inc
ConocoPhillips
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Katie Cannan
Portfolio Manager
17
YEARS WITH INDUSTRY
5
YEARS WITH PORTFOLIO
17
YEARS WITH INDUSTRY
5
YEARS WITH PORTFOLIO
Katie Cannan is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). As a member of the firm's US Large Cap Value Equity portfolio management team, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions.
Katie joined MFS in 2013 as an equity research analyst following her participation in the firm's MBA Summer Internship program in 2012. She added portfolio management responsibilities in 2019. She previously spent two years as an associate for Thomas H. Lee Partners and two years as an analyst for Goldman, Sachs & Co. She began her career in the financial services industry in 2007.
Katie earned a Bachelor of Arts degree magna cum laude in economics from Northwestern University and is a member of Phi Beta Kappa. She also earned a Masters of Business Administration degree from Harvard Business School.
Nevin Chitkara
Portfolio Manager
32
YEARS WITH INDUSTRY
19
YEARS WITH PORTFOLIO
32
YEARS WITH INDUSTRY
19
YEARS WITH PORTFOLIO
Nevin Chitkara is an investment officer and an equity portfolio manager at MFS Investment Management® (MFS®). In his role as a manager on several large cap value portfolios, he is responsible for buy and sell decisions, portfolio construction and risk and cash management. Additionally, he participates in the research process and strategy discussions.
Nevin joined MFS in 1997. Prior to being named portfolio manager in 2006, he was an equity research analyst specializing in the industrial, consumer staples, telecommunications, business services and transportation industries. Previously, he served on the corporate audit and business development staffs of General Electric Co.
Nevin earned a Bachelor of Science degree from Boston University, graduating magna cum laude. He also holds a Master of Business Administration degree from the MIT Sloan School of Management. He serves as a Board member of the Wake Forest University School of Business.
These results represent the percent change in net asset value.
Monthly|QuarterlyAs of
09/30/24
(*YTD Updated
Daily,
As of 12/24/24 , subject to revision and not annualized.)
The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.
The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
MORNINGSTAR RATING
Morningstar Overall Rating As of 11/30/24 Class I Shares
Morningstar Large Value
Morningstar ratings are based on risk adjusted performance.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of Return
Annual Rate of Return (%)
As of
12/31/23|Benchmark: Russell 1000® Value Index
annual rate of return table
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
At NAV
10.55
-0.54
14.13
17.76
-9.86
30.05
3.93
25.40
-5.90
8.18
Russell 1000® Value Index
13.45
-3.83
17.34
13.66
-8.27
26.54
2.80
25.16
-7.54
11.46
At NAV
Russell 1000® Value Index
2023
8.18
11.46
2022
-5.9
-7.54
2021
25.4
25.16
2020
3.93
2.8
2019
30.05
26.54
2018
-9.86
-8.27
2017
17.76
13.66
2016
14.13
17.34
2015
-0.54
-3.83
2014
10.55
13.45
Pricing & Distributions
Pricing History
NAV at Close of Trading on:
12/24/24
Net Asset Value (NAV):
$49.31
Change
($) (since
12/23/24
):
0.37
Change (%) (since
12/23/24
):
0.76
Market Price (MP):
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
Enter date for which you wish to obtain a Historical NAV for this fund
Historical NAV may not be available for all dates.
Historical MP Lookup
Enter date for which you wish to obtain a Historical MP for this fund
Historical MP may not be available for all dates.
Historical Exit Price Table
NAV at Close of Trading on
Net Asset Value (NAV)
No Data Available
Distribution Rates (%)
The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day.
As of
11/30/24
Charges
Distribution Rate
Not Including Sales Charges
1.58
30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.
As of
11/30/24
Wavier
Yield Value
Without Waiver
1.47
With Waiver
1.48
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of
12/25/24
Record Date
Ex-Date
Payable Date
Type of Earnings
Rate per Share (US$)
Reinvestment NAV (US$)
12/11/24
12/12/24
12/13/24
Long Term Capital Gain
3.57266
49.82
12/11/24
12/12/24
12/13/24
Short Term Capital Gain
0.05657
49.82
12/11/24
12/12/24
12/13/24
Dividend
0.23022
49.82
09/25/24
09/26/24
09/27/24
Dividend
0.22158
54.00
06/24/24
06/25/24
06/26/24
Dividend
0.23636
50.48
03/25/24
03/26/24
03/27/24
Dividend
0.22071
50.58
Past performance is no guarantee of future results. Please consult your tax advisor for further information.
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Map represents sectors greater than 5%.
Holding Characteristics
Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.
Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.
Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.
Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.
Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet.
Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.
Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.
As of
11/30/24
Data table of holding characteristics
characterstics
Equity Earning
Weighted Average Price/Earnings (next 12 months)
18.51x
Weighted Average Price/Cash Flow
15.92x
Weighted Average Price/Sales
1.76x
Weighted Average Price/Book
3.11x
Weighted Average IBES Long Term EPS Growth
10.69%
Weighted Average Market Cap
$161.3b
Weighted Median Market Cap
$114.5b
Number of Issues
70
Active Share
Active share is calculated by taking the absolute value of the difference between each issuer's weighting in the index and its weighting in the portfolio, summing, then dividing by two. The higher the number, the more the weights differ from those of the benchmark.
74.31%
Portfolio Turnover
Turnover Ratio is the percentage of a portfolio's securities that have changed over the course of a year: (lesser of purchases or sales)/average market value.
11.60%
% in Stocks
99.19%
% Cash & Cash Equivalents
0.81%
% in Top Ten
28.80%
Performance Statistics
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
Updated Monthly As of
11/30/24
Benchmark
Russell 1000® Value Index
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
0.80
0.29
-0.66
Beta
0.93
0.91
0.91
R-squared
96.94
97.63
97.20
Standard Deviation %
14.71
17.12
15.41
Sharpe Ratio
0.54
0.46
0.32
Tracking Error
2.79
3.12
2.95
Information Ratio
0.09
-0.18
-0.53
Treynor Ratio
8.46
8.62
5.45
Downside Capture %
93.73
94.45
94.96
Upside Capture %
96.71
94.43
91.60
Top 10 Holdings
As of
11/30/24
JPMorgan Chase & Co
Progressive Corp
Cigna Group
McKesson Corp
Aon PLC
American Express Co
Marsh & McLennan Cos Inc
Morgan Stanley
Lowe's Cos Inc
ConocoPhillips
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
As of
11/30/24
Sector Weights (%)
As of
11/30/24
% Assets
Financials
29.57
Industrials
16.74
Health Care
14.48
Utilities
8.78
Information Technology
7.73
Consumer Staples
7.40
Energy
6.22
Consumer Discretionary
3.60
Materials
2.31
Real Estate
1.93
Communication Services
0.43
Cash & Cash Equivalents
0.81
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
The portfolio is actively managed, and current holdings may be different.
Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/24
0.55% Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Maximum Sales Charge
Class I shares are available without a sales charge to eligible investors.
Notice naming Tom Crowley to portfolio management team as well as future retirement of Nevin Chitkara.
MORNINGSTAR RATINGS
The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 11/30/24.
The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Rankings of other share classes may vary. A high relative ranking does not always mean the fund achieved a positive return during the period.
This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available online here or by contacting MFS. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., Member SIPC, 111 Huntington Avenue, Boston, MA 02199.