INVESTMENT OBJECTIVE
Seeks total return through a combination of current income and capital appreciation.
INVESTMENT FOCUS
Aims to invest in above-average quality companies that are trading at favorable valuations with an investment catalyst
Blends fundamental and quantitative research in a disciplined portfolio construction process
Focuses on companies that we believe have high relative dividend yields and/or long-term capital appreciation potential
Strategy Information
- Strategy Commencement 10/01/2012
-
Benchmark
Standard & Poor's 500 Stock Index
Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
MANAGERS
Top 10 Holdings
- Wells Fargo & Co
- Kimberly-Clark Corp
- Popular Inc
- NextEra Energy Inc
- AbbVie Inc
- Pfizer Inc
- Cigna Group
- Ameriprise Financial Inc
- Corebridge Financial Inc
- Masco Corp
Important Risk Considerations
MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
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, and other conditions.
Jim Fallon
Portfolio Manager
James C. Fallon is an investment officer and a quantitative portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for buying and selling decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions. James joined MFS in 1999 as a securities lending administrator. He worked as an equity research associate, an equity quantitative research analyst and an equity portfolio manager at the firm before taking on his current role. Prior to joining MFS, he served as mutual fund custody accountant for Investors Bank & Trust. James earned a bachelor's degree from the University of New Hampshire and a Master of Business Administration degree from Boston University. In 2023, James graduated Summa Cum Laude with a Bachelor of Arts degree from the Berklee College of Music. In addition, he is actively involved in the MFS music affinity resources group, which he helped found to support community causes and affinity groups.
Matt Krummell, CFA
Portfolio Manager
Matthew W. Krummell, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Matt has managed Blended Research equity strategies since joining MFS in 2001 as a quantitative research analyst. He previously served as an analyst at Pioneer Investments for three years and for two years as an assistant vice president at Putnam Investments, where he was responsible for developing quantitative equity models. Before that, he was an associate at Mellon Capital Management for three years. He began his career in the financial services industry in 1991. Matt earned a Bachelor of Arts degree in economics from the University of California and a Master of Business Administration degree in finance and statistics from the University of Chicago. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Jonathan Sage, CFA
Portfolio Manager
Jonathan W. Sage, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jonathan joined MFS in 2000 as a quantitative equity research analyst and assumed his current role in 2005. He began his career in the financial services industry in 1995. Jonathan earned a bachelor's degree from Tufts University and a Master of Business Administration degree and Master of Science degree in finance from Boston College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
Jed Stocks, CFA
Portfolio Manager
Jed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015. Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
George Fontaine, CFA, M2SD
Institutional Portfolio Manager
George Fontaine, CFA, M2SD, is an investment officer and a quantitative institutional portfolio manager (IPM) at MFS Investment Management® (MFS®). In his role supporting the firm's Blended Research strategies, he participates in the research process and strategy discussions, assesses portfolio risk, and customizes portfolios to client objectives and guidelines. He meets regularly with clients to communicate investment policy, strategy and portfolio positioning. He also produces research and insight pieces based on knowledge gained by accessing the MFS global investment platform. George joined the firm in 2017 as an analyst within the Investment Solutions Group (ISG) where he focused on equity markets. He went on to become a senior analyst on the team, before moving to the investment team as a senior equity IPM associate. Prior to joining the firm, he worked for a year as a portfolio analyst at Natixis Global Asset Management, three years in various roles at GMO LLC, including as an investment analyst, and two years as a financial analyst at State Street Corporation. George earned a Bachelor of Science degree in both economics and psychology from Union College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society Boston. George is also a Macro Specialist Designation charterholder (M2SD) and is a member of The Macro Institute.
Jeffrey Morrison, CFA
Institutional Portfolio Manager
Jeffrey D. Morrison, CFA, is an investment officer and institutional portfolio manager at MFS Investment Management (MFS). In his role supporting the firm's Blended Research strategies, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He also communicates investment policy, strategy and positioning.
Jeff joined MFS in 2006 as an institutional portfolio manager and was named portfolio manager in 2011. He managed several Canadian equity strategies for the firm from 2012 to 2017. He took on his current responsibilities as an institutional portfolio manager for the firm's Blended Research portfolios in January 2017. Before joining MFS, he served for eight years as a portfolio manager at Franklin Templeton Investments, including two years at Bissett Investment Management, where he was a voting member of the Investment Policy Committee and a member of the Senior Management Committee. He served as lead manager on various US and global equity mandates at Bissett/Franklin Templeton. Prior to that, he worked for six years as a US equity analyst and portfolio manager for Mulvihill Capital Management as well as working for two years as a capital markets analyst and one year as a bond and money market trader for CT Investment Counsel (CTIC).
