6 9

Managed Wealth Fund

MNWIX
$ 12.34
$0.01 As of 03/27/24
$42M
As of 02/29/24
Morningstar
View Overall Morningstar Ratings Information

Managed Wealth Fund

MNWIX
$0.01 As of 03/27/24
As of 02/29/24
MNWIX
$ 12.34
$0.01 As of 03/27/24
$42M
As of 02/29/24
Morningstar
View Overall Morningstar Ratings Information
  • Overview

    INVESTMENT OBJECTIVE

    Seeks total return

    INVESTMENT FOCUS

    Diversification across equity markets through three established MFS strategies

    Investment team will manage the strategy's net exposure to equity markets based on their collective view of risk and reward

    The fund may use derivatives to manage typical and atypical downside market moves

    Fund Information

    • Fund Commencement 06/27/14
    • Net Assets ($ M) As of 02/29/24 $42.18
    • Fiscal Year End MAY
    • Benchmark
      The BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months.
      ICE BofA 0-3 Month U.S. Treasury Bill Index

    Share Class Information

    • Class Inception 06/27/14
    • Net Asset Value (NAV) As of 03/27/24 $12.34
    • Most Recent NAV Change As of 03/27/24 $0.01 | 0.08%
    • Fund Number 1860
    • Maximum Sales Charge --
    • 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.

      1.27%
    • 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 09/30/24

      1.17%

    MANAGERS

    Effective September 30, 2024, William Adams will no longer manage the portfolio.

    Effective April 30, 2024, Barnaby Wiener will retire as Portfolio Manager of the fund.

    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.

    International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.

    Derivatives: Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

    Strategy: The fund's strategy to reduce its exposure to the equity and/or currency markets represented by the underlying funds and to potentially expose the fund to asset classes and/or markets in which the underlying funds have little or no exposure may not produce the intended results. In addition, the strategies MFS may implement to limit the fund's exposure to certain extreme market events may not work as intended, and the costs associated with such strategies will reduce the fund's returns. It is expected that the fund will generally underperform the equity markets during periods of strong, rising equity markets.

    Underlying Funds: MFS' strategy of investing in underlying funds exposes the fund to the risks of the underlying funds. Each underlying fund pursues its own objective and strategies and may not achieve its objective.  In addition, shareholders of the fund will indirectly bear the fees and expenses of the underlying funds.

    Please see the prospectus for further information on these and other risk considerations.

  • Performance

    Performance

    Average Annual Total Returns

    Average Annual Total Returns (%)

    These results represent the percent change in net asset value.
    Monthly | Quarterly As of 12/31/23 (*YTD Updated Daily, As of 03/27/24 , 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.
      MORNINGSTAR RATING
      Morningstar Overall Rating As of 02/29/24 Class I Shares

      Morningstar Long-Short Equity

      Morningstar ratings are based on risk adjusted performance.

      OVERALL
      Out Of Funds
      NA
      OVERALL MORNINGSTAR RATING
      Morningstar Overall Rating As of 02/29/24 Class I Shares

      Morningstar Long-Short Equity

      Morningstar ratings are based on risk adjusted performance.

      NA
      THREE YEAR
      Out Of Funds
      NA
      FIVE YEAR
      Out Of Funds
      NA
      TEN YEAR
      Out Of Funds
      NA

      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 Return

      Annual Rate of Return (%)

      As of 12/31/23 | Benchmark: ICE BofA 0-3 Month U.S. Treasury Bill Index
      annual rate of return table
      2015 2016 2017 2018 2019 2020 2021 2022 2023
      At NAV 1.28 -0.96 6.70 2.10 8.70 3.10 1.35 -2.15 5.40
      ICE BofA 0-3 Month U.S. Treasury Bill Index 0.02 0.25 0.82 1.83 2.21 0.54 0.05 1.53 5.10
      At NAV ICE BofA 0-3 Month U.S. Treasury Bill Index
      2023 5.4 5.1
      2022 -2.15 1.53
      2021 1.35 0.05
      2020 3.1 0.54
      2019 8.7 2.21
      2018 2.1 1.83
      2017 6.7 0.82
      2016 -0.96 0.25
      2015 1.28 0.02
      Pricing & Distributions

      Pricing History

      • Market Price (MP): 
      Maximum data displayed is for the most recent 10 years
      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.

