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Please note that this is an actively managed product.
Class I shares are only available to certain qualifying institutional investors.
Seeks capital appreciation, measured in Euros.
Focuses on undervalued European companies of any size
Rigorous valuation discipline is expressed through a patient, contrarian approach and a focus on downside risk management
Seek to analyze rather than forecast by evaluating the long-term quality, improvement potential, and intrinsic value of a business
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
Geographic: Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.
Please see the prospectus for further information on these and other risk considerations.
Article 6: Integrates sustainability risks into the investment process.
Article 8: Systematically promotes a stated environmental or social characteristic and provides enhanced disclosure accordingly.
Article 9: Typically for "impact" funds, which have a dual objective of financial return and specific environmental or social outcomes.
Florence G. Taj is an investment officer and equity portfolio manager for MFS Investment Management® (MFS®). In this role, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions. She is based in London. Florence joined MFS as a research analyst in 1999 covering numerous sectors including financials, consumer staples, technology hardware, media and utilities. She has held senior research positions, including consumer cyclicals sector team leader for five years, and launched the firm's Global Listed Infrastructure strategy in 2017 for which she has portfolio management responsibilities. She joined the firm's European Value portfolio management team in 2018. Before joining MFS, she spent three years at Renaissance Solutions, Inc., where she served as senior consultant. She participated in MFS' summer MBA internship program in 1998. Florence earned a master's degree in international management from the University of Ottawa and Reims Management School, now The NEOMA Business School, in France in 1993 and a Master of Business Administration degree from Harvard Business School in 1999.
GGabrielle Gourgey is an investment officer and director of investments for Europe at MFS Investment Management® (MFS®) and chief executive officer of MFS International (U.K.) Ltd., the firm's UK-domiciled subsidiary. She oversees the MFS UK operation in collaboration with the firm's global leadership team. Gaby joined the firm in 2006 from Merrill Lynch, where she covered the technology and industrials sectors as a sector specialist. She went on to serve as an institutional portfolio manager for several of the firm's European equity strategies and is a member of the portfolio management team of the European research equity strategy. She has held several leadership roles at MFS, including managing the firm's global team of equity institutional portfolio managers and participating in internal committees and working groups such as the Investment Sustainability Committee and the President's Council. Gaby earned a Bachelor of Arts degree from Bristol University. She is an alumna of London Business School, where she completed the Financial Analysis and Accounting module and the Senior Executive Programme. She represents MFS in the Diversity Project UK.
Benjamin Tingling is an institutional 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 also communicates investment policy, strategy and positioning. He is based in London.
Benjamin joined MFS in 2014 in his current role. He previously worked for Man Group Plc for six years, most recently as a derivatives and client on-boarding associate.
Benjamin earned a Bachelor of Science degree in economics and finance from Brunel University. He holds the Chartered Alternative Investment Analyst (CAIA) designation and an Investment Management Certificate (IMC).
12 month period ending: |
28-Feb-21
or Life
Life performance is only shown when 5 years of performance is not available. |
28-Feb-22 | 28-Feb-23 | 28-Feb-24 | 28-Feb-25 | YTD % * | Class Inception |
---|---|---|---|---|---|---|---|
Class I1 Shares, US Dollars at NAV | 20.24 | 6.97 | -4.49 | 5.36 | 9.45 | 10.28 | 17-May-2013 |
MSCI Europe Index (net div) | 20.30 | 6.82 | -1.07 | 12.60 | 11.20 | - | - |
12 month period ending: | Class I1 Shares, US Dollars at NAV | |
---|---|---|
28-Feb-21
or Life
Life performance is only shown when 5 years of performance is not available. |
20.24 | |
28-Feb-22 | 6.97 | |
28-Feb-23 | -4.49 | |
28-Feb-24 | 5.36 | |
28-Feb-25 | 9.45 | |
YTD % * | 10.28 | |
Class Inception | 17-May-2013 | 17-May-2013 |
Class I1 Roll-Up shares do not pay distributions to shareholders.
The Fund's benchmark is indicated for performance comparison only.
Class I1 Roll-Up shares do not pay distributions to shareholders.
Life
Life performance as of 28-Feb-25 |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
At NAV | 7.25 | 5.16 | -3.47 | 33.07 | -9.43 | 26.49 | 14.33 | 15.45 | -19.44 | 14.12 | -0.81 |
MSCI Europe Index (net div) | - | -2.84 | -0.40 | 25.51 | -14.86 | 23.77 | 5.38 | 16.30 | -15.06 | 19.89 | 1.79 |
At NAV | MSCI Europe Index (net div) | |
---|---|---|
2024 | -0.81 | 1.79 |
2023 | 14.12 | 19.89 |
2022 | -19.44 | -15.06 |
2021 | 15.45 | 16.3 |
2020 | 14.33 | 5.38 |
2019 | 26.49 | 23.77 |
2018 | -9.43 | -14.86 |
2017 | 33.07 | 25.51 |
2016 | -3.47 | -0.4 |
2015 | 5.16 | -2.84 |
Life
Life performance as of 28-Feb-25 |
7.25 | - |
Class I1 Roll-Up shares do not pay distributions to shareholders.
