MFS Technology Fund - Class A
MTCAX
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- MFS Technology Fund - Class A (MTCAX) is an open-end mutual fund managed by MFS Investment Management that seeks capital appreciation by investing at least 80% of its net assets in securities of issuers principally engaged in offering, using, or developing products, processes, or services in the technology sector; the fund employs a bottom-up stock selection process focusing on an all-cap portfolio diversified across high-quality durable growth, emerging growth, and stocks undergoing positive change, with a historical emphasis on U.S. opportunities supplemented by global exposure. Core holdings as of November 30, 2025, include Alphabet Inc. Class A, Apple Inc., Broadcom Inc., NVIDIA Corp., Microsoft Corp., Shopify Inc., Meta Platforms Inc., Advanced Micro Devices Inc., Snowflake Inc., and Oracle Corp., representing approximately 60% of assets; sector allocations feature 82% in information technology, 14% in communication services, 3% in industrials, and minimal exposure to financials and cash equivalents, primarily across North America (95%, led by the United States at 89% and Canada at 6%), with smaller positions in Japan, Taiwan, and emerging markets. The fund, which commenced operations on January 2, 1997, with Class A shares launched concurrently, is domiciled in the United States and available primarily to U.S. investors through brokers, with a net expense ratio of 1.13%, a maximum front-end sales charge of 5.75%, and minimum initial investment of $1,000; MFS Investment Management, founded in 1924 and headquartered at 111 Huntington Avenue in Boston, Massachusetts, oversees the fund alongside its global network of offices in locations including Hong Kong, London, São Paulo, Singapore, Sydney, Tokyo, and Toronto. Recent developments include substantial capital gains distributions in December 2024, comprising $1.41 per share in short-term gains and $8.12 per share in long-term gains payable December 18, 2024; portfolio management continuity under Reinier Dobbelmann, who joined as lead manager on May 15, 2022; and strong performance with 36.47% total return at NAV in 2024, alongside net assets reaching $2.28 billion as of November 30, 2025, reflecting sustained investor interest amid a Morningstar Technology category focus with active share of 30% versus the S&P North American Technology Sector Index benchmark.