MFS Managed Wealth Fund - Class A (MNWAX) Stock
The fund's primary objective is to generate comprehensive total returns. Its strategy involves two key components: first, a deliberate allocation of assets to three specific MFS equity funds, known as underlying funds.
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About MFS Managed Wealth Fund - Class A
The fund's primary objective is to generate comprehensive total returns. Its strategy involves two key components: first, a deliberate allocation of assets to three specific MFS equity funds, known as underlying funds. Second, it employs a dynamic asset allocation overlay, primarily using derivative financial instruments. This overlay is designed to achieve a dual purpose: to reduce the overall volatility of the fund's returns by moderating its exposure to the equity and/or currency markets inherent in the underlying funds, and to potentially open access to distinct asset classes or market segments where the underlying funds have limited or no presence.
MFS Managed Wealth Fund - Class A (MNWAX) stock trades at $13.91 with a market capitalization of $36.09M. Over the past 52 weeks the stock has ranged between $12.70 and $13.92, and currently trades at its 52-week high. It pays a dividend yielding 0.58%.
Official website: www.mfs.com/en-us/individual-investor/product-strategies/mutual-funds/MNWAX-managed-wealth-fund.html