Under the Circumstances, MFS Strategic Growth Looks Pretty Good
In a tough year for growth, shrewd portfolio moves kept this fund ahead.
In 2000, MFS Strategic Growth (MFSGX) was down, although not as much as its typical large-growth peer. Indeed, its 11% loss for the year put it ahead of nearly two thirds of its large-growth peers. The fund got pelted by losses from its more than 37% tech stake. Top-five holding Microsoft (MSFT), for example, was one of 2000's biggest casualties, and top-15 holdings Nortel Networks (NT) and VeriSign (VRSN) inflicted their share of damage, too.
Still, a hodgepodge of stocks helped the fund’s cause. Financials such as insurance-underwriter St. Paul (SPC) delivered handsome returns, as did data-processing firm Bisys Group (BSYS), and retailer CVS (CVS).
Heather Haynos does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.