Seeks total return through a combination of current income and capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Aims to invest in above-average quality companies that are trading at favorable valuations with an investment catalyst
Focuses on companies that we believe have relatively high dividend yields and/or long-term capital appreciation potential
Systematically blends fundamental and quantitative research in a disciplined portfolio construction process
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.
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.
Real Estate: Real estate-related investments can be volatile because of general, regional, and local economic conditions, fluctuations in interest rates and property tax rates; shifts in zoning laws, environmental regulation and other governmental actions; increased operation expenses; lack of availability of mortgage funds; losses due to natural disasters; changes in property values and rental rates; overbuilding; losses due to casualty or condemnation, cash flows; the management skill and creditworthiness of the REIT manager, and other factors.
Strategy: The portfolio's strategy to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, changes from the market factors' historical trends, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
Please see the prospectus for further information on these and other risk considerations.
Fund Information
Fund Inception
22-Sep-2015
Net Assets
(US$
M)
As of 28-Feb-25
US$10.87
Fiscal Year End
JANUARY
SFDR Classification
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.
Article 8
Benchmark
MSCI All Country World Index (net div)
Share Class Information
Class Inception
22-Sep-2015
Net Asset Value (NAV)
As of 14-Mar-25
$207.40
Most Recent NAV Change
As of 14-Mar-25
$2.24
|
1.09%
Jonathan W. Sage, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions.
Jonathan joined MFS in 2000 as a quantitative equity research analyst and assumed his current role in 2005. He began his career in the financial services industry in 1995.
Jonathan earned a bachelor's degree from Tufts University and a Master of Business Administration degree and Master of Science degree in finance from Boston College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
Jim Fallon
Portfolio Manager
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
James C. Fallon is an investment officer and a quantitative portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for buying and selling decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions.
James joined MFS in 1999 as a securities lending administrator. He worked as an equity research associate, an equity quantitative research analyst and an equity portfolio manager at the firm before taking on his current role. Prior to joining MFS, he served as mutual fund custody accountant for Investors Bank & Trust.
James earned a bachelor's degree from the University of New Hampshire and a Master of Business Administration degree from Boston University. In 2023, James graduated Summa Cum Laude with a Bachelor of Arts degree from the Berklee College of Music. In addition, he is actively involved in the MFS music affinity resources group, which he helped found to support community causes and affinity groups.
Matt Krummell, CFA
Portfolio Manager
32
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
32
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
Matthew W. Krummell, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions.
Matt has managed Blended Research equity strategies since joining MFS in 2001 as a quantitative research analyst. He previously served as an analyst at Pioneer Investments for three years and for two years as an assistant vice president at Putnam Investments, where he was responsible for developing quantitative equity models. Before that, he was an associate at Mellon Capital Management for three years. He began his career in the financial services industry in 1991.
Matt earned a Bachelor of Arts degree in economics from the University of California and a Master of Business Administration degree in finance and statistics from the University of Chicago. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Jed Stocks, CFA
Portfolio Manager
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
Jed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions.
Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015.
Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
George Fontaine, CFA
Institutional Portfolio Manager
14
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
14
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
George Fontaine, CFA, M2SD, is an investment officer and a quantitative institutional portfolio manager (IPM) at MFS Investment Management® (MFS®). In his role supporting the firm's Blended Research strategies, he participates in the research process and strategy discussions, assesses portfolio risk, and customizes portfolios to client objectives and guidelines. He meets regularly with clients to communicate investment policy, strategy and portfolio positioning. He also produces research and insight pieces based on knowledge gained by accessing the MFS global investment platform.
George joined the firm in 2017 as an analyst within the Investment Solutions Group (ISG) where he focused on equity markets. He went on to become a senior analyst on the team, before moving to the investment team as a senior equity IPM associate. Prior to joining the firm, he worked for a year as a portfolio analyst at Natixis Global Asset Management, three years in various roles at GMO LLC, including as an investment analyst, and two years as a financial analyst at State Street Corporation.
