MFS Massachusetts Investors Growth Stock Fund Class I (MGTIX)
Fund Assets | 11.75B |
Expense Ratio | 0.46% |
Min. Investment | $1,000 |
Turnover | 19.00% |
Dividend (ttm) | 3.72 |
Dividend Yield | 8.27% |
Dividend Growth | 117.55% |
Payout Frequency | Semi-Annual |
Ex-Dividend Date | Dec 19, 2024 |
Previous Close | 45.05 |
YTD Return | 2.65% |
1-Year Return | 15.09% |
5-Year Return | 108.65% |
52-Week Low | 37.38 |
52-Week High | 49.62 |
Beta (5Y) | n/a |
Holdings | 58 |
Inception Date | Jan 2, 1997 |
About MGTIX
MFS Massachusetts Investors Growth Stock Fund Class I is a mutual fund focused on large-cap growth equities. Its primary objective is capital appreciation by investing at least 80% of its assets in stocks, mainly common or convertible securities of U.S. companies with strong prospects for long-term growth. The fund emphasizes high-quality businesses with durable competitive advantages, relying on a patient, valuation-disciplined, and occasionally contrarian investment approach. Sector exposure is concentrated in technology, financial services, communication services, healthcare, and consumer defensive industries, with notable holdings including Microsoft, Apple, and NVIDIA. Managed by MFS since its inception, the fund benchmarks its performance against the Russell 1000 Growth Index, positioning itself as a core holding for those seeking exposure to established and innovative U.S. growth companies. With assets exceeding $11 billion, the fund plays a significant role in the large-cap growth segment, aiming to deliver solid long-term returns through careful stock selection and risk management.
Performance
MGTIX had a total return of 15.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.60%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Symbol | Provider | Name | Expense Ratio |
---|---|---|---|
FLGEX | Fidelity | Fidelity Large Cap Growth Enhanced Index Fund | 0.39% |
FBCGX | Fidelity | Fidelity Blue Chip Growth K6 Fund | 0.46% |
FHOFX | Fidelity | Fidelity Series Large Cap Growth Index Fund | n/a |
FBGRX | Fidelity | Fidelity Blue Chip Growth Fund | 0.69% |
FBGKX | Fidelity | Fidelity Blue Chip Growth Fund - Class K | 0.59% |
Top 10 Holdings
42.87% of assetsName | Symbol | Weight |
---|---|---|
Microsoft Corporation | MSFT | 13.43% |
Apple Inc. | AAPL | 5.27% |
NVIDIA Corporation | NVDA | 4.75% |
Visa Inc. | V | 4.27% |
Accenture plc | ACN | 3.23% |
Salesforce, Inc. | CRM | 2.51% |
Church & Dwight Co., Inc. | CHD | 2.44% |
TransUnion | TRU | 2.39% |
CMS Energy Corporation | CMS | 2.34% |
American Tower Corporation | AMT | 2.26% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Dec 19, 2024 | $3.71015 | Dec 20, 2024 |
Jul 31, 2024 | $0.01463 | Aug 1, 2024 |
Dec 21, 2023 | $1.71211 | Dec 22, 2023 |
Dec 13, 2022 | $1.52106 | Dec 14, 2022 |
Jul 29, 2022 | $0.05628 | Aug 1, 2022 |
Dec 14, 2021 | $3.86721 | Dec 15, 2021 |