MFS Technology Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
34.3%
1 yr return
41.1%
3 Yr Avg Return
9.3%
5 Yr Avg Return
18.1%
Net Assets
$1.85 B
Holdings in Top 10
55.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MTCJX - Profile
Distributions
- YTD Total Return 34.3%
- 3 Yr Annualized Total Return 9.3%
- 5 Yr Annualized Total Return 18.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMFS Technology Fund
-
Fund Family NameMFS Funds
-
Inception DateApr 01, 2005
-
Shares OutstandingN/A
-
Share ClassR4
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Sabel
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in securities of issuers principally engaged in offering, using or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. These issuers are in such fields as computer systems and software, networking and telecommunications, internet, business services, and electronics.
MFS normally invests the fund’s assets primarily in equity securities. Equity securities include common stocks 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 to 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) or the stocks of companies it believes are undervalued compared to their perceived worth (value companies). However, companies that benefit from technological advancements and improvements often are growth companies.
MFS may invest the fund’s assets in securities of companies of any size.
MFS may invest the fund’s assets in foreign securities.
The fund is a non-diversified fund. This means that MFS may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.
MFS may enter into short sales.
MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual issuers. Quantitative screening tools that systematically evaluate issuers may also be considered.
For purposes of the fund’s 80% policy, net assets include the amount of any borrowings for investment purposes.
MTCJX - Performance
Return Ranking - Trailing
| Period | MTCJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 34.3% | -20.7% | 63.8% | 23.64% |
| 1 Yr | 41.1% | -13.5% | 83.4% | 28.64% |
| 3 Yr | 9.3%* | -33.7% | 19.0% | 19.44% |
| 5 Yr | 18.1%* | -10.7% | 32.7% | 46.50% |
| 10 Yr | 17.4%* | 1.0% | 26.8% | 49.02% |
* Annualized
Return Ranking - Calendar
| Period | MTCJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 39.8% | -5.6% | 96.9% | 58.90% |
| 2022 | -42.1% | -73.9% | -16.4% | 62.50% |
| 2021 | 1.6% | -44.6% | 51.5% | 55.35% |
| 2020 | 39.1% | 5.5% | 154.1% | 53.23% |
| 2019 | 33.3% | -3.0% | 63.7% | 56.02% |
Total Return Ranking - Trailing
| Period | MTCJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 34.3% | -20.7% | 63.8% | 23.64% |
| 1 Yr | 41.1% | -13.5% | 83.4% | 28.64% |
| 3 Yr | 9.3%* | -33.7% | 19.0% | 19.44% |
| 5 Yr | 18.1%* | -10.7% | 32.7% | 46.50% |
| 10 Yr | 17.4%* | 1.0% | 26.8% | 49.02% |
* Annualized
Total Return Ranking - Calendar
| Period | MTCJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 54.3% | -2.3% | 96.9% | 37.44% |
| 2022 | -36.0% | -67.5% | -5.9% | 49.07% |
| 2021 | 13.7% | -17.8% | 59.2% | 61.86% |
| 2020 | 46.4% | 17.5% | 157.5% | 57.21% |
| 2019 | 36.1% | 7.5% | 66.9% | 67.54% |
NAV & Total Return History
MTCJX - Holdings
Concentration Analysis
| MTCJX | Category Low | Category High | MTCJX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.85 B | 4.67 M | 81.2 B | 34.84% |
| Number of Holdings | 53 | 10 | 321 | 55.66% |
| Net Assets in Top 10 | 1.08 B | 1.67 M | 56.8 B | 31.22% |
| Weighting of Top 10 | 55.20% | 13.2% | 100.0% | 42.99% |
Top 10 Holdings
- Meta Platforms Inc 10.33%
- Microsoft Corp 9.15%
- Alphabet Inc 8.14%
- Apple Inc 6.84%
- NVIDIA Corp 6.02%
- Broadcom Inc 3.77%
- Salesforce Inc 3.05%
- ServiceNow Inc 2.90%
- KLA Corp 2.50%
- Accenture PLC 2.50%
