Emerging Markets Equity Fund
THIS INFORMATION IS FOR MARKETING PURPOSES ONLY
Please note that this is an actively managed product.
Class I shares are only available to certain qualifying institutional investors.
Emerging Markets Equity Fund
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities
Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows
MFS locations within the Emerging Market areas allows for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 01-Sep-2006
- Net Assets (US$ M) As of 31-Mar-25 US$82.54
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark MSCI Emerging Markets Index (net div)
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 24-Apr-25 $186.55
- Most Recent NAV Change As of 24-Apr-25 $0.82 | 0.44%
- ISIN LU2971679019
- SEDOL BT8SCW4
- WKN A40Z29
- Bloomberg MFSEMIF LX
- CUSIP L6367C617
- Maximum Sales Charge --
- Benchmark MSCI Emerging Markets Index (net div)
MANAGERS
Effective May 1, 2025, Lionel Gomez will join the portfolio management team.
Effective May 1, 2025, Harry Purcell will no longer manage the portfolio.
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- Alibaba Group Holding Ltd
- Samsung Electronics Co Ltd
- HDFC Bank Ltd
- China Construction Bank Corp
- Infosys Ltd
- Kotak Mahindra Bank Ltd
- Vale SA ADR
- NetEase Inc ADR
Rajesh Nair
Portfolio Manager
Rajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Harry Purcell
Portfolio Manager
Harry Purcell is an investment officer and equity portfolio manager for the Emerging Markets Equity strategy at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Singapore. Harry joined MFS in 2012 as an equity research analyst and assumed his current role in 2017. Before that, he cofounded and served as a portfolio manager at Zedd Capital for three years. He previously held portfolio management roles at CQS Management Limited and Tribeca Global Investments (part of Citigroup). He also spent seven years at F&C Management Ltd., holding the roles of both pan-European fund manager and head of global technology research. He began his career in the financial services industry in 1998. Harry earned both a Bachelor of Arts degree and a master's degree in Japanese studies from the University of Oxford.
Greg Johnsen, CFA
Institutional Portfolio Manager
Gregory A. Johnsen, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management (MFS). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning.
Gregory joined MFS in 2019 in his current role following seven years as director and institutional portfolio manager for Parametric Portfolio Associates. Previously, he served as vice president, associate partner and investment director for Wellington Management for eleven years and vice president and portfolio advisor for American Century Investment Management for three years. Prior to that, he was a founding member at DiMeo Schneider & Associates, serving for two years. He began his career in financial services in 1985 with additional roles held at Kidder, Peabody & Company; the Chicago Board Options Exchange; and New Windsor Associates.
Gregory earned a Bachelor of Science degree in economics from the University of Minnesota and a Master of Business Administration degree from the University of Chicago's Booth School of Business. He is a member of the CFA Society Boston.
Sanjay Natarajan
Institutional Portfolio Manager
Sanjay Natarajan is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). His responsibilities include communicating investment policy, strategy and positioning and participating in the research process and strategy discussions. His role also includes assessing portfolio risk, customizing portfolios to client objectives and guidelines and managing daily cash flows. He is based in the firm's Singapore office.
Prior to joining the firm in 2007, Sanjay worked for DBS Bank Ltd. (Asia), holding various roles, including serving as COO of Global Corporate and Investment Banking. He also previously worked at McKinsey and Company, k1 Ventures and the Singapore Economic Development Board. He began his career in 1996.
