MFS® Value Fund

Fund Overview

Objective

Seeks capital appreciation.

Key Differentiators

  • Traditional value fund investing large cap, high-quality companies
  • Seeks undervalued, high-quality companies with characteristics such as low price-to-earnings ratios or high dividend yields
  • Our valuation approach is flexible, but we place a strong emphasis on cash flow and returns-based methodologies.

Managers

Fund Information

MEIAXSYMBOL
$35.40 DAILY NAV AS OF 7/28/15
$35.1 B NET ASSETS AS OF 6/30/15
Fund Commencement
1/2/96
Class Inception
1/2/96
Net Assets ($M)
As of 6/30/15
$35,186.09
Maximum Sales Charge
5.75%
Net Asset Value (NAV)
As of 7/28/15
$35.40
NAV Change
$ 0.41  | 1.17%
Fiscal Year End
AUGUST
Fund Number
93
Gross Expense ratio
0.90 %
Net Expense ratio
0.88 %

Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

Net Expense Ratio reflects the reduction of expenses from fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance. These reductions will continue until at least December 31, 2015.

Top 10 Holdings Details

As of 6/30/15

JPMorgan Chase & Co
Wells Fargo & Co
Johnson & Johnson
Philip Morris International Inc
Pfizer Inc
Accenture PLC
Honeywell International Inc
Goldman Sachs Group Inc
CVS Health Corp
United Technologies Corp

28.07% of total net assets

Total number of holdings: 94

Full and Historical Holdings

The portfolio is actively managed, and current holdings may be different.

Average Annual Total Returns % Details

These results represent the percent change in net asset value.

As of 6/30/15 (YTD Updated Daily, as of 7/27/15) As of 6/30/15
 

*YTD Updated Daily as of 7/27/15, 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.

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™ Details

As of 6/30/15

MORNINGSTAR CATEGORY:

Large Value

 

Overall

Out of   1185   funds

3 Yr.

Out of   1185   funds

5 Yr.

Out of   1045   funds

10 Yr.

Out of   734   funds

Morningstar ratings are based on risk adjusted performance.

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 A shares ("A") results include the maximum sales charge.

Important Risk Considerations

  • The fund may not achieve its objective and/or you could lose money on your investment in the fund.

  • Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical, and other conditions.

  • Investments in value companies can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.

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

Product Insights

Morningstar Disclosure

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Each fund is rated exclusively against U.S. domiciled funds. The Overall Morningstar Rating™ is based on the weighted average of the number of stars assigned to the fund's applicable time periods. In cases where the fund has changed investment categories, its historical information is given less weight. If the fund has been in existence at least 10 years, the 10-year rating accounts for 50%, the 5-year for 30%, and the 3-year for 20%. If the fund has been in existence at least 5 years, but less than 10 years, the 5-year rating accounts for 60% and the 3-year for 40%. If the fund has been in existence for 3 years, but less than 5 years, the 3-year rating accounts for 100%.

Morningstar rankings may vary among share classes and are based on historical total returns, which are not indicative of future results.

Load-waived (LW) Class A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan.) Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load.

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.