MFS Mid Cap Value Fund

MFS SERIES TRUST XI · Series S000002499 · 9 share classes

Equity fund · 100% stocks
One fund, 9 share classes:MVCAXMVCJXMCBVXMVCCXMCVIXMVCGXMCVRXMVCHXMVCKX
$17.32B NAV
157 positions · as of 2026-06-30 · filed 2026-08-24
data updated 2026-09-08

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 Q2

100.50%
of net assets
Stocks99.86%
Cash & short-term0.64%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 11 new9 exited

Largest new: HPE, Aptiv PLC, TYL, GWRE, FDXF, GM, DD, Innio NV

Largest exited: GLW, Seagate Technology Holdings PLC, Aptiv PLC, CHRD, DuPont de Nemours Inc, RVTY, GEHC, GPK

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+21.28%+42.97%+44.72%11.53%-13.27%
+21.61%+44.04%+46.58%11.52%-13.22%
+20.36%+39.74%+39.44%11.51%-13.57%
+20.36%+39.74%+39.38%11.52%-13.56%
+21.56%+44.02%+46.54%11.53%-13.21%
+20.37%+39.78%+39.41%11.52%-13.56%
+20.98%+41.89%+42.98%11.52%-13.38%
+21.27%+43.00%+44.81%11.55%-13.29%
+21.72%+44.52%+47.38%11.53%-13.18%

These classes hold the same portfolio, so the 8.00pp spread over 5 years is the cost difference between them — roughly 1.60pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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
MFS Institutional Money Market Portfolio1.91%$330.29M
Humana IncHUM1.35%$233.45M
Northern Trust CorpNTRS1.24%$213.84M
Targa Resources CorpTRGP1.18%$204.69M
Westinghouse Air Brake Technologies CorpWAB1.18%$204.35M
Becton Dickinson & CoBDX1.16%$201.26M
Valero Energy CorpVLO1.15%$199.50M
The Hartford Insurance Group IncHIG1.10%$190.31M
PG&E CorpPCG1.10%$190.00M
M&T Bank CorpMTB1.07%$184.78M
Showing 10 of 157Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 12.43% of net assets, top 25 27.24%, across 157 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.

Sign in free