INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Aim for above-average durable growth potential, trading at reasonable valuations
America's first mutual fund
Focuses on large-cap, high-quality companies with durable business models, solid balance sheets and strong management teams
Fund Information
- Fund Commencement 07/15/1924
- Net Assets ($ M) As of 09/30/24 $7005.02
- Fiscal Year End DECEMBER
-
Benchmark
Standard & Poor's 500 Stock Index
Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
Share Class Information
- Class Inception 07/15/1924
- Net Asset Value (NAV) As of 11/04/24 $40.03
- Most Recent NAV Change As of 11/04/24 $0.08 | 0.20%
- Fund Number 12
- Maximum Sales Charge 5.75%
-
Gross Expense Ratio
0.71%
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
0.71%
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.
MANAGERS
Effective May 1, 2023, Ted Maloney will no longer be a portfolio manager on the portfolio.
Top 10 Holdings
- Microsoft Corp
- Alphabet Inc Class A
- NVIDIA Corp
- Amazon.com Inc
- Apple Inc
- JPMorgan Chase & Co
- Visa Inc
- ConocoPhillips
- Salesforce Inc
- American Tower Corp REIT
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.
Please see the prospectus for further information on these and other risk considerations.
Jude Jason
Portfolio Manager
Jude M. Jason is an investment officer and equity portfolio manager for the MFS US Core Equity strategy 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. Jude joined MFS in 2012 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously served as a private equity associate with Lightyear Capital for two years and as an investment banking analyst with Citigroup for three years. He began his career in the financial services industry in 2005. Jude earned a Bachelor of Science degree in business administration and finance from Babson College and a Master of Business Administration degree from Harvard Business School.
Alison O'Neill is co--chief investment officer of equity and a portfolio manager at MFS Investment Management® (MFS®). In her role, she partners with the firm's other regional co- CIOs in the research management process and strategy discussions, including by developing investment policies and programs that achieve the investment objectives of MFS and its clients. Alison joined MFS in 2005 as an equity research analyst after completing the firm's MBA summer internship program in 2004. She was named director of research for North America in 2016, assumed her portfolio manager role in 2018 and was named co-CIO in 2020. She has worked in the industry since 2000. Alison earned a Bachelor of Arts degree cum laude from Harvard University and a Master of Business Administration degree from the Massachusetts Institute of Technology.
Performance
Average Annual Total Returns (%)
Important Performance Information
Sales Charges
Class A shares ("A") results include the maximum sales charge.
Annual Rate of Return (%)
As of 12/31/23 | Benchmark: Standard & Poor's 500 Stock Index| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 10.99 | 0.28 | 8.77 | 23.56 | -5.31 | 31.91 | 14.12 | 26.82 | -16.34 | 19.15 |
| With Sales Charge | 4.61 | -5.49 | 2.52 | 16.46 | -10.75 | 24.33 | 7.56 | 19.53 | -21.15 | 12.30 |
| Standard & Poor's 500 Stock Index | 13.69 | 1.38 | 11.96 | 21.83 | -4.38 | 31.49 | 18.40 | 28.71 | -18.11 | 26.29 |
| At NAV | With Sales Charge | Standard & Poor's 500 Stock Index | |
|---|---|---|---|
| 2023 | 19.15 | 12.3 | 26.29 |
| 2022 | -16.34 | -21.15 | -18.11 |
| 2021 | 26.82 | 19.53 | 28.71 |
| 2020 | 14.12 | 7.56 | 18.4 |
| 2019 | 31.91 | 24.33 | 31.49 |
| 2018 | -5.31 | -10.75 | -4.38 |
| 2017 | 23.56 | 16.46 | 21.83 |
| 2016 | 8.77 | 2.52 | 11.96 |
| 2015 | 0.28 | -5.49 | 1.38 |
| 2014 | 10.99 | 4.61 | 13.69 |
Pricing History
- NAV at Close of Trading on: 11/04/24
- Net Asset Value (NAV): $40.03
- Change ($) (since 11/01/24 ): 0.08
- Change (%) (since 11/01/24 ): 0.20
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
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 11/04/24
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 07/30/24 | 07/31/24 | 08/01/24 | Long Term Capital Gain | 0.36619 | 39.31 |
| 07/30/24 | 07/31/24 | 08/01/24 | Dividend | 0.05856 | 39.31 |
| 07/30/24 | 07/31/24 | 08/01/24 | Short Term Capital Gain | 0.01251 | 39.31 |
| 12/20/23 | 12/21/23 | 12/22/23 | Long Term Capital Gain | 3.18250 | 34.10 |
| 12/20/23 | 12/21/23 | 12/22/23 | Dividend | 0.22811 | 34.10 |
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Aim for above-average durable growth potential, trading at reasonable valuations
America's first mutual fund
Focuses on large-cap, high-quality companies with durable business models, solid balance sheets and strong management teams
Fund Information
- Fund Commencement 07/15/1924
- Net Assets ($ M) As of 09/30/24 $7005.02
- Fiscal Year End DECEMBER
-
Benchmark
Standard & Poor's 500 Stock Index
Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
Share Class Information
- Class Inception 07/15/1924
- Net Asset Value (NAV) As of 11/04/24 $40.03
- Most Recent NAV Change As of 11/04/24 $0.08 | 0.20%
- Fund Number 12
- Maximum Sales Charge 5.75%
-
Gross Expense Ratio
0.71%
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
0.71%
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.
