Renowned global asset manager MFS aims to provide a wide variety of financial products and services to fulfill the needs of investors as well as 10,000 investment professionals. Based on assets raised in the country or region, the company manages worth over $424.5 billion (as of October 31, 2016).
The company has 1,700 employees dedicated to address clients' needs. MFS deals in more than 60 portfolios investing in not only domestic and global stocks, but also in fixed-income securities. It has investment offices in Boston, Hong Kong, São Paulo, Singapore, Toronto, London, Mexico City, Sydney and Tokyo. The company was founded in 1924 and is headquartered in Boston, MA.
Below we share with you four top-rated MFS mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of MFS funds.
MFS Mid Cap Growth Fund A (MUTF:OTCAX) seeks growth of capital. A large chunk of OTCAX's assets is invested in issuers having medium market capitalization. These issuers have market cap identical to the ones listed on the Russell Midcap Growth Index for the previous 13 months. The fund has a year-to-date return of 2.5%.
OTCAX has an expense ratio of 1.22% as compared to the category average of 1.30%.
MFS Municipal Income Fund A1 (MUTF:MMIDX) invests the bulk of its assets in municipal securities that are believed to provide interest income free from federal income tax. It seeks return through tax-free income and growth of capital. The fund may invest more than one-fourth of its assets in those municipal instruments that are related to education, healthcare, utilities and housing. MMIDX has a year-to-date return of 3.1%.
Jason Kosty has been one of the portfolio managers of MMIDX since 2015.
MFS Corporate Bond Fund Retirement (MUTF:MFBJX) seeks appreciation of income and capital. The fund invests the majority of its assets in corporate debt securities. It may also invest in government bonds and below investment-grade debt securities. MFBJX has a year-to-date return of 6.5%.
The fund has an expense ratio of 0.57% as compared to the category average of 0.76%.
MFS Research Fund A (MUTF:MFRFX) generally invests in common stocks of companies that are expected to have long-term growth prospects. It seeks appreciation of capital. The fund has a year-to-date return of 6.7%.
As of September 2016, MFRFX held 125 issues, with 2.40% of its assets invested in Alphabet Inc. A (NASDAQ:GOOGL).