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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
20.0%
1 yr return
37.9%
3 Yr Avg Return
9.5%
5 Yr Avg Return
13.7%
Net Assets
$584 M
Holdings in Top 10
16.7%
Expense Ratio 0.68%
Front Load N/A
Deferred Load N/A
Turnover 103.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFS (Massachusetts Financial Services Company, the fund's investment adviser) seeks to achieve the fund's objective by actively identifying potential investments based on fundamental and quantitative analysis and then constructing a portfolio from these potential investments while managing various risk factors (e.g., issuer, industry, and sector weightings, market capitalization, and volatility) compared to the Russell Midcap® Index, which represents the fund's investment universe.
MFS normally invests at least 80% of the fund’s net assets in equity securities of issuers with medium market capitalizations. MFS generally defines medium market capitalization issuers as issuers with market capitalizations similar to those of issuers included in the Russell Midcap® Index over the last 13 months at the time of purchase. As of August 31, 2024, the range of the market capitalizations of the issuers in the Russell Midcap® Index was between approximately $170.0 million and $71.7 billion.
Equity securities include common stocks, depositary receipts, equity interests in real estate investment trusts (REITs), and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.
In selecting investments for the fund, MFS is not constrained by any particular investment style. MFS may invest the fund’s assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies.
MFS may invest the fund’s assets in foreign securities.
MFS normally invests the fund's assets across different industries and sectors, but MFS may invest a significant percentage of the fund's assets in issuers in a single industry or sector.
MFS uses an active bottom-up approach to buying and selling investments for the fund. Investments are selected primarily based on blending fundamental and quantitative research. MFS uses fundamental analysis of individual issuers to determine a fundamental rating for an issuer. MFS uses quantitative analysis to determine a quantitative rating for an issuer. MFS combines the fundamental rating with the quantitative rating to create a blended rating for an issuer. When the fundamental rating is not available, MFS treats the issuer as having a neutral fundamental rating.
MFS constructs the portfolio using a portfolio optimization process that considers the blended rating, as well as issuer, industry, and sector weightings, market capitalization, volatility, and other factors. The portfolio managers have the discretion to adjust the inputs and parameters used in the optimization process and the fund's portfolio holdings based on factors such as the desired portfolio characteristics and the portfolio managers’ qualitative assessment of the optimization results. MFS' goal is to construct an actively managed portfolio with a target predicted tracking error of approximately 3% compared to the Russell Midcap® Index. Tracking error generally measures how the differences between the fund's returns and the Russell Midcap® Index's returns have varied over a period of time.
For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
Period | BMSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 20.0% | -7.1% | 33.9% | 6.44% |
1 Yr | 37.9% | -1.6% | 51.7% | 3.36% |
3 Yr | 9.5%* | -17.8% | 23.8% | 8.81% |
5 Yr | 13.7%* | 0.2% | 25.5% | 12.20% |
10 Yr | N/A* | 3.3% | 13.7% | N/A |
* Annualized
Period | BMSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.0% | -12.9% | 28.8% | 15.21% |
2022 | -17.8% | -52.6% | 20.1% | 36.93% |
2021 | 2.3% | -43.8% | 32.4% | 84.93% |
2020 | 9.4% | -10.6% | 82.1% | 44.44% |
2019 | 24.1% | -8.5% | 37.5% | 45.54% |
Period | BMSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 20.0% | -7.1% | 33.9% | 6.44% |
1 Yr | 37.9% | -1.6% | 51.7% | 3.36% |
3 Yr | 9.5%* | -17.8% | 23.8% | 8.81% |
5 Yr | 13.7%* | 0.2% | 25.5% | 12.20% |
10 Yr | N/A* | 3.3% | 13.7% | N/A |
* Annualized
Period | BMSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.7% | 1.2% | 31.3% | 14.37% |
2022 | -13.7% | -45.7% | 21.1% | 39.20% |
2021 | 26.7% | -30.2% | 52.8% | 29.28% |
2020 | 10.4% | -8.4% | 84.3% | 64.26% |
2019 | 30.2% | 1.0% | 43.4% | 28.03% |
BMSVX | Category Low | Category High | BMSVX % Rank | |
---|---|---|---|---|
Net Assets | 584 M | 728 K | 168 B | 49.02% |
Number of Holdings | 145 | 1 | 2714 | 38.38% |
Net Assets in Top 10 | 117 M | 399 K | 13.2 B | 43.98% |
Weighting of Top 10 | 16.73% | 0.5% | 100.0% | 60.67% |
Weighting | Return Low | Return High | BMSVX % Rank | |
---|---|---|---|---|
Stocks | 98.67% | 0.86% | 100.69% | 43.70% |
Cash | 1.33% | 0.00% | 99.07% | 63.03% |
Preferred Stocks | 0.00% | 0.00% | 11.46% | 56.30% |
Other | 0.00% | -0.01% | 51.08% | 66.11% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 56.58% |