Jeff earned a Bachelor of Business Management degree from Ryerson University (formerly Ryerson Polytechnical Institute) and holds the Chartered Financial Analyst (CFA) designation.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Performance
Average Annual Total Returns (%)
Important Performance Information
Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.
This SMA strategy is implemented through a wrap sponsor program for retail investors. Prior to 1/1/2022 no portfolios were managed under this strategy. Performance shown includes that of a separate but substantially similar strategy with certain differences in implementation designed for institutional clients investing directly with MFS.
Total gross of fee returns include both capital appreciation and reinvestment of income but exclude custody fees.
It is not possible to invest directly in an index. Index performance will differ from our actively managed strategies, which may involve a higher degree of risk.
Performance reflects that of a fully discretionary composite; individual portfolio results will vary.
Annual Rate of Return (%)
Benchmark: Standard & Poor's 500 Stock Index| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross of Fees | -0.01 | 11.48 | 20.80 | -6.93 | 26.55 | 9.28 | 27.08 | -5.43 | 16.00 | 14.62 |
| Net of Fees | -2.97 | 8.20 | 17.28 | -9.70 | 22.88 | 6.06 | 23.39 | -8.25 | 12.61 | 11.26 |
| Standard & Poor's 500 Stock Index | 1.38 | 11.96 | 21.83 | -4.38 | 31.49 | 18.40 | 28.71 | -18.11 | 26.29 | 25.02 |
| at NAV | Standard & Poor's 500 Stock Index | |
|---|---|---|
| 2024 | 14.62 | 25.02 |
| 2023 | 16.0 | 26.29 |
| 2022 | -5.43 | -18.11 |
| 2021 | 27.08 | 28.71 |
| 2020 | 9.28 | 18.4 |
| 2019 | 26.55 | 31.49 |
| 2018 | -6.93 | -4.38 |
| 2017 | 20.8 | 21.83 |
| 2016 | 11.48 | 11.96 |
| 2015 | -0.01 | 1.38 |
Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.
-
Overview
INVESTMENT OBJECTIVE
Seeks total return through a combination of current income and capital appreciation.
INVESTMENT FOCUS
Aims to invest in above-average quality companies that are trading at favorable valuations with an investment catalyst
Blends fundamental and quantitative research in a disciplined portfolio construction process
Focuses on companies that we believe have high relative dividend yields and/or long-term capital appreciation potential
Strategy Information
- Strategy Commencement 10/01/2012
-
Benchmark
Standard & Poor's 500 Stock Index
Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
MANAGERS
Top 10 Holdings
As of 03/31/25- Wells Fargo & Co
- Kimberly-Clark Corp
- Popular Inc
- NextEra Energy Inc
- AbbVie Inc
- Pfizer Inc
- Cigna Group
- Ameriprise Financial Inc
- Corebridge Financial Inc
- Masco Corp
Important Risk Considerations
MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
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, and other conditions.
Jim Fallon
Portfolio Manager
26YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOJames C. Fallon is an investment officer and a quantitative portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for buying and selling decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions. James joined MFS in 1999 as a securities lending administrator. He worked as an equity research associate, an equity quantitative research analyst and an equity portfolio manager at the firm before taking on his current role. Prior to joining MFS, he served as mutual fund custody accountant for Investors Bank & Trust. James earned a bachelor's degree from the University of New Hampshire and a Master of Business Administration degree from Boston University. In 2023, James graduated Summa Cum Laude with a Bachelor of Arts degree from the Berklee College of Music. In addition, he is actively involved in the MFS music affinity resources group, which he helped found to support community causes and affinity groups.
