Investment Objective
Seeks capital appreciation
Investment Focus
Integrates fundamental and quantitative research in a disciplined portfolio construction process
Invests in high-quality companies that are trading at favorable valuations with a catalyst that may be rewarded over the long term
Fund Information
- Fund Commencement 06/04/2026
- Net Assets ($ M) As of 06/05/26 $19.76
- Fiscal Year End FEBRUARY
-
Benchmark
Russell 2500 Index measures U.S. small- and mid-cap stocks.Russell 2500™ Index (net div)
- Net Asset Value (NAV) As of 06/05/26 $24.40
- Most Recent NAV Change As of 06/05/26 $0.63 | 2.51%
- Market Price (MP) As of 06/05/26 $24.39
- Most Recent Market Price Change As of 06/05/26 $0.65 | 2.59%
-
Premium / Discount
As of 06/05/26
-0.03%
Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).
-
30 Day Median Bid / Ask Spread
--
The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.
-
Expense Ratio
0.38%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
- Exchange NYSE Arca
Managers
Top 10 Holdings
No data currently available
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.
Small and Mid-Cap: Investments in small and mid-cap companies can be more volatile than investments in larger companies.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Strategy: There is no assurance that the portfolio's predicted tracking error will equal its target predicted tracking error at any point in time or consistently for any period of time, or that the portfolio's predicted tracking error and actual tracking error will be similar. The portfolio's strategy to target a predicted tracking error of approximately 2% compared to the Index and to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, changes from the market factors' historical trends, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
Please see the prospectus for further information on these and other risk considerations.
Jenney Zhang, CFA
Lead Portfolio Manager
Jenney Zhang Parziale, CFA, is an investment officer and quantitative portfolio manager with MFS Investment Management® (MFS®). In this role, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. Jenney also participates in the research process, conducting research and analysis associated with alpha generation, risk management and asset allocation. She also participates in strategy discussions. Jenney joined MFS in 2011 as a quantitative research analyst before taking on her current role in 2026. Her previous experience includes four years as a senior quantitative analyst at Gartmore Investments Limited and two years as a fixed income quantitative associate at Putnam Investments. She has worked in the financial services industry since 2005. Jenney earned a Bachelor of Science degree from Carnegie Mellon University. She is a CFA charter holder and a member of CFA Society Boston.
Jonathan Sage, CFA
Lead Portfolio Manager
Jonathan W. Sage, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jonathan joined MFS in 2000 as a quantitative equity research analyst and assumed his current role in 2005. He began his career in the financial services industry in 1995. Jonathan earned a bachelor's degree from Tufts University and a Master of Business Administration degree and Master of Science degree in finance from Boston College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
Nathan Bryant, CFA
Portfolio Manager
Nathan G. Bryant, CFA, is a quantitative research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for conducting research and analysis associated with alpha generation, risk management and asset allocation. He works closely with other members of the investment team to identify and prioritize research topics most relevant to the investment process. Nathan joined the firm in 2015 as a quantitative research associate. He worked as a quantitative research associate II and a senior quantitative research associate before transitioning to his current role in 2021. Nathan earned a Bachelor of Science degree from Boston College. He graduated cum laude as part of the Carroll School of Management Honors Program.
Jed Stocks, CFA
Portfolio Manager
Jed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015. Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
Performance
Average Annual Total Returns (%)
Market price returns are calculated using the closing price reported by the exchange.
Market price returns are calculated using the closing price reported by the exchange.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
YTD (year-to-date return): For the period from January 1 of the current year to the date shown, or from inception date if first offered after January 1 of the current year.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
Important Performance Information
All results are historical and assume the reinvestment of dividends and capital gains.
Annual Rate of Return (%)
Market price returns are calculated using the closing price reported by the exchange.
Market price returns are calculated using the closing price reported by the exchange.
