Broadly diversified by sector, invests across regions, industries, styles, and market capitalizations
Company specific stock selection, not country specific
Fund Information
Fund Commencement
05/06/1998
Net Assets
($
M)
As of 07/31/24
$481.21
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Index measures the non-US stock market.
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Share Class Information
Class Inception
05/06/1998
Net Asset Value (NAV)
As of 09/09/24
$18.06
Most Recent NAV Change
As of 09/09/24
$0.13
|
0.73%
CUSIP
55274F356
Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
0.96%
Net Expense Ratio
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 04/30/25
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.
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.
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.
Team of Investment Professionals
The team of investment professionals works with the Fund's portfolio manager to determine the asset allocation among the underlying MFS Funds in which the Fund invests. The team is comprised of analysts and portfolio managers who apply quantitative research across multiple factors to determine investment opportunities. These factors look to incorporate intuitive factors with sound economic rationale that provide systematic objective appraisals of company fundamentals and valuation, complementing our traditional fundamental research process.
John Mahoney, CFA
General Oversight
20
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
20
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
John W. Mahoney, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). John serves as a portfolio manager for the International Diversification? and International Research strategies. He also serves as an institutional portfolio manager for the firm's International Intrinsic Value and U.S. Intrinsic Value strategies. As an institutional portfolio manager, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows.
John joined the firm in 2005. He served as a senior strategist--investment product specialist before becoming a portfolio manager and institutional portfolio manager in 2024.
John earned a bachelor's degree from Bentley College. He is a CFA charter holder and is a member of the CFA Society Boston, Inc.
Nicholas Paul, CFA
General Oversight
26
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
26
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
Nicholas J. Paul, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). Nicholas serves as a portfolio manager of the International Diversification strategy. He also serves as an institutional portfolio manager and member of the following portfolio management teams: International Growth Equity, International Large Cap Value Equity, Global Small-Mid Cap Equity and European Smaller Companies. As an institutional portfolio manager, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows.
Nicholas joined the firm in 2010. He served as an investment product specialist before becoming an institutional portfolio manager in 2018 and being named portfolio manager in 2022. Prior to joining the firm, he spent nine years at Putnam Investments as a vice president and investment product manager. He began his career in financial services in 1999.
Nicholas earned a bachelor's degree from West Virginia University and a Master of Business Administration degree with honors from Boston College's Carroll School of Management. He is a CFA charter holder and a member of CFA Society Boston, Inc.
These results represent the percent change in net asset value.
Monthly|QuarterlyAs of
06/30/24
(*YTD Updated
Daily,
As of 09/09/24 , subject to revision and not annualized.)
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products. Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize. Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return
Annual Rate of Return (%)
As of
12/31/23|Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)
annual rate of return table
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
At NAV
-6.88
-1.96
-0.70
28.29
-14.12
28.04
12.95
11.57
-17.58
13.01
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
-4.90
-0.81
1.00
25.03
-13.79
22.01
7.82
11.26
-14.45
18.24
At NAV
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
2023
13.01
18.24
2022
-17.58
-14.45
2021
11.57
11.26
2020
12.95
7.82
2019
28.04
22.01
2018
-14.12
-13.79
2017
28.29
25.03
2016
-0.7
1.0
2015
-1.96
-0.81
2014
-6.88
-4.9
Pricing & Distributions
Pricing History
NAV at Close of Trading on:
09/09/24
Net Asset Value (NAV):
$18.06
Change
($) (since
09/06/24
):
0.13
Change (%) (since
09/06/24
):
0.73
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.
Historical Exit Price Table
NAV at Close of Trading on
Net Asset Value (NAV)
No Data Available
Portfolio & Holdings Information
Portfolio characteristic data are based on unaudited net assets.
The portfolio is actively managed, and current holdings may be different.