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
NAV at Close of Trading on | Net Asset Value (NAV) |
---|
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Available approximately 15 or 25 days after month end
Available approximately 25 days after quarter end
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.
Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.
Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.
Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.
Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet.
Weighted Average Dividend Yield:The equivalent exposure weighted average of the dividend yields of the securities held in the portfolio (or the equity segment of a multi asset class mandate).
Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.
Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.
characterstics | Equity Earning |
---|---|
Weighted Average Price/Earnings (next 12 months) | 16.98x |
Weighted Average Price/Cash Flow | 14.80x |
Weighted Average Price/Sales | 2.06x |
Weighted Average Price/Book | 2.60x |
Weighted Average IBES Long Term EPS Growth | 10.21% |
Weighted Average Dividend Yield | 2.48% |
Weighted Average Market Cap | €75.4b |
Weighted Median Market Cap | €43.5b |
Number of Issues | 65 |
Active Share
Active share is calculated by taking the absolute value of the difference between each issuer's weighting in the index and its weighting in the portfolio, summing, then dividing by two. The higher the number, the more the weights differ from those of the benchmark. |
75.34% |
Portfolio Turnover (U.S. Method)
Turnover Ratio is the percentage of a portfolio's securities that have changed over the course of a year: (lesser of purchases or sales)/average market value. |
16.41% |
Portfolio Turnover (LUX Method)
Lux Method Turnover ratio is the percentage of a portfolio's assets that have changed over the course of a year: ((Purchases + Sales) - (Subscriptions + Redemptions))/Average Month End Assets |
14.74% |
% in Stocks | 98.93% |
% Cash & Cash Equivalents | 0.92% |
% Other1 | 0.15% |
% in Top Ten | 28.35% |
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
10 Yr. | 5 Yr. | 3 Yr. | |
---|---|---|---|
Alpha | 1.79 | -2.10 | -3.98 |
Beta | 0.90 | 0.98 | 1.03 |
R-squared | 88.79 | 94.35 | 95.41 |
Standard Deviation % | 15.75 | 19.27 | 19.01 |
Sharpe Ratio | 0.31 | 0.24 | -0.05 |
Tracking Error | 5.52 | 4.59 | 4.12 |
Information Ratio | 0.24 | -0.55 | -1.00 |
Treynor Ratio | 5.45 | 4.73 | -0.92 |
Downside Capture % | 88.97 | 110.64 | 115.77 |
Upside Capture % | 95.77 | 100.25 | 98.54 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Region & Country | % Assets |
---|---|
Europe ex-U.K.
11 Countries
|
71.45
|
France
|
19.59
|
Switzerland
|
15.62
|
Germany
|
10.73
|
Netherlands
|
7.49
|
Spain
|
7.22
|
Denmark
|
5.19
|
Ireland
|
2.73
|
Austria
|
1.32
|
Portugal
|
0.83
|
Sweden
|
0.71
|
Norway
|
0.00
|
United Kingdom
1 Countries
|
20.60
|
United Kingdom
|
20.60
|
North America
1 Countries
|
6.26
|
United States
|
6.26
|
Cash & Cash Equivalents
1 Countries
|
0.92
|
Cash & Cash Equivalents
|
0.92
|
Emerging Markets
1 Countries
|
0.78
|
Greece
|
0.78
|
By Country |
---|
Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
Fact Sheets are available approximately 15 days after month end.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Full Holdings available approximately 25 days after month end.
Monthly Portfolio Review available approximately 15 days after month end.
Product Presentation available approximately 25 days after quarter end.
Quarterly Investment Update available approximately 25 days after quarter end.
Monthly Investment Update available approximately 25 days after month end.
Fact Sheets are available approximately 15 days after month end.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Full Holdings available approximately 25 days after month end.
Monthly Portfolio Review available approximately 15 days after month end.
Product Presentation available approximately 25 days after quarter end.
Quarterly Investment Update available approximately 25 days after quarter end.
Monthly Investment Update available approximately 25 days after month end.
Seeks capital appreciation, measured in Euros.
Focuses on undervalued European companies of any size
Rigorous valuation discipline is expressed through a patient, contrarian approach and a focus on downside risk management
Seek to analyze rather than forecast by evaluating the long-term quality, improvement potential, and intrinsic value of a business
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
Geographic: Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.
