Fund Description

The fund primarily invests in equity securities, including common stocks and depositary receipts, representing ownership interests in various companies. The investment adviser, MFS, employs a flexible approach to investment style, choosing between growth companies, that exhibit above-average earnings growth potential, value companies, which are considered undervalued, or a combination of both. While the fund generally focuses on large capitalization stocks, it is not limited by company size and may invest in foreign securities as well. MFS typically diversifies investments across multiple industries and sectors but may allocate a significant portion to a single industry. An active bottom-up investment strategy, grounded in fundamental analysis, guides the selection process for investments.