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 04/28/2000
- Net Assets ($ M) As of 03/31/25 $326.22
-
Benchmark
Russell Midcap Growth Index measures U.S. mid-cap growth stocks.Russell Midcap® Growth Index
Share Class Information
- Class Inception 04/28/2000
- Net Asset Value (NAV) As of 04/24/25 $8.71
- Most Recent NAV Change As of 04/24/25 $0.19 | 2.23%
- CUSIP 55273F670
-
Gross Expense Ratio
0.81%
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
0.80%
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
- Howmet Aerospace Inc
- Spotify Technology SA
- Take-Two Interactive Software Inc
- Guidewire Software Inc
- Verisk Analytics Inc
- Tyler Technologies Inc
- Arthur J Gallagher & Co
- LPL Financial Holdings Inc
- Westinghouse Air Brake Technologies Corp
- Cheniere Energy Inc
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.
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 (%)
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 series' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the series 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.
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: Russell Midcap® Growth Index| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 4.61 | 4.91 | 27.00 | 1.24 | 38.66 | 36.48 | 14.11 | -28.70 | 21.32 | 14.72 |
| Russell Midcap® Growth Index | -0.20 | 7.33 | 25.27 | -4.75 | 35.47 | 35.59 | 12.73 | -26.72 | 25.87 | 22.10 |
| At NAV | Russell Midcap® Growth Index | |
|---|---|---|
| 2024 | 14.72 | 22.1 |
| 2023 | 21.32 | 25.87 |
| 2022 | -28.7 | -26.72 |
| 2021 | 14.11 | 12.73 |
| 2020 | 36.48 | 35.59 |
| 2019 | 38.66 | 35.47 |
| 2018 | 1.24 | -4.75 |
| 2017 | 27.0 | 25.27 |
| 2016 | 4.91 | 7.33 |
| 2015 | 4.61 | -0.2 |
Pricing History
- NAV at Close of Trading on: 04/24/25
- Net Asset Value (NAV): $8.71
- Change ($) (since 04/23/25 ): 0.19
- Change (%) (since 04/23/25 ): 2.23
- 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
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 04/28/2000
- Net Assets ($ M) As of 03/31/25 $326.22
-
Benchmark
Russell Midcap Growth Index measures U.S. mid-cap growth stocks.Russell Midcap® Growth Index
Share Class Information
- Class Inception 04/28/2000
- Net Asset Value (NAV) As of 04/24/25 $8.71
- Most Recent NAV Change As of 04/24/25 $0.19 | 2.23%
- CUSIP 55273F670
-
Gross Expense Ratio
0.81%
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
0.80%
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- Howmet Aerospace Inc
- Spotify Technology SA
- Take-Two Interactive Software Inc
- Guidewire Software Inc
- Verisk Analytics Inc
- Tyler Technologies Inc
- Arthur J Gallagher & Co
- LPL Financial Holdings Inc
- Westinghouse Air Brake Technologies Corp
- Cheniere Energy Inc
Important Risk Considerations
The series may not achieve its objective and/or you could lose money on your investment in the series.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
4YEARS 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 03/31/25 (*YTD Updated Daily, As of 04/23/25 , 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 series' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the series 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.
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: Russell Midcap® Growth Indexannual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 4.61 4.91 27.00 1.24 38.66 36.48 14.11 -28.70 21.32 14.72 Russell Midcap® Growth Index -0.20 7.33 25.27 -4.75 35.47 35.59 12.73 -26.72 25.87 22.10 At NAV Russell Midcap® Growth Index 2024 14.72 22.1 2023 21.32 25.87 2022 -28.7 -26.72 2021 14.11 12.73 2020 36.48 35.59 2019 38.66 35.47 2018 1.24 -4.75 2017 27.0 25.27 2016 4.91 7.33 2015 4.61 -0.2 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 04/24/25
- Net Asset Value (NAV): $8.71
- Change ($) (since 04/23/25 ): 0.19
- Change (%) (since 04/23/25 ): 2.23
- 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.