INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Mid-cap Growth portfolio that seeks companies that have the potential to generate steady, above generate consistent, above average rate and duration of growth we believe is underappreciated by the market
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
Fund Information
- Fund Commencement 12/01/1993
- Net Assets ($ M) As of 11/30/24 $16071.63
- Fiscal Year End AUGUST
-
Benchmark
Russell Midcap Growth Index measures U.S. mid-cap growth stocks.Russell Midcap® Growth Index
Share Class Information
- Class Inception 12/01/1993
- Net Asset Value (NAV) As of 12/27/24 $28.88
- Most Recent NAV Change As of 12/27/24 $0.30 | 1.03%
- Fund Number 83
- Maximum Sales Charge 5.75%
-
Gross Expense Ratio
1.04%
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
1.03%
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 12/31/25
MANAGERS
Top 10 Holdings
- Howmet Aerospace Inc
- Spotify Technology SA
- Guidewire Software Inc
- Take-Two Interactive Software Inc
- Verisk Analytics Inc
- Tyler Technologies Inc
- Gartner Inc
- Westinghouse Air Brake Technologies Corp
- Arthur J Gallagher & Co
- MSCI Inc
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.
International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.
Mid-cap: Investments in mid-cap companies can be more volatile than investments in larger companies.
Growth: Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Eric Braz, CFA
Portfolio Manager
Eric J. Braz, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management team of the MFS® Global Small-Mid Cap and MFS® US Mid Cap Growth strategies, 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. Eric joined MFS in 2007 as an equity research analyst following his participation in the firm's Summer MBA Internship program in 2006. He assumed his portfolio management responsibilities in 2020. Before joining the firm, he served as a consultant for Bates White, LLC, working in the firm's corporate finance and environmental and product liabilities practices for three years in Washington, D.C. Eric earned a Bachelor of Science degree from Pennsylvania State University and a Master of Business Administration degree from the University of Chicago Booth School of Business, where he was a Robert Toigo Foundation Fellow. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
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.
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: Russell Midcap® Growth Index| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 8.61 | 4.21 | 4.33 | 25.99 | 0.85 | 37.43 | 35.33 | 13.74 | -28.53 | 21.00 |
| With Sales Charge | 2.36 | -1.78 | -1.67 | 18.75 | -4.95 | 29.52 | 27.55 | 7.20 | -32.64 | 14.04 |
| Russell Midcap® Growth Index | 11.90 | -0.20 | 7.33 | 25.27 | -4.75 | 35.47 | 35.59 | 12.73 | -26.72 | 25.87 |
| At NAV | With Sales Charge | Russell Midcap® Growth Index | |
|---|---|---|---|
| 2023 | 21.0 | 14.04 | 25.87 |
| 2022 | -28.53 | -32.64 | -26.72 |
| 2021 | 13.74 | 7.2 | 12.73 |
| 2020 | 35.33 | 27.55 | 35.59 |
| 2019 | 37.43 | 29.52 | 35.47 |
| 2018 | 0.85 | -4.95 | -4.75 |
| 2017 | 25.99 | 18.75 | 25.27 |
| 2016 | 4.33 | -1.67 | 7.33 |
| 2015 | 4.21 | -1.78 | -0.2 |
| 2014 | 8.61 | 2.36 | 11.9 |
Pricing History
- NAV at Close of Trading on: 12/27/24
- Net Asset Value (NAV): $28.88
- Change ($) (since 12/26/24 ): 0.30
- Change (%) (since 12/26/24 ): 1.03
- 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 12/28/24
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/09/24 | 12/10/24 | 12/11/24 | Long Term Capital Gain | 2.21958 | 29.76 |
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Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Mid-cap Growth portfolio that seeks companies that have the potential to generate steady, above generate consistent, above average rate and duration of growth we believe is underappreciated by the market
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
Fund Information
- Fund Commencement 12/01/1993
- Net Assets ($ M) As of 11/30/24 $16071.63
- Fiscal Year End AUGUST
-
Benchmark
Russell Midcap Growth Index measures U.S. mid-cap growth stocks.Russell Midcap® Growth Index
Share Class Information
- Class Inception 12/01/1993
- Net Asset Value (NAV) As of 12/27/24 $28.88
- Most Recent NAV Change As of 12/27/24 $0.30 | 1.03%
- Fund Number 83
- Maximum Sales Charge 5.75%
-
Gross Expense Ratio
1.04%
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
1.03%
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 12/31/25
MANAGERS
Top 10 Holdings
As of 11/30/24- Howmet Aerospace Inc
- Spotify Technology SA
- Guidewire Software Inc
- Take-Two Interactive Software Inc
- Verisk Analytics Inc
- Tyler Technologies Inc
- Gartner Inc
- Westinghouse Air Brake Technologies Corp
- Arthur J Gallagher & Co
- MSCI Inc
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.
International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.
Mid-cap: Investments in mid-cap companies can be more volatile than investments in larger companies.
Growth: Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Eric Braz, CFA
Portfolio Manager
21YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOEric J. Braz, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management team of the MFS® Global Small-Mid Cap and MFS® US Mid Cap Growth strategies, 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. Eric joined MFS in 2007 as an equity research analyst following his participation in the firm's Summer MBA Internship program in 2006. He assumed his portfolio management responsibilities in 2020. Before joining the firm, he served as a consultant for Bates White, LLC, working in the firm's corporate finance and environmental and product liabilities practices for three years in Washington, D.C. Eric earned a Bachelor of Science degree from Pennsylvania State University and a Master of Business Administration degree from the University of Chicago Booth School of Business, where he was a Robert Toigo Foundation Fellow. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Eric Fischman, CFA
Portfolio Manager
34YEARS WITH INDUSTRY
16YEARS 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.
-
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 12/27/24 , 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: Russell Midcap® Growth Indexannual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV 8.61 4.21 4.33 25.99 0.85 37.43 35.33 13.74 -28.53 21.00 With Sales Charge 2.36 -1.78 -1.67 18.75 -4.95 29.52 27.55 7.20 -32.64 14.04 Russell Midcap® Growth Index 11.90 -0.20 7.33 25.27 -4.75 35.47 35.59 12.73 -26.72 25.87 At NAV With Sales Charge Russell Midcap® Growth Index 2023 21.0 14.04 25.87 2022 -28.53 -32.64 -26.72 2021 13.74 7.2 12.73 2020 35.33 27.55 35.59 2019 37.43 29.52 35.47 2018 0.85 -4.95 -4.75 2017 25.99 18.75 25.27 2016 4.33 -1.67 7.33 2015 4.21 -1.78 -0.2 2014 8.61 2.36 11.9 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 12/27/24
- Net Asset Value (NAV): $28.88
- Change ($) (since 12/26/24 ): 0.30
- Change (%) (since 12/26/24 ): 1.03
- 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 12/28/24
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/09/24 12/10/24 12/11/24 Long Term Capital Gain 2.21958 29.76 Past performance is no guarantee of future results. Please consult your tax advisor for further information.