The sectors described and the associated portfolio composition are based on MFS' own sector classification methodology which differs from industry classification standards, including the standard that is associated with the benchmark composition presented. The variance in sector weights between the portfolio and the benchmark would be different if an industry classification standard was used.
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 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
07/31/24
Data table of holding characteristics
characterstics
Equity Earning
Weighted Average Price/Earnings (next 12 months)
15.41x
Weighted Average Price/Cash Flow
12.73x
Weighted Average Price/Sales
1.78x
Weighted Average Price/Book
2.22x
Weighted Average IBES Long Term EPS Growth
11.70%
Weighted Average Market Cap
$117.9b
Weighted Median Market Cap
$66.8b
Number of Issues
109
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.
74.86%
Portfolio Turnover
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.
20.19%
% in Stocks
98.29%
% Cash & Cash Equivalents
1.71%
% in Top Ten
25.24%
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
07/31/24
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
0.32
0.22
-2.34
Beta
0.95
0.94
0.99
R-squared
95.23
95.41
95.75
Standard Deviation %
14.73
17.04
17.27
Sharpe Ratio
0.23
0.29
-0.12
Tracking Error
3.32
3.81
3.56
Information Ratio
0.02
-0.05
-0.70
Treynor Ratio
3.59
5.27
-2.13
Downside Capture %
96.20
98.37
104.81
Upside Capture %
97.19
98.05
94.89
Top 10 Holdings
As of
07/31/24
Novo Nordisk AS
Schneider Electric SE
Linde PLC
Roche Holding AG
Hitachi Ltd
Nestle SA
LVMH Moet Hennessy Louis Vuitton SE
NatWest Group PLC
TotalEnergies SE
BNP Paribas SA
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
As of
07/31/24
Sector Weights (%)
As of
07/31/24
% Assets
Capital Goods
24.82
Financial Services
22.02
Health Care
13.11
Technology
12.72
Consumer Cyclicals
8.46
Energy
7.40
Consumer Staples
7.14
Telecom / CATV
2.61
Cash & Cash Equivalents
1.70
Other1
0.00
The sectors described and the associated portfolio composition are based on MFS' own sector classification methodology which differs from industry classification standards, including the standard that is associated with the benchmark composition presented. The variance in sector weights between the portfolio and the benchmark would be different if an industry classification standard was used.
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.
Fees
0.89% Net Expense Ratio
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 04/30/25
0.96% Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
MFS VIT II – MFS Research International Portfolio: Portfolio Manager Update
This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
Variable Insurance Portfolios are available solely as underlying investment options issued or administered by life insurance companies. The information provided on this page is to help you consider the objectives, risks, charges, and expenses associated with these underlying investment option(s). Contact your investment or insurance professional for important information about the variable life insurance and variable annuity products that hold these investment options.
MFS registered investment products are offered through MFS® Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199.
Broadly diversified by sector, invests across regions, industries, styles, and market capitalizations
Company specific stock selection, not country specific
Fund Information
Fund Commencement
05/06/1998
Net Assets
($
M)
As of 07/31/24
$481.21
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Index measures the non-US stock market.
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Share Class Information
Class Inception
05/06/1998
Net Asset Value (NAV)
As of 09/09/24
$18.06
Most Recent NAV Change
As of 09/09/24
$0.13
|
0.73%
CUSIP
55274F356
Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
0.96%
Net Expense Ratio
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 04/30/25
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.
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.
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.
Team of Investment Professionals
The team of investment professionals works with the Fund's portfolio manager to determine the asset allocation among the underlying MFS Funds in which the Fund invests. The team is comprised of analysts and portfolio managers who apply quantitative research across multiple factors to determine investment opportunities. These factors look to incorporate intuitive factors with sound economic rationale that provide systematic objective appraisals of company fundamentals and valuation, complementing our traditional fundamental research process.