George earned a Bachelor of Science degree in both economics and psychology from Union College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society Boston. George is also a Macro Specialist Designation charterholder (M2SD) and is a member of The Macro Institute.
Jeffrey Morrison, CFA
Institutional Portfolio Manager
37
YEARS WITH INDUSTRY
8
YEARS WITH PORTFOLIO
37
YEARS WITH INDUSTRY
8
YEARS WITH PORTFOLIO
Jeffrey D. Morrison, CFA, is an investment officer and institutional portfolio manager at MFS Investment Management (MFS). In his role supporting the firm's Blended Research strategies, 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.
Jeff joined MFS in 2006 as an institutional portfolio manager and was named portfolio manager in 2011. He managed several Canadian equity strategies for the firm from 2012 to 2017. He took on his current responsibilities as an institutional portfolio manager for the firm's Blended Research portfolios in January 2017. Before joining MFS, he served for eight years as a portfolio manager at Franklin Templeton Investments, including two years at Bissett Investment Management, where he was a voting member of the Investment Policy Committee and a member of the Senior Management Committee. He served as lead manager on various US and global equity mandates at Bissett/Franklin Templeton. Prior to that, he worked for six years as a US equity analyst and portfolio manager for Mulvihill Capital Management as well as working for two years as a capital markets analyst and one year as a bond and money market trader for CT Investment Counsel (CTIC).
Jeff earned a Bachelor of Business Management degree from Ryerson University (formerly Ryerson Polytechnical Institute) and holds the Chartered Financial Analyst (CFA) designation.
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.
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-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
20.17
10.50
0.50
9.60
11.17
4.48
22-Sep-2015
MSCI All Country World Index (net div)
30.25
7.81
-8.26
23.15
15.06
-
-
12 month period ending:
Class
I1 Shares, US Dollars
at NAV
28-Feb-21or Life
Life performance is only shown when 5 years of performance is not available.
20.17
28-Feb-22
10.50
28-Feb-23
0.50
28-Feb-24
9.60
28-Feb-25
11.17
YTD %
*
4.48
Class Inception
22-Sep-2015
22-Sep-2015
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 (%)
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.
Class I1 Roll-Up shares do not pay distributions to shareholders.
Annual Rate of Return
Annual Rate of Return (%)
Annual Rate of Return (%)
As of
31-Dec-24Benchmark: MSCI All Country World Index (net div)
annual rate of return table
Life
Life performance as of 28-Feb-25
2016
2017
2018
2019
2020
2021
2022
2023
2024
At NAV
8.01
7.20
20.55
-11.12
22.97
3.91
15.82
-1.11
8.03
8.43
MSCI All Country World Index (net div)
-
7.86
23.97
-9.41
26.60
16.25
18.54
-18.36
22.20
17.49
At NAV
MSCI All Country World Index (net div)
2024
8.43
17.49
2023
8.03
22.2
2022
-1.11
-18.36
2021
15.82
18.54
2020
3.91
16.25
2019
22.97
26.6
2018
-11.12
-9.41
2017
20.55
23.97
2016
7.2
7.86
Life
Life performance as of 28-Feb-25
8.01
-
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 & Distributions
Pricing History
NAV at Close of Trading on:
14-Mar-25
Net Asset Value (NAV):
$207.40
Change
($) (since
13-Mar-25):
2.24
Change (%) (since
13-Mar-25):
1.09
Market Price (MP):
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
Enter date for which you wish to obtain a Historical NAV for this fund
Historical NAV may not be available for all dates.
Historical MP Lookup
Enter date for which you wish to obtain a Historical MP for this fund
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 available
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.
Map represents sectors greater than 5%.
Holding Characteristics
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.
As of
28-Feb-25
Data table of holding characteristics
characterstics
Equity Earning
Weighted Average Price/Earnings (next 12 months)
11.44x
Weighted Average Price/Cash Flow
9.52x
Weighted Average Price/Sales
1.07x
Weighted Average Price/Book
1.97x
Weighted Average IBES Long Term EPS Growth
8.00%
Weighted Average Dividend Yield
3.91%
Weighted Average Market Cap
$111.2b
Weighted Median Market Cap
$50.3b
Number of Issues
108
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.
