MFS Technology Fund Class I (MTCIX)
| Fund Assets | 1.99B |
| Expense Ratio | 0.88% |
| Min. Investment | $0.00 |
| Turnover | 37.00% |
| Dividend (ttm) | 9.53 |
| Dividend Yield | 12.74% |
| Dividend Growth | 67.86% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 73.92 |
| YTD Return | 4.37% |
| 1-Year Return | 25.75% |
| 5-Year Return | 122.88% |
| 52-Week Low | 55.58 |
| 52-Week High | 83.94 |
| Beta (5Y) | n/a |
| Holdings | 59 |
| Inception Date | Jan 2, 1997 |
About MTCIX
MFS Technology Fund Class I is a mutual fund that primarily seeks capital appreciation through focused investments in technology-related companies. Managed by MFS Investment Management since its inception in 1997, the fund employs an all-cap approach, selecting stocks across different market capitalizations. Its portfolio balances high-quality durable growth companies, emerging growth opportunities, and firms experiencing positive structural change. The strategy leverages bottom-up stock selection, thoroughly analyzing individual companies to identify attractive technology investment opportunities globally, with a strong emphasis on U.S.-based firms. MFS Technology Fund Class I typically invests at least 80% of its net assets in equity securities of issuers that are principally engaged in technology-driven products, processes, or services. The fund’s portfolio is heavily weighted toward the information technology and communication services sectors, with significant holdings in industry leaders such as Meta Platforms, Alphabet, NVIDIA, Microsoft, and Apple. The fund is benchmarked against the S&P North American Technology Sector Index and is designed for investors seeking targeted exposure to innovation and growth in the technology sector, offering a diversified technology-focused investment solution backed by rigorous fundamental research and a seasoned management team.
Performance
MTCIX had a total return of 25.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIKGX | Fidelity | Fidelity Advisor Semiconductors Fund - Class Z | 0.62% |
| FATIX | Fidelity | Fidelity Advisor Technology Fund - Class I | 0.72% |
| FELTX | Fidelity | Fidelity Advisor Semiconductors Fund - Class M | 1.25% |
| FTHCX | Fidelity | Fidelity Advisor Technology Fund - Class C | 1.75% |
| FBSOX | Fidelity | Fidelity Select Enterprise Technology Services Portfolio | 0.66% |
Top 10 Holdings
53.09% of assets| Name | Symbol | Weight |
|---|---|---|
| Meta Platforms, Inc. | META | 10.74% |
| Alphabet Inc. | GOOGL | 7.90% |
| Microsoft Corporation | MSFT | 7.75% |
| Apple Inc. | AAPL | 6.64% |
| NVIDIA Corporation | NVDA | 4.71% |
| Broadcom Inc. | AVGO | 4.30% |
| International Business Machines Corporation | IBM | 3.59% |
| Accenture plc | ACN | 2.60% |
| ServiceNow, Inc. | NOW | 2.51% |
| Shopify Inc. | SHOP | 2.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $9.53232 | Dec 18, 2024 |
| Dec 12, 2023 | $5.67885 | Dec 13, 2023 |
| Dec 6, 2022 | $4.33632 | Dec 7, 2022 |
| Dec 7, 2021 | $8.34757 | Dec 8, 2021 |
| Dec 8, 2020 | $3.51261 | Dec 9, 2020 |
| Dec 10, 2019 | $0.98289 | Dec 10, 2019 |