Is MFS Value R6 (MEIKX) a good mutual fund choice right now?
On Are you looking for a mutual fund equity report fund? Starting with MFS Value R6 (MEIKX) is a possibility. MEIKX carries a Zacks Mutual Fund Ranking of 1 (Strong Buy), which is based on nine predictor factors such as size, cost and past performance.
MFS is responsible for MEIKX and the company is based in Boston, MA. The MFS Value R6 debuted in June 2012 and MEIKX managed to accumulate around $22.61 billion in assets, according to the latest available information. The current fund manager is a team of investment professionals.
Investors are naturally looking for high performance funds. This particular fund has delivered a 5-year annualized total return of 11.63% and is in the middle third of its peers in the category. If you’re interested in shorter timeframes, don’t discount the fund’s 3-year annualized total return of 12.98%, which puts it in the top third over that time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, MEIKX’s standard deviation is 18.78%, compared to a category average of 15.57%. The fund’s standard deviation over the last 5 years is 15.48% compared to the category average of 12.85%. This makes the fund more volatile than its peers over the past half-decade.
The fund has a 5-year beta of 0.96, so investors should note that it is hypothetically less volatile than the market as a whole. Alpha is an additional metric to consider, since it represents the performance of a portfolio on a risk-adjusted basis relative to a benchmark, which in this case is the S&P 500. With a negative alpha of -4.75, the managers of this portfolio find it difficult to choose stocks that generate higher returns than the benchmark.
Examining the stock holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as whether there are any inherent biases in their approach. For this particular fund, the focus is largely on stocks that are traded in the United States.
Currently, 90.27% of this mutual fund‘s holdings are in stocks, and these companies have an average market capitalization of $148.44 billion. The fund has the highest exposure to the following market sectors:
- Industrial Cyclical
Costs are increasingly important for investing in mutual funds, especially as competition intensifies in this market. And all things being equal, a lower-cost product will outperform its otherwise identical counterpart, so it’s essential for investors to take a closer look at these metrics. In terms of fees, MEIKX is a zero-cost fund. It has an expense ratio of 0.44% compared to the category average of 1%. MEIKX is actually cheaper than its peers when considering factors like cost.
Although the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.
Overall, MFS Value R6 (MEIKX) has a high ranking for Zacks Mutual Funds and, in conjunction with its relatively similar performance, medium downside risk and lower fees, this fund seems like a good potential choice. for investors right now.
Don’t stop here for your fund research on the Mutual Fund Stock Report. We also have a lot more on our site to help you find the best possible fund for your portfolio. Be sure to check out www.zacks.com/funds/mutual-funds for more insight into the world of funds, and feel free to compare MEIKX to its peers for more insight. For analysis of the rest of your portfolio, be sure to visit Zacks.com for our comprehensive suite of tools that will help you investigate all of your stocks and funds in one place.
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