Morningstar® Investment Profile™   Morningstar®
Disclosure
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for Print
MFS® VIT New Discovery Init
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 585
Small Growth Funds
Morningstar®
Style Box™
What is this?
As of 2022-05-31
Total Fund Assets ($ Mil)
714.62
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation.
The fund normally invests its assets primarily in equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. While it may invest the fund's assets in securities of companies of any size, the fund primarily invests in securities of companies with small capitalizations. It may invest its assets in foreign securities.
  Morningstar Category: Small Growth
Small-growth portfolios focus on faster-growing companies whose shares are at the lower end of the market-capitalization range. These portfolios tend to favor companies in up-and-coming industries or young firms in their early growth stages. Because these businesses are fast-growing and often richly valued, their stocks tend to be volatile. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). 
  Investment Risks
Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 83.3
Bullet Non-U.S. Stocks Non-U.S. Stocks 12.9
Bullet Bonds Bonds 0.0
Bullet Cash Cash 3.9
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-05-31
Morningstar Equity Sectors
% of Stocks
Cyclical 31.53
Basic Materials 5.94
Consumer Cyclical 12.33
Financial Services 10.28
Real Estate 2.98
Sensitive 50.19
Communication Services 4.11
Energy 1.46
Industrials 13.01
Technology 31.61
Defensive 18.29
Consumer Defensive 2.44
Healthcare 15.85
Utilities 0.00
Data through 2022-05-31
Holding Status
Total Number of Stock Holdings 106
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 19.36
Turnover % (as of 2021-12-31) 79.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
ExlService Holdings Inc 40.74 2.12
Axalta Coating Systems Ltd 21.56 2.09
Sensata Technologies Holding PLC 23.09 2.00
Syneos Health Inc Class A 31.99 1.99
Element Solutions Inc 29.57 1.97
The AZEK Co Inc Class A 29.26 1.94
Skechers USA Inc Class A 8.09 1.87
Hamilton Lane Inc Class A 17.47 1.80
Advanced Energy Industries Inc 23.27 1.79
Q2 Holdings Inc --- 1.79
Data through 2022-05-31
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Issuer, Market/Market Volatility, Equity Securities, Restricted/Illiquid Securities, Shareholder Activity, Management, Portfolio Diversification, Small Cap
Show Risk Definitions
  Other Information
Inception Date: 1998-05-01
Portfolio Manager(s)
Michael Grossman   (2013-12-31)
Michael Grossman was employed in the investment area of Massachusetts Financial Services Company since 2005.
Investment Advisor(s)
Massachusetts Financial Services Company
Issuer
MFS
Subadvisor(s)
---
Show Data Definitions

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