Comanager Paul Gordon will retire from MFS Growth on April 3, 2023, but his departure does not affect the strategy's Morningstar Analyst Ratings of Silver and Bronze. Gordon took a medical leave of absence at the beginning of 2023, so his retirement does not come as a big surprise. The strategy will continue to be well-resourced. MFS is deliberate about succession planning, and the firm appointed Bradford Mak as a comanager in June 2021 alongside Eric Fischman. Gordon's experience will certainly be missed, but Fischman has managed this strategy for over 20 years, and Mak has spent more than a decade at MFS, including a stint as the technology sector lead. Fischman and Mak also still have MFS' skilled central research team at their disposal, which they lean on heavily. Given Mak's recent appointment, it is not expected for MFS to backfill Gordon's role in the near future.
- NAV / 1-Day Return 157.96 / 1.52 %
- Total Assets 37.6 Bil
-
Adj. Expense Ratio
0.500%
- Expense Ratio 0.500%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Large
- Category Large Growth
- Investment Style Large Growth
- Min. Initial Investment 0
- Status Open
- TTM Yield 0.00
- Turnover 16%
Morningstar’s Analysis MFEKX
Will MFEKX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date Apr 30, 2023
- Equity Holdings 73
- Bond Holdings 0
- Other Holdings 1
- % Assets in Top 10 Holdings 47.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Currency Cash CASH_USD
2.24
808,538,770
Cash and Equivalents