Sanjay earned a bachelor's degree from Dartmouth College and a master's degree from Harvard University.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Performance
- 12 Month Total Returns
- Average Annual Total Returns
- Annual Rate of Return
- Pricing & Distributions
- Performance Attribution
12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-Mar-25 [updated monthly]| 12 month period ending: |
31-Mar-21
or Life
|
31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | YTD % | Class Inception |
|---|---|---|---|---|---|---|---|
| Class IF1 Shares, US Dollars at NAV | 57.17 | -17.42 | -5.70 | 6.76 | 14.23 | 3.93 | 19-Feb-2025 |
| MSCI Emerging Markets Index (net div) | 58.39 | -11.37 | -10.70 | 8.15 | 8.09 | - | - |
| 12 month period ending: | Class IF1 Shares, US Dollars at NAV | |
|---|---|---|
| 31-Mar-21 or Life | 57.17 | |
| 31-Mar-22 | -17.42 | |
| 31-Mar-23 | -5.70 | |
| 31-Mar-24 | 6.76 | |
| 31-Mar-25 | 14.23 | |
| YTD % | 3.93 | |
| Class Inception | 19-Feb-2025 | 19-Feb-2025 |
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Average Annual Total Returns (%)
Average Annual Total Returns (%)
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Annual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: MSCI Emerging Markets Index (net div)|
Life
|
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 3.44 | -12.60 | 9.13 | 38.16 | -13.97 | 20.43 | 10.64 | -6.55 | -19.76 | 11.31 | 11.53 |
| MSCI Emerging Markets Index (net div) | - | -14.92 | 11.19 | 37.28 | -14.57 | 18.42 | 18.31 | -2.54 | -20.09 | 9.83 | 7.50 |
| At NAV | MSCI Emerging Markets Index (net div) | |
|---|---|---|
| 2024 | 11.53 | 7.5 |
| 2023 | 11.31 | 9.83 |
| 2022 | -19.76 | -20.09 |
| 2021 | -6.55 | -2.54 |
| 2020 | 10.64 | 18.31 |
| 2019 | 20.43 | 18.42 |
| 2018 | -13.97 | -14.57 |
| 2017 | 38.16 | 37.28 |
| 2016 | 9.13 | 11.19 |
| 2015 | -12.6 | -14.92 |
| 3.44 | - |
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Pricing History
- NAV at Close of Trading on: 24-Apr-25
- Net Asset Value (NAV): $186.55
- Change ($) (since 23-Apr-25): 0.82
- Change (%) (since 23-Apr-25): 0.44
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Distributions
Performance Attribution
GuideAvailable approximately 15 or 25 days after month end
Available approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities
Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows
MFS locations within the Emerging Market areas allows for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 01-Sep-2006
- Net Assets (US$ M) As of 31-Mar-25 US$82.54
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark MSCI Emerging Markets Index (net div)
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 24-Apr-25 $186.55
- Most Recent NAV Change As of 24-Apr-25 $0.82 | 0.44%
- ISIN LU2971679019
- SEDOL BT8SCW4
- WKN A40Z29
- Bloomberg MFSEMIF LX
- CUSIP L6367C617
- Maximum Sales Charge --
- Benchmark MSCI Emerging Markets Index (net div)
MANAGERS
Effective May 1, 2025, Lionel Gomez will join the portfolio management team.
Effective May 1, 2025, Harry Purcell will no longer manage the portfolio.
Top 10 Holdings
As of 31-Mar-25- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- Alibaba Group Holding Ltd
- Samsung Electronics Co Ltd
- HDFC Bank Ltd
- China Construction Bank Corp
- Infosys Ltd
- Kotak Mahindra Bank Ltd
- Vale SA ADR
- NetEase Inc ADR
Rajesh Nair
Portfolio Manager
29YEARS WITH INDUSTRY
4YEARS WITH PORTFOLIORajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Harry Purcell
Portfolio Manager
27YEARS WITH INDUSTRY
8YEARS WITH PORTFOLIOHarry Purcell is an investment officer and equity portfolio manager for the Emerging Markets Equity strategy at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Singapore. Harry joined MFS in 2012 as an equity research analyst and assumed his current role in 2017. Before that, he cofounded and served as a portfolio manager at Zedd Capital for three years. He previously held portfolio management roles at CQS Management Limited and Tribeca Global Investments (part of Citigroup). He also spent seven years at F&C Management Ltd., holding the roles of both pan-European fund manager and head of global technology research. He began his career in the financial services industry in 1998. Harry earned both a Bachelor of Arts degree and a master's degree in Japanese studies from the University of Oxford.
