On Dec. 1, 2025, MFS announced that portfolio manager Claud Davis intends to retire from the firm and the fund on Sept. 30, 2026. Davis has been a named manager on the fund since April 2014 and has comanaged with Scott Walker since August 2019. Walker will serve as the sole portfolio manager after Davis’ departure and maintain the current process. Davis and Walker served as good sounding boards for each other; individually, Davis brought extensive experience to the table, especially in analyzing domestic electric utilities and energy. Given Walker’s significant tenure here already, the transition should be smooth. Walker is an even-keeled, very logical, forthright investor. Given his steady hand and extensive experience, and the solid analyst backing from MFS, the fund’s Above Average People rating still applies.
MFS Utilities Fund Class R3 MMUHX
- NAV / 1-Day Return $25.16 / +1.29 %
- Fund Size $2.5B
- Adjusted Expense Ratio 1.010%
- Net Expense Ratio 1.000%
- Fee Level: Distribution Low
- Share Class Type Retirement, Medium
- Morningstar Category Utilities
- Equity Style Box (Funds) Mid Value
- Minimum Initial Investment $0
- Investment Status Open
- TTM Yield 1.72%
- Turnover Ratio 14%
Morningstar’s Analysis MMUHX
Will MMUHX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 56.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
NextEra Energy Inc | 12.60 | 291M | Utilities |
Constellation Energy Corp | 6.94 | 160M | Utilities |
Xcel Energy Inc | 5.57 | 129M | Utilities |
American Electric Power Co Inc | 5.19 | 120M | Utilities |
PG&E Corp | 4.98 | 115M | Utilities |
Sempra | 4.83 | 111M | Utilities |
Dominion Energy Inc | 4.27 | 99M | Utilities |
Vistra Corp | 4.07 | 94M | Utilities |
Ameren Corp | 3.89 | 90M | Utilities |
DTE Energy Co | 3.81 | 88M | Utilities |
United States