Investment objective & strategy
As of April 29, 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 March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MFS Institutional Money Market Portfolio, Class A | — | $652.92K | 1.52% |
| Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | $583.76K | 1.36% |
| ELEMENT SOLUTIONS INC | — | $568.81K | 1.32% |
| PROSPERITY BNCSH | — | $564.04K | 1.31% |
| PORTLAND GENERAL ELECTRIC CO | — | $532.13K | 1.24% |
| COLUMBIA BANKING SYSTEMS INC | — | $517.03K | 1.20% |
| FIRST INTST BANCSYST INC CL A | — | $510.99K | 1.19% |
| CATHAY GENERAL BANCORP | — | $493.22K | 1.15% |
| HANCOCK WHITNEY CORP | — | $491.17K | 1.14% |
| FIRST HAWAIIAN INC | — | $490.73K | 1.14% |
Portfolio moves
Dec 31, 2025 → Mar 31, 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 Fund · NDVAX, NDVBX, NDVCX, NDVIX, NDVRX, NDVSX, NDVTX, NDVUX, NDVVX | 91% | 0.86% |
| MFS Blended Research Small Cap Equity Portfolio | 34% | 0.57% |
| MFS Blended Research Small Cap Equity Fund · BRSDX, BRSBX, BRSHX, BRSJX, BRSPX, BRSSX, BRSTX, BRSUX, BRSYX | 32% | 0.66% |
Advisers
| Firm | Role |
|---|---|
| MASSACHUSETTS FINANCIAL SERVICES COMPANY | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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