INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Emphasis placed on higher durable earnings growth and stock valuations not reflected in long term growth prospects
Focus on 'out year' earnings power through seeking companies whose rate and/or duration of growth is higher than the overall market, companies with pricing power, and companies of high-quality and durable growth
Growth portfolio that looks for companies best positioned for growth several years in the future
Strategy Information
- Strategy Commencement 08/01/95
-
Benchmark
Russell 1000 Growth Index measures large-cap U.S. growth stocks.Russell 1000® Growth Index
MANAGERS
Top 10 Holdings
- Microsoft Corp
- NVIDIA Corp
- Amazon.com Inc
- Alphabet Inc Class A
- Meta Platforms Inc
- Mastercard Inc
- Eli Lilly & Co
- Visa Inc
- Apple Inc
- ASML Holding NV
Important Risk Considerations
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, and other conditions.
Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Eric Fischman, CFA
Portfolio Manager
Eric B. Fischman, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. He also participates in the research process and strategy discussions. Eric joined MFS as an equity research analyst in 2000 and was named portfolio manager in 2002. Prior to joining the firm he served as an equity research analyst at State Street Research and as a staff attorney at the US Federal Reserve Board in Washington, D.C. Eric earned a Master of Business Administration degree from Columbia Business School, a law degree from Boston University School of Law and a bachelor's degree from Cornell University. He holds the Certified Financial Analyst (CFA) designation.
Bradford Mak
Portfolio Manager
Bradford J. Mak is an investment officer and equity portfolio manager for the US Growth and Global Strategic Equity strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. Brad joined MFS in 2010 as an equity research analyst, served as the US technology sector team leader from 2016 through 2019 and assumed his current role in 2020. He previously was an investment research analyst for two years at Kingsbrook Partners LP, a spinout of Highbridge Capital Management, where he covered small-cap companies as a generalist. He also spent two years as an investment research analyst at Highbridge, three years as a private equity associate in the health care group at Paul Capital Partners and two years as a strategic planning manager at Genentech, Inc. He has worked in the financial services industry since 2003. Brad has a Bachelor of Arts degree with honors from Brown University and was the recipient of its Royce Fellowship. He earned his Master of Business Administration degree from Harvard University.
Jonathan Sage, CFA
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.
Laura Granger, CFA
Institutional Portfolio Manager
Laura Granger, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In her role, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. She also communicates investment policy, strategy and positioning. Laura joined MFS in 2022. She previously worked for eight years as vice president and senior client portfolio manager at American Century Investments. Prior to that she worked for 17 years as a portfolio manager and analyst at multiple investment firms, including Oppenheimer Funds, Fortis Advisors and General Motors Investment Management. She began her career in financial services in 1984. Laura earned a Bachelor of Science degree from Cornell University. She also holds the chartered financial analyst (CFA) designation.
Performance
Average Annual Total Returns (%)
Important Performance Information
Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.
Total gross of fee returns include both capital appreciation and reinvestment of income but exclude custody fees.
It is not possible to invest directly in an index. Index performance will differ from our actively managed strategies, which may involve a higher degree of risk.
Annual Rate of Return (%)
Benchmark: Russell 1000® Growth Index| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross of Fees | 10.71 | 9.40 | 3.03 | 32.78 | 4.50 | 39.12 | 29.69 | 25.20 | -30.18 | 36.79 |
| Net of Fees | 7.46 | 6.18 | -0.01 | 28.94 | 1.42 | 35.11 | 25.92 | 21.56 | -32.31 | 32.84 |
| Russell 1000® Growth Index | 13.05 | 5.67 | 7.08 | 30.21 | -1.51 | 36.39 | 38.49 | 27.60 | -29.14 | 42.68 |
| at NAV | Russell 1000® Growth Index | |
|---|---|---|
| 2023 | 36.79 | 42.68 |
| 2022 | -30.18 | -29.14 |
| 2021 | 25.2 | 27.6 |
| 2020 | 29.69 | 38.49 |
| 2019 | 39.12 | 36.39 |
| 2018 | 4.5 | -1.51 |
| 2017 | 32.78 | 30.21 |
| 2016 | 3.03 | 7.08 |
| 2015 | 9.4 | 5.67 |
| 2014 | 10.71 | 13.05 |
Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Emphasis placed on higher durable earnings growth and stock valuations not reflected in long term growth prospects
Focus on 'out year' earnings power through seeking companies whose rate and/or duration of growth is higher than the overall market, companies with pricing power, and companies of high-quality and durable growth
Growth portfolio that looks for companies best positioned for growth several years in the future
Strategy Information
- Strategy Commencement 08/01/95
-
Benchmark
Russell 1000 Growth Index measures large-cap U.S. growth stocks.Russell 1000® Growth Index
MANAGERS
Top 10 Holdings
As of 04/30/24- Microsoft Corp
- NVIDIA Corp
- Amazon.com Inc
- Alphabet Inc Class A
- Meta Platforms Inc
- Mastercard Inc
- Eli Lilly & Co
- Visa Inc
- Apple Inc
- ASML Holding NV
Important Risk Considerations
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, and other conditions.
Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Eric Fischman, CFA
Portfolio Manager
33YEARS WITH INDUSTRY
16YEARS WITH PORTFOLIOEric B. Fischman, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. He also participates in the research process and strategy discussions. Eric joined MFS as an equity research analyst in 2000 and was named portfolio manager in 2002. Prior to joining the firm he served as an equity research analyst at State Street Research and as a staff attorney at the US Federal Reserve Board in Washington, D.C. Eric earned a Master of Business Administration degree from Columbia Business School, a law degree from Boston University School of Law and a bachelor's degree from Cornell University. He holds the Certified Financial Analyst (CFA) designation.
Bradford Mak
Portfolio Manager
19YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOBradford J. Mak is an investment officer and equity portfolio manager for the US Growth and Global Strategic Equity strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. Brad joined MFS in 2010 as an equity research analyst, served as the US technology sector team leader from 2016 through 2019 and assumed his current role in 2020. He previously was an investment research analyst for two years at Kingsbrook Partners LP, a spinout of Highbridge Capital Management, where he covered small-cap companies as a generalist. He also spent two years as an investment research analyst at Highbridge, three years as a private equity associate in the health care group at Paul Capital Partners and two years as a strategic planning manager at Genentech, Inc. He has worked in the financial services industry since 2003. Brad has a Bachelor of Arts degree with honors from Brown University and was the recipient of its Royce Fellowship. He earned his Master of Business Administration degree from Harvard University.
Jonathan Sage, CFA
Portfolio Manager
29YEARS WITH INDUSTRY
16YEARS 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.
Laura Granger, CFA
Institutional Portfolio Manager
33YEARS WITH INDUSTRY
2YEARS WITH PORTFOLIOLaura Granger, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In her role, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. She also communicates investment policy, strategy and positioning. Laura joined MFS in 2022. She previously worked for eight years as vice president and senior client portfolio manager at American Century Investments. Prior to that she worked for 17 years as a portfolio manager and analyst at multiple investment firms, including Oppenheimer Funds, Fortis Advisors and General Motors Investment Management. She began her career in financial services in 1984. Laura earned a Bachelor of Science degree from Cornell University. She also holds the chartered financial analyst (CFA) designation.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 03/31/24 (*YTD Updated Monthly, As of 04/30/24 , subject to revision and not annualized.)Important Performance Information
Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.
Total gross of fee returns include both capital appreciation and reinvestment of income but exclude custody fees.
It is not possible to invest directly in an index. Index performance will differ from our actively managed strategies, which may involve a higher degree of risk.
Annual Rate of ReturnAnnual Rate of Return (%)
Benchmark: Russell 1000® Growth Indexannual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Gross of Fees 10.71 9.40 3.03 32.78 4.50 39.12 29.69 25.20 -30.18 36.79 Net of Fees 7.46 6.18 -0.01 28.94 1.42 35.11 25.92 21.56 -32.31 32.84 Russell 1000® Growth Index 13.05 5.67 7.08 30.21 -1.51 36.39 38.49 27.60 -29.14 42.68 at NAV Russell 1000® Growth Index 2023 36.79 42.68 2022 -30.18 -29.14 2021 25.2 27.6 2020 29.69 38.49 2019 39.12 36.39 2018 4.5 -1.51 2017 32.78 30.21 2016 3.03 7.08 2015 9.4 5.67 2014 10.71 13.05 Past performance is no guarantee of future results.
Net numbers assume a maximum wrap fee of 3% annually.