MFS Blended Research Value Equity Fund
Name
As of 11/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
18.9%
1 yr return
32.5%
3 Yr Avg Return
9.2%
5 Yr Avg Return
11.3%
Net Assets
$274 M
Holdings in Top 10
21.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BRUDX - Profile
Distributions
- YTD Total Return 18.9%
- 3 Yr Annualized Total Return 9.2%
- 5 Yr Annualized Total Return 11.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.48%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMFS Blended Research Value Equity Fund
-
Fund Family NameMFS Funds
-
Inception DateSep 15, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJonathan Sage
Fund Description
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 1000® Value Index, which represents the fund's investment universe.
MFS normally invests at least 80% of the fund’s net assets 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 fund’s assets in securities of companies of any size, MFS primarily invests in securities of companies with large capitalizations.
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 2% compared to the Russell 1000® Value Index. Tracking error generally measures how the differences between the fund's returns and the Russell 1000® Value 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.
BRUDX - Performance
Return Ranking - Trailing
Period | BRUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.9% | -6.7% | 41.2% | 67.28% |
1 Yr | 32.5% | 7.1% | 65.4% | 52.55% |
3 Yr | 9.2%* | -3.4% | 32.5% | 38.21% |
5 Yr | 11.3%* | -0.8% | 45.8% | 47.96% |
10 Yr | N/A* | 1.4% | 25.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | BRUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.5% | -16.9% | 46.1% | 24.77% |
2022 | -11.4% | -64.7% | 4.6% | 44.63% |
2021 | 13.0% | -44.2% | 57.5% | 65.29% |
2020 | -0.2% | -23.2% | 285.0% | 49.85% |
2019 | 20.7% | -21.4% | 48.5% | 37.83% |
Total Return Ranking - Trailing
Period | BRUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.9% | -6.7% | 41.2% | 67.28% |
1 Yr | 32.5% | 7.1% | 65.4% | 52.55% |
3 Yr | 9.2%* | -3.4% | 32.5% | 38.21% |
5 Yr | 11.3%* | -0.8% | 45.8% | 47.96% |
10 Yr | N/A* | 1.4% | 25.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | BRUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.3% | -15.9% | 46.7% | 25.41% |
2022 | -4.4% | -42.0% | 8.5% | 38.38% |
2021 | 25.9% | 3.6% | 129.7% | 50.58% |
2020 | 1.4% | -22.6% | 304.8% | 64.24% |
2019 | 23.0% | -12.7% | 52.1% | 78.40% |
NAV & Total Return History
BRUDX - Holdings
Concentration Analysis
BRUDX | Category Low | Category High | BRUDX % Rank | |
---|---|---|---|---|
Net Assets | 274 M | 1.97 M | 163 B | 72.73% |
Number of Holdings | 112 | 2 | 1727 | 28.93% |
Net Assets in Top 10 | 62.9 M | 433 K | 37.8 B | 77.23% |
Weighting of Top 10 | 21.07% | 4.4% | 99.1% | 86.29% |
Top 10 Holdings
- JPMorgan Chase Co 3.73%
- Johnson Johnson 2.90%
- Wells Fargo Co 2.14%
- Pfizer Inc 1.96%
- Berkshire Hathaway Inc 1.91%
- Cigna Group/The 1.83%
- American Express Co 1.75%
- Chubb Ltd 1.66%
- Fiserv Inc 1.63%
- Vertex Pharmaceuticals Inc 1.57%
Asset Allocation
Weighting | Return Low | Return High | BRUDX % Rank | |
---|---|---|---|---|
Stocks | 99.27% | 7.19% | 103.40% | 30.67% |
Cash | 0.73% | 0.00% | 36.15% | 66.67% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 20.39% |
Other | 0.00% | -2.59% | 36.68% | 39.12% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 14.94% |
Bonds | 0.00% | 0.00% | 78.06% | 19.38% |
Stock Sector Breakdown
Weighting | Return Low | Return High | BRUDX % Rank | |
---|---|---|---|---|
Financial Services | 20.54% | 0.00% | 58.05% | 35.40% |
Healthcare | 19.43% | 0.00% | 30.08% | 24.47% |
Technology | 9.88% | 0.00% | 54.02% | 55.05% |
Industrials | 9.25% | 0.00% | 42.76% | 75.90% |
Consumer Defense | 8.51% | 0.00% | 34.10% | 48.75% |
Energy | 7.21% | 0.00% | 54.00% | 61.82% |
Communication Services | 6.20% | 0.00% | 26.58% | 40.59% |
Real Estate | 5.87% | 0.00% | 90.54% | 9.82% |
Utilities | 5.07% | 0.00% | 27.04% | 43.10% |
Consumer Cyclical | 4.11% | 0.00% | 22.74% | 79.05% |
Basic Materials | 3.93% | 0.00% | 21.69% | 34.94% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BRUDX % Rank | |
---|---|---|---|---|
US | 99.27% | 7.19% | 103.40% | 26.17% |
Non US | 0.00% | 0.00% | 24.08% | 40.77% |
BRUDX - Expenses
Operational Fees
BRUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.85% | 0.03% | 14.82% | 55.58% |
Management Fee | 0.40% | 0.00% | 1.50% | 15.56% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 27.45% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
BRUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 1.00% | 5.75% | 8.33% |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
BRUDX 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.
BRUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 57.00% | 0.00% | 488.00% | 71.60% |
BRUDX - Distributions
Dividend Yield Analysis
BRUDX | Category Low | Category High | BRUDX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.05% | 0.00% | 16.67% | 95.68% |
Dividend Distribution Analysis
BRUDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
BRUDX | Category Low | Category High | BRUDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.48% | -1.51% | 4.28% | 41.64% |
Capital Gain Distribution Analysis
BRUDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.183 | OrdinaryDividend |
Dec 14, 2023 | $0.318 | CapitalGainLongTerm |
Dec 13, 2022 | $0.148 | OrdinaryDividend |
Dec 13, 2022 | $0.969 | CapitalGainLongTerm |
Dec 14, 2021 | $0.009 | OrdinaryDividend |
Dec 14, 2021 | $0.453 | CapitalGainShortTerm |
Dec 14, 2021 | $1.249 | CapitalGainLongTerm |
Dec 15, 2020 | $0.224 | OrdinaryDividend |
Dec 17, 2019 | $0.263 | OrdinaryDividend |
Dec 18, 2018 | $0.135 | CapitalGainShortTerm |
Dec 18, 2018 | $0.178 | CapitalGainLongTerm |
Dec 18, 2018 | $0.221 | OrdinaryDividend |
Dec 19, 2017 | $0.202 | CapitalGainShortTerm |
Dec 19, 2017 | $0.092 | CapitalGainLongTerm |
Dec 19, 2017 | $0.163 | OrdinaryDividend |
Dec 20, 2016 | $0.062 | OrdinaryDividend |
Dec 17, 2015 | $0.040 | CapitalGainShortTerm |
Dec 17, 2015 | $0.056 | OrdinaryDividend |
BRUDX - Fund Manager Analysis
Managers
Jonathan Sage
Start Date
Tenure
Tenure Rank
Sep 15, 2015
6.71
6.7%
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.
James Fallon
Start Date
Tenure
Tenure Rank
Sep 15, 2015
6.71
6.7%
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
John (Jed) Stocks
Start Date
Tenure
Tenure Rank
Sep 15, 2015
6.71
6.7%
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.
Matthew Krummell
Start Date
Tenure
Tenure Rank
Sep 15, 2015
6.71
6.7%
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
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.08 | 0.25 |