Greg Johnsen, CFA
Institutional Portfolio Manager
39YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIOGregory A. Johnsen, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management (MFS). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning.
Gregory joined MFS in 2019 in his current role following seven years as director and institutional portfolio manager for Parametric Portfolio Associates. Previously, he served as vice president, associate partner and investment director for Wellington Management for eleven years and vice president and portfolio advisor for American Century Investment Management for three years. Prior to that, he was a founding member at DiMeo Schneider & Associates, serving for two years. He began his career in financial services in 1985 with additional roles held at Kidder, Peabody & Company; the Chicago Board Options Exchange; and New Windsor Associates.
Gregory earned a Bachelor of Science degree in economics from the University of Minnesota and a Master of Business Administration degree from the University of Chicago's Booth School of Business. He is a member of the CFA Society Boston.
Sanjay Natarajan
Institutional Portfolio Manager
29YEARS WITH INDUSTRY
11YEARS WITH PORTFOLIOSanjay Natarajan is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). His responsibilities include communicating investment policy, strategy and positioning and participating in the research process and strategy discussions. His role also includes assessing portfolio risk, customizing portfolios to client objectives and guidelines and managing daily cash flows. He is based in the firm's Singapore office.
Prior to joining the firm in 2007, Sanjay worked for DBS Bank Ltd. (Asia), holding various roles, including serving as COO of Global Corporate and Investment Banking. He also previously worked at McKinsey and Company, k1 Ventures and the Singapore Economic Development Board. He began his career in 1996.
Sanjay earned a bachelor's degree from Dartmouth College and a master's degree from Harvard University.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management. -
Performance
Performance
- 12 Month Total Returns
- Average Annual Total Returns
- Annual Rate of Return
- Pricing & Distributions
- Performance Attribution
12 Month Total Returns12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-Mar-25 [updated monthly]12 month period ending: 31-Mar-21or Life31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 YTD % Class Inception Class IF1 Shares, US Dollars at NAV 57.17 -17.42 -5.70 6.76 14.23 3.93 19-Feb-2025 MSCI Emerging Markets Index (net div) 58.39 -11.37 -10.70 8.15 8.09 - - 12 month period ending: Class IF1 Shares, US Dollars at NAV 31-Mar-21 or Life 57.17 31-Mar-22 -17.42 31-Mar-23 -5.70 31-Mar-24 6.76 31-Mar-25 14.23 YTD % 3.93 Class Inception 19-Feb-2025 19-Feb-2025 Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Average Annual Total ReturnsAverage Annual Total Returns (%)
Average Annual Total Returns (%)
Updated monthly as of 31-Mar-25Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Annual Rate of ReturnAnnual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: MSCI Emerging Markets Index (net div)annual rate of return table Life2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 3.44 -12.60 9.13 38.16 -13.97 20.43 10.64 -6.55 -19.76 11.31 11.53 MSCI Emerging Markets Index (net div) - -14.92 11.19 37.28 -14.57 18.42 18.31 -2.54 -20.09 9.83 7.50 At NAV MSCI Emerging Markets Index (net div) 2024 11.53 7.5 2023 11.31 9.83 2022 -19.76 -20.09 2021 -6.55 -2.54 2020 10.64 18.31 2019 20.43 18.42 2018 -13.97 -14.57 2017 38.16 37.28 2016 9.13 11.19 2015 -12.6 -14.92 3.44 - Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Pricing & DistributionsPricing History
- NAV at Close of Trading on: 24-Apr-25
- Net Asset Value (NAV): $186.55
- Change ($) (since 23-Apr-25): 0.82
- Change (%) (since 23-Apr-25): 0.44
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Distributions
There are no distributions for this share class or distributions are currently not availablePerformance AttributionPerformance Attribution
GuideAvailable approximately 15 or 25 days after month end
Quarterly AttributionAvailable approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
Calendar YearNo Data Available