MFS Technology Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, MFS Technology Fund held 48 positions with $2.45B in net assets. Its ten largest holdings made up 58.6% of the fund. The MTCAX share class costs 1.11% a year. Over the 12 months to May 2026, MTCAX returned 41.0%, with dividends reinvested. In 2026 Q2 it added 4 new positions and exited 3.
The funds investment objective is to seek capital appreciation.
The fund invests at least 80% of assets in equity securities of companies principally engaged in offering, using, or developing products, processes, or services that will benefit significantly from technological advances or improvements, identified through index inclusion, third-party sector classification, or derivation of at least 50% of assets, income, sales, or profits from such activities. MFS applies a bottom-up fundamental analysis approach without constraint to investment style, size, or geography, and may also hold foreign securities and enter short sales. Because the fund is non-diversified, MFS may invest a significant percentage of assets in a single issuer or small number of issuers.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLAlphabet Inc | 9.36% | $229.73M | 604.0K | $380.34 |
AAPLApple Inc | 8.90% | $218.60M | 700.5K | $312.06 |
AVGOBroadcom Inc | 8.69% | $213.43M | 477.7K | $446.77 |
NVDANVIDIA Corp | 8.68% | $213.17M | 1.0M | $211.14 |
MSFTMicrosoft Corp | 6.87% | $168.61M | 374.5K | $450.24 |
3.40% | $83.45M | 131.9K | $632.51 | |
SHOPShopify Inc | 3.20% | $78.45M | 660.9K | $118.71 |
3.19% | $78.31M | 151.7K | $516.10 | |
3.18% | $78.16M | 245.6K | $318.18 | |
3.09% | $75.91M | 630.3K | $120.42 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 48 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.99% |
| Other | 0.00% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 74.8%
- Communication Services
- 12.8%
- International
- 11.2%
- Industrials
- 0.5%
- 2 other sectors
- 0.9%
- Information Technology
- 74.8%
- Communication Services
- 12.8%
- International
- 11.2%
- Industrials
- 0.5%
- Other
- 0.5%
- Financials
- 0.4%
How it has done
MTCAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 24.94%. Past returns are a record, not a forecast.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.11% | +40.96% | +129.25% | +101.35% | -15.17% | |
| 0.86% | +41.35% | +131.02% | +103.97% | -15.14% | |
| 1.86% | +39.97% | +124.16% | +94.04% | -15.25% | |
| 1.86% | +39.94% | +124.23% | +94.10% | -15.25% | |
| 0.86% | +41.35% | +130.99% | +103.98% | -15.13% | |
| 1.86% | +39.92% | +124.19% | +94.04% | -15.26% | |
| 1.36% | +40.65% | +127.59% | +98.92% | -15.19% | |
| 1.11% | +41.01% | +129.29% | +101.43% | -15.17% | |
| 0.77% | +41.50% | +131.63% | +104.90% | -15.11% |
These classes hold the same portfolio, so the 10.86pp spread over 5 years is the cost difference between them — roughly 2.17pp a year — not a difference in what they own.
Fees & fund details
MFS Technology Fund is an actively managed U.S. equity fund. 40% of MTCAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.77% – 1.86%· MTCAX 1.11%
- Portfolio turnover
- 50.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
3 exited
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