INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Focuses on companies believed to be undervalued compared to their intrinsic value
Seeks an advantage by evaluating the long-term quality, durability, improvement potential and intrinsic value of businesses
Fund Information
- Fund Commencement 02/08/2022
- Net Assets ($ M) As of 10/31/24 $5.00
- Fiscal Year End JULY
-
Benchmark
Standard & Poor's 500 Stock Index
Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
Share Class Information
- Class Inception 02/08/2022
- Net Asset Value (NAV) As of 11/22/24 $12.68
- Most Recent NAV Change As of 11/22/24 $0.10 | 0.79%
- Fund Number 4890
- Maximum Sales Charge --
-
Gross Expense Ratio
7.88%
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
0.62%
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 11/30/24
Class R6 shares are available without a sales charge to eligible investors.
MANAGERS
Top 10 Holdings
- Microsoft Corp
- Amazon.com Inc
- Mastercard Inc
- Colgate-Palmolive Co
- Salesforce Inc
- Charles Schwab Corp
- Bank of America Corp
- Cadence Design Systems Inc
- Analog Devices Inc
- Agilent Technologies Inc
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.
Intrinsic Value: The stocks of companies that MFS believes are undervalued compared to their intrinsic value can continue to be undervalued for long periods of time, may not realize their expected value, and can be volatile.
Please see the prospectus for further information on these and other risk considerations.
Timothy Dittmer
Portfolio Manager
Timothy Dittmer 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 he works closely with portfolio managers to ensure ideas are properly positioned within portfolios. Tim joined MFS in 2009 in his current role after participating in the firm's summer MBA internship program in 2008. He added portfolio management responsibilities on the Global Intrinsic Value strategy in 2021. Prior to joining MFS, he spent three years as a senior analyst at Stout Risius Ross and two years as a senior analyst at Ennis, Knupp & Associates. Tim earned a Bachelor of Business Administration degree magna cum laude from the University of Notre Dame and a Master of Business Administration degree with honors from the University of Chicago Booth School of Business.
Benjamin Stone, IIMR
Portfolio Manager
Benjamin Stone, IIMR, is an investment officer and international equity value portfolio manager at MFS Investment Management® (MFS®). He is part of the portfolio management teams for International Intrinsic Value and Global Intrinsic Value strategies. In his role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Additionally, he participates in the research process and strategy discussions within the larger MFS value equity team. He is based in London. Ben joined MFS in 2005 as a member of the MFS European Research Equity investment team, serving as an equity analyst responsible for identifying and evaluating companies across several sectors, including pharmaceuticals, autos, investment banks and asset managers. He assumed his current position in 2008. He began his investment career in 1996 at Schroders Investment Management, where he served as an equity research analyst for nine years, covering pan- European building materials and retail companies. Ben earned a Bachelor of Arts degree from Durham University. He is IIMR-qualified (Investment Management and Research, UK) and a member of the CFA Institute (CFA Society of the UK).
Performance
Average Annual Total Returns (%)
Important Performance Information
Sales Charges
Class R6 shares are available without a sales charge to eligible investors.
Annual Rate of Return (%)
As of 12/31/23 | Benchmark: Standard & Poor's 500 Stock Index| 2023 | |
|---|---|
| At NAV | 24.81 |
| Standard & Poor's 500 Stock Index | 26.29 |
| At NAV | Standard & Poor's 500 Stock Index | |
|---|---|---|
| 2023 | 24.81 | 26.29 |
Pricing History
- NAV at Close of Trading on: 11/22/24
- Net Asset Value (NAV): $12.68
- Change ($) (since 11/21/24 ): 0.10
- Change (%) (since 11/21/24 ): 0.79
- Market Price (MP):
Historical NAV may not be available for all dates.