MANAGERS
Effective May 1, 2023, Ted Maloney will no longer be a portfolio manager on the portfolio.
Top 10 Holdings
As of 09/30/24- Microsoft Corp
- Alphabet Inc Class A
- NVIDIA Corp
- Amazon.com Inc
- Apple Inc
- JPMorgan Chase & Co
- Visa Inc
- ConocoPhillips
- Salesforce Inc
- American Tower Corp REIT
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.
Please see the prospectus for further information on these and other risk considerations.
Jude Jason
Portfolio Manager
17YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOJude M. Jason is an investment officer and equity portfolio manager for the MFS US Core Equity strategy 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. Jude joined MFS in 2012 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously served as a private equity associate with Lightyear Capital for two years and as an investment banking analyst with Citigroup for three years. He began his career in the financial services industry in 2005. Jude earned a Bachelor of Science degree in business administration and finance from Babson College and a Master of Business Administration degree from Harvard Business School.
Alison O'Neill is co--chief investment officer of equity and a portfolio manager at MFS Investment Management® (MFS®). In her role, she partners with the firm's other regional co- CIOs in the research management process and strategy discussions, including by developing investment policies and programs that achieve the investment objectives of MFS and its clients. Alison joined MFS in 2005 as an equity research analyst after completing the firm's MBA summer internship program in 2004. She was named director of research for North America in 2016, assumed her portfolio manager role in 2018 and was named co-CIO in 2020. She has worked in the industry since 2000. Alison earned a Bachelor of Arts degree cum laude from Harvard University and a Master of Business Administration degree from the Massachusetts Institute of Technology.
-
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 11/03/24 , 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 A shares ("A") results include the maximum sales charge.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/23 | Benchmark: Standard & Poor's 500 Stock Indexannual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV 10.99 0.28 8.77 23.56 -5.31 31.91 14.12 26.82 -16.34 19.15 With Sales Charge 4.61 -5.49 2.52 16.46 -10.75 24.33 7.56 19.53 -21.15 12.30 Standard & Poor's 500 Stock Index 13.69 1.38 11.96 21.83 -4.38 31.49 18.40 28.71 -18.11 26.29 At NAV With Sales Charge Standard & Poor's 500 Stock Index 2023 19.15 12.3 26.29 2022 -16.34 -21.15 -18.11 2021 26.82 19.53 28.71 2020 14.12 7.56 18.4 2019 31.91 24.33 31.49 2018 -5.31 -10.75 -4.38 2017 23.56 16.46 21.83 2016 8.77 2.52 11.96 2015 0.28 -5.49 1.38 2014 10.99 4.61 13.69 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 11/04/24
- Net Asset Value (NAV): $40.03
- Change ($) (since 11/01/24 ): 0.08
- Change (%) (since 11/01/24 ): 0.20
- 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
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 11/04/24
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 07/30/24 07/31/24 08/01/24 Long Term Capital Gain 0.36619 39.31 07/30/24 07/31/24 08/01/24 Dividend 0.05856 39.31 07/30/24 07/31/24 08/01/24 Short Term Capital Gain 0.01251 39.31 12/20/23 12/21/23 12/22/23 Long Term Capital Gain 3.18250 34.10 12/20/23 12/21/23 12/22/23 Dividend 0.22811 34.10 Past performance is no guarantee of future results. Please consult your tax advisor for further information.