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Emerging Markets Equity Fund
- Global / Intl Equity
Emerging Markets Equity Fund
- Global / Intl Equity
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities
Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows
MFS locations within the Emerging Markets areas allow for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
Fund Information
- Fund Commencement 10/24/1995
- Net Assets ($ M) As of 02/28/25 $7882.67
- Fiscal Year End MAY
-
Benchmark
MSCI Emerging Markets Index measures emerging market stocks.MSCI Emerging Markets Index (net div)
Share Class Information
- Class Inception 10/24/1995
- Net Asset Value (NAV) As of 03/12/25 $34.44
- Most Recent NAV Change As of 03/12/25 $0.17 | 0.50%
- Fund Number 85
- Maximum Sales Charge 5.75%
-
Gross Expense Ratio
1.36%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
1.31%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 09/30/25
MANAGERS
Effective May 1, 2025, Lionel Gomez will join the portfolio management team.
Effective May 1, 2025, Harry Purcell will no longer manage the portfolio.
Top 10 Holdings
As of
02/28/25
- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- Alibaba Group Holding Ltd
- Samsung Electronics Co Ltd
- China Construction Bank Corp
- HDFC Bank Ltd
- Infosys Ltd
- NetEase Inc ADR
- Vale SA ADR
- Kotak Mahindra Bank Ltd
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.
International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.
Please see the prospectus for further information on these and other risk considerations.
Rajesh Nair
Portfolio Manager
29
YEARS WITH INDUSTRY
4
YEARS WITH PORTFOLIO
Rajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Harry Purcell
Portfolio Manager
27
YEARS WITH INDUSTRY
8
YEARS WITH PORTFOLIO
Harry Purcell is an investment officer and equity portfolio manager for the Emerging Markets Equity strategy 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 Singapore. Harry joined MFS in 2012 as an equity research analyst and assumed his current role in 2017. Before that, he cofounded and served as a portfolio manager at Zedd Capital for three years. He previously held portfolio management roles at CQS Management Limited and Tribeca Global Investments (part of Citigroup). He also spent seven years at F&C Management Ltd., holding the roles of both pan-European fund manager and head of global technology research. He began his career in the financial services industry in 1998. Harry earned both a Bachelor of Arts degree and a master's degree in Japanese studies from the University of Oxford.
Performance
Average Annual Total Returns
Average Annual Total Returns (%)
These results represent the percent change in net asset value.
- Class A at NAV
- Class A with Sales Charge
- MSCI Emerging Markets Index (net div)
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Important Performance Information
Performance information shown for periods prior to November 30, 1999, reflects periods when a subadvisor (Foreign & Colonial Management Ltd. and its subsidiary Foreign and Colonial Emerging Markets Ltd.) was responsible for selecting investments for the fund.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Sales Charges
Class A shares ("A") results include the maximum sales charge.
Annual Rate of Return
Annual Rate of Return (%)
As of 12/31/24 | Benchmark: MSCI Emerging Markets Index (net div)| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | -12.91 | 8.60 | 37.38 | -14.02 | 19.78 | 10.17 | -6.98 | -20.11 | 10.88 | 10.98 |
| With Sales Charge | -17.92 | 2.36 | 29.48 | -18.96 | 12.89 | 3.83 | -12.33 | -24.70 | 4.51 | 4.59 |
| MSCI Emerging Markets Index (net div) | -14.92 | 11.19 | 37.28 | -14.57 | 18.42 | 18.31 | -2.54 | -20.09 | 9.83 | 7.50 |
| At NAV | With Sales Charge | MSCI Emerging Markets Index (net div) | |
|---|---|---|---|
| 2024 | 10.98 | 4.59 | 7.5 |
| 2023 | 10.88 | 4.51 | 9.83 |
| 2022 | -20.11 | -24.7 | -20.09 |
| 2021 | -6.98 | -12.33 | -2.54 |
| 2020 | 10.17 | 3.83 | 18.31 |
| 2019 | 19.78 | 12.89 | 18.42 |
| 2018 | -14.02 | -18.96 | -14.57 |
| 2017 | 37.38 | 29.48 | 37.28 |
| 2016 | 8.6 | 2.36 | 11.19 |
| 2015 | -12.91 | -17.92 | -14.92 |
Pricing & Distributions
Pricing History
- NAV at Close of Trading on: 03/12/25
- Net Asset Value (NAV): $34.44
- Change ($) (since 03/11/25 ): 0.17
- Change (%) (since 03/11/25 ): 0.50
- 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
Historical MP may not be available for all dates.
