Fund Description

The fund's investment adviser, MFS (Massachusetts Financial Services Company), typically allocates at least 80% of its net assets to value companies, which are perceived as undervalued in the marketplace. MFS evaluates potential investments based on criteria such as index inclusion, independent classifications, and various financial metrics, including price-to-book and price-to-earnings ratios, alongside dividend yield. Primarily focused on equity securities???such as common stocks and depositary receipts???the fund favors large-cap companies but may also invest in foreign securities. The investment strategy employs an active bottom-up approach, based on fundamental analysis, supplemented by quantitative screening tools.