INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Keen focus on downside risk management in all market environments
Traditional value fund focusing on investing in large-cap, high quality, attractively valued companies
Utilize long-term investment time horizon and employ a flexible valuation approach, placing a heavy emphasis on cash flow and returns-based methodologies
Fund Information
- Fund Commencement 12/05/2024
- Net Assets ($ M) As of 12/11/24 $25.00
- Fiscal Year End FEBRUARY
-
Benchmark
Russell 1000 Value Index measures large-cap US. value stocks.Russell 1000® Value Index
- Net Asset Value (NAV) As of 12/11/24 $24.39
- Most Recent NAV Change As of 12/11/24 $0.10 | 0.40%
- Market Price (MP) As of 12/11/24 $24.40
- Most Recent Market Price Change As of 12/11/24 $0.08 | 0.34%
-
Premium / Discount
As of 12/11/24
0.01%
Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).
-
30 Day Median Bid / Ask Spread
--
The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.
-
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.
- Exchange NYSE
MANAGERS
Top 10 Holdings
No data currently available
Important Risk Considerations
Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.
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.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Katie Cannan
Portfolio Manager
Katie Cannan is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). As a member of the firm's US Large Cap Value Equity portfolio management team, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions. Katie joined MFS in 2013 as an equity research analyst following her participation in the firm's MBA Summer Internship program in 2012. She added portfolio management responsibilities in 2019. She previously spent two years as an associate for Thomas H. Lee Partners and two years as an analyst for Goldman, Sachs & Co. She began her career in the financial services industry in 2007. Katie earned a Bachelor of Arts degree magna cum laude in economics from Northwestern University and is a member of Phi Beta Kappa. She also earned a Masters of Business Administration degree from Harvard Business School.
Nevin Chitkara
Portfolio Manager
Nevin Chitkara is an investment officer and an equity portfolio manager at MFS Investment Management® (MFS®). In his role as a manager on several large cap value portfolios, he is responsible for buy and sell decisions, portfolio construction and risk and cash management. Additionally, he participates in the research process and strategy discussions. Nevin joined MFS in 1997. Prior to being named portfolio manager in 2006, he was an equity research analyst specializing in the industrial, consumer staples, telecommunications, business services and transportation industries. Previously, he served on the corporate audit and business development staffs of General Electric Co. Nevin earned a Bachelor of Science degree from Boston University, graduating magna cum laude. He also holds a Master of Business Administration degree from the MIT Sloan School of Management. He serves as a Board member of the Wake Forest University School of Business.
Thomas Crowley, CFA
Portfolio Manager
Thomas P. Crowley, CFA, is an investment officer and an equity research analyst at MFS Investment Management ® (MFS®). He serves as the team leader for the firm's Capital Goods sector research team and is a member of the Consumer Staples team. Thomas joined MFS in 2007. Previously, he was a research analyst in the consumer discretionary and staples sector teams at Putnam Investments for seven years. He received a Bachelor of Arts degree from The College of the Holy Cross and an MBA from Dartmouth College, Tuck School of Business. Thomas also holds the Chartered Financial Analyst (CFA) designation from the CFA Institute and is an affiliate of the Boston Security Analyst's Society.
Kate Mead, CFA
Institutional Portfolio Manager
Kate Mead, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In this role, she participates in the research process and in strategy discussions, communicates investment policy, strategy and positioning, customizes portfolios to client objectives and guidelines and manages daily cash flows. In addition, Kate is a member of the firm's IPM Global Leadership team, which includes oversight of the North American Equity IPM team. Kate joined MFS in 1997 as an equity research analyst specializing in global auto and auto parts, medical devices, telecom and networking, and US regional banks. She assumed her current role in 2002. Prior to joining the firm, she spent two years as a financial analyst for Coopers & Lybrand. Kate earned a Bachelor of Science degree in finance from Villanova University, graduating magna cum laude, and a Master of Business Administration degree from the Wharton School of the University of Pennsylvania. She holds the Chartered Financial Analyst certification and is a member of the Boston Security Analysts Society.
Performance
Average Annual Total Returns (%)
Market price returns are calculated using the closing price reported by the exchange.
Market price returns are calculated using the closing price reported by the exchange.
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 assume the reinvestment of dividends and capital gains.
Annual Rate of Return (%)
Market price returns are calculated using the closing price reported by the exchange.
Market price returns are calculated using the closing price reported by the exchange.
No data currently available
Premium / Discount (%)
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
Number of Days at a Premium / Discount
Pricing History
- NAV at Close of Trading on: 12/11/24
- Net Asset Value (NAV): $24.39
- MP at Close of Trading on: 12/11/24
- Market Price (MP): $24.40
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
| MP at Close of Trading on | Market Price (MP) |
|---|
30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.
