Investment objective & strategy
As of June 26, 2025 · prospectusObjective. The funds investment objective is to seek capital appreciation.
Strategy. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the funds assets primarily in equity securities. 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. MFS focuses on investing the fund's assets in the stocks of companies it believes are undervalued compared to their perceived worth (value companies). While MFS may invest the funds assets in securities of companies of any size, MFS primarily invests in securities of companies with small capitalizations. MFS may invest the funds assets in foreign securities. MFS normally invests the fund's assets across different industries and … MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the funds assets primarily in equity securities. 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. MFS focuses on investing the fund's assets in the stocks of companies it believes are undervalued compared to their perceived worth (value companies). While MFS may invest the funds assets in securities of companies of any size, MFS primarily invests in securities of companies with small 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. 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.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NCR ATLEOS CORP | — | $38.25M | 1.40% |
| ELEMENT SOLUTIONS INC | — | $36.97M | 1.35% |
| PROSPERITY BNCSH | — | $34.94M | 1.28% |
| Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | $34.92M | 1.28% |
| PORTLAND GENERAL ELECTRIC CO | — | $32.54M | 1.19% |
| OR ROYALTIES INC | — | $32.38M | 1.18% |
| COLUMBIA BANKING SYSTEMS INC | — | $32.08M | 1.17% |
| FIRST INTST BANCSYST INC CL A | — | $32.00M | 1.17% |
| TIMKEN CO | — | $31.93M | 1.17% |
| POPULAR INC | — | $31.41M | 1.15% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| MFS New Discovery Value Portfolio | 91% | 0.88% |
| MFS Blended Research Small Cap Equity Portfolio | 35% | 0.57% |
| MFS Blended Research Small Cap Equity Fund · BRSDX, BRSBX, BRSHX, BRSJX, BRSPX, BRSSX, BRSTX, BRSUX, BRSYX | 33% | 0.66% |
Advisers
| Firm | Role |
|---|---|
| MASSACHUSETTS FINANCIAL SERVICES COMPANY | Adviser |
Footnotes
- Expense ratio as of June 26, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- 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).
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