INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
An all-cap technology portfolio that historically has sought diversification across 3 types of stocks: high quality durable growth, emerging growth, and stocks that have undergone positive change.
Applies a bottom-up stock selection process to identify the most attractive technology opportunities on a global basis, with emphasis historically on the US
Deep bench of investment talent allows for rigorous fundamental analysis
Fund Information
- Fund Commencement 01/02/1997
- Net Assets ($ M) As of 09/30/24 $2003.22
- Fiscal Year End AUGUST
-
Benchmark
Standard& Poor's North American Technology Sector Index measures technology stocks.Standard & Poor's North American Technology Sector Index
Share Class Information
- Class Inception 01/02/1997
- Net Asset Value (NAV) As of 10/31/24 $74.96
- Most Recent NAV Change As of 10/31/24 $2.21 | 2.86%
- Fund Number 898
- Maximum Sales Charge --
-
Gross Expense Ratio
0.9%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.89%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/24
MANAGERS
Top 10 Holdings
- Meta Platforms Inc
- Microsoft Corp
- Alphabet Inc Class A
- Apple Inc
- NVIDIA Corp
- Broadcom Inc
- Salesforce Inc
- Oracle Corp
- ServiceNow Inc
- KLA Corp
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
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.
Growth: Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios.
Technology: Investments in the technology sector can be very volatile because of the rapid pace of product change, technological developments, and other factors.
Please see the prospectus for further information on these and other risk considerations.
Reinier Dobbelmann
Portfolio Manager
Reinier P. Dobbelmann is an investment officer and an equity research analyst at MFS Investment Management® (MFS®). In this role, he covers US networking equipment and Asian upstream technology, including semiconductors and semiconductor equipment. He also serves as the team leader for the firm's non-US technology sector research team. Reinier joined MFS in 1998 as an equity analyst and spent ten years working in the firm's Japan office. Previously, he was a global coordinator in consumer electronics research at SBC Warburg Securities (Japan) Inc. Reinier earned a Bachelor of Arts degree from Williams College and an Master of Business Administration degree from the Walter A. Haas School of Business at the University of California, Berkeley.
Performance
Average Annual Total Returns (%)
Important Performance Information
Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of Return (%)
As of 12/31/23 | Benchmark: Standard & Poor's North American Technology Sector Index| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 10.61 | 10.63 | 8.41 | 38.80 | 1.85 | 36.07 | 46.42 | 13.65 | -36.04 | 54.27 |
| Standard & Poor's North American Technology Sector Index | 15.28 | 9.91 | 13.56 | 37.78 | 2.88 | 42.68 | 45.15 | 26.40 | -35.36 | 61.13 |
| At NAV | Standard & Poor's North American Technology Sector Index | |
|---|---|---|
| 2023 | 54.27 | 61.13 |
| 2022 | -36.04 | -35.36 |
| 2021 | 13.65 | 26.4 |
| 2020 | 46.42 | 45.15 |
| 2019 | 36.07 | 42.68 |
| 2018 | 1.85 | 2.88 |
| 2017 | 38.8 | 37.78 |
| 2016 | 8.41 | 13.56 |
| 2015 | 10.63 | 9.91 |
| 2014 | 10.61 | 15.28 |
Pricing History
- NAV at Close of Trading on: 10/31/24
- Net Asset Value (NAV): $74.96
- Change ($) (since 10/30/24 ): 2.21
- Change (%) (since 10/30/24 ): 2.86
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
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.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
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.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
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)
Updated Daily As of 10/31/24
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/11/23 | 12/12/23 | 12/13/23 | Long Term Capital Gain | 5.67885 | 57.04 |
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
An all-cap technology portfolio that historically has sought diversification across 3 types of stocks: high quality durable growth, emerging growth, and stocks that have undergone positive change.
Applies a bottom-up stock selection process to identify the most attractive technology opportunities on a global basis, with emphasis historically on the US
Deep bench of investment talent allows for rigorous fundamental analysis
Fund Information
- Fund Commencement 01/02/1997
- Net Assets ($ M) As of 09/30/24 $2003.22
- Fiscal Year End AUGUST
-
Benchmark
Standard& Poor's North American Technology Sector Index measures technology stocks.Standard & Poor's North American Technology Sector Index
Share Class Information
- Class Inception 01/02/1997
- Net Asset Value (NAV) As of 10/31/24 $74.96
- Most Recent NAV Change As of 10/31/24 $2.21 | 2.86%
- Fund Number 898
- Maximum Sales Charge --
-
Gross Expense Ratio
0.9%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.89%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/24
MANAGERS
Top 10 Holdings
As of 09/30/24- Meta Platforms Inc
- Microsoft Corp
- Alphabet Inc Class A
- Apple Inc
- NVIDIA Corp
- Broadcom Inc
- Salesforce Inc
- Oracle Corp
- ServiceNow Inc
- KLA Corp
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
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.
Growth: Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios.
Technology: Investments in the technology sector can be very volatile because of the rapid pace of product change, technological developments, and other factors.
Please see the prospectus for further information on these and other risk considerations.
Reinier Dobbelmann
Portfolio Manager
31YEARS WITH INDUSTRY
2YEARS WITH PORTFOLIOReinier P. Dobbelmann is an investment officer and an equity research analyst at MFS Investment Management® (MFS®). In this role, he covers US networking equipment and Asian upstream technology, including semiconductors and semiconductor equipment. He also serves as the team leader for the firm's non-US technology sector research team. Reinier joined MFS in 1998 as an equity analyst and spent ten years working in the firm's Japan office. Previously, he was a global coordinator in consumer electronics research at SBC Warburg Securities (Japan) Inc. Reinier earned a Bachelor of Arts degree from Williams College and an Master of Business Administration degree from the Walter A. Haas School of Business at the University of California, Berkeley.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 09/30/24 (*YTD Updated Daily, As of 10/30/24 , subject to revision and not annualized.)The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.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.Important Performance Information
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/23 | Benchmark: Standard & Poor's North American Technology Sector Indexannual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV 10.61 10.63 8.41 38.80 1.85 36.07 46.42 13.65 -36.04 54.27 Standard & Poor's North American Technology Sector Index 15.28 9.91 13.56 37.78 2.88 42.68 45.15 26.40 -35.36 61.13 At NAV Standard & Poor's North American Technology Sector Index 2023 54.27 61.13 2022 -36.04 -35.36 2021 13.65 26.4 2020 46.42 45.15 2019 36.07 42.68 2018 1.85 2.88 2017 38.8 37.78 2016 8.41 13.56 2015 10.63 9.91 2014 10.61 15.28 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 10/31/24
- Net Asset Value (NAV): $74.96
- Change ($) (since 10/30/24 ): 2.21
- Change (%) (since 10/30/24 ): 2.86
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical 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.
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.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
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)
Updated Daily As of 10/31/24
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/11/23 12/12/23 12/13/23 Long Term Capital Gain 5.67885 57.04 Past performance is no guarantee of future results. Please consult your tax advisor for further information.