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Look at These 3 MFS Mutual Funds

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Founded in 1924, MFS had nearly $485 billion in assets under management as of Sep 30, 2018. MFS deals in more than 60 portfolios, which invest in both domestic and global stocks as well as in fixed-income debt securities. The company focuses on providing a wide variety of financial products and services to fulfill the needs of investors.

MFS is headquartered in Boston, MA and has investment offices in Hong Kong, Sao Paulo, Singapore, Toronto, London, Mexico City, Sydney and Tokyo. The company has 1,900 employees dedicated to address clients' needs. Its investment approach includes integrated study, international cooperation and effective risk management.

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.

MFS Mid Cap Growth A (OTCAX - Free Report) 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 over the last 13 months. MFS Mid Cap Growth A has three-year annualized returns of 18.1%.

As of September 2018, OTCAX held 104 issues with 3.12% of its assets invested in Bright Horizons Family Solutions Inc.

MFS Municipal Income A1 (MMIDX - Free Report) invests the bulk of its assets in municipal securities that are believed to provide interest income free from federal income tax. MMIDX seeks returns 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. MFS Municipal Income A1 has three-year annualized returns of 3.1%.

Jason Kosty is one of the portfolio managers of MMIDX since 2015.

MFS Research A (MFRFX - Free Report) generally invests in common stocks of companies that are expected to have long-term growth prospects. MFRFX seeks appreciation of capital. MFS Research A has three-year annualized returns of 16.5%.

MFRFX has an expense ratio of only 0.82% compared with the category average of 0.95%.

To view the Zacks Rank and past performance of all MFS mutual funds, investors can click here to see the complete list of MFS funds.

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