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MFS Wins Lipper Award as Best Overall Large Company

03/24/2011 | 07:35am US/Eastern

MFS Investment Management® (MFS®) has won the 2011 Lipper Fund Award for Best Overall Large Company, ranking first out of 46 fund firms in the U.S. MFS won the award based on the firm's consistently strong risk-adjusted performance across asset classes for the three-year period from January 1, 2008, through December 31, 2010.

"We're proud to receive this award, which recognizes MFS' disciplined approach to managing clients' assets over a historically tumultuous time period for the global economy," said Robert Manning, chairman and chief executive officer of MFS. "As we mark our 87th anniversary this week, we look back over history to see that MFS has persevered and thrived through business cycles, volatile markets, and recessions, including 2008's financial crisis. We welcome this award as recognition of our long term commitment to our clients and to our disciplined investment process."

In addition, six MFS funds were also individually recognized for their top risk-adjusted performance within their respective peer categories over different time periods as well, according to Lipper's Consistent Return metric:

Fund (ticker)


Period ending


Lipper category


# of funds in

MFS® New Discovery Fund R4 (MNDJX) 3 years Small Cap Growth Funds 441
MFS® Utilities Fund I (MMUIX) 3 years

Utilities Funds

MFS® Government Securities Fund I (MGSIX) 5 years General U.S. Government Funds 116
MFS® Lifetime 2010 Fund I (MFSIX) 5 years Mixed-Asset Target 2010 Funds 76
MFS® Emerging Markets Debt Fund I (MEDIX) 10 years Emerging Market Debt Funds 35
MFS® Research Bond Fund I (MRBIX) 10 years Corporate Debt A-Rated Funds 63

"The recognition MFS has received is a testament to the daily collaboration and team work of our global investment research professionals," added president and chief investment officer Michael Roberge. "Our team is focused on determining the intrinsic value, including investment risk, of stocks and bonds on a daily basis. These awards recognize their professionalism and validate their approach and hard work."

About the Best Company Lipper Award

In order to qualify for consideration, fund firms must meet the following cumulative criteria:

  • Funds registered for sale in the respective country as of the end of the calendar year of the respective evaluation year.
  • At least 36 months of performance history as of the end of the calendar year of the respective evaluation year.
  • Lipper Global classifications with at least ten distinct portfolios based on the primary share class definition, excluding residual classifications, institutional, private, closed-end, exchange traded, insurance and linked funds.
  • Asset classes: equity, bond, and mixed-asset except for Absolute Return funds where money market and other fund asset types are considered as well.

Fund groups with at least five equity, five bond, and three mixed asset funds are eligible for an overall group award. An overall group award will be given to the group with the lowest average decile ranking of its respective asset class results based on the methodology described above. In cases of identical results, the lower average percentile rank will determine the winner. An overall group award will be given to the best large and small group separately. Small groups will need to have at least three equity, three bond, and three mixed-asset funds. No overall group awards are handed out if there are less than three competing companies. Overall group awards are given to the company that is responsible for establishing the fund by appointing the fund management company, promoting and/or distributing the fund, the brand of the fund and the product range.

About the Individual Fund Awards

Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Fund classification awards are given to the company that has the day-to-day responsibility of investing and monitoring the assets under management within the fund's portfolio in order to achieve the investment objectives of the fund.

*Three-, five-, and ten-year Lipper Leaders Consistent Return Rankings for MFS funds mentioned above:

        Rankings for period ended 12/31/2010        
MFS Fund (ticker)       3-Years       5-Years       10-Years       Lipper Category
New Discovery Fund R4


      1 out of 441       5 out of 385       N/A       Small Cap Growth Funds
Utilities Fund I


1 out of 75 3 out of 66 3 out of 48 Utilities Fund
Government Securities Fund I


6 out of 125 1 out of 116 2 out of 78 General U.S. Government Funds
Lifetime 2010 Fund I


18 out of 129 1 out of 76 N/A Mixed-Asset Target 2010 Funds
Emerging Markets Debt Fund I


7 out of 76 5 out of 49 1 out of 35 Emerging Market Debt Funds
Research Bond Fund I


5 out of 118 5 out of 122 1 out of 63 Corporate Debt A-Rated Funds

Source: MFS, based on Lipper Data

About MFS Investment Management

MFS is a premier global money management firm with investment offices in Boston, London, Mexico City, Singapore, Sydney, and Tokyo. The firm's history dates back to March 21, 1924, and the establishment of the first U.S. "open-end" mutual fund. MFS manages $231.2 billion in assets on behalf of individual and institutional investors worldwide, as of February 28, 2011. Please visit mfs.com for more information.

Important Risk Information:

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 debt instruments may decline in value as the result of increases in interest rates, declines in the credit quality of the issuer, borrower, counterparty or underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Investments in foreign markets through issuers or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. Emerging markets can have less market structure, depth, and regulatory oversight and greater political, social, and economic instability than developed markets.

Before investing, consider the fund's investment objectives, risks, charges, and expenses. For a prospectus, or summary prospectus if available, containing this and other information, contact your investment professional or view online at mfs.com. Please read it carefully.

MFS Fund Distributors, Inc.
500 Boylston St., Boston, MA 02116


MFS Investment Management
John Reilly, 617-954-5305
Dan Flaherty, 617-954-4256

© Business Wire 2011
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