|Expense Ratio (net)||0.26%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Above Average|
|Beta (3Y Monthly)||0.62|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||May 13, 1996|
Rather than going through countless stocks and bonds, Massachusetts Investment Trust (now, MFS Investment Management) launched the first open-ended mutual fund for the American marketplace. The idea was to make it easier for individual investors to capitalize on the best of the markets without having to take so much time to analyze individual securities. Also, that they could make smaller investments that could be pooled to provide greater diversity without sacrificing costs for transactions.
Already the Federal Reserve has been taking action with higher interest rates. Then, there is the wildcard of protectionism from the Trump Administration. One approach is to look for mutual funds that focus on dividend plays, especially for high quality companies.
Real estate has one of the smallest sector weights in the S&P 500, but it is also one of its worst offenders this year. Some real estate mutual funds have been hampered by large allocations to retail estate investment trusts (REITs), one of the most vulnerable corners of the broader real estate universe. Additionally, the real estate sector is historically inversely correlated to rising interest rates.