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Compelling Culture Key to MFS' Staying Power

A team-oriented approach has helped create a stable and successful firm at the home to the country's oldest open-end mutual fund.

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Morningstar recently issued a new Stewardship Grade for MFS. The firm's overall grade--which considers corporate culture, fund board quality, fund manager incentives, fees, and regulatory history--is a B. What follows is Morningstar's analysis of the firm's corporate culture. This text, as well as analytical text on the other four Stewardship Grade criteria, is available to subscribers of Morningstar's software for advisors and institutions: Morningstar Advisor Workstation(SM), Morningstar Office(SM), and Morningstar Direct(SM).

Home to the country's oldest open-end mutual fund, MFS has a long history in investment management. While its first fund, launched in 1924, still exists and continues to focus on domestic-stock selection, the firm has increasingly become globally focused and today offers a wide breadth of funds that invest across asset classes, both domestically and abroad.

Kathryn Spica, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.