| Without Waiver | 1.54 % |
| With Waiver | 1.55 % |
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
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 10/31/24 $59605.27
- Fiscal Year End AUGUST
- Benchmark Russell 1000® Value Index
Share Class Information
- Class Inception 01/02/1997
- Net Asset Value (NAV) As of 11/13/24 $55.41
- Most Recent NAV Change As of 11/13/24 $0.03 | 0.05%
- Fund Number 893
- Maximum Sales Charge --
-
Gross Expense Ratio
0.55%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.54%
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
MANAGERS
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
- JPMorgan Chase & Co
- Progressive Corp
- Cigna Group
- Aon PLC
- Marsh & McLennan Cos Inc
- McKesson Corp
- ConocoPhillips
- American Express Co
- Johnson & Johnson
- Morgan Stanley
Katie Cannan
Portfolio Manager
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
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.
Performance
Average Annual Total Returns (%)
Important Performance Information
Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of Return (%)
As of 12/31/23 | Benchmark: Russell 1000® Value Index| 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 History
- NAV at Close of Trading on: 11/13/24
- Net Asset Value (NAV): $55.41
- Change ($) (since 11/12/24 ): 0.03
- Change (%) (since 11/12/24 ): 0.05
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
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.
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 10/31/24
| Charges | Distribution Rate |
| Not Including Sales Charges | 1.66 |
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 10/31/24
| Wavier | Yield Value |
| Without Waiver | 1.54 |
| With Waiver | 1.55 |
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)
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 11/14/24
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 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 |
| 12/13/23 | 12/14/23 | 12/15/23 | Short Term Capital Gain | 0.01560 | 47.12 |
| 12/13/23 | 12/14/23 | 12/15/23 | Long Term Capital Gain | 3.13988 | 47.12 |
| 12/13/23 | 12/14/23 | 12/15/23 | Dividend | 0.21674 | 47.12 |
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Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
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 10/31/24 $59605.27
- Fiscal Year End AUGUST
- Benchmark Russell 1000® Value Index
Share Class Information
- Class Inception 01/02/1997
- Net Asset Value (NAV) As of 11/13/24 $55.41
- Most Recent NAV Change As of 11/13/24 $0.03 | 0.05%
- Fund Number 893
- Maximum Sales Charge --
-
Gross Expense Ratio
0.55%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.54%
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
MANAGERS
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 10/31/24- JPMorgan Chase & Co
- Progressive Corp
- Cigna Group
- Aon PLC
- Marsh & McLennan Cos Inc
- McKesson Corp
- ConocoPhillips
- American Express Co
- Johnson & Johnson
- Morgan Stanley
Katie Cannan
Portfolio Manager
17YEARS WITH INDUSTRY
5YEARS WITH PORTFOLIOKatie 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
32YEARS WITH INDUSTRY
18YEARS WITH PORTFOLIONevin 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.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 09/30/24 (*YTD Updated Daily, As of 11/13/24 , 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.Important Performance Information
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 ReturnAnnual Rate of Return (%)
As of 12/31/23 | Benchmark: Russell 1000® Value Indexannual 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 & DistributionsPricing History
- NAV at Close of Trading on: 11/13/24
- Net Asset Value (NAV): $55.41
- Change ($) (since 11/12/24 ): 0.03
- Change (%) (since 11/12/24 ): 0.05
- 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.
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 10/31/24
Charges Distribution Rate Not Including Sales Charges 1.66 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 10/31/24
Wavier Yield Value Without Waiver 1.54 With Waiver 1.55 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 11/14/24
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 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 12/13/23 12/14/23 12/15/23 Short Term Capital Gain 0.01560 47.12 12/13/23 12/14/23 12/15/23 Long Term Capital Gain 3.13988 47.12 12/13/23 12/14/23 12/15/23 Dividend 0.21674 47.12 Past performance is no guarantee of future results. Please consult your tax advisor for further information.