Investor Presentaiton
Significant Impacts on Performance - Detractors
MFS®
Relative to Standard & Poor's 500 Stock Index (USD) - first quarter 2024
Meta Platforms Inc Not owning shares of social networking service provider Meta Platforms (United States) weighed on relative performance. The
stock price advanced during the quarter as the company reported earnings results ahead of expectations, led by strength in
advertising revenue growth in China and a disciplined approach to capex. The company also announced a quarterly dividend and
discussed plans to integrate artificial intelligence within its platforms, further supporting the stock price.
Relative
contribution (%)
-0.5
American Tower
Corp
The portfolio's overweight position in broadcast and communication tower management firm American Tower (United States)
hindered relative performance. Despite posting solid financial results and forward guidance, the company's share price fell after
management lowered its dividend expectations for the coming year.
-0.3
Xcel Energy Inc
An overweight position in power and natural gas distributor Xcel Energy (United States) detracted from relative returns. The stock
price dropped after the company disclosed that insurance companies are suing Xcel on allegations that their equipment may have
started the wildfire in the Texas panhandle.
-0.2
FOR DEALER AND INSTITUTIONAL USE ONLY. - Massachusetts Investors Trust
PRPEQ-MIT-31-Mar-24
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