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Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Keen focus on downside risk management in all market environments
Traditional value fund focusing on investing in large-cap, high quality, attractively valued companies
Utilize long-term investment time horizon and employ a flexible valuation approach, placing a heavy emphasis on cash flow and returns-based methodologies
Fund Information
- Fund Commencement 12/05/2024
- Net Assets ($ M) As of 12/11/24 $25.00
- Fiscal Year End FEBRUARY
-
Benchmark
Russell 1000 Value Index measures large-cap US. value stocks.Russell 1000® Value Index
- Net Asset Value (NAV) As of 12/11/24 $24.39
- Most Recent NAV Change As of 12/11/24 $0.10 | 0.40%
- Market Price (MP) As of 12/11/24 $24.40
- Most Recent Market Price Change As of 12/11/24 $0.08 | 0.34%
-
Premium / Discount
As of 12/11/24
0.01%
Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).
-
30 Day Median Bid / Ask Spread
--
The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.
-
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.
- Exchange NYSE
MANAGERS
Top 10 Holdings
No data currently available
Important Risk Considerations
Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.
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.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Katie Cannan
Portfolio Manager
17YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOKatie Cannan is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). As a member of the firm's US Large Cap Value Equity portfolio management team, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions. Katie joined MFS in 2013 as an equity research analyst following her participation in the firm's MBA Summer Internship program in 2012. She added portfolio management responsibilities in 2019. She previously spent two years as an associate for Thomas H. Lee Partners and two years as an analyst for Goldman, Sachs & Co. She began her career in the financial services industry in 2007. Katie earned a Bachelor of Arts degree magna cum laude in economics from Northwestern University and is a member of Phi Beta Kappa. She also earned a Masters of Business Administration degree from Harvard Business School.
Nevin Chitkara
Portfolio Manager
32YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIONevin Chitkara is an investment officer and an equity portfolio manager at MFS Investment Management® (MFS®). In his role as a manager on several large cap value portfolios, he is responsible for buy and sell decisions, portfolio construction and risk and cash management. Additionally, he participates in the research process and strategy discussions. Nevin joined MFS in 1997. Prior to being named portfolio manager in 2006, he was an equity research analyst specializing in the industrial, consumer staples, telecommunications, business services and transportation industries. Previously, he served on the corporate audit and business development staffs of General Electric Co. Nevin earned a Bachelor of Science degree from Boston University, graduating magna cum laude. He also holds a Master of Business Administration degree from the MIT Sloan School of Management. He serves as a Board member of the Wake Forest University School of Business.
Thomas Crowley, CFA
Portfolio Manager
26YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOThomas P. Crowley, CFA, is an investment officer and an equity research analyst at MFS Investment Management ® (MFS®). He serves as the team leader for the firm's Capital Goods sector research team and is a member of the Consumer Staples team. Thomas joined MFS in 2007. Previously, he was a research analyst in the consumer discretionary and staples sector teams at Putnam Investments for seven years. He received a Bachelor of Arts degree from The College of the Holy Cross and an MBA from Dartmouth College, Tuck School of Business. Thomas also holds the Chartered Financial Analyst (CFA) designation from the CFA Institute and is an affiliate of the Boston Security Analyst's Society.
Kate Mead, CFA
Institutional Portfolio Manager
30YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOKate Mead, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In this role, she participates in the research process and in strategy discussions, communicates investment policy, strategy and positioning, customizes portfolios to client objectives and guidelines and manages daily cash flows. In addition, Kate is a member of the firm's IPM Global Leadership team, which includes oversight of the North American Equity IPM team. Kate joined MFS in 1997 as an equity research analyst specializing in global auto and auto parts, medical devices, telecom and networking, and US regional banks. She assumed her current role in 2002. Prior to joining the firm, she spent two years as a financial analyst for Coopers & Lybrand. Kate earned a Bachelor of Science degree in finance from Villanova University, graduating magna cum laude, and a Master of Business Administration degree from the Wharton School of the University of Pennsylvania. She holds the Chartered Financial Analyst certification and is a member of the Boston Security Analysts Society.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
Market price returns are calculated using the closing price reported by the exchange.
These results represent the percent change in net asset value.(*YTD Updated As of 01/01/24 , 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 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 assume the reinvestment of dividends and capital gains.
Annual Rate of ReturnAnnual Rate of Return (%)
Market price returns are calculated using the closing price reported by the exchange.
No data currently available
annual rate of return table Pricing & DistributionsPremium / Discount (%)
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
Number of Days at a Premium / Discount
Pricing History
- NAV at Close of Trading on: 12/11/24
- Net Asset Value (NAV): $24.39
- MP at Close of Trading on: 12/11/24
- Market Price (MP): $24.40
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.
Historical MP TableMP at Close of Trading on Market Price (MP) No Data Available30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.No data currently availablePast performance is no guarantee of future results. Please consult your tax advisor for further information.