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MFS Managed Wealth Fund (MNWAX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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11.36+0.01 (+0.09%)
At close: 08:00PM EST

MFS Managed Wealth Fund




Management information
David P. Cole,Lead manager since 31 October 2021
David P. Cole, CFA, is an Investment Officer of MFS Investment Management® (MFS®) and Portfolio Manager at the firm. David employed in the investment area of MFS since 2004 after working for five years as a High Yield Analyst for Franklin Templeton Investments. Prior to this, he served as a financial economist/treasury market analyst for Thomson Financial Services and two years as an economist for Standard and Poor's. David has a bachelor's degree from Cornell University and an MBA from University of California, Berkeley. He holds the Chartered Financial Analyst (CFA) designation.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryLong-Short Equity
Fund familyMFS
Net assets91.78M
YTD return-2.33%
Morningstar rating★★
Inception date26 June 2014

Fund operations

Last dividend0.02
Last cap gain0.00
Holdings turnover19.00%
Average for categoryN/A

Fees and expenses

ExpenseMNWAXCategory average
Annual report expense ratio (net)1.14%1.92%
Prospectus net expense ratio1.14%N/A
Prospectus gross expense ratio1.40%N/A
Max 12b1 fee0.25%N/A
Max front end sales load5.75%5.33%
Max deferred sales loadN/A1.14%
3-yr expense projection993N/A
5-yr expense projection1,297N/A
10-yr expense projection2,158N/A