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Under the Circumstances, MFS Strategic Growth Looks Pretty Good

In a tough year for growth, shrewd portfolio moves kept this fund ahead.

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In 2000, MFS Strategic Growth (MFSGX) was down, although not as much as its typical large-growth peer. Indeed, its 11% loss for the year put it ahead of nearly two thirds of its large-growth peers. The fund got pelted by losses from its more than 37% tech stake. Top-five holding Microsoft (MSFT), for example, was one of 2000's biggest casualties, and top-15 holdings Nortel Networks (NT) and VeriSign (VRSN) inflicted their share of damage, too.

Still, a hodgepodge of stocks helped the fund’s cause. Financials such as insurance-underwriter St. Paul (SPC) delivered handsome returns, as did data-processing firm Bisys Group (BSYS), and retailer CVS (CVS).

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Heather Haynos does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.