Bonds | 0.00% | 0.00% | 72.71% | 61.34% |
Weighting | Return Low | Return High | BMSVX % Rank | |
---|---|---|---|---|
Technology | 17.41% | 0.00% | 40.65% | 33.71% |
Industrials | 13.76% | 0.00% | 45.89% | 71.91% |
Consumer Cyclical | 13.24% | 2.49% | 46.48% | 45.22% |
Financial Services | 12.66% | 0.00% | 46.10% | 68.26% |
Healthcare | 10.73% | 0.00% | 24.06% | 41.57% |
Real Estate | 9.09% | 0.00% | 25.82% | 36.80% |
Energy | 6.55% | 0.00% | 58.13% | 35.11% |
Basic Materials | 4.89% | 0.00% | 16.35% | 62.36% |
Utilities | 4.28% | 0.00% | 18.97% | 43.54% |
Communication Services | 3.69% | 0.00% | 30.98% | 21.63% |
Consumer Defense | 3.69% | 0.00% | 32.18% | 70.22% |
Weighting | Return Low | Return High | BMSVX % Rank | |
---|---|---|---|---|
US | 98.67% | 0.86% | 100.69% | 41.18% |
Non US | 0.00% | 0.00% | 10.11% | 63.03% |
BMSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.68% | 0.03% | 19.40% | 76.06% |
Management Fee | 0.50% | 0.00% | 1.50% | 28.45% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
BMSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
BMSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
BMSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 103.00% | 0.00% | 304.00% | 92.77% |
BMSVX | Category Low | Category High | BMSVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.91% | 0.00% | 29.78% | 94.12% |
BMSVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
BMSVX | Category Low | Category High | BMSVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.84% | -2.06% | 3.38% | 24.23% |
BMSVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.142 | OrdinaryDividend |
Dec 14, 2023 | $0.161 | CapitalGainLongTerm |
Dec 13, 2022 | $0.126 | OrdinaryDividend |
Dec 13, 2022 | $0.448 | CapitalGainLongTerm |
Dec 14, 2021 | $0.127 | OrdinaryDividend |
Dec 14, 2021 | $0.977 | CapitalGainShortTerm |
Dec 14, 2021 | $2.020 | CapitalGainLongTerm |
Dec 15, 2020 | $0.126 | OrdinaryDividend |
Dec 15, 2020 | $0.000 | CapitalGainLongTerm |
Dec 17, 2019 | $0.139 | OrdinaryDividend |
Dec 17, 2019 | $0.053 | CapitalGainShortTerm |
Dec 17, 2019 | $0.405 | CapitalGainLongTerm |
Dec 18, 2018 | $0.134 | CapitalGainShortTerm |
Dec 18, 2018 | $0.542 | CapitalGainLongTerm |
Dec 18, 2018 | $0.125 | OrdinaryDividend |
Dec 19, 2017 | $0.257 | CapitalGainShortTerm |
Dec 19, 2017 | $0.057 | CapitalGainLongTerm |
Dec 19, 2017 | $0.100 | OrdinaryDividend |
Dec 20, 2016 | $0.048 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 19, 2016
5.78
5.8%
Jonathan W. Sage, CFA, is an investment officer and a portfolio manager at MFS Investment Management. He manages blended research equity strategies utilized by the firm's mutual funds and institutional accounts. He joined MFS in 2000 as a quantitative equity research analyst and was named a portfolio manager in 2005. Prior to joining MFS, Jonathan spent two years as a supervisor of portfolio administration for Santander Global Advisors, Inc. and three years as a senior mutual fund accountant for First Data Investor Services Group.
Start Date
Tenure
Tenure Rank
Aug 19, 2016
5.78
5.8%
James C. Fallon - Investment Officer - Portfolio Manager - As a Portfolio Manager, responsible for final buy and sell decisions, portfolio construction, risk and cash management. Participates in the research process and strategy discussions. - Joined MFS in 1999; previous positions include Equity Research Associate; Securities Lending Administrator. - Previous experience includes 1 year as Mutual Fund Custody Accountant at Investors Bank & Trust; 1 year as Financial Analyst at Bardon Trimount. - Affiliations include CFA Institute, CFA Society of Boston
Start Date
Tenure
Tenure Rank
Aug 19, 2016
5.78
5.8%
As a Portfolio Manager, responsible for final buy and sell decisions, portfolio construction, risk and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2001; previous positions include Quantitative Research Analyst; Quantitative Research Associate; Teleservices Representative. - Previous experience includes 1 year as Client Service Specialist and Order Desk Specialist at Patagon.com Securities.- John re-joined the firm in 2001. His original start date was February 1999.
Start Date
Tenure
Tenure Rank
Aug 19, 2016
5.78
5.8%
Lead Portfolio Manager As a Portfolio Manager, responsible for final buy and sell decisions, portfolio construction, risk and cash management. Participates in the research process and strategy discussions. Joined MFS in 2001 Previous experience includes 3 years as Analyst and Portfolio Manager at Pioneer Investments; 2 years as Assistant Vice President at Putnam Investments; 3 years as Associate at Mellon Capital Management. Affiliations include Boston Security Analysts Society, Inc., CFA Institute. University of Chicago, MBA University of California, Berkeley, BA, Phi Beta Kappa
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.29 | 5.78 |
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