No data currently available
Premium / Discount (%)
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
Number of Days at a Premium / Discount
Pricing History
- NAV at Close of Trading on: 06/05/26
- Net Asset Value (NAV): $24.40
- MP at Close of Trading on: 06/05/26
- Market Price (MP): $24.39
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
| MP at Close of Trading on | Market Price (MP) |
|---|
30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
-
Overview
Investment Objective
Seeks capital appreciation
Investment Focus
Integrates fundamental and quantitative research in a disciplined portfolio construction process
Invests in high-quality companies that are trading at favorable valuations with a catalyst that may be rewarded over the long term
Fund Information
- Fund Commencement 06/04/2026
- Net Assets ($ M) As of 06/05/26 $19.76
- Fiscal Year End FEBRUARY
-
Benchmark
Russell 2500 Index measures U.S. small- and mid-cap stocks.Russell 2500™ Index (net div)
- Net Asset Value (NAV) As of 06/05/26 $24.40
- Most Recent NAV Change As of 06/05/26 $0.63 | 2.51%
- Market Price (MP) As of 06/05/26 $24.39
- Most Recent Market Price Change As of 06/05/26 $0.65 | 2.59%
-
Premium / Discount
As of 06/05/26
-0.03%
Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).
-
30 Day Median Bid / Ask Spread
--
The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.
-
Expense Ratio
0.38%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
- Exchange NYSE Arca
Managers
![Jonathan Sage, CFA]()
![Nathan Bryant, CFA]()
![Jed Stocks, CFA]()
Top 10 Holdings
No data currently available
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.
Small and Mid-Cap: Investments in small and mid-cap companies can be more volatile than investments in larger companies.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Strategy: There is no assurance that the portfolio's predicted tracking error will equal its target predicted tracking error at any point in time or consistently for any period of time, or that the portfolio's predicted tracking error and actual tracking error will be similar. The portfolio's strategy to target a predicted tracking error of approximately 2% compared to the Index and to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, changes from the market factors' historical trends, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
Please see the prospectus for further information on these and other risk considerations.
Jenney Zhang, CFA
Lead Portfolio Manager
21YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOJenney Zhang Parziale, CFA, is an investment officer and quantitative portfolio manager with MFS Investment Management® (MFS®). In this role, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. Jenney also participates in the research process, conducting research and analysis associated with alpha generation, risk management and asset allocation. She also participates in strategy discussions. Jenney joined MFS in 2011 as a quantitative research analyst before taking on her current role in 2026. Her previous experience includes four years as a senior quantitative analyst at Gartmore Investments Limited and two years as a fixed income quantitative associate at Putnam Investments. She has worked in the financial services industry since 2005. Jenney earned a Bachelor of Science degree from Carnegie Mellon University. She is a CFA charter holder and a member of CFA Society Boston.
Jonathan Sage, CFA
Lead Portfolio Manager
31YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOJonathan W. Sage, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jonathan joined MFS in 2000 as a quantitative equity research analyst and assumed his current role in 2005. He began his career in the financial services industry in 1995. Jonathan earned a bachelor's degree from Tufts University and a Master of Business Administration degree and Master of Science degree in finance from Boston College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
Nathan Bryant, CFA
Portfolio Manager
11YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIONathan G. Bryant, CFA, is a quantitative research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for conducting research and analysis associated with alpha generation, risk management and asset allocation. He works closely with other members of the investment team to identify and prioritize research topics most relevant to the investment process. Nathan joined the firm in 2015 as a quantitative research associate. He worked as a quantitative research associate II and a senior quantitative research associate before transitioning to his current role in 2021. Nathan earned a Bachelor of Science degree from Boston College. He graduated cum laude as part of the Carroll School of Management Honors Program.
Jed Stocks, CFA
Portfolio Manager
27YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOJed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015. Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
Market price returns are calculated using the closing price reported by the exchange.
(*YTD Updated As of 06/07/26 , subject to revision and not annualized.)Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
1YTD (year-to-date return): For the period from January 1 of the current year to the date shown, or from inception date if first offered after January 1 of the current year.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
MORNINGSTAR RATINGImportant Performance Information
All results are historical and assume the reinvestment of dividends and capital gains.
Annual Rate of ReturnAnnual Rate of Return (%)
Market price returns are calculated using the closing price reported by the exchange.
No data currently available
annual rate of return table Pricing & DistributionsPremium / Discount (%)
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
Number of Days at a Premium / Discount
Pricing History
- NAV at Close of Trading on: 06/05/26
- Net Asset Value (NAV): $24.40
- MP at Close of Trading on: 06/05/26
- Market Price (MP): $24.39
Historical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Historical MP TableMP at Close of Trading on Market Price (MP) No Data Available30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.No data currently availableDistributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
No data currently availablePast performance is no guarantee of future results. Please consult your tax advisor for further information.