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MFS Core Equity Fund
mutual fund
MRGAX
Payout Change
Pending
Price as of:
$57.05
+0.1
+0.18%
primary theme
U.S. Large-Cap Blend Equity
MRGAX (Mutual Fund)
MFS Core Equity Fund
Payout Change
Pending
Price as of:
$57.05
+0.1
+0.18%
primary theme
U.S. Large-Cap Blend Equity
MRGAX (Mutual Fund)
MFS Core Equity Fund
Payout Change
Pending
Price as of:
$57.05
+0.1
+0.18%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
25.5%
1 yr return
31.0%
3 Yr Avg Return
8.9%
5 Yr Avg Return
14.8%
Net Assets
$6.73 B
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
$57.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MRGAX - Profile
Distributions
- YTD Total Return 25.5%
- 3 Yr Annualized Total Return 8.9%
- 5 Yr Annualized Total Return 14.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.22%
- Dividend Yield 0.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Core Equity Fund
-
Fund Family NameMFS Funds
-
Inception DateApr 21, 1997
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph MacDougall
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in equity securities.
Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.
In selecting investments for the fund, MFS is not constrained by any particular investment style. MFS may invest the fund’s assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies.
MFS may invest the fund’s assets in securities of companies of any size.
MFS may invest the fund’s assets in foreign securities.
MFS normally invests the fund’s assets across different industries and sectors, but MFS may invest a significant percentage of the fund’s assets in issuers in a single industry or sector.
A team of investment research analysts selects investments for the fund. MFS generally expects the fund’s exposure to broad industry categories to approximate the exposure of the Russell 3000® Index to these broad industry categories using MFS’ custom industry categories to classify the fund and the Russell 3000® Index’s holdings.
MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual issuers. Quantitative screening tools that systematically evaluate issuers may also be considered.
For purposes of the fund’s 80% policy, net assets include the amount of any borrowings for investment purposes.
MRGAX - Performance
Return Ranking - Trailing
| Period | MRGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.5% | -25.4% | 48.4% | 55.40% |
| 1 Yr | 31.0% | -1.5% | 58.3% | 54.00% |
| 3 Yr | 8.9%* | -5.8% | 19.4% | 56.71% |
| 5 Yr | 14.8%* | -7.6% | 110.8% | 43.74% |
| 10 Yr | 13.1%* | -0.1% | 53.0% | 22.40% |
* Annualized
Return Ranking - Calendar
| Period | MRGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.7% | -42.6% | 47.4% | 45.04% |
| 2022 | -20.2% | -56.3% | -4.2% | 36.52% |
| 2021 | 16.5% | -27.2% | 537.8% | 54.10% |
| 2020 | 16.7% | -22.5% | 2181.7% | 23.71% |
| 2019 | 30.3% | -13.5% | 40.4% | 8.29% |
Total Return Ranking - Trailing
| Period | MRGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.5% | -25.4% | 48.4% | 55.40% |
| 1 Yr | 31.0% | -1.5% | 58.3% | 54.00% |
| 3 Yr | 8.9%* | -5.8% | 19.4% | 56.71% |
| 5 Yr | 14.8%* | -7.6% | 110.8% | 43.74% |
| 10 Yr | 13.1%* | -0.1% | 53.0% | 22.40% |
* Annualized
Total Return Ranking - Calendar
| Period | MRGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.9% | -5.0% | 47.4% | 58.43% |
| 2022 | -17.2% | -36.8% | -2.2% | 41.10% |
| 2021 | 25.1% | 3.0% | 537.8% | 68.89% |
| 2020 | 18.6% | -15.8% | 2266.0% | 34.06% |
| 2019 | 32.7% | -0.4% | 241.3% | 11.80% |
NAV & Total Return History
MRGAX - Holdings
Concentration Analysis
| MRGAX | Category Low | Category High | MRGAX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.73 B | 2.34 M | 1.55 T | 22.90% |
| Number of Holdings | 186 | 2 | 3963 | 37.15% |
| Net Assets in Top 10 | 2.17 B | 880 K | 525 B | 26.44% |
| Weighting of Top 10 | 31.06% | 0.3% | 111.6% | 80.98% |
Top 10 Holdings
- Microsoft Corp 6.93%
- Amazon.com Inc 4.23%
- NVIDIA Corp 4.19%
- Alphabet Inc 3.44%
- Apple Inc 3.19%
- Meta Platforms Inc 2.26%
- JPMorgan Chase Co 1.82%
- Johnson Johnson 1.70%
- Exxon Mobil Corp 1.66%
- Visa Inc 1.63%
Asset Allocation
| Weighting | Return Low | Return High | MRGAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.32% | 0.00% | 105.79% | 39.29% |
| Cash | 0.68% | 0.00% | 99.07% | 59.06% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 76.61% |
| Other | 0.00% | -13.91% | 100.00% | 83.11% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 76.20% |
| Bonds | 0.00% | 0.00% | 93.85% | 77.76% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MRGAX % Rank | |
|---|---|---|---|---|
| Technology | 26.67% | 0.00% | 48.94% | 16.36% |
| Healthcare | 15.04% | 0.00% | 52.29% | 35.40% |
| Financial Services | 12.90% | 0.00% | 55.59% | 72.82% |
