Massachusetts Investors Growth Stock Fund Overview and Investment Details

The Massachusetts Investors Growth Stock Fund is a popular investment option for those looking to grow their wealth over the long term. It's a no-load mutual fund that's been around since 1974.

The fund's primary objective is to invest in a diversified portfolio of high-quality, established companies that have a strong growth potential. This includes companies from various sectors, such as technology, healthcare, and finance.

The fund's investment strategy is to focus on companies with a proven track record of success, strong financials, and a competitive edge in their respective markets. This approach aims to minimize risk and maximize returns over the long term.

The Massachusetts Investors Growth Stock Fund has a minimum investment requirement of $1,000, and there are no fees or commissions associated with buying or selling shares.

The Massachusetts Investors Growth Stock Fund has consistently delivered strong performance over the years. Its average annual total returns are a testament to its success, with numbers ranging from 16.33% in 2024 to 24.08% in 2023.

The fund's annual rate of return has also been impressive, with a high of 26.2% in 2021. However, it's worth noting that the fund has also experienced some downturns, such as a -19.24% return in 2022.

One key metric that stands out is the fund's active share, which measures how closely the fund's holdings align with the benchmark. In this case, the active share is a respectable 66.93%, indicating that the fund's manager is actively selecting stocks that differ from the benchmark.

Here are some key performance metrics for the Massachusetts Investors Growth Stock Fund:

Overall, these metrics suggest that the Massachusetts Investors Growth Stock Fund is a solid choice for investors looking for long-term growth.

The Massachusetts Investors Growth Stock Fund has a range of fees that can impact your investment returns. The Net Expense Ratio is 0.71%, which reflects the reduction of expenses from contractual fee waivers and reimbursements.

This means that if these reductions were eliminated, your expenses would be higher and your performance would likely be lower. The Gross Expense Ratio is also 0.71%, which is the fund's total operating expense ratio from its most recent prospectus.

You'll also notice a Maximum Sales Charge of 5.75% for Class A shares, which means you'll pay this amount upfront when investing in the fund. The fund also has a 0.33% Management Fee, a 0.25% 12b-1 Fee, and an Expense Ratio of 0.71%.

Here's a breakdown of the fund's fees:

Operating fees can add up quickly, eating into your investment returns. The MIGFX Fees, for example, are 0.71% of the asset under management (AUM).

The expense ratio, a key component of MIGFX Fees, stands at 0.71%. This is relatively low compared to the category average, ranking 72.56% in its category.

Management fees are another significant operating fee. In the case of MIGFX, this fee is 0.33% of AUM.

The 12b-1 fee is also a notable operating fee, coming in at 0.25% of AUM. This fee is used to cover marketing and distribution expenses.

Here's a breakdown of the MIGFX Fees:

These fees can impact your investment returns, so it's essential to understand what you're paying for.

Fees can be a complex and overwhelming topic, but let's break it down into simple terms.

The Net Expense Ratio is a key fee to understand, and it's reflected in the fund's total operating expenses. You'll see this fee mentioned in examples like the one where the Net Expense Ratio is 0.71%.

The Gross Expense Ratio is another important fee to consider, and it's the total operating expense ratio from the fund's most recent prospectus. In some cases, like the example where the Gross Expense Ratio is 1.46%, it's the same as the Net Expense Ratio.

Maximum Sales Charges can also be a significant fee, and it's not always a straightforward number. For example, in one case, the Maximum Sales Charge is 5.75%, which is applied to Class A shares.

Here's a breakdown of some fees you might encounter:

It's worth noting that some funds may have a 12b-1 fee, which is a type of fee that's applied to certain share classes. For example, Class R1 shares have a 1.00% annual Rule 12b-1 fee, as mentioned in one of the examples.

The Massachusetts Investors Growth Stock Fund has a clear investment focus on high-quality, large-cap growth companies with durable competitive advantages. It's essential to invest with a long-term horizon, as the fund takes a patient and contrarian approach to valuation discipline.

The fund's sector weights reveal a significant allocation to Information Technology at 38.19%. This suggests that the fund's managers believe in the growth potential of tech companies. In contrast, Utilities and Real Estate are significantly underrepresented, with weights of 1.98% and 1.72%, respectively.

Here's a breakdown of the fund's sector weights:

Our investment focus is on high-quality, large-cap growth funds that seek out companies with durable competitive advantages.

We take a long-term approach to investing, allowing us to ride out market fluctuations and make more informed decisions.

Strong valuation discipline is crucial, and we maintain a patient and contrarian approach to ensure we're making smart investments.

Portfolio composition is a crucial aspect of investing, and one of the key components is asset allocation. In this section, we'll take a closer look at how a particular portfolio allocates its assets.