Please see the prospectus for further information on these and other risk considerations.
Article 6: Integrates sustainability risks into the investment process.
Article 8: Systematically promotes a stated environmental or social characteristic and provides enhanced disclosure accordingly.
Article 9: Typically for "impact" funds, which have a dual objective of financial return and specific environmental or social outcomes.
Florence G. Taj is an investment officer and equity portfolio manager for MFS Investment Management® (MFS®). In this role, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions. She is based in London. Florence joined MFS as a research analyst in 1999 covering numerous sectors including financials, consumer staples, technology hardware, media and utilities. She has held senior research positions, including consumer cyclicals sector team leader for five years, and launched the firm's Global Listed Infrastructure strategy in 2017 for which she has portfolio management responsibilities. She joined the firm's European Value portfolio management team in 2018. Before joining MFS, she spent three years at Renaissance Solutions, Inc., where she served as senior consultant. She participated in MFS' summer MBA internship program in 1998. Florence earned a master's degree in international management from the University of Ottawa and Reims Management School, now The NEOMA Business School, in France in 1993 and a Master of Business Administration degree from Harvard Business School in 1999.
GGabrielle Gourgey is an investment officer and director of investments for Europe at MFS Investment Management® (MFS®) and chief executive officer of MFS International (U.K.) Ltd., the firm's UK-domiciled subsidiary. She oversees the MFS UK operation in collaboration with the firm's global leadership team. Gaby joined the firm in 2006 from Merrill Lynch, where she covered the technology and industrials sectors as a sector specialist. She went on to serve as an institutional portfolio manager for several of the firm's European equity strategies and is a member of the portfolio management team of the European research equity strategy. She has held several leadership roles at MFS, including managing the firm's global team of equity institutional portfolio managers and participating in internal committees and working groups such as the Investment Sustainability Committee and the President's Council. Gaby earned a Bachelor of Arts degree from Bristol University. She is an alumna of London Business School, where she completed the Financial Analysis and Accounting module and the Senior Executive Programme. She represents MFS in the Diversity Project UK.
Benjamin Tingling is an institutional 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 also communicates investment policy, strategy and positioning. He is based in London.
Benjamin joined MFS in 2014 in his current role. He previously worked for Man Group Plc for six years, most recently as a derivatives and client on-boarding associate.
Benjamin earned a Bachelor of Science degree in economics and finance from Brunel University. He holds the Chartered Alternative Investment Analyst (CAIA) designation and an Investment Management Certificate (IMC).
12 month period ending: |
28-Feb-21
or Life
Life performance is only shown when 5 years of performance is not available. |
28-Feb-22 | 28-Feb-23 | 28-Feb-24 | 28-Feb-25 | YTD % * | Class Inception |
---|---|---|---|---|---|---|---|
Class I1 Shares, US Dollars at NAV | 20.24 | 6.97 | -4.49 | 5.36 | 9.45 | 10.28 | 17-May-2013 |
MSCI Europe Index (net div) | 20.30 | 6.82 | -1.07 | 12.60 | 11.20 | - | - |
12 month period ending: | Class I1 Shares, US Dollars at NAV | |
---|---|---|
28-Feb-21
or Life
Life performance is only shown when 5 years of performance is not available. |
20.24 | |
28-Feb-22 | 6.97 | |
28-Feb-23 | -4.49 | |
28-Feb-24 | 5.36 | |
28-Feb-25 | 9.45 | |
YTD % * | 10.28 | |
Class Inception | 17-May-2013 | 17-May-2013 |
Class I1 Roll-Up shares do not pay distributions to shareholders.
The Fund's benchmark is indicated for performance comparison only.
Class I1 Roll-Up shares do not pay distributions to shareholders.
Life
Life performance as of 28-Feb-25 |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
At NAV | 7.25 | 5.16 | -3.47 | 33.07 | -9.43 | 26.49 | 14.33 | 15.45 | -19.44 | 14.12 | -0.81 |
MSCI Europe Index (net div) | - | -2.84 | -0.40 | 25.51 | -14.86 | 23.77 | 5.38 | 16.30 | -15.06 | 19.89 | 1.79 |
At NAV | MSCI Europe Index (net div) | |
---|---|---|
2024 | -0.81 | 1.79 |
2023 | 14.12 | 19.89 |
2022 | -19.44 | -15.06 |
2021 | 15.45 | 16.3 |
2020 | 14.33 | 5.38 |
2019 | 26.49 | 23.77 |
2018 | -9.43 | -14.86 |
2017 | 33.07 | 25.51 |
2016 | -3.47 | -0.4 |
2015 | 5.16 | -2.84 |
Life
Life performance as of 28-Feb-25 |
7.25 | - |
Class I1 Roll-Up shares do not pay distributions to shareholders.
