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MFS Mid Cap Growth Fund
mutual fund
OTCIX
Payout Change
Pending
Price as of:
$35.37
-0.08
-0.23%
primary theme
U.S. Mid-Cap Growth Equity
OTCIX (Mutual Fund)
MFS Mid Cap Growth Fund
Payout Change
Pending
Price as of:
$35.37
-0.08
-0.23%
primary theme
U.S. Mid-Cap Growth Equity
OTCIX (Mutual Fund)
MFS Mid Cap Growth Fund
Payout Change
Pending
Price as of:
$35.37
-0.08
-0.23%
primary theme
U.S. Mid-Cap Growth 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
22.6%
1 yr return
28.2%
3 Yr Avg Return
3.1%
5 Yr Avg Return
11.0%
Net Assets
$14.6 B
Holdings in Top 10
25.1%
52 WEEK LOW AND HIGH
$35.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
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
OTCIX - Profile
Distributions
- YTD Total Return 22.6%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 11.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.40%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Mid Cap Growth Fund
-
Fund Family NameMFS Funds
-
Inception DateJul 28, 2000
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Fischman
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in issuers with medium market capitalizations. MFS generally defines medium market capitalization issuers as issuers with market capitalizations similar to those of issuers included in the Russell Midcap® Growth Index over the last 13 months at the time of purchase. As of November 30, 2023, the range of the market capitalizations of the issuers in the Russell Midcap® Growth Index was between approximately $684.3 million and $67.1 billion.
MFS normally invests the fund’s assets primarily 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.
MFS focuses on investing the fund’s assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies).
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.
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.
OTCIX - Performance
Return Ranking - Trailing
| Period | OTCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.6% | 2.3% | 120.3% | 51.74% |
| 1 Yr | 28.2% | 9.9% | 131.3% | 55.23% |
| 3 Yr | 3.1%* | -15.6% | 62.4% | 49.71% |
| 5 Yr | 11.0%* | -1.0% | 104.5% | 54.79% |
| 10 Yr | 12.5%* | 2.6% | 25.8% | 19.51% |
* Annualized
Return Ranking - Calendar
| Period | OTCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.3% | -27.7% | 68.0% | 38.33% |
| 2022 | -28.3% | -85.6% | 52.8% | 35.23% |
| 2021 | 10.2% | -74.9% | 238.3% | 19.56% |
| 2020 | 34.6% | -44.1% | 2474.5% | 27.08% |
| 2019 | 36.7% | -50.2% | 44.0% | 6.02% |
Total Return Ranking - Trailing
| Period | OTCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.6% | 2.3% | 120.3% | 51.74% |
| 1 Yr | 28.2% | 9.9% | 131.3% | 55.23% |
| 3 Yr | 3.1%* | -15.6% | 62.4% | 49.71% |
| 5 Yr | 11.0%* | -1.0% | 104.5% | 54.79% |
| 10 Yr | 12.5%* | 2.6% | 25.8% | 19.51% |
* Annualized
Total Return Ranking - Calendar
| Period | OTCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.3% | -26.1% | 68.0% | 44.16% |
| 2022 | -28.3% | -67.0% | 56.8% | 53.62% |
| 2021 | 14.0% | -23.5% | 342.2% | 42.14% |
| 2020 | 35.7% | 2.6% | 2549.1% | 49.58% |
| 2019 | 37.8% | 14.6% | 44.8% | 22.37% |
NAV & Total Return History
OTCIX - Holdings
Concentration Analysis
| OTCIX | Category Low | Category High | OTCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.6 B | 2.73 M | 100 B | 7.17% |
| Number of Holdings | 91 | 24 | 3569 | 31.20% |
| Net Assets in Top 10 | 3.69 B | 670 K | 11.3 B | 9.88% |
| Weighting of Top 10 | 25.05% | 4.5% | 97.8% | 50.00% |
Top 10 Holdings
- Monolithic Power Systems, Inc. 3.50%
- Howmet Aerospace, Inc. 3.37%
- MFS Institutional Money Market Portfolio, Class A 2.86%
- Take-Two Interactive Software, Inc. 2.25%
- Bright Horizons Family Solutions, Inc. 2.24%
- Verisk Analytics, Inc. 2.21%
- MSCI, Inc. 2.18%
- Tyler Technologies, Inc. 2.16%
- Gartner, Inc. 2.15%
- Spotify Technology SA 2.14%
Asset Allocation
| Weighting | Return Low | Return High | OTCIX % Rank | |
|---|---|---|---|---|
| Stocks | 97.09% | 58.72% | 103.99% | 76.16% |
| Cash | 2.91% | 0.00% | 28.07% | 25.39% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 39.34% |
| Other | 0.00% | -0.11% | 14.45% | 51.55% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 31.20% |
| Bonds | 0.00% | 0.00% | 2.73% | 37.60% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OTCIX % Rank | |