      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 03/28/24

      Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$)
      12/26/23 12/27/23 12/28/23 Dividend 0.09152 11.83
      Past performance is no guarantee of future results. Please consult your tax advisor for further information.
    • Portfolio & Holdings Information

      Portfolio & Holdings Information
      Portfolio characteristic data are based on unaudited net assets.

      Sector, Holding & Characterstics

      Top 10 Holdings

      As of 02/29/24
      • Microsoft Corp
      • NVIDIA Corp
      • US Treasury Note 2.25% MAR 31 24
      • Amazon.com Inc
      • Meta Platforms Inc
      • Alphabet Inc Class A
      • Apple Inc
      • Russell 1000 Value Index Future MAR 15 24*
      • Mini MSCI EAFE Index Future MAR 15 24*
      • Russell 1000 Growth Index Future MAR 15 24*
      Exposures

      Currency Weights (%)

      As of 02/29/24
      • United States Dollar
        68.70
      • Euro
        12.67
      • Swiss Franc
        4.84
      • Japanese Yen
        4.70
      • British Pound Sterling
        4.26
      • Danish Krone
        1.07
      • Hong Kong Dollar
        1.05
      • Canadian Dollar
        0.80
      • Taiwan Dollar
        0.70
      • Indian Rupee
        0.56
      • Singapore Dollar
        0.35
      • South Korean Won
        0.32
      Important Characteristics Information
      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.

    • Fees

      Fees

      • 1.17 % 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 09/30/24

      • 1.27 % 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.

      • - Maximum Sales Charge

        Class I shares are available without a sales charge to eligible investors.

    • Resources

      Resources

      Product Resources

      Fact Sheets are available approximately 15 days after quarter end.


      Quarterly Portfolio Review is available approximately 25 days after quarter end.


      Product Presentation available approximately 25 days after quarter end.


      Quarterly Investment Update available approximately 25 days after quarter end.


      Full Holdings available approximately 19 or 24 days after month end.


      Performance Attribution available approximately 15 or 25 days after month end.

      Product Resources

      Morningstar
      Quick Hypothetical Illustration
      Customizable Hypothetical Illustration
      Product Literature

      Product Literature

      Back to bonds: Why it may be time to make the move.

      Fixed Income public brochure that illustrates why the bond window of opportunity is now open for long-term investors.

      Market Declines: A History of Recoveries

      Flyer showing market declines over time and how recoveries have played out over the long-term.

      Barron's Box Flyer

      Flyer showing MFS' annual rankings from Barron's since 2008

      Monthly Distribution Report

      Monthly Fact Sheet

      2024 Dividend and Capital Gains Schedule

      Demonstrating the Value of MFS: Portfolios for Registered Investment Advisors and Bank Trust Advisors (Class I)

      MFS Portfolios for Registered Investment Advisors and Bank Trust Advisors (Class I)

      MFS Fund Sustainability Ratings

      Sustainability ratings from Morningstar and MSCI for MFS Portfolios

      The Power of Active Management brochure

      Flexible Pricing Options (Broker)

      Investment Professional approved pricing/NAV flyer

      Announcements

      Announcements

      2023 Capital Gain Estimates

      Important Notification: MFS Managed Wealth Fund

      Notice of Bill Adam's retirement.

      MORNINGSTAR RATINGS

      The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/29/24.

      The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

      Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Rankings of other share classes may vary. A high relative ranking does not always mean the fund achieved a positive return during the period.

      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.
      This publication is authorized for distribution only when preceded or accompanied by a prospectus, or summary prospectus, for the portfolio being offered. Consider the fund's investment objectives, risks, charges and expenses. Contact MFS or view online. Read it carefully.
      MFS registered investment products are offered through MFS® Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199.
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