MFS Global Alternative Strategy Fund Class A

MFS Global Alternative Strategy Fund Class A (DVRAX) is an actively managed open-end mutual fund launched on December 20, 2007, and listed on NASDAQ, with approximately $212 million in market capitalization. Managed by Massachusetts Financial Services Company (MFS), one of the oldest asset management firms in the world founded in 1924, the fund's primary objective is to seek comprehensive total return by targeting a net total return that surpasses the FTSE 1-Month U.S. Treasury Bill Index by 2% to 4% over a complete market cycle. The fund employs a diversified strategy that combines active security selection with tactical equity, fixed income, and currency market allocation, investing across asset classes including U.S. and non-U.S. stocks, bonds, derivatives, and cash, with top exposures spanning sectors such as Technology, Financial Services, and Industrials. Classified under the Macro Trading category by Morningstar, DVRAX carries a net expense ratio of 1.34% and a front-end load of 5.75%, with a minimum initial investment of $1,000, and is managed by portfolio managers Natalie Shapiro and Ben Nastou, among others.