He holds the Chartered Financial Analyst (CFA) designation. He began his career in the financial services industry in 1985.Ĭlaud earned a Bachelor of Science degree in business administration and economics from Lehigh University and a Master of Business Administration degree in finance and strategy from the Carroll School of Management at Boston College, where he received the Award for Outstanding Academic Performance. He previously worked for KPMG Peat Marwick as a senior associate before joining MFS. He assumed portfolio management responsibilities in 2014. He was named a senior manager in that area in 1992, a credit analyst in 1994 and an equity research analyst in 2000. He also participates in the research process and strategy discussions.Ĭlaud joined MFS in 1989 as a management analyst in the Internal Consulting Department. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Davis, CFA, is an investment officer and equity portfolio manager for the Utility strategies at MFS Investment Management® (MFS®). Please see the prospectus for further information on these and other risk considerations.Ĭlaud P. Utilities: Investments in the utilities sector can be very volatile because of supply and/or demand for services or fuel, financing costs, conservation efforts, the negative impact of regulation, and other factors. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.Ĭoncentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. International: Investments in foreign markets can involve greater risk and volatility than U.S.

Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions. The fund may not achieve its objective and/or you could lose money on your investment in the fund.

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