MFS Technology Fund (MTCIX)
The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in securities of issuers principally engaged in offering, using or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. It normally invests the fund's assets primarily in equity securities. The fund may invest its assets in securities of companies of any size. It is non-diversified.
Fund Info
| ISIN | US5529834393 |
|---|---|
| CUSIP | 552983439 |
| Issuer | MFS |
| Inception Date | Jan 1, 1997 |
| Category | Technology Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
MTCIX has a high expense ratio of 0.88%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MTCIX vs. QQQ, MTCIX vs. XLK, MTCIX vs. SOXX, MTCIX vs. IVV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MFS Technology Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MFS Technology Fund had a return of 17.95% year-to-date (YTD) and 49.72% in the last 12 months. Over the past 10 years, MFS Technology Fund had an annualized return of 17.60%, outperforming the S&P 500 benchmark which had an annualized return of 10.90%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 17.95% | 11.05% |
| 1 month | 3.98% | 4.86% |
| 6 months | 25.90% | 17.50% |
| 1 year | 49.72% | 27.37% |
| 5 years (annualized) | 16.47% | 13.14% |
| 10 years (annualized) | 17.60% | 10.90% |
Monthly Returns
The table below presents the monthly returns of MTCIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 6.08% | 7.09% | 2.26% | -5.42% | 17.95% | ||||||||
| 2023 | 10.89% | -2.71% | 7.90% | 0.80% | 7.71% | 4.44% | 4.49% | 0.31% | -5.37% | -1.53% | 13.74% | 5.31% | 54.41% |
| 2022 | -9.20% | -5.23% | 1.85% | -13.28% | -0.78% | -9.01% | 10.72% | -5.92% | -11.53% | 3.73% | 4.82% | -7.18% | -36.18% |
| 2021 | -1.34% | 2.80% | -1.52% | 6.53% | -2.21% | 6.73% | 1.21% | 3.29% | -5.14% | 6.03% | -2.65% | 0.40% | 14.11% |
| 2020 | 4.83% | -5.08% | -9.96% | 14.96% | 7.85% | 5.54% | 7.90% | 8.99% | -4.38% | -3.41% | 10.46% | 4.11% | 46.45% |
| 2019 | 10.99% | 4.76% | 2.49% | 6.58% | -5.28% | 5.14% | 3.01% | -3.09% | -1.98% | 2.68% | 4.86% | 2.10% | 36.06% |
| 2018 | 10.10% | -0.79% | -1.59% | 1.28% | 6.08% | 1.15% | 0.77% | 5.86% | -0.23% | -11.39% | 0.02% | -7.58% | 1.85% |
| 2017 | 5.52% | 4.19% | 2.68% | 3.74% | 5.39% | -2.22% | 4.92% | 2.63% | 0.08% | 6.06% | 0.65% | -0.02% | 38.78% |
| 2016 | -6.17% | -2.76% | 8.44% | -1.25% | 5.72% | -2.65% | 6.50% | 2.05% | 1.87% | -0.07% | -2.49% | -0.03% | 8.43% |
| 2015 | -4.13% | 8.21% | -2.10% | 1.42% | 2.04% | -2.41% | 4.60% | -5.67% | -1.04% | 10.59% | 1.02% | -0.99% | 10.78% |
| 2014 | -1.63% | 5.47% | -2.33% | -3.13% | 3.23% | 1.77% | 0.69% | 3.17% | -1.71% | 2.30% | 3.64% | -0.81% | 10.74% |
| 2013 | 2.66% | 1.49% | 1.90% | -1.76% | 5.31% | -0.98% | 6.14% | -0.39% | 5.17% | 3.41% | 3.30% | 4.95% | 35.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MTCIX is 82, placing it in the top 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MTCIX (MFS Technology Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS Technology Fund (MTCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS Technology Fund granted a 8.19% dividend yield in the last twelve months. The annual payout for that period amounted to $5.68 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.68 | $5.68 | $4.34 | $8.35 | $3.51 | $0.98 | $1.89 | $1.37 | $0.54 | $0.99 | $0.85 |
Dividend yield | 8.19% | 9.66% | 10.35% | 11.58% | 4.97% | 1.94% | 4.97% | 3.51% | 1.84% | 3.62% | 3.31% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Technology Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.68 | $5.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.34 | $4.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.35 | $8.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.51 | $3.51 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $1.89 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.37 | $1.37 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2014 | $0.85 | $0.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Technology Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Technology Fund was 81.20%, occurring on Oct 9, 2002. Recovery took 3038 trading sessions.
The current MFS Technology Fund drawdown is 0.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -81.2% | Nov 6, 2000 | 479 | Oct 9, 2002 | 3038 | Nov 10, 2014 | 3517 |
| -42.74% | Nov 17, 2021 | 243 | Nov 3, 2022 | 305 | Jan 24, 2024 | 548 |
| -28.89% | Feb 20, 2020 | 18 | Mar 16, 2020 | 54 | Jun 2, 2020 | 72 |
| -24.7% | Aug 30, 2018 | 80 | Dec 24, 2018 | 75 | Apr 12, 2019 | 155 |
| -17.68% | Dec 2, 2015 | 46 | Feb 8, 2016 | 77 | May 27, 2016 | 123 |
Volatility
Volatility Chart
The current MFS Technology Fund volatility is 6.25%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.