MFS Mid Cap Value Fund

MFS SERIES TRUST XI · Series S000002499 · 9 share classes

Equity fund · 100% stocks
One fund, 9 share classes:MVCAXMVCJXMCBVXMVCCXMCVIXMVCGXMCVRXMVCHXMVCKX
$15.99B NAV
155 positions · as of 2026-03-31 · filed 2026-05-26
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2026 Q1

The funds investment objective is to seek capital appreciation.

Strategy · summarised

The fund invests at least 80% of assets in equity securities of mid-capitalization value companies, selected through bottom-up fundamental analysis of individual issuers; MFS defines mid-cap companies by reference to the Russell Midcap Index capitalization range and independent third-party classifications, and identifies value companies by metrics such as price-to-book, price-to-earnings, and dividend yield. The fund may hold a significant percentage of assets in a single industry or sector. The fund may invest in foreign securities.

Expenses
0.61% 1.72%across 9 share classes
Share classGrossNet
MVCAX0.98%0.97%
MVCJX0.73%0.72%
MCBVX1.73%1.72%
MVCCX1.73%1.72%
MCVIX0.73%0.72%
MVCGX1.73%1.72%
MCVRX1.23%1.22%
MVCHX0.98%0.97%
MVCKX0.62%0.61%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 24.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.08%
of net assets
Stocks99.87%
Cash & short-term0.21%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 14 new10 exited

Largest new: Aptiv PLC, TSN, Amcor PLC, Pernod Ricard SA, WAT, BRO, London Stock Exchange Group PLC, MMED

Largest exited: Aptiv PLC, RRX, Coca-Cola Europacific Partners PLC, HSY, Amcor PLC, MAT, AVTR, GNRC

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Valero Energy CorpVLO1.42%$226.60M
Flex Ltd1.41%$225.70M
MFS Institutional Money Market Portfolio1.39%$222.47M
PG&E CorpPCG1.26%$200.85M
Permian Resources CorpPR1.25%$199.21M
The Hartford Insurance Group IncHIG1.23%$196.53M
Corning IncGLW1.22%$195.28M
Targa Resources CorpTRGP1.21%$193.69M
Westinghouse Air Brake Technologies CorpWAB1.20%$191.70M
Northern Trust CorpNTRS1.09%$173.74M
Showing 10 of 155Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-03-31 — not a live quote, and not what the fund paid.

Top 10 positions are 12.67% of net assets, top 25 27.67%, across 155 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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