BOSTON--(BUSINESS WIRE)--MFS Investment Management® (MFS®) has launched MFS® Equity Income Fund (EQNAX). The fund invests in equity securities and seeks to generate total return through current income and capital appreciation. Jonathan W. Sage, CFA, manages the fund.
"With historically low rates on fixed-income securities and bank products – and with investors' concerns over inflation – income-producing equities take on an increasingly important role in a portfolio seeking to keep pace with or exceed inflation," said William Finnegan, senior managing director and head of Global Retail Marketing for MFS. "MFS Equity Income Fund extends our capabilities and gives advisors and investors access to a fund that can help their portfolios keep pace with inflation through both capital appreciation and income."
The fund invests primarily in income-producing equity securities. MFS invests the majority of the fund's assets in dividend-paying common stocks but may invest in other types of income-producing securities, including convertible securities, preferred stocks and REITS and may also invest in non-income-producing securities. MFS applies its Blended Research® approach to selecting securities for the fund, combining the firm's fundamental and quantitative research analysis to help drive security selection.
Sage is an investment officer and a portfolio manager at MFS. He manages Blended Research equity strategies utilized by the firm's mutual funds and institutional accounts. He joined MFS in 2000 as a quantitative equity research analyst and was named a portfolio manager in 2005. He began his career in the financial services industry in 1995. He also holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
The fund is available in multiple share classes (A, B, C, I, R1-R5) and can be purchased through financial advisors and other financial intermediaries at banks, broker/dealers and insurance companies as well as through certain retirement platforms.
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, political, regulatory, geopolitical, and other conditions.
Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions.
Real estate-related investments can be volatile because of general, regional, and local economic conditions, interest rates, property tax rates and values, zoning laws, regulations, natural disasters, cash flows, and other factors.
Please see the prospectus for further information on these and other risk considerations.
Before investing, consider the fund's investment objectives, risks, charges and expenses. For a prospectus or summary prospectus containing this and other information, contact your investment professional or view online at mfs.com. Please read it carefully.
About MFS Investment Management
MFS is a premier global money management firm with investment offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. The firm’s history dates back to March 21, 1924, and the establishment of the first US “open-end” mutual fund. MFS manages $293.4 billion in assets on behalf of individual and institutional investors worldwide, as of August 31, 2012. Please visit mfs.com for more information.
MFS Fund Distributors, Inc., 500 Boylston St., Boston, MA 02116