91.34%
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.
59.26%
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
91.27%
% in Stocks
98.12%
% Cash & Cash Equivalents
1.70%
% Other1
-0.05%
% in Top Ten
27.13%
Performance Statistics
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.
Updated Monthly As of
28-Feb-25
Benchmark
MSCI All Country World Index (net div)
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
n/a
-0.06
0.12
Beta
n/a
0.81
0.76
R-squared
n/a
81.76
77.47
Standard Deviation %
n/a
15.27
13.79
Sharpe Ratio
n/a
0.50
0.20
Tracking Error
n/a
7.27
7.64
Information Ratio
n/a
-0.35
-0.28
Treynor Ratio
n/a
9.43
3.66
Downside Capture %
n/a
83.03
83.60
Upside Capture %
n/a
81.67
81.13
Top 10 Holdings
As of
28-Feb-25
AbbVie Inc
Roche Holding AG
Kimberly-Clark Corp
Colgate-Palmolive Co
KDDI Corp
General Mills Inc
DBS Group Holdings Ltd
Manulife Financial Corp
Tesco PLC
Northern Trust Corp
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
As of
28-Feb-25
Sector Weights (%)
As of
28-Feb-25
% Assets
Consumer Staples
18.14
Financials
17.92
Health Care
13.85
Consumer Discretionary
8.34
Industrials
7.52
Energy
7.38
Information Technology
7.29
Materials
6.14
Communication Services
5.11
Utilities
4.61
Real Estate
1.77
Corporate Debt
0.23
Cash & Cash Equivalents
1.70
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.
The portfolio is actively managed, and current holdings may be different.
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.
1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
Click here to view fund documents such as Key Investor Documents, Complete Prospectus, Annual Report, Semi Annual Report, Swing Pricing, and Fact Sheets. Some of these documents are available in other languages.
Seeks total return through a combination of current income and capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Aims to invest in above-average quality companies that are trading at favorable valuations with an investment catalyst
Focuses on companies that we believe have relatively high dividend yields and/or long-term capital appreciation potential
Systematically blends fundamental and quantitative research in a disciplined portfolio construction process
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.
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.
Real Estate: Real estate-related investments can be volatile because of general, regional, and local economic conditions, fluctuations in interest rates and property tax rates; shifts in zoning laws, environmental regulation and other governmental actions; increased operation expenses; lack of availability of mortgage funds; losses due to natural disasters; changes in property values and rental rates; overbuilding; losses due to casualty or condemnation, cash flows; the management skill and creditworthiness of the REIT manager, and other factors.
Strategy: The portfolio's strategy to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, changes from the market factors' historical trends, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
Please see the prospectus for further information on these and other risk considerations.
Fund Information
Fund Inception
22-Sep-2015
Net Assets
(US$
M)
As of 28-Feb-25
US$10.87
Fiscal Year End
JANUARY
SFDR Classification
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.
Article 8
Benchmark
MSCI All Country World Index (net div)
Share Class Information
Class Inception
22-Sep-2015
Net Asset Value (NAV)
As of 14-Mar-25
$207.40
Most Recent NAV Change
As of 14-Mar-25
$2.24
|
1.09%
Jonathan W. Sage, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions.
Jonathan joined MFS in 2000 as a quantitative equity research analyst and assumed his current role in 2005. He began his career in the financial services industry in 1995.
Jonathan earned a bachelor's degree from Tufts University and a Master of Business Administration degree and Master of Science degree in finance from Boston College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society, Inc.
Jim Fallon
Portfolio Manager
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
James C. Fallon is an investment officer and a quantitative portfolio manager at MFS Investment Management® (MFS®). In this role, he is responsible for buying and selling decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions.