Stocks make up the majority of this portfolio, with a weighting of 99.16%. This suggests that the investor is taking a relatively aggressive approach, with a high proportion of their assets invested in the stock market.

Cash accounts for a much smaller portion of the portfolio, at 1.50%. This is a relatively low allocation, indicating that the investor is not seeking to maintain a large cash reserve.

Preferred stocks, convertible bonds, other assets, and bonds all have a weighting of 0.00%, indicating that they are not included in this particular portfolio.

Here's a breakdown of the portfolio's asset allocation:

This allocation is likely to result in a portfolio that is sensitive to market fluctuations, but with the potential for high returns in the long term.

When evaluating the concentration of assets in a portfolio, it's essential to examine the top holdings. According to the concentration analysis, the fund MIGFX holds 56 stocks, which is a relatively small number compared to the category high of 3061 holdings.

The net assets of MIGFX are $12.5 billion, which is significantly lower than the category high of $317 billion. This suggests that the fund is focused on a specific investment strategy.

The top 10 holdings of MIGFX account for 5.87 billion dollars, which is about 23.34% of the fund's net assets. This level of concentration can be a double-edged sword, as it may lead to higher returns but also increases the risk of losses.

Here's a breakdown of the concentration analysis:

The concentration analysis highlights the importance of monitoring the portfolio's top holdings and ensuring that they align with the investment strategy.

The Massachusetts Investors Growth Stock Fund has had its share of ups and downs over the years, with a total return ranking of 89.92% in 2024, down from 88.13% in 2023.

The fund's performance has been volatile, with a return of -19.2% in 2022, but also a return of 26.2% in 2021. The average investor should expect to see some fluctuation in the fund's value.

The fund's risk profile is also worth noting, with a weighted average price/earnings ratio of 25.72x, indicating that the fund's holdings are generally more expensive than the market average.

The average annual returns of the fund are quite impressive, with a 16.33% return in 2024. This is significantly higher than the category return low of -6.4% and the category return high of 52.3% during the same period.

In 2023, the fund returned 24.08%, outpacing the Russell 1000 Growth Index's return of 42.68%. The fund's return was also higher than the category return low of -31.9% and the category return high of 72.4% during that year.

The fund's returns have been volatile, with a -19.24% return in 2022. This is lower than the category return low of -61.7% and the category return high of 23.1% during the same period.

Here's a breakdown of the fund's average annual returns over the past 10 years:

These returns are impressive, but it's essential to consider the fund's risk profile and how it compares to other investments in the market.

Investing in the stock market can be a rollercoaster ride, with stock markets and investments in individual stocks being volatile and able to decline significantly in response to various conditions.

It's not uncommon for investors to lose money on their investments, and the fund you're considering may not achieve its objective.

Stock market volatility can be triggered by a wide range of factors, including issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.

Investments in growth companies can be particularly sensitive to the company's earnings, making them more volatile than the stock market in general.

Losing money on your investment is a real possibility, and it's essential to be aware of these risks before investing.

The Net Income Ratio is a crucial metric to understand when evaluating a company's financial health. It's a measure of how much profit a company makes relative to its total revenue.

In the case of MIGFX, the Net Income Ratio is a mere 0.21%. This is significantly lower than the category average, which is 3.48%. In fact, MIGFX's Net Income Ratio is even lower than the category low of -6.13%.

To put this into perspective, MIGFX ranks 16th in its category in terms of Net Income Ratio. This suggests that the company is struggling to generate significant profits from its revenue.

In the world of investments, understanding how capital gains are distributed is crucial for making informed decisions.

The frequency of capital gain distribution varies across different investment options. For example, MIGFX distributes capital gains annually, which can be beneficial for those who want to receive regular returns on their investments.

It's worth noting that not all investment options follow the same distribution schedule. In fact, Category High has a semi-annual distribution frequency, which may require more frequent monitoring and adjustments.

The capital mode also plays a role in determining the distribution frequency. As seen in the example, MIGFX and Category Low both distribute capital gains annually, regardless of the capital mode chosen.

Here's a summary of the capital gain distribution frequencies:

By understanding these differences, you can make more informed decisions about your investments and adjust your strategy accordingly.

The Massachusetts Investors Growth Stock Fund has several share classes to choose from, each with its own characteristics.

The Class A shares have a maximum sales charge, which is an upfront fee that's deducted from your investment.

The Class R1 shares are available to eligible investors, offering a potentially more cost-effective option.

Here are some key facts about the fund's share classes:

The fund's Net Asset Value (NAV) is calculated regularly, with the most recent change being $0.14 as of January 16, 2025.