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
NAV at Close of Trading on | Net Asset Value (NAV) |
---|
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Available approximately 15 or 25 days after month end
Available approximately 25 days after quarter end
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Weighted average price/earnings (P/E) ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held, excluding companies with projected negative earnings.
Weighted Average Price/Cash Flow: Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.
Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.
Price/Book ratio (P/B) is the ratio of a stock's price to its book value per share.
Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income will grow over the long-term (typically 3-5 years). The forecast is derived from all polled analysts' estimates. Source FactSet.
Weighted Average Dividend Yield:The equivalent exposure weighted average of the dividend yields of the securities held in the portfolio (or the equity segment of a multi asset class mandate).
Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.
Weighted Median Market Cap: Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.
characterstics | Equity Earning |
---|---|
Weighted Average Price/Earnings (next 12 months) | 16.98x |
Weighted Average Price/Cash Flow | 14.80x |
Weighted Average Price/Sales | 2.06x |
Weighted Average Price/Book | 2.60x |
Weighted Average IBES Long Term EPS Growth | 10.21% |
Weighted Average Dividend Yield | 2.48% |
Weighted Average Market Cap | €75.4b |
Weighted Median Market Cap | €43.5b |
Number of Issues | 65 |
Active Share
Active share is calculated by taking the absolute value of the difference between each issuer's weighting in the index and its weighting in the portfolio, summing, then dividing by two. The higher the number, the more the weights differ from those of the benchmark. |
75.34% |
Portfolio Turnover (U.S. Method)
Turnover Ratio is the percentage of a portfolio's securities that have changed over the course of a year: (lesser of purchases or sales)/average market value. |
16.41% |
Portfolio Turnover (LUX Method)
Lux Method Turnover ratio is the percentage of a portfolio's assets that have changed over the course of a year: ((Purchases + Sales) - (Subscriptions + Redemptions))/Average Month End Assets |
14.74% |
% in Stocks | 98.93% |
% Cash & Cash Equivalents | 0.92% |
% Other1 | 0.15% |
% in Top Ten | 28.35% |
Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.
Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.
Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.
R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Index portfolios will tend to have values very close to 100. R squared is not a measure of performance.
The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.
Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.
Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.
Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.
10 Yr. | 5 Yr. | 3 Yr. | |
---|---|---|---|
Alpha | 1.79 | -2.10 | -3.98 |
Beta | 0.90 | 0.98 | 1.03 |
R-squared | 88.79 | 94.35 | 95.41 |
Standard Deviation % | 15.75 | 19.27 | 19.01 |
Sharpe Ratio | 0.31 | 0.24 | -0.05 |
Tracking Error | 5.52 | 4.59 | 4.12 |
Information Ratio | 0.24 | -0.55 | -1.00 |
Treynor Ratio | 5.45 | 4.73 | -0.92 |
Downside Capture % | 88.97 | 110.64 | 115.77 |
Upside Capture % | 95.77 | 100.25 | 98.54 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
Region & Country | % Assets |
---|---|
Europe ex-U.K.
11 Countries
|
71.45
|
France
|
19.59
|
Switzerland
|
15.62
|
Germany
|
10.73
|
Netherlands
|
7.49
|
Spain
|
7.22
|
Denmark
|
5.19
|
Ireland
|
2.73
|
Austria
|
1.32
|
Portugal
|
0.83
|
Sweden
|
0.71
|
Norway
|
0.00
|
United Kingdom
1 Countries
|
20.60
|
United Kingdom
|
20.60
|
North America
1 Countries
|
6.26
|
United States
|
6.26
|
Cash & Cash Equivalents
1 Countries
|
0.92
|
Cash & Cash Equivalents
|
0.92
|
Emerging Markets
1 Countries
|
0.78
|
Greece
|
0.78
|
By Country |
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Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
*Short positions, unlike long positions, lose value if the underlying asset gains value.
Fact Sheets are available approximately 15 days after month end.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Full Holdings available approximately 25 days after month end.
Monthly Portfolio Review available approximately 15 days after month end.
Product Presentation available approximately 25 days after quarter end.
Quarterly Investment Update available approximately 25 days after quarter end.
Monthly Investment Update available approximately 25 days after month end.
Fact Sheets are available approximately 15 days after month end.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Full Holdings available approximately 25 days after month end.
Monthly Portfolio Review available approximately 15 days after month end.
Product Presentation available approximately 25 days after quarter end.
Quarterly Investment Update available approximately 25 days after quarter end.
Monthly Investment Update available approximately 25 days after month end.