James joined MFS in 1999 as a securities lending administrator. He worked as an equity research associate, an equity quantitative research analyst and an equity portfolio manager at the firm before taking on his current role. Prior to joining MFS, he served as mutual fund custody accountant for Investors Bank & Trust.
James earned a bachelor's degree from the University of New Hampshire and a Master of Business Administration degree from Boston University. In 2023, James graduated Summa Cum Laude with a Bachelor of Arts degree from the Berklee College of Music. In addition, he is actively involved in the MFS music affinity resources group, which he helped found to support community causes and affinity groups.
Matt Krummell, CFA
Portfolio Manager
32
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
32
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
Matthew W. Krummell, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended Research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions.
Matt has managed Blended Research equity strategies since joining MFS in 2001 as a quantitative research analyst. He previously served as an analyst at Pioneer Investments for three years and for two years as an assistant vice president at Putnam Investments, where he was responsible for developing quantitative equity models. Before that, he was an associate at Mellon Capital Management for three years. He began his career in the financial services industry in 1991.
Matt earned a Bachelor of Arts degree in economics from the University of California and a Master of Business Administration degree in finance and statistics from the University of Chicago. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Jed Stocks, CFA
Portfolio Manager
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
26
YEARS WITH INDUSTRY
9
YEARS WITH PORTFOLIO
Jed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions.
Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015.
Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
George Fontaine, CFA
Institutional Portfolio Manager
14
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
14
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
George Fontaine, CFA, M2SD, is an investment officer and a quantitative institutional portfolio manager (IPM) at MFS Investment Management® (MFS®). In his role supporting the firm's Blended Research strategies, he participates in the research process and strategy discussions, assesses portfolio risk, and customizes portfolios to client objectives and guidelines. He meets regularly with clients to communicate investment policy, strategy and portfolio positioning. He also produces research and insight pieces based on knowledge gained by accessing the MFS global investment platform.
George joined the firm in 2017 as an analyst within the Investment Solutions Group (ISG) where he focused on equity markets. He went on to become a senior analyst on the team, before moving to the investment team as a senior equity IPM associate. Prior to joining the firm, he worked for a year as a portfolio analyst at Natixis Global Asset Management, three years in various roles at GMO LLC, including as an investment analyst, and two years as a financial analyst at State Street Corporation.
George earned a Bachelor of Science degree in both economics and psychology from Union College. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society Boston. George is also a Macro Specialist Designation charterholder (M2SD) and is a member of The Macro Institute.
Jeffrey Morrison, CFA
Institutional Portfolio Manager
37
YEARS WITH INDUSTRY
8
YEARS WITH PORTFOLIO
37
YEARS WITH INDUSTRY
8
YEARS WITH PORTFOLIO
Jeffrey D. Morrison, CFA, is an investment officer and institutional portfolio manager at MFS Investment Management (MFS). In his role supporting the firm's Blended Research strategies, 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.
Jeff joined MFS in 2006 as an institutional portfolio manager and was named portfolio manager in 2011. He managed several Canadian equity strategies for the firm from 2012 to 2017. He took on his current responsibilities as an institutional portfolio manager for the firm's Blended Research portfolios in January 2017. Before joining MFS, he served for eight years as a portfolio manager at Franklin Templeton Investments, including two years at Bissett Investment Management, where he was a voting member of the Investment Policy Committee and a member of the Senior Management Committee. He served as lead manager on various US and global equity mandates at Bissett/Franklin Templeton. Prior to that, he worked for six years as a US equity analyst and portfolio manager for Mulvihill Capital Management as well as working for two years as a capital markets analyst and one year as a bond and money market trader for CT Investment Counsel (CTIC).
Jeff earned a Bachelor of Business Management degree from Ryerson University (formerly Ryerson Polytechnical Institute) and holds the Chartered Financial Analyst (CFA) designation.
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.
