Contrarian 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
Contrarian Value Fund
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Emphasis on valuation, balance sheet leverage and maintaining a suitable margin of safety
Focus on identifying investment opportunities in businesses and sectors that are experiencing operating difficulties or going through a difficult transition
Long-term approach with a variant perception that is mindful of downside risk
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.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 21-Aug-2019
- Net Assets (US$ M) As of 28-Feb-25 US$1312.90
- 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 World Value Index (net div)
Share Class Information
- Class Inception 21-Aug-2019
- Net Asset Value (NAV) As of 14-Mar-25 $218.67
- Most Recent NAV Change As of 14-Mar-25 $3.96 | 1.84%
- ISIN LU1985812756
- SEDOL BJK38X0
- WKN A2PJLV
- Bloomberg MFCVI1U LX
- CUSIP L6366L196
- Maximum Sales Charge --
- Benchmark MSCI World Value Index (net div)
MANAGERS
Top 10 Holdings
- Ryanair Holdings PLC ADR
- Spectris PLC
- National Grid PLC
- Airbus SE
- Novozymes AS
- CSX Corp
- Davide Campari-Milano NV
- GEA Group AG
- Cie Generale des Etablissements Michelin SCA
- Autoliv Inc
Anne Christine Farstad
Portfolio Manager
Anne-Christine (AC) Farstad is an investment officer and equity portfolio manager for the Contrarian Value strategies at MFS Investment Management® (MFS®). In this role, she is responsible for final buy and sell decisions, portfolio construction, risk and cash management. She also participates in the research process and strategy discussions. She is based in London. AC joined MFS in 2005 as an equity research analyst before assuming her current role in 2015. Before joining the firm, she worked for two years as an equity research analyst following European and US companies for Bailey Coates Asset Management. She also spent one year in the Global Equity Hedge Fund Sales group for UBS in London. She began her career in the financial services industry in 2002. AC earned a Master of Arts degree in literature from the University of Cambridge.
Zahid Kassam, CFA
Portfolio Manager
Zahid Kassam, CFA, is an investment officer and equity portfolio manager for the Contrarian Value strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Toronto. Zahid joined MFS in 2013 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously spent two years as a senior analyst at the Ontario Teachers' Pension Plan's private equity arm and two years as a mergers and acquisitions investment banking analyst at RBC Capital Markets. He began his career in the financial services industry in 2007. Zahid earned a Bachelor of Arts degree in business administration with Ivey Scholar honors from Ivey Business School at the University of Western Ontario and a Master of Business Administration degree from Harvard Business School. He holds the Chartered Financial Analyst (CFA) designation.
Paul Fairbrother, ASIP
Institutional Portfolio Manager
Paul Fairbrother, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning. He is based in London. Paul joined MFS in 2019 in his current role after five years at Sarasin & Partners as a business partner and client account director. Prior to that, he served as a European equity portfolio manager, European equity analyst and UK equity portfolio manager for UBS Asset Management over the course of his 21-year tenure there. He began his career in the financial services industry in 1993. Paul earned a bachelor's degree in business economics from the University of Reading. He is a member of the CFA Institute and an Associate of the CFA Society of the UK (ASIP).
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 | 37.95 | 9.26 | 6.89 | 14.44 | 13.41 | 11.83 | 21-Aug-2019 |
| MSCI World Value Index (net div) | 16.75 | 14.28 | -2.21 | 12.69 | 15.23 | - | - |
| 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. |
37.95 | |
| 28-Feb-22 | 9.26 | |
| 28-Feb-23 | 6.89 | |
| 28-Feb-24 | 14.44 | |
| 28-Feb-25 | 13.41 | |
| YTD % * | 11.83 | |
| Class Inception | 21-Aug-2019 | 21-Aug-2019 |
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 World Value Index (net div)|
Life
Life performance as of 28-Feb-25 |
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| At NAV | 14.54 | 12.31 | 19.09 | -4.08 | 25.80 | 4.39 |
| MSCI World Value Index (net div) | - | -1.16 | 21.94 | -6.52 | 11.51 | 11.47 |
| At NAV | MSCI World Value Index (net div) | |
|---|---|---|
| 2024 | 4.39 | 11.47 |
| 2023 | 25.8 | 11.51 |
| 2022 | -4.08 | -6.52 |
| 2021 | 19.09 | 21.94 |
| 2020 | 12.31 | -1.16 |
|
Life
Life performance as of 28-Feb-25 |
14.54 | - |
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): $218.67
- Change ($) (since 13-Mar-25): 3.96
- Change (%) (since 13-Mar-25): 1.84
- 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 US dollars.
