Fund Evaluator:

MFS Core Equity R1 Overview

MFS Core Equity R1 (MRGGX) is an actively managed U.S. Equity Large Blend fund. MFS launched the fund in 2005.

The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in equity securities. It may invest the fund's assets in the stocks of companies the adviser believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies the adviser believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies.

About MFS Core Equity R1 (MRGGX)

There are 1 members of the management team with an average tenure of 18.26 years: Joseph MacDougall (2008). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Russell 3000 TR USD index with a weighting of 100%. MFS Core Equity R1 has 176 securities in its portfolio. The top 10 holdings constitute 37.3% 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 Core Equity R1 is part of the Equity global asset class and is within the U.S. Equity fund group. MFS Core Equity R1 has 1.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3%. There is 1.0% 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 Core Equity R1 has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $7 million in total assets, which is below the $6 billion average for the Large Blend 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.

MRGGX 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 Core Equity R1 expense ratio is high compared to funds in the Large Blend category. MFS Core Equity R1 has an expense ratio of 1.63%, which is 101% higher than its category average, making the fund expense ratio grade a F. 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 Core Equity R1 has a portfolio turnover rate of 43%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, MFS Core Equity R1 returned 1.3%, which earned it a grade of B, as the Large Blend category had an average return of 0.4%. 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 Core Equity R1 has a trailing yield of 0.00%, which is below the 0.56% 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 Core Equity R1 Grades

Year to date, the fund has returned 7.9%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 13.0% over the past year (grade of F), 14.5% over the past three years (grade of F) and 8.8% per year over the past five years (grade of F) and 12.9% per year over the past 10 years (grade of D).

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