MFS Mid Cap Value Fund
MCVIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 2199 Boston MA United States of America 2199
- IPO Date
- Oct 31, 2001
- CIK
- 0000911637
- Website
- mfs.com
- Similar Companies
- Business
- MFS Mid Cap Value Fund (MCVIX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in equity securities of medium market capitalization issuers, generally defined as those with market capitalizations similar to companies in the Russell Midcap Value Index; the fund employs a flexible valuation approach emphasizing cash flow and returns-based methodologies, with a focus on downside risk management at the security level and bottom-up stock selection leveraging MFS's global investment platform to identify attractively valued high-quality companies or those with improvement potential and low market expectations. The portfolio typically holds approximately 140-150 stocks across sectors such as industrials, financials, health care, consumer discretionary, information technology, utilities, real estate, energy, materials, and consumer staples, with top holdings including Corning Inc., Flex Ltd., Agilent Technologies Inc., Raymond James Financial Inc., PG&E Corp., Hartford Insurance Group Inc., Willis Towers Watson PLC, and Public Service Enterprise Group Inc.; it maintains a weighted average market cap of around $23-24 billion, active share exceeding 75%, and low portfolio turnover of 22-23%. The fund, part of the MFS family managed by MFS Investment Management (founded in 1924 and headquartered at 111 Huntington Avenue, Boston, Massachusetts), commenced operations on August 31, 2001, with Class I shares (MCVIX) incepted November 1, 2001; it primarily targets institutional and eligible investors with a net expense ratio of 0.74% (gross 0.75%, with waivers through at least January 31, 2026) and no sales charge for Class I, benchmarking against the Russell Midcap Value Index. Geographically, the fund concentrates on U.S. issuers (over 96% allocation) with minor exposure to Canada, the United Kingdom, Israel, and Australia. Recent developments include significant 2024 capital gain distributions declared in December (long-term $2.84412 per share, short-term $0.23023 per share, dividend $0.37918 per share) and MFS's launch of the MFS Active Mid Cap ETF (NYSE: MMID) in 2025, expanding mid-cap offerings with a core equity strategy blending growth and value to complement existing capabilities like MCVIX.