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-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
20.17
10.50
0.50
9.60
11.17
4.48
22-Sep-2015
MSCI All Country World Index (net div)
30.25
7.81
-8.26
23.15
15.06
-
-
12 month period ending:
Class
I1 Shares, US Dollars
at NAV
28-Feb-21or Life
Life performance is only shown when 5 years of performance is not available.
20.17
28-Feb-22
10.50
28-Feb-23
0.50
28-Feb-24
9.60
28-Feb-25
11.17
YTD %
*
4.48
Class Inception
22-Sep-2015
22-Sep-2015
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 (%)
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.
Class I1 Roll-Up shares do not pay distributions to shareholders.
Annual Rate of Return
Annual Rate of Return (%)
Annual Rate of Return (%)
As of
31-Dec-24Benchmark: MSCI All Country World Index (net div)
annual rate of return table
Life
Life performance as of 28-Feb-25
2016
2017
2018
2019
2020
2021
2022
2023
2024
At NAV
8.01
7.20
20.55
-11.12
22.97
3.91
15.82
-1.11
8.03
8.43
MSCI All Country World Index (net div)
-
7.86
23.97
-9.41
26.60
16.25
18.54
-18.36
22.20
17.49
At NAV
MSCI All Country World Index (net div)
2024
8.43
17.49
2023
8.03
22.2
2022
-1.11
-18.36
2021
15.82
18.54
2020
3.91
16.25
2019
22.97
26.6
2018
-11.12
-9.41
2017
20.55
23.97
2016
7.2
7.86
Life
Life performance as of 28-Feb-25
8.01
-
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 & Distributions
Pricing History
NAV at Close of Trading on:
14-Mar-25
Net Asset Value (NAV):
$207.40
Change
($) (since
13-Mar-25):
2.24
Change (%) (since
13-Mar-25):
1.09
Market Price (MP):
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
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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 available
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.
Map represents sectors greater than 5%.
Holding Characteristics
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.
As of
28-Feb-25
Data table of holding characteristics
characterstics
Equity Earning
Weighted Average Price/Earnings (next 12 months)
11.44x
Weighted Average Price/Cash Flow
9.52x
Weighted Average Price/Sales
1.07x
Weighted Average Price/Book
1.97x
Weighted Average IBES Long Term EPS Growth
8.00%
Weighted Average Dividend Yield
3.91%
Weighted Average Market Cap
$111.2b
Weighted Median Market Cap
$50.3b
Number of Issues
108
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.
91.34%
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.
59.26%
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
91.27%
% in Stocks
98.12%
% Cash & Cash Equivalents
1.70%
% Other1
-0.05%
% in Top Ten
27.13%
Performance Statistics
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.
Updated Monthly As of
28-Feb-25
Benchmark
MSCI All Country World Index (net div)
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
n/a
-0.06
0.12
Beta
n/a
0.81
0.76
R-squared
n/a
81.76
77.47
Standard Deviation %
n/a
15.27
13.79
Sharpe Ratio
n/a
0.50
0.20
Tracking Error
n/a
7.27
7.64
Information Ratio
n/a
-0.35
-0.28
Treynor Ratio
n/a
9.43
3.66
Downside Capture %
n/a
83.03
83.60
Upside Capture %
n/a
81.67
81.13
Top 10 Holdings
As of
28-Feb-25
AbbVie Inc
Roche Holding AG
Kimberly-Clark Corp
Colgate-Palmolive Co
KDDI Corp
General Mills Inc
DBS Group Holdings Ltd
Manulife Financial Corp
Tesco PLC
Northern Trust Corp
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
As of
28-Feb-25
Sector Weights (%)
As of
28-Feb-25
% Assets
Consumer Staples
18.14
Financials
17.92
Health Care
13.85
Consumer Discretionary
8.34
Industrials
7.52
Energy
7.38
Information Technology
7.29
Materials
6.14
Communication Services
5.11
Utilities
4.61
Real Estate
1.77
Corporate Debt
0.23
Cash & Cash Equivalents
1.70
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.
The portfolio is actively managed, and current holdings may be different.
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.
1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
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