|---|---|---|---|---|
| Technology | 24.70% | 0.04% | 62.17% | 76.16% |
| Healthcare | 19.71% | 0.00% | 37.06% | 30.62% |
| Consumer Cyclical | 18.94% | 0.00% | 57.41% | 7.56% |
| Industrials | 15.58% | 0.00% | 38.23% | 40.70% |
| Financial Services | 9.72% | 0.00% | 43.01% | 33.33% |
| Real Estate | 4.28% | 0.00% | 19.28% | 22.87% |
| Communication Services | 4.16% | 0.00% | 18.33% | 25.97% |
| Basic Materials | 1.95% | 0.00% | 17.25% | 56.40% |
| Consumer Defense | 0.97% | 0.00% | 16.40% | 70.54% |
| Utilities | 0.00% | 0.00% | 12.94% | 47.67% |
| Energy | 0.00% | 0.00% | 62.10% | 74.61% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OTCIX % Rank | |
|---|---|---|---|---|
| US | 91.03% | 46.79% | 103.99% | 90.70% |
| Non US | 6.06% | 0.00% | 34.12% | 9.69% |
OTCIX - Expenses
Operational Fees
| OTCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.02% | 17.54% | 78.88% |
| Management Fee | 0.64% | 0.00% | 1.50% | 30.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| OTCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| OTCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| OTCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 0.00% | 250.31% | 25.38% |
OTCIX - Distributions
Dividend Yield Analysis
| OTCIX | Category Low | Category High | OTCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 45.74% |
Dividend Distribution Analysis
| OTCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| OTCIX | Category Low | Category High | OTCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.40% | -2.24% | 2.75% | 31.89% |
Capital Gain Distribution Analysis
| OTCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 09, 2021 | $1.125 | CapitalGainLongTerm |
| Dec 10, 2020 | $0.235 | CapitalGainLongTerm |
| Dec 12, 2019 | $0.182 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.725 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.354 | CapitalGainShortTerm |
| Dec 14, 2017 | $1.052 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.784 | CapitalGainLongTerm |
| Dec 15, 2015 | $0.398 | CapitalGainLongTerm |
| Dec 17, 2014 | $0.979 | CapitalGainLongTerm |
| Feb 01, 2002 | $0.174 | CapitalGainShortTerm |
| Feb 01, 2002 | $0.000 | CapitalGainLongTerm |
| Dec 05, 2000 | $2.584 | CapitalGainShortTerm |
| Dec 05, 2000 | $0.193 | CapitalGainLongTerm |
| Dec 13, 1999 | $1.211 | CapitalGainShortTerm |
| Dec 13, 1999 | $0.483 | CapitalGainLongTerm |
| Dec 10, 1998 | $0.397 | CapitalGainShortTerm |
| Dec 10, 1998 | $0.966 | CapitalGainLongTerm |
OTCIX - Fund Manager Analysis
Managers
Eric Fischman
Start Date
Tenure
Tenure Rank
Nov 20, 2008
13.53
13.5%
Eric B. Fischman, is an investment officer and portfolio manager at MFS Investment Management® since Novembwe 2019. Eric joined MFS as an equity research analyst in 2000 and was named portfolio manager in 2002. Prior to joining MFS he served as an equity research analyst at State Street Research and he was a staff attorney at the Federal Reserve Board in Washington, D.C. He earned an MBA from Columbia Business School, a Juris Doctorate degree from Boston University School of Law, and a Bachelor of Arts degree from Cornell University. He also holds the Certified Financial Analyst designation.
Paul Gordon
Start Date
Tenure
Tenure Rank
May 26, 2011
11.02
11.0%
Paul J. Gordon - Investment Officer - Equity Portfolio Manager - As an Equity Portfolio Manager, responsible for buy and sell decisions, portfolio construction, risk control and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2004 - Previous experience includes 3 years as Equity Research Associate at Fidelity Investments Management and Research Co. - Babson College, BS, cum laude
Eric Braz
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Eric J. Braz, CFA - Investment Officer - Equity Portfolio Manager - Joined MFS in 2007; previous positions include Equity Research Analyst. - Previous experience includes 3 years as Consultant at Bates and White, LLC. - Additional MFS experience includes participation in MFS' Summer MBA Internship Program in 2006. - Affiliations include CFA Institute, CFA Society of Boston - University of Chicago, Master of Business Administration, Robert Toigo Foundation Fellow - Pennsylvania State University, BS
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |