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 11/23/24
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/11/23 | 12/12/23 | 12/13/23 | Dividend | 0.06347 | 10.72 |
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Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Focuses on companies believed to be undervalued compared to their intrinsic value
Seeks an advantage by evaluating the long-term quality, durability, improvement potential and intrinsic value of businesses
Fund Information
- Fund Commencement 02/08/2022
- Net Assets ($ M) As of 10/31/24 $5.00
- Fiscal Year End JULY
-
Benchmark
Standard & Poor's 500 Stock Index
Standard & Poor's 500 Stock Index measures the broad U.S. stock market.
Share Class Information
- Class Inception 02/08/2022
- Net Asset Value (NAV) As of 11/22/24 $12.68
- Most Recent NAV Change As of 11/22/24 $0.10 | 0.79%
- Fund Number 4890
- Maximum Sales Charge --
-
Gross Expense Ratio
7.88%
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
0.62%
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 11/30/24
Class R6 shares are available without a sales charge to eligible investors.
MANAGERS
Top 10 Holdings
As of 10/31/24- Microsoft Corp
- Amazon.com Inc
- Mastercard Inc
- Colgate-Palmolive Co
- Salesforce Inc
- Charles Schwab Corp
- Bank of America Corp
- Cadence Design Systems Inc
- Analog Devices Inc
- Agilent Technologies Inc
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.
Intrinsic Value: The stocks of companies that MFS believes are undervalued compared to their intrinsic value can continue to be undervalued for long periods of time, may not realize their expected value, and can be volatile.
Please see the prospectus for further information on these and other risk considerations.
Timothy Dittmer
Portfolio Manager
20YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOTimothy Dittmer 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 he works closely with portfolio managers to ensure ideas are properly positioned within portfolios. Tim joined MFS in 2009 in his current role after participating in the firm's summer MBA internship program in 2008. He added portfolio management responsibilities on the Global Intrinsic Value strategy in 2021. Prior to joining MFS, he spent three years as a senior analyst at Stout Risius Ross and two years as a senior analyst at Ennis, Knupp & Associates. Tim earned a Bachelor of Business Administration degree magna cum laude from the University of Notre Dame and a Master of Business Administration degree with honors from the University of Chicago Booth School of Business.
Benjamin Stone, IIMR
Portfolio Manager
29YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOBenjamin Stone, IIMR, is an investment officer and international equity value portfolio manager at MFS Investment Management® (MFS®). He is part of the portfolio management teams for International Intrinsic Value and Global Intrinsic Value strategies. In his role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Additionally, he participates in the research process and strategy discussions within the larger MFS value equity team. He is based in London. Ben joined MFS in 2005 as a member of the MFS European Research Equity investment team, serving as an equity analyst responsible for identifying and evaluating companies across several sectors, including pharmaceuticals, autos, investment banks and asset managers. He assumed his current position in 2008. He began his investment career in 1996 at Schroders Investment Management, where he served as an equity research analyst for nine years, covering pan- European building materials and retail companies. Ben earned a Bachelor of Arts degree from Durham University. He is IIMR-qualified (Investment Management and Research, UK) and a member of the CFA Institute (CFA Society of the UK).
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 09/30/24 (*YTD Updated Daily, As of 11/22/24 , subject to revision and not annualized.)The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.The performance shown is attributable in part to unusual market conditions. These conditions may not be repeated in the future.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 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 R6 shares are available without a sales charge to eligible investors.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/23 | Benchmark: Standard & Poor's 500 Stock Indexannual rate of return table 2023 At NAV 24.81 Standard & Poor's 500 Stock Index 26.29 At NAV Standard & Poor's 500 Stock Index 2023 24.81 26.29 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 11/22/24
- Net Asset Value (NAV): $12.68
- Change ($) (since 11/21/24 ): 0.10
- Change (%) (since 11/21/24 ): 0.79
- 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 11/23/24
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/11/23 12/12/23 12/13/23 Dividend 0.06347 10.72 Past performance is no guarantee of future results. Please consult your tax advisor for further information.