Fund Facts  

Inception Date: Apr 28, 2006
Ticker Symbol: MEIKX
Morningstar Category:Large Value
As of Jun 30, 2016
Fund Net Assets ($millions) $38,256

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks capital appreciation.

Principal Investment Strategies  

The fund 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. MFS focuses on investing the fund's assets in the stocks of companies it believes are undervalued compared to their perceived worth (value companies).

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
MFS Value R6a4.49%6.80%4.97%11.11%12.03%7.58%7.26%
Russell 1000 Value Indexa,b4.58%6.30%2.86%9.87%11.35%6.13%N/A
Morningstar Large Valuea,c2.68%4.01%-0.09%7.97%9.37%5.52%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa0.54%
Fee waiver and/or expense reimbursement0.03%
Total Expenses0.51%

A contractual expense waiver exists for this fund and will expire on 12-31-2016.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 28, 2016Jun 28, 2016$0.180710000
Mar 29, 2016Mar 29, 2016$0.137560000
Dec 10, 2015Dec 10, 2015$1.432870000
Sep 28, 2015Sep 28, 2015$0.162460000
Jun 25, 2015Jun 25, 2015$0.178200000
Mar 26, 2015Mar 26, 2015$0.231780000
Dec 11, 2014Dec 11, 2014$1.110510000
Sep 25, 2014Sep 25, 2014$0.200110000
Jun 26, 2014Jun 26, 2014$0.174910000
 

Morningstar Information

Morningstar Rating   As of Jun 30, 2016
Period Stars Category Size
Overall 5 Stars1169
3-Year 5 Stars1169
5-Year 5 Stars1030
10-Year 4 Stars756

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Jun 30, 2016
Equity Stylebox
Large Blend
Allocation of Assets As of May 31, 2016
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of May 31, 2016
Asset ClassPercent
Domestic Stock92.0%
Foreign Stock7.0%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.9%
Other0.1%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of May 31, 2016
SectorPercent
Financial Services26.5%
Industrials19.5%
Healthcare16.4%
Consumer Defensive11.5%
Technology6.3%
Energy6.0%
Consumer Cyclical5.5%
Basic Materials3.3%
Communication Services3.0%
Utilities1.0%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of May 31, 2016
Holding NamePercent
JPMorgan Chase & Co4.4%
Johnson & Johnson3.6%
Philip Morris International Inc3.4%
Wells Fargo & Co3.0%
Accenture PLC A2.8%
Pfizer Inc2.4%
Medtronic PLC2.2%
Honeywell International Inc2.1%
PPG Industries Inc2.1%
The Travelers Companies Inc2.0%
 

Statistics

Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
Beta1.000.99
Alpha1.200.72
Standard Deviation11.5212.66
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

The MFS Funds imposes trading restrictions for this investment. If you transfer more than $5,000 out of this investment, you will be restricted from transferring any amount into this fund for a 30 day period. Full details are provided in the Fund's prospectus.

 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.