MFS Launches Active Mid Cap ETF (NYSE: MMID)

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09/24/2025 - 12:00 PM

Sixth Active ETF from MFS Expands Choice, Provides Access to Mid Cap Equity Market

BOSTON--(BUSINESS WIRE)-- MFS^® today launched the MFS^® Active Mid Cap ETF (NYSE: MMID), building on the firm’s successful launch of its initial active exchange traded funds in 2024. MFS Active Mid Cap ETF, which will invest across growth and value companies, seeking capital appreciation, is the firm’s sixth active ETF. The launch further expands client choice and provides access to MFS’ proven capabilities in active investing through a US mid cap core equity strategy.

“MMID expands choice for our clients to access the considerable opportunities within the US mid cap equity market. Our existing dedicated US mid cap equity strategies have long-established track records, supported by our Global Investment Platform, and we are excited to add this new strategy to help investors access this dynamic part of the US equity market,” said Emily Dupre, national sales manager for MFS Fund Distributors, Inc.

Kevin Schmitz, a long-time small- and mid-cap equity manager with 30 years of investment experience, will manage the portfolio, supported by the firm’s Global Investment Platform, which comprises more than 300 investment professionals. Schmitz joined the firm as an equity analyst in 2002 and added portfolio management responsibilities for the firm’s US mid cap value strategy in 2008. In addition, he managed the firm’s US small cap value strategy from its inception in 2011 to 2024.

“We are pleased at the initial success of our first five active ETFs, and we are excited to maintain that momentum by adding an active mid cap core ETF to our lineup. We believe that it will be both well received by our distribution partners and that it can offer significant value to a diversified portfolio,” added Dupre.

As of August 31, 2025, MFS’ first five active ETFs had approximately $750 million in assets. Combined with MMID, these six funds represent major segments of both the equity and fixed income markets around which investors can build core market exposures, enjoying the flexibility and tax efficiency of the ETF vehicle structure from MFS. MFS’ active ETFs are available on major US brokerage and wealth management platforms, further demonstrating broad-based market interest.

About MFS^®In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of August 30, 2025, MFS manages US$644.1 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

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