European Value 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.
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Fact Sheet - Documents
European Value Fund
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in Euros.
INVESTMENT FOCUS
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
Important Risk Considerations
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.
Fund Information
- Fund Inception 01-Oct-2002
- Net Assets (€ M) As of 28-Feb-25 €2361.99
- Fiscal Year End JANUARY
-
SFDR Classification
Article 8
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.
- Benchmark MSCI Europe Index (net div)
Share Class Information
- Class Inception 17-May-2013
- Net Asset Value (NAV) As of 14-Mar-25 $23.07
- Most Recent NAV Change As of 14-Mar-25 $0.26 | 1.14%
- ISIN LU0925702077
- SEDOL B94R6B2
- WKN A1T9S8
- Bloomberg MFENI1U LX
- CUSIP L6365X449
- Maximum Sales Charge --
- Benchmark MSCI Europe Index (net div)
MANAGERS
Top 10 Holdings
- Nestle SA
- Cie Financiere Richemont SA
- Sanofi SA
- Novo Nordisk AS
- ASML Holding NV
- Amadeus IT Group SA
- UBS Group AG
- Safran SA
- Schneider Electric SE
- Iberdrola SA
Florence Taj
Portfolio Manager
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.
Gabrielle Gourgey
Institutional Portfolio Manager
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, CAIA
Institutional Portfolio Manager
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).
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 28-Feb-25 [updated monthly]| 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 |
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.
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.
The Fund's benchmark is indicated for performance comparison only.
The source for all fund data is MFS. Source for benchmark performance: SPAR, FactSet Research Systems Inc.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Annual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: MSCI Europe Index (net div)|
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 | - |
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.
Pricing History
- NAV at Close of Trading on: 14-Mar-25
- Net Asset Value (NAV): $23.07
- Change ($) (since 13-Mar-25): 0.26
- Change (%) (since 13-Mar-25): 1.14
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Swing Pricing
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.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.
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.
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 Euros.
INVESTMENT FOCUS
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
Important Risk Considerations
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.
Fund Information
- Fund Inception 01-Oct-2002
- Net Assets (€ M) As of 28-Feb-25 €2361.99
- Fiscal Year End JANUARY
-
SFDR Classification
Article 8
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.
- Benchmark MSCI Europe Index (net div)
Share Class Information
- Class Inception 17-May-2013
- Net Asset Value (NAV) As of 14-Mar-25 $23.07
- Most Recent NAV Change As of 14-Mar-25 $0.26 | 1.14%
- ISIN LU0925702077
- SEDOL B94R6B2
- WKN A1T9S8
- Bloomberg MFENI1U LX
- CUSIP L6365X449
- Maximum Sales Charge --
- Benchmark MSCI Europe Index (net div)
MANAGERS
Top 10 Holdings
As of 28-Feb-25- Nestle SA
- Cie Financiere Richemont SA
- Sanofi SA
- Novo Nordisk AS
- ASML Holding NV
- Amadeus IT Group SA
- UBS Group AG
- Safran SA
- Schneider Electric SE
- Iberdrola SA
Florence Taj
Portfolio Manager
29YEARS WITH INDUSTRY
7YEARS WITH PORTFOLIOFlorence 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.
Gabrielle Gourgey
Institutional Portfolio Manager
30YEARS WITH INDUSTRY
16YEARS WITH PORTFOLIOGGabrielle 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, CAIA
Institutional Portfolio Manager
19YEARS WITH INDUSTRY
7YEARS WITH PORTFOLIOBenjamin 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). -
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 28-Feb-25 [updated monthly]These results represent the percent change in net asset value.*YTD Updated Daily as of 14-Mar-25, subject to revision and not annualized.12 month period ending: 28-Feb-21or LifeLife 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 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.
Average Annual Total ReturnsAverage Annual Total Returns (%)
Average Annual Total Returns (%)
These results represent the percent change in net asset value.Updated monthly as of 28-Feb-25*YTD Updated Daily as of 14-Mar-25, subject to revision and not annualized.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.
The Fund's benchmark is indicated for performance comparison only.
The source for all fund data is MFS. Source for benchmark performance: SPAR, FactSet Research Systems Inc.
Important Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
Annual Rate of ReturnAnnual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: MSCI Europe Index (net div)annual rate of return table LifeLife 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 LifeLife performance as of 28-Feb-25
7.25 - 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.
Pricing & DistributionsPricing History
- NAV at Close of Trading on: 14-Mar-25
- Net Asset Value (NAV): $23.07
- Change ($) (since 13-Mar-25): 0.26
- Change (%) (since 13-Mar-25): 1.14
- 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.
Swing Pricing
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.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.
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