- Business
- MFS Active Exchange Traded Funds Trust – MFS Blended Research Core Equity ETF is an actively managed exchange-traded fund that seeks capital appreciation through investment primarily in U.S. equity securities. The fund, traded on the NYSE under the ticker BRCE, employs MFS Investment Management’s proprietary Blended Research® investment process, combining bottom-up fundamental security analysis with quantitative research and disciplined portfolio construction. It invests principally in high-quality companies considered to have favorable valuations and identifiable long-term catalysts, with a portfolio designed to provide diversified core-equity exposure and to seek to outperform the S&P 500 Index over a full market cycle while targeting approximately 2% tracking error. Its investments span information technology, financials, health care, consumer discretionary, communication services, industrials, consumer staples, energy, utilities, real estate and materials; as of July 31, 2026, the portfolio comprised 101 issuers and was predominantly invested in U.S. companies, with limited exposure to Sweden and cash equivalents. Major holdings included NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc., Broadcom Inc., Johnson & Johnson, Meta Platforms Inc. and Mastercard Inc. The fund carries a gross expense ratio of 0.24% and is offered through MFS Fund Distributors, Inc. MFS Active Exchange Traded Funds Trust is a Massachusetts-organized, registered management investment company headquartered at 111 Huntington Avenue, Boston, Massachusetts. BRCE commenced operations on October 22, 2025, when MFS launched it alongside the MFS Blended Research International Equity ETF as the firm’s first active ETFs managed under its Blended Research approach. Recent strategic developments include MFS’s continued expansion of its active ETF platform through the March 2026 launch of the MFS Blended Research Emerging Markets Equity ETF, the third ETF in the Blended Research product family, and an announced portfolio-management transition under which Matt Krummel is scheduled to retire from the BRCE management team effective April 7, 2027. MFS Investment Management, founded in 1924 and a global investment manager serving individual, intermediary and institutional investors, manages the fund and is part of Sun Life Financial Inc.