# MFS Technology Fund - Class A (MTCAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mtcax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: MFS · Asset class: Equity - Strategy: Actively Managed · Inception: 1996-12-31 This fund's primary objective is to achieve capital growth for investors. It typically commits at least 80% of its net assets to companies actively engaged in, or poised to gain significantly from, advancements and innovations in technology – whether through their products, methods, or services. The portfolio is predominantly invested in common stocks, and it maintains the flexibility to include businesses of any market capitalization. It is important to note that this fund is classified as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $74.52 | | Expense Ratio | 1.11% | | Assets Under Management | $2.47B | | NAV | $74.52 | | Holdings Count | — | | Distribution Yield (TTM) | 13.39% | | Annual Distribution (TTM) | $9.98 /share | | Distribution Frequency | Annual | | 52-Week Range | $53.15 – $78.57 | | Beta | 1.34 | ## Latest Distribution - Amount: $9.9775 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-17 ## Frequently Asked Questions ### What does MTCAX invest in? This fund's primary objective is to achieve capital growth for investors. It typically commits at least 80% of its net assets to companies actively engaged in, or poised to gain significantly from, advancements and innovations in technology – whether through their products, methods, or services. The portfolio is predominantly invested in common stocks, and it maintains the flexibility to include businesses of any market capitalization. It is important to note that this fund is classified as non-diversified. ### What is the expense ratio of MTCAX? MFS Technology Fund - Class A (MTCAX) charges an expense ratio of 1.11%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MTCAX? MFS Technology Fund - Class A (MTCAX) manages $2.47B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MTCAX actively managed or an index fund? MTCAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MTCAX's is 1.11%) in exchange for the discretion to over- or under-weight positions. ### When was MTCAX launched? MFS Technology Fund - Class A (MTCAX) launched in December 1996 and is managed by MFS. ### How has MTCAX performed? MTCAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MTCAX pay a dividend? MFS Technology Fund - Class A (MTCAX) currently distributes little or no income. Trailing-twelve-month yield is 13.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MTCAX pay dividends? MFS Technology Fund - Class A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MTCAX's dividend yield? MTCAX's trailing-twelve-month yield is 13.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is MTCAX's next ex-dividend date? The most recently announced ex-dividend date for MTCAX was 2025-12-16. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MTCAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.11% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MTCAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MTCAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MTCAX cost more than a fund like VOO? MTCAX is actively managed (current expense ratio 1.11%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MTCAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MTCAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MTCAX (1.11%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mtcax - Distribution history: https://www.dividenddata.com/funds/mtcax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mtcax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mtcax/expenses - Peer comparison: https://www.dividenddata.com/funds/mtcax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.