MFECX
MFS Growth Fund
MFS Series Trust II
Expense ratio1
1.61%
Net assets2
$40.10B
Holdings2
70
Category
US Equity
2025 return3
11.20%

Investment objective & strategy

As of March 27, 2026 · prospectus

Objective. The funds investment objective is to seek capital appreciation.

Strategy. Effective June 10, 2026, the following paragraph is added as the first paragraph of this sub-section: MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the funds net assets in growth companies. Growth companies are companies that MFS believes have above average potential with respect to the rate and duration of earnings growth compared to other companies. MFS considers a number of factors when determining a companys growth potential, including whether (i) the issuer is included in an index that is representative of growth companies; (ii) the issuer is classified as a growth company by an independent third party financial data provider; and/or (iii) the issuer exhibits the characteristics of a growth company, considering … Effective June 10, 2026, the following paragraph is added as the first paragraph of this sub-section: MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the funds net assets in growth companies. Growth companies are companies that MFS believes have above average potential with respect to the rate and duration of earnings growth compared to other companies. MFS considers a number of factors when determining a companys growth potential, including whether (i) the issuer is included in an index that is representative of growth companies; (ii) the issuer is classified as a growth company by an independent third party financial data provider; and/or (iii) the issuer exhibits the characteristics of a growth company, considering metrics such as historical and/or projected growth rates relative to the applicable equity market. Growth companies tend to have stock prices that are high relative to their earnings, dividends, book value, or other financial measures. MFS normally invests the funds assets primarily in equity securities. Equity securities include common stocks, depositary receipts, and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. Effective June 10, 2026, the following sentence is deleted in its entirety: MFS focuses on investing the funds assets in the stocks of companies it believes have above average potential with respect to the rate and duration of earnings growth compared to other companies (growth companies). While MFS may invest the funds assets in securities of companies of any size, MFS primarily invests in securities of companies with large capitalizations. MFS may invest the funds 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. The fund is a non-diversified fund. This means that MFS may invest a significant percentage of the funds assets in a single issuer or a small number of issuers. 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. Effective June 10, 2026, the following sentence is added as the last paragraph of this sub-section: For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $5.55B 13.85%
MICROSOFT CORP $3.77B 9.41%
APPLE INC $3.66B 9.14%
ALPHABET INC CL A $3.21B 8.02%
AMAZON.COM INC $2.45B 6.11%
META PLATFORMS INC CL A $1.26B 3.13%
MASTERCARD INC CL A $1.22B 3.05%
BROADCOM INC $1.15B 2.86%
GE VERNOVA LLC $991.37M 2.47%
AMPHENOL CORPORATION CL A $815.61M 2.03%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
13
Exited
10
Increased
19
Decreased
38
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight

Advisers

As of November 30, 2025 · N-CEN
FirmRole
MASSACHUSETTS FINANCIAL SERVICES COMPANY Adviser

Footnotes

  1. Expense ratio as of March 27, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.