INVESTMENT FOCUS
Emphasis on valuation, balance sheet leverage and maintaining a suitable margin of safety
Focus on identifying investment opportunities in businesses and sectors that are experiencing operating difficulties or going through a difficult transition
Long-term approach with a variant perception that is mindful of downside risk
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.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 21-Aug-2019
- Net Assets (US$ M) As of 28-Feb-25 US$1312.90
- 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 World Value Index (net div)
Share Class Information
- Class Inception 21-Aug-2019
- Net Asset Value (NAV) As of 14-Mar-25 $218.67
- Most Recent NAV Change As of 14-Mar-25 $3.96 | 1.84%
- ISIN LU1985812756
- SEDOL BJK38X0
- WKN A2PJLV
- Bloomberg MFCVI1U LX
- CUSIP L6366L196
- Maximum Sales Charge --
- Benchmark MSCI World Value Index (net div)
MANAGERS
Top 10 Holdings
As of 28-Feb-25- Ryanair Holdings PLC ADR
- Spectris PLC
- National Grid PLC
- Airbus SE
- Novozymes AS
- CSX Corp
- Davide Campari-Milano NV
- GEA Group AG
- Cie Generale des Etablissements Michelin SCA
- Autoliv Inc
Anne Christine Farstad
Portfolio Manager
23YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIOAnne-Christine (AC) Farstad is an investment officer and equity portfolio manager for the Contrarian Value strategies at MFS Investment Management® (MFS®). In this role, she is responsible for final buy and sell decisions, portfolio construction, risk and cash management. She also participates in the research process and strategy discussions. She is based in London. AC joined MFS in 2005 as an equity research analyst before assuming her current role in 2015. Before joining the firm, she worked for two years as an equity research analyst following European and US companies for Bailey Coates Asset Management. She also spent one year in the Global Equity Hedge Fund Sales group for UBS in London. She began her career in the financial services industry in 2002. AC earned a Master of Arts degree in literature from the University of Cambridge.
Zahid Kassam, CFA
Portfolio Manager
18YEARS WITH INDUSTRY
4YEARS WITH PORTFOLIOZahid Kassam, CFA, is an investment officer and equity portfolio manager for the Contrarian Value strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Toronto. Zahid joined MFS in 2013 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously spent two years as a senior analyst at the Ontario Teachers' Pension Plan's private equity arm and two years as a mergers and acquisitions investment banking analyst at RBC Capital Markets. He began his career in the financial services industry in 2007. Zahid earned a Bachelor of Arts degree in business administration with Ivey Scholar honors from Ivey Business School at the University of Western Ontario and a Master of Business Administration degree from Harvard Business School. He holds the Chartered Financial Analyst (CFA) designation.
Paul Fairbrother, ASIP
Institutional Portfolio Manager
31YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOPaul Fairbrother, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning. He is based in London. Paul joined MFS in 2019 in his current role after five years at Sarasin & Partners as a business partner and client account director. Prior to that, he served as a European equity portfolio manager, European equity analyst and UK equity portfolio manager for UBS Asset Management over the course of his 21-year tenure there. He began his career in the financial services industry in 1993. Paul earned a bachelor's degree in business economics from the University of Reading. He is a member of the CFA Institute and an Associate of the CFA Society of the UK (ASIP).
Benjamin Tingling, CAIA
Institutional Portfolio Manager
19YEARS WITH INDUSTRY
6YEARS 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 37.95 9.26 6.89 14.44 13.41 11.83 21-Aug-2019 MSCI World Value Index (net div) 16.75 14.28 -2.21 12.69 15.23 - - 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.
37.95 28-Feb-22 9.26 28-Feb-23 6.89 28-Feb-24 14.44 28-Feb-25 13.41 YTD % * 11.83 Class Inception 21-Aug-2019 21-Aug-2019 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 World Value Index (net div)annual rate of return table LifeLife performance as of 28-Feb-25
2020 2021 2022 2023 2024 At NAV 14.54 12.31 19.09 -4.08 25.80 4.39 MSCI World Value Index (net div) - -1.16 21.94 -6.52 11.51 11.47 At NAV MSCI World Value Index (net div) 2024 4.39 11.47 2023 25.8 11.51 2022 -4.08 -6.52 2021 19.09 21.94 2020 12.31 -1.16 LifeLife performance as of 28-Feb-25
14.54 - 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): $218.67
- Change ($) (since 13-Mar-25): 3.96
- Change (%) (since 13-Mar-25): 1.84
- 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