Asset Allocation
| Weighting | Return Low | Return High | MTCJX % Rank | |
|---|---|---|---|---|
| Stocks | 98.44% | 0.00% | 100.77% | 62.44% |
| Cash | 1.56% | 0.00% | 26.97% | 48.42% |
| Preferred Stocks | 0.00% | 0.00% | 8.61% | 33.03% |
| Other | 0.00% | -0.04% | 26.87% | 46.15% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 22.17% |
| Bonds | 0.00% | 0.00% | 87.98% | 21.72% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MTCJX % Rank | |
|---|---|---|---|---|
| Technology | 51.33% | 2.80% | 100.00% | 88.69% |
| Financial Services | 15.56% | 0.00% | 38.36% | 4.07% |
| Communication Services | 13.74% | 0.00% | 97.05% | 17.19% |
| Consumer Cyclical | 12.95% | 0.00% | 32.97% | 14.03% |
| Industrials | 5.58% | 0.00% | 38.68% | 13.57% |
| Healthcare | 0.85% | 0.00% | 25.57% | 37.56% |
| Utilities | 0.00% | 0.00% | 5.17% | 20.81% |
| Real Estate | 0.00% | 0.00% | 15.05% | 39.82% |
| Energy | 0.00% | 0.00% | 1.24% | 19.91% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 28.96% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 28.05% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MTCJX % Rank | |
|---|---|---|---|---|
| US | 93.37% | 0.00% | 100.77% | 70.59% |
| Non US | 5.07% | 0.00% | 63.81% | 23.53% |
MTCJX - Expenses
Operational Fees
| MTCJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.90% | 0.08% | 5.04% | 60.91% |
| Management Fee | 0.74% | 0.03% | 1.95% | 47.06% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| MTCJX 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 |
Trading Fees
| MTCJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
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.
| MTCJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 0.69% | 281.00% | 39.20% |
MTCJX - Distributions
Dividend Yield Analysis
| MTCJX | Category Low | Category High | MTCJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 43.89% |
Dividend Distribution Analysis
| MTCJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Annual |
Net Income Ratio Analysis
| MTCJX | Category Low | Category High | MTCJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.59% | -2.30% | 2.08% | 59.45% |
Capital Gain Distribution Analysis
| MTCJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2023 | $5.679 | CapitalGainLongTerm |
| Dec 06, 2022 | $4.336 | CapitalGainLongTerm |
| Dec 07, 2021 | $2.154 | CapitalGainShortTerm |
| Dec 07, 2021 | $6.193 | CapitalGainLongTerm |
| Dec 08, 2020 | $3.513 | CapitalGainLongTerm |
| Dec 10, 2019 | $0.983 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.310 | CapitalGainShortTerm |
| Dec 11, 2018 | $1.580 | CapitalGainLongTerm |
| Dec 12, 2017 | $0.418 | CapitalGainShortTerm |
| Dec 12, 2017 | $0.956 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.536 | CapitalGainLongTerm |
| Dec 11, 2015 | $0.991 | CapitalGainLongTerm |
MTCJX - Fund Manager Analysis
Managers
Matthew Sabel
Start Date
Tenure
Tenure Rank
May 01, 2011
11.09
11.1%
Matthew Sabel is an investment officer and portfolio manager at MFS Investment Management® (MFS®) since September 2018. Matt joined MFS in 2009 and was named portfolio manager in 2011. Previously, he spent nine years at Fidelity Management and Research Company. He also served as an associate consultant at Putnam Associates for two years. He began his career in financial services as a mutual fund accountant at Investors Bank and Trust in 1997. Matt earned a Bachelor of Arts degree cum laude from Tufts University.
Reiner Dobbelmann
Start Date
Tenure
Tenure Rank
May 15, 2022
0.04
0.0%
Reinier Dobbelmann is an Investment Officer and Portfolio Manager of MFS and has been employed in the investment area of MFS since 1998.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.25 | 1.41 |