INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Integrates fundamental and quantitative research in a disciplined portfolio construction process
Invests in high-quality companies that are trading at favorable valuations with a catalyst that may be rewarded over the long term
Fund Information
- Fund Commencement 11/13/1986
- Net Assets ($ M) As of 03/31/25 $372.52
-
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 11/14/1986
- Net Asset Value (NAV) As of 04/24/25 $59.77
- Most Recent NAV Change As of 04/24/25 $1.29 | 2.21%
- CUSIP 55274F422
-
Gross Expense Ratio
0.44%
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
0.43%
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 04/30/25
MANAGERS
Top 10 Holdings
- Apple Inc
- NVIDIA Corp
- Microsoft Corp
- Amazon.com Inc
- Meta Platforms Inc
- Visa Inc
- AbbVie Inc
- Alphabet Inc Class A
- Johnson & Johnson
- Cigna Group
Important Risk Considerations
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.
Strategy: There is no assurance that the portfolio's predicted tracking error will equal its target predicted tracking error at any point in time or consistently for any period of time, or that the portfolio's predicted tracking error and actual tracking error will be similar. The portfolio's strategy to target a predicted tracking error of approximately 2% compared to the Index and to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: 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, changes from the market factors' historical trends, 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).
Please see the prospectus for further information on these and other risk considerations.
Matt Krummell, CFA
Lead 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.
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.
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.
Performance
Average Annual Total Returns (%)
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, 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 portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Performance information prior to June 22, 2007, reflects time periods when the fund's investments were primarily selected based on fundamental analysis. Beginning June 22, 2007, the fund's investments are based on fundamental and quantitative analysis.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return (%)
As of 12/31/24 | Benchmark: Standard & Poor's 500 Stock Index| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 1.13 | 8.45 | 20.76 | -7.74 | 29.17 | 15.34 | 29.53 | -16.00 | 28.53 | 25.50 |
| 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 | 25.5 | 25.02 |
| 2023 | 28.53 | 26.29 |
| 2022 | -16.0 | -18.11 |
| 2021 | 29.53 | 28.71 |
| 2020 | 15.34 | 18.4 |
| 2019 | 29.17 | 31.49 |
| 2018 | -7.74 | -4.38 |
| 2017 | 20.76 | 21.83 |
| 2016 | 8.45 | 11.96 |
| 2015 | 1.13 | 1.38 |
Pricing History
- NAV at Close of Trading on: 04/24/25
- Net Asset Value (NAV): $59.77
- Change ($) (since 04/23/25 ): 1.29
- Change (%) (since 04/23/25 ): 2.21
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Integrates fundamental and quantitative research in a disciplined portfolio construction process
Invests in high-quality companies that are trading at favorable valuations with a catalyst that may be rewarded over the long term
Fund Information
- Fund Commencement 11/13/1986
- Net Assets ($ M) As of 03/31/25 $372.52
-
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 11/14/1986
- Net Asset Value (NAV) As of 04/24/25 $59.77
- Most Recent NAV Change As of 04/24/25 $1.29 | 2.21%
- CUSIP 55274F422
-
Gross Expense Ratio
0.44%
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
0.43%
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 04/30/25
MANAGERS
Top 10 Holdings
As of 03/31/25- Apple Inc
- NVIDIA Corp
- Microsoft Corp
- Amazon.com Inc
- Meta Platforms Inc
- Visa Inc
- AbbVie Inc
- Alphabet Inc Class A
- Johnson & Johnson
- Cigna Group
Important Risk Considerations
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.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.
Strategy: There is no assurance that the portfolio's predicted tracking error will equal its target predicted tracking error at any point in time or consistently for any period of time, or that the portfolio's predicted tracking error and actual tracking error will be similar. The portfolio's strategy to target a predicted tracking error of approximately 2% compared to the Index and to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: 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, changes from the market factors' historical trends, 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).
Please see the prospectus for further information on these and other risk considerations.
Matt Krummell, CFA
Lead Portfolio Manager
32YEARS WITH INDUSTRY
18YEARS 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.
Jim Fallon
Portfolio Manager
26YEARS WITH INDUSTRY
10YEARS 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.
Jonathan Sage, CFA
Portfolio Manager
29YEARS WITH INDUSTRY
10YEARS 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
10YEARS 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.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 03/31/25 (*YTD Updated Daily, As of 04/24/25 , subject to revision and not annualized.)Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, 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 portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Performance information prior to June 22, 2007, reflects time periods when the fund's investments were primarily selected based on fundamental analysis. Beginning June 22, 2007, the fund's investments are based on fundamental and quantitative analysis.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24 | Benchmark: Standard & Poor's 500 Stock Indexannual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 1.13 8.45 20.76 -7.74 29.17 15.34 29.53 -16.00 28.53 25.50 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 25.5 25.02 2023 28.53 26.29 2022 -16.0 -18.11 2021 29.53 28.71 2020 15.34 18.4 2019 29.17 31.49 2018 -7.74 -4.38 2017 20.76 21.83 2016 8.45 11.96 2015 1.13 1.38 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 04/24/25
- Net Asset Value (NAV): $59.77
- Change ($) (since 04/23/25 ): 1.29
- Change (%) (since 04/23/25 ): 2.21
- 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.