MFS Total Return A (MSFRX) a Zacks Rank #2 (Buy) was incepted in October 1970 and is managed by Massachusetts Financial Services Company. The main investment objective of MSFRX is to provide above-average income consistent with the prudent employment of capital. MSFRX is a ''balanced fund,'' and invests in a combination of equity and fixed income securities. Under normal market conditions, MSFRX invests, at least 40%, but not more than 75%, of its net assets in equity securities, and at least 25% of its net assets in non-convertible fixed income securities. MSFRX may vary the percentage of its assets invested in any one type of security (within the limits described above) in accordance with the fund manager's interpretation of economic and money market conditions, fiscal and monetary policy, and underlying security values.
This Allocation Balanced fund, as of the last filing, allocates their fund in five major groups; Large Value, Intermediate Bond, Large Growth, Foreign Stock and Small Value. Further, as of the last filing, JPMorgan Chase (NYSE:JPM), Philip Morris International (NYSE:PM) and Wells Fargo & Company (NYSE:WFC) were the top holdings for MSFRX.
MFS Total Return A, managed by MFS, carries an expense ratio of 0.74%. Moreover, MSFRX requires a minimal initial investment of $1,000.
MSFRX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 1.68%, 3 year 6.98% and 5 year 7.54%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
MSFRX’s performance, as of the last filing, when compared to funds in its category was in the top 8% in 1 year, top 13% over the past 3 years, and in the 14% over the past 5 years.
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