Emerging Markets Equity Research 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 Research Fund
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in US dollars.
INVESTMENT FOCUS
A globally diversified portfolio of high-quality emerging market companies (e.g., leaders in respective industries because of proprietary or niche products/services, pricing power, super distribution networks)
MFS locations within the emerging market countries allow for discovery of local opportunities through on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
We seek to invest in companies that offer the potential to generate above-average durable earnings growth within their sectors on a relative basis
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 09-Jul-2021
- Net Assets (US$ M) As of 31-Mar-25 US$3.21
- 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 23-Apr-25 $90.60
- Most Recent NAV Change As of 23-Apr-25 $1.30 | 1.46%
- ISIN LU2971679100
- SEDOL BT8SCX5
- WKN A40Z2A
- Bloomberg MFERI1U LX
- CUSIP L6367C625
- Maximum Sales Charge --
- Benchmark MSCI Emerging Markets Index (net div)
MANAGERS
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- HDFC Bank Ltd
- Reliance Industries Ltd
- MediaTek Inc
- Samsung Electronics Co Ltd
- BYD Co Ltd
- China Construction Bank Corp
- National Bank of Greece SA
- SK Hynix Inc
Greg Johnsen, CFA
General Oversight
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
General Oversight
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 | -2.68 | - | -7.02 | 4.34 | 7.04 | 2.01 | 19-Feb-2025 |
| MSCI Emerging Markets Index (net div) | - | - | -10.70 | 8.15 | 8.09 | - | - |
| 12 month period ending: | Class IF1 Shares, US Dollars at NAV | |
|---|---|---|
| 31-Mar-21 or Life | -2.68 | |
| 31-Mar-22 | - | |
| 31-Mar-23 | -7.02 | |
| 31-Mar-24 | 4.34 | |
| 31-Mar-25 | 7.04 | |
| YTD % | 2.01 | |
| 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.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
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.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
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
|
2022 | 2023 | 2024 | |
|---|---|---|---|---|
| At NAV | -2.68 | -22.15 | 9.05 | 5.32 |
| MSCI Emerging Markets Index (net div) | - | -20.09 | 9.83 | 7.50 |
| At NAV | MSCI Emerging Markets Index (net div) | |
|---|---|---|
| 2024 | 5.32 | 7.5 |
| 2023 | 9.05 | 9.83 |
| 2022 | -22.15 | -20.09 |
| -2.68 | - |
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.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
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: 23-Apr-25
- Net Asset Value (NAV): $90.60
- Change ($) (since 22-Apr-25): 1.30
- Change (%) (since 22-Apr-25): 1.46
- 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
A globally diversified portfolio of high-quality emerging market companies (e.g., leaders in respective industries because of proprietary or niche products/services, pricing power, super distribution networks)
MFS locations within the emerging market countries allow for discovery of local opportunities through on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
We seek to invest in companies that offer the potential to generate above-average durable earnings growth within their sectors on a relative basis
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 09-Jul-2021
- Net Assets (US$ M) As of 31-Mar-25 US$3.21
- 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 23-Apr-25 $90.60
- Most Recent NAV Change As of 23-Apr-25 $1.30 | 1.46%
- ISIN LU2971679100
- SEDOL BT8SCX5
- WKN A40Z2A
- Bloomberg MFERI1U LX
- CUSIP L6367C625
- Maximum Sales Charge --
- Benchmark MSCI Emerging Markets Index (net div)
MANAGERS
Top 10 Holdings
As of 31-Mar-25- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- HDFC Bank Ltd
- Reliance Industries Ltd
- MediaTek Inc
- Samsung Electronics Co Ltd
- BYD Co Ltd
- China Construction Bank Corp
- National Bank of Greece SA
- SK Hynix Inc
Greg Johnsen, CFA
General Oversight
39YEARS WITH INDUSTRY
2YEARS 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
General Oversight
29YEARS WITH INDUSTRY
4YEARS 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 -2.68 - -7.02 4.34 7.04 2.01 19-Feb-2025 MSCI Emerging Markets Index (net div) - - -10.70 8.15 8.09 - - 12 month period ending: Class IF1 Shares, US Dollars at NAV 31-Mar-21 or Life -2.68 31-Mar-22 - 31-Mar-23 -7.02 31-Mar-24 4.34 31-Mar-25 7.04 YTD % 2.01 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.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
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.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
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 Life2022 2023 2024 At NAV -2.68 -22.15 9.05 5.32 MSCI Emerging Markets Index (net div) - -20.09 9.83 7.50 At NAV MSCI Emerging Markets Index (net div) 2024 5.32 7.5 2023 9.05 9.83 2022 -22.15 -20.09 -2.68 - 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.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
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: 23-Apr-25
- Net Asset Value (NAV): $90.60
- Change ($) (since 22-Apr-25): 1.30
- Change (%) (since 22-Apr-25): 1.46
- 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