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.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
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.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 03/13/25
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/16/24 | 12/17/24 | 12/18/24 | Dividend | 0.79129 | 33.19 |
Past performance is no guarantee of future results. Please consult your tax advisor for further information.
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities
Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows
MFS locations within the Emerging Markets areas allow for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
Fund Information
- Fund Commencement 10/24/1995
- Net Assets ($ M) As of 02/28/25 $7882.67
- Fiscal Year End MAY
-
Benchmark
MSCI Emerging Markets Index measures emerging market stocks.MSCI Emerging Markets Index (net div)
Share Class Information
- Class Inception 10/24/1995
- Net Asset Value (NAV) As of 03/12/25 $34.44
- Most Recent NAV Change As of 03/12/25 $0.17 | 0.50%
- Fund Number 85
- Maximum Sales Charge 5.75%
-
Gross Expense Ratio
1.36%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
1.31%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 09/30/25
MANAGERS
Effective May 1, 2025, Lionel Gomez will join the portfolio management team.
Effective May 1, 2025, Harry Purcell will no longer manage the portfolio.
Top 10 Holdings
As of 02/28/25- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- Alibaba Group Holding Ltd
- Samsung Electronics Co Ltd
- China Construction Bank Corp
- HDFC Bank Ltd
- Infosys Ltd
- NetEase Inc ADR
- Vale SA ADR
- Kotak Mahindra Bank Ltd
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.
International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.
Please see the prospectus for further information on these and other risk considerations.
Rajesh Nair
Portfolio Manager
29YEARS WITH INDUSTRY
4YEARS WITH PORTFOLIORajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Harry Purcell
Portfolio Manager
27YEARS WITH INDUSTRY
8YEARS WITH PORTFOLIOHarry Purcell is an investment officer and equity portfolio manager for the Emerging Markets Equity strategy 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 Singapore. Harry joined MFS in 2012 as an equity research analyst and assumed his current role in 2017. Before that, he cofounded and served as a portfolio manager at Zedd Capital for three years. He previously held portfolio management roles at CQS Management Limited and Tribeca Global Investments (part of Citigroup). He also spent seven years at F&C Management Ltd., holding the roles of both pan-European fund manager and head of global technology research. He began his career in the financial services industry in 1998. Harry earned both a Bachelor of Arts degree and a master's degree in Japanese studies from the University of Oxford.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Life5.074.86-10 Yr.3.032.423.645 Yr.0.15-1.031.703 Yr.-0.57-2.51-1.921 Yr.10.984.597.50YTD10.984.597.50Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.Important Performance Information
Performance information shown for periods prior to November 30, 1999, reflects periods when a subadvisor (Foreign & Colonial Management Ltd. and its subsidiary Foreign and Colonial Emerging Markets Ltd.) was responsible for selecting investments for the fund.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Sales Charges
Class A shares ("A") results include the maximum sales charge.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24 | Benchmark: MSCI Emerging Markets Index (net div)annual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV -12.91 8.60 37.38 -14.02 19.78 10.17 -6.98 -20.11 10.88 10.98 With Sales Charge -17.92 2.36 29.48 -18.96 12.89 3.83 -12.33 -24.70 4.51 4.59 MSCI Emerging Markets Index (net div) -14.92 11.19 37.28 -14.57 18.42 18.31 -2.54 -20.09 9.83 7.50 At NAV With Sales Charge MSCI Emerging Markets Index (net div) 2024 10.98 4.59 7.5 2023 10.88 4.51 9.83 2022 -20.11 -24.7 -20.09 2021 -6.98 -12.33 -2.54 2020 10.17 3.83 18.31 2019 19.78 12.89 18.42 2018 -14.02 -18.96 -14.57 2017 37.38 29.48 37.28 2016 8.6 2.36 11.19 2015 -12.91 -17.92 -14.92 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 03/12/25
- Net Asset Value (NAV): $34.44
- Change ($) (since 03/11/25 ): 0.17
- Change (%) (since 03/11/25 ): 0.50
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Distributions
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.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 03/13/25
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/16/24 12/17/24 12/18/24 Dividend 0.79129 33.19 Past performance is no guarantee of future results. Please consult your tax advisor for further information.