Matt Krummell, CFA
Portfolio Manager
32YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOMatthew W. Krummell, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Matt has managed Blended Research equity strategies since joining MFS in 2001 as a quantitative research analyst. He previously served as an analyst at Pioneer Investments for three years and for two years as an assistant vice president at Putnam Investments, where he was responsible for developing quantitative equity models. Before that, he was an associate at Mellon Capital Management for three years. He began his career in the financial services industry in 1991. Matt earned a Bachelor of Arts degree in economics from the University of California and a Master of Business Administration degree in finance and statistics from the University of Chicago. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Jonathan Sage, CFA
Portfolio Manager
29YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOJonathan W. Sage, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jonathan joined MFS in 2000 as a quantitative equity research analyst and assumed his current role in 2005. He began his career in the financial services industry in 1995. Jonathan earned a bachelor's degree from Tufts University and a Master of Business Administration degree and Master of Science degree in finance from Boston College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
Jed Stocks, CFA
Portfolio Manager
26YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOJed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015. Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
George Fontaine, CFA, M2SD
Institutional Portfolio Manager
14YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOGeorge Fontaine, CFA, M2SD, is an investment officer and a quantitative institutional portfolio manager (IPM) at MFS Investment Management® (MFS®). In his role supporting the firm's Blended Research strategies, he participates in the research process and strategy discussions, assesses portfolio risk, and customizes portfolios to client objectives and guidelines. He meets regularly with clients to communicate investment policy, strategy and portfolio positioning. He also produces research and insight pieces based on knowledge gained by accessing the MFS global investment platform. George joined the firm in 2017 as an analyst within the Investment Solutions Group (ISG) where he focused on equity markets. He went on to become a senior analyst on the team, before moving to the investment team as a senior equity IPM associate. Prior to joining the firm, he worked for a year as a portfolio analyst at Natixis Global Asset Management, three years in various roles at GMO LLC, including as an investment analyst, and two years as a financial analyst at State Street Corporation. George earned a Bachelor of Science degree in both economics and psychology from Union College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society Boston. George is also a Macro Specialist Designation charterholder (M2SD) and is a member of The Macro Institute.
Jeffrey Morrison, CFA
Institutional Portfolio Manager
37YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOJeffrey D. Morrison, CFA, is an investment officer and institutional portfolio manager at MFS Investment Management (MFS). In his role supporting the firm's Blended Research strategies, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He also communicates investment policy, strategy and positioning.
Jeff joined MFS in 2006 as an institutional portfolio manager and was named portfolio manager in 2011. He managed several Canadian equity strategies for the firm from 2012 to 2017. He took on his current responsibilities as an institutional portfolio manager for the firm's Blended Research portfolios in January 2017. Before joining MFS, he served for eight years as a portfolio manager at Franklin Templeton Investments, including two years at Bissett Investment Management, where he was a voting member of the Investment Policy Committee and a member of the Senior Management Committee. He served as lead manager on various US and global equity mandates at Bissett/Franklin Templeton. Prior to that, he worked for six years as a US equity analyst and portfolio manager for Mulvihill Capital Management as well as working for two years as a capital markets analyst and one year as a bond and money market trader for CT Investment Counsel (CTIC).
Jeff earned a Bachelor of Business Management degree from Ryerson University (formerly Ryerson Polytechnical Institute) and holds the Chartered Financial Analyst (CFA) designation.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management. -
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
Monthly | Quarterly As of 03/31/25 (*YTD Updated Monthly, As of 03/31/25 , subject to revision and not annualized.)Important Performance Information
Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.
This SMA strategy is implemented through a wrap sponsor program for retail investors. Prior to 1/1/2022 no portfolios were managed under this strategy. Performance shown includes that of a separate but substantially similar strategy with certain differences in implementation designed for institutional clients investing directly with MFS.
Total gross of fee returns include both capital appreciation and reinvestment of income but exclude custody fees.
It is not possible to invest directly in an index. Index performance will differ from our actively managed strategies, which may involve a higher degree of risk.
Performance reflects that of a fully discretionary composite; individual portfolio results will vary.
Annual Rate of ReturnAnnual Rate of Return (%)
Benchmark: Standard & Poor's 500 Stock Indexannual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Gross of Fees -0.01 11.48 20.80 -6.93 26.55 9.28 27.08 -5.43 16.00 14.62 Net of Fees -2.97 8.20 17.28 -9.70 22.88 6.06 23.39 -8.25 12.61 11.26 Standard & Poor's 500 Stock Index 1.38 11.96 21.83 -4.38 31.49 18.40 28.71 -18.11 26.29 25.02 at NAV Standard & Poor's 500 Stock Index 2024 14.62 25.02 2023 16.0 26.29 2022 -5.43 -18.11 2021 27.08 28.71 2020 9.28 18.4 2019 26.55 31.49 2018 -6.93 -4.38 2017 20.8 21.83 2016 11.48 11.96 2015 -0.01 1.38 Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.