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
06/16/00
Net Assets
($
M)
As of 04/30/24
$147.46
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
06/16/00
Net Asset Value (NAV)
As of 05/17/24
$35.91
Most Recent NAV Change
As of 05/17/24
$0.04
|
0.11%
CUSIP
55274F331
Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
0.86%
Net Expense Ratio
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 04/30/25
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.
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.
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
31
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
31
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
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.
These results represent the percent change in net asset value.
Monthly|QuarterlyAs of
03/31/24
(*YTD Updated
Daily,
As of 05/17/24 , 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 units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products. Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize. Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return
Annual Rate of Return (%)
As of
12/31/23|Benchmark: Standard & Poor's North American Technology Sector Index
annual rate of return table
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
At NAV
10.71
10.75
8.69
39.00
1.73
36.16
46.84
13.68
-35.70
54.23
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
54.23
61.13
2022
-35.7
-35.36
2021
13.68
26.4
2020
46.84
45.15
2019
36.16
42.68
2018
1.73
2.88
2017
39.0
37.78
2016
8.69
13.56
2015
10.75
9.91
2014
10.71
15.28
Pricing & Distributions
Pricing History
NAV at Close of Trading on:
05/17/24
Net Asset Value (NAV):
$35.91
Change ($) (since
05/16/24
):
0.04
Change (%) (since
05/16/24
):
0.11
Market Price (MP):
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
Enter date for which you wish to obtain a Historical NAV for this fund
Historical NAV may not be available for all dates.
Historical MP Lookup
Enter date for which you wish to obtain a Historical MP for this fund
Historical MP may not be available for all dates.
Historical Exit Price Table
NAV at Close of Trading on
Net Asset Value (NAV)
No Data Available
Portfolio & Holdings Information
Portfolio characteristic data are based on unaudited net assets.
The portfolio is actively managed, and current holdings may be different.
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
Updated Monthly As of
04/30/24
Benchmark
Standard & Poor's North American Technology Sector Index
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
-1.27
-2.29
-3.19
Beta
0.93
0.91
0.92
R-squared
96.42
96.86
97.28
Standard Deviation %
18.66
21.80
22.67
Sharpe Ratio
0.83
0.56
0.11
Tracking Error
3.78
4.35
4.27
Information Ratio
-0.76
-0.96
-0.96
Treynor Ratio
16.63
13.41
2.72
Downside Capture %
92.30
91.85
93.19
Upside Capture %
89.20
86.26
84.58
Top 10 Holdings
As of
04/30/24
Microsoft Corp
Alphabet Inc Class A
Meta Platforms Inc
NVIDIA Corp
Apple Inc
Broadcom Inc
Salesforce Inc
ServiceNow Inc
Accenture PLC
Intuit Inc
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
No data currently available
Region & Country
Region & Country
No data currently available
Top Country Weightings (%)
No data currently available
Important Characteristics Information
The portfolio is actively managed, and current holdings may be different.
Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
Fees
0.85% Net Expense Ratio
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 04/30/25
0.86% Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
Variable Insurance Portfolios are available solely as underlying investment options issued or administered by life insurance companies. The information provided on this page is to help you consider the objectives, risks, charges, and expenses associated with these underlying investment option(s). Contact your investment or insurance professional for important information about the variable life insurance and variable annuity products that hold these investment options.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199.
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
06/16/00
Net Assets
($
M)
As of 04/30/24
$147.46
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
06/16/00
Net Asset Value (NAV)
As of 05/17/24
$35.91
Most Recent NAV Change
As of 05/17/24
$0.04
|
0.11%
CUSIP
55274F331
Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
0.86%
Net Expense Ratio
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 04/30/25
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.
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.
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
31
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
31
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
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.
These results represent the percent change in net asset value.
Monthly|QuarterlyAs of
03/31/24
(*YTD Updated
Daily,
As of 05/17/24 , 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 units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products. Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize. Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return
Annual Rate of Return (%)
As of
12/31/23|Benchmark: Standard & Poor's North American Technology Sector Index
annual rate of return table
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
At NAV
10.71
10.75
8.69
39.00
1.73
36.16
46.84
13.68
-35.70
54.23
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
54.23
61.13
2022
-35.7
-35.36
2021
13.68
26.4
2020
46.84
45.15
2019
36.16
42.68
2018
1.73
2.88
2017
39.0
37.78
2016
8.69
13.56
2015
10.75
9.91
2014
10.71
15.28
Pricing & Distributions
Pricing History
NAV at Close of Trading on:
05/17/24
Net Asset Value (NAV):
$35.91
Change ($) (since
05/16/24
):
0.04
Change (%) (since
05/16/24
):
0.11
Market Price (MP):
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
Enter date for which you wish to obtain a Historical NAV for this fund
Historical NAV may not be available for all dates.
Historical MP Lookup
Enter date for which you wish to obtain a Historical MP for this fund
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
Updated Monthly As of
04/30/24
Benchmark
Standard & Poor's North American Technology Sector Index
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
-1.27
-2.29
-3.19
Beta
0.93
0.91
0.92
R-squared
96.42
96.86
97.28
Standard Deviation %
18.66
21.80
22.67
Sharpe Ratio
0.83
0.56
0.11
Tracking Error
3.78
4.35
4.27
Information Ratio
-0.76
-0.96
-0.96
Treynor Ratio
16.63
13.41
2.72
Downside Capture %
92.30
91.85
93.19
Upside Capture %
89.20
86.26
84.58
Top 10 Holdings
As of
04/30/24
Microsoft Corp
Alphabet Inc Class A
Meta Platforms Inc
NVIDIA Corp
Apple Inc
Broadcom Inc
Salesforce Inc
ServiceNow Inc
Accenture PLC
Intuit Inc
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
No data currently available
Region & Country
Region & Country
No data currently available
Top Country Weightings (%)
No data currently available
Important Characteristics Information
The portfolio is actively managed, and current holdings may be different.
Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
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 04/30/25
0.86% Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
Variable Insurance Portfolios are available solely as underlying investment options issued or administered by life insurance companies. The information provided on this page is to help you consider the objectives, risks, charges, and expenses associated with these underlying investment option(s). Contact your investment or insurance professional for important information about the variable life insurance and variable annuity products that hold these investment options.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199.