Fund Evaluator:

MFS Blended Research Value Equity R3 Overview

MFS Blended Research Value Equity R3 (BRULX) is an actively managed U.S. Equity Large Value fund. MFS launched the fund in 2015.

The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in equity securities. Equity securities include common stocks, equity interests in real estate investment trusts (REITs), and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. While the fund may invest the fund's assets in securities of companies of any size, it primarily invests in securities of companies with large capitalizations. The fund may invest the fund's assets in foreign securities.

About MFS Blended Research Value Equity R3 (BRULX)

There are 6 members of the management team with an average tenure of 7.45 years: Jonathan Sage (2015), James Fallon (2015), John (Jed) Stocks (2015), Matthew Krummell (2015), Nathan Bryant (2026), Jenney Zhang (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. MFS Blended Research Value Equity R3 has 127 securities in its portfolio. The top 10 holdings constitute 24.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

MFS Blended Research Value Equity R3 is part of the Equity global asset class and is within the U.S. Equity fund group. MFS Blended Research Value Equity R3 has 4.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.7%. There is 4.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MFS Blended Research Value Equity R3 has 1.0% of the portfolio in cash.

Assets Under Management

The fund has $374 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BRULX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MFS Blended Research Value Equity R3 expense ratio is above average compared to funds in the Large Value category. MFS Blended Research Value Equity R3 has an expense ratio of 0.64%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. MFS Blended Research Value Equity R3 has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, MFS Blended Research Value Equity R3 returned 3.4%, which earned it a grade of C, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

MFS Blended Research Value Equity R3 has a trailing yield of 1.02%, which is below the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

MFS Blended Research Value Equity R3 Grades

Year to date, the fund has returned 21.4%, 7.2 percentage points better than the category, which translates into a grade of A. The fund has returned 29.8% over the past year (grade of A), 18.1% over the past three years (grade of A) and 12.6% per year over the past five years (grade of A) and 11.9% per year over the past 10 years (grade of B).

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