| Consumer Cyclical | 9.51% | 0.00% | 30.33% | 67.37% |
| Industrials | 8.79% | 0.00% | 29.90% | 54.28% |
| Communication Services | 7.35% | 0.00% | 27.94% | 66.95% |
| Consumer Defense | 6.68% | 0.00% | 47.71% | 55.37% |
| Energy | 3.91% | 0.00% | 41.64% | 56.29% |
| Real Estate | 3.61% | 0.00% | 31.91% | 21.81% |
| Utilities | 2.96% | 0.00% | 20.91% | 31.71% |
| Basic Materials | 2.58% | 0.00% | 25.70% | 48.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MRGAX % Rank | |
|---|---|---|---|---|
| US | 99.32% | 0.00% | 105.79% | 32.37% |
| Non US | 0.00% | 0.00% | 63.83% | 79.24% |
MRGAX - Expenses
Operational Fees
| MRGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.92% | 0.01% | 19.75% | 40.71% |
| Management Fee | 0.53% | 0.00% | 1.90% | 53.39% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.04% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| MRGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 1.00% | 5.75% | 33.09% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MRGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MRGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 0.00% | 268.00% | 68.91% |
MRGAX - Distributions
Dividend Yield Analysis
| MRGAX | Category Low | Category High | MRGAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.52% | 0.00% | 25.47% | 75.23% |
Dividend Distribution Analysis
| MRGAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MRGAX | Category Low | Category High | MRGAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.22% | -54.00% | 2.44% | 76.01% |
Capital Gain Distribution Analysis
| MRGAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2023 | $0.294 | OrdinaryDividend |
| Dec 12, 2023 | $0.858 | CapitalGainLongTerm |
| Dec 06, 2022 | $0.148 | OrdinaryDividend |
| Dec 06, 2022 | $1.304 | CapitalGainLongTerm |
| Dec 07, 2021 | $0.075 | OrdinaryDividend |
| Dec 07, 2021 | $1.352 | CapitalGainShortTerm |
| Dec 07, 2021 | $2.036 | CapitalGainLongTerm |
| Dec 08, 2020 | $0.627 | OrdinaryDividend |
| Dec 10, 2019 | $0.150 | OrdinaryDividend |
| Dec 10, 2019 | $0.047 | CapitalGainShortTerm |
| Dec 10, 2019 | $0.438 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.217 | CapitalGainShortTerm |
| Dec 11, 2018 | $2.599 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.161 | OrdinaryDividend |
| Dec 12, 2017 | $0.952 | CapitalGainShortTerm |
| Dec 12, 2017 | $0.988 | CapitalGainLongTerm |
| Dec 12, 2017 | $0.166 | OrdinaryDividend |
| Dec 13, 2016 | $0.810 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.159 | OrdinaryDividend |
| Dec 11, 2015 | $0.558 | CapitalGainShortTerm |
| Dec 11, 2015 | $2.034 | CapitalGainLongTerm |
| Dec 11, 2015 | $0.138 | OrdinaryDividend |
| Dec 12, 2014 | $0.795 | CapitalGainShortTerm |
| Dec 12, 2014 | $1.354 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.126 | OrdinaryDividend |
| Dec 11, 2013 | $0.168 | OrdinaryDividend |
| Dec 12, 2012 | $0.108 | OrdinaryDividend |
| Dec 09, 2011 | $0.103 | OrdinaryDividend |
| Dec 10, 2010 | $0.109 | OrdinaryDividend |
| Dec 11, 2009 | $0.122 | OrdinaryDividend |
| Dec 12, 2008 | $0.085 | OrdinaryDividend |
| Dec 12, 2007 | $0.276 | CapitalGainShortTerm |
| Dec 12, 2007 | $1.188 | CapitalGainLongTerm |
| Dec 13, 2006 | $0.431 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.954 | CapitalGainLongTerm |
| Dec 09, 2005 | $0.803 | CapitalGainLongTerm |
| Feb 01, 2002 | $0.261 | CapitalGainLongTerm |
| Dec 13, 1999 | $1.334 | CapitalGainLongTerm |
| Dec 11, 1998 | $0.014 | OrdinaryDividend |
| Dec 10, 1998 | $0.435 | CapitalGainShortTerm |
| Dec 10, 1998 | $0.182 | CapitalGainLongTerm |
| Dec 24, 1997 | $0.540 | CapitalGainShortTerm |
| Dec 24, 1997 | $0.005 | CapitalGainLongTerm |
MRGAX - Fund Manager Analysis
Managers
Joseph MacDougall
Start Date
Tenure
Tenure Rank
May 01, 2008
14.09
14.1%
Joseph G. MacDougall, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®), working directly on the firm's value and core equity portfolios. In addition, he serves as portfolio manager on the firm's U.S. research portfolios, providing general oversight of analyst-led portfolios. Joe joined MFS in 2000 and was named institutional portfolio manager in 2005. Prior to joining MFS, he was an investment analyst at UAM Investment Services and also served as the director of managed accounts and a senior financial analyst at New England Securities. Joe began working in the investment industry in 1995. He earned a Bachelor of Science degree in Finance from Boston College and a Master of Business Administration degree from Boston University. He holds Series 7 and 63 certifications from the Financial Industry Regulatory Authority (FINRA) and is a Chartered Financial Analyst (CFA) and a member of the Boston Security Analysts Society.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