John Mahoney, CFA
General Oversight
20
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
20
YEARS WITH INDUSTRY
1
YEAR WITH PORTFOLIO
John W. Mahoney, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). John serves as a portfolio manager for the International Diversification? and International Research strategies. He also serves as an institutional portfolio manager for the firm's International Intrinsic Value and U.S. Intrinsic Value strategies. As an institutional portfolio manager, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows.
John joined the firm in 2005. He served as a senior strategist--investment product specialist before becoming a portfolio manager and institutional portfolio manager in 2024.
John earned a bachelor's degree from Bentley College. He is a CFA charter holder and is a member of the CFA Society Boston, Inc.
Nicholas Paul, CFA
General Oversight
26
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
26
YEARS WITH INDUSTRY
2
YEARS WITH PORTFOLIO
Nicholas J. Paul, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). Nicholas serves as a portfolio manager of the International Diversification strategy. He also serves as an institutional portfolio manager and member of the following portfolio management teams: International Growth Equity, International Large Cap Value Equity, Global Small-Mid Cap Equity and European Smaller Companies. As an institutional portfolio manager, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows.
Nicholas joined the firm in 2010. He served as an investment product specialist before becoming an institutional portfolio manager in 2018 and being named portfolio manager in 2022. Prior to joining the firm, he spent nine years at Putnam Investments as a vice president and investment product manager. He began his career in financial services in 1999.
Nicholas earned a bachelor's degree from West Virginia University and a Master of Business Administration degree with honors from Boston College's Carroll School of Management. He is a CFA charter holder and a member of CFA Society Boston, Inc.
These results represent the percent change in net asset value.
Monthly|QuarterlyAs of
06/30/24
(*YTD Updated
Daily,
As of 09/09/24 , subject to revision and not annualized.)
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products. Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize. Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return
Annual Rate of Return (%)
As of
12/31/23|Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)
annual rate of return table
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
At NAV
-6.88
-1.96
-0.70
28.29
-14.12
28.04
12.95
11.57
-17.58
13.01
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
-4.90
-0.81
1.00
25.03
-13.79
22.01
7.82
11.26
-14.45
18.24
At NAV
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
2023
13.01
18.24
2022
-17.58
-14.45
2021
11.57
11.26
2020
12.95
7.82
2019
28.04
22.01
2018
-14.12
-13.79
2017
28.29
25.03
2016
-0.7
1.0
2015
-1.96
-0.81
2014
-6.88
-4.9
Pricing & Distributions
Pricing History
NAV at Close of Trading on:
09/09/24
Net Asset Value (NAV):
$18.06
Change
($) (since
09/06/24
):
0.13
Change (%) (since
09/06/24
):
0.73
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 sectors described and the associated portfolio composition are based on MFS' own sector classification methodology which differs from industry classification standards, including the standard that is associated with the benchmark composition presented. The variance in sector weights between the portfolio and the benchmark would be different if an industry classification standard was used.
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 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
07/31/24
Data table of holding characteristics
characterstics
Equity Earning
Weighted Average Price/Earnings (next 12 months)
15.41x
Weighted Average Price/Cash Flow
12.73x
Weighted Average Price/Sales
1.78x
Weighted Average Price/Book
2.22x
Weighted Average IBES Long Term EPS Growth
11.70%
Weighted Average Market Cap
$117.9b
Weighted Median Market Cap
$66.8b
Number of Issues
109
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.
74.86%
Portfolio Turnover
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.
20.19%
% in Stocks
98.29%
% Cash & Cash Equivalents
1.71%
% in Top Ten
25.24%
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
07/31/24
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Performance Statistics Table
10 Yr.
5 Yr.
3 Yr.
Alpha
0.32
0.22
-2.34
Beta
0.95
0.94
0.99
R-squared
95.23
95.41
95.75
Standard Deviation %
14.73
17.04
17.27
Sharpe Ratio
0.23
0.29
-0.12
Tracking Error
3.32
3.81
3.56
Information Ratio
0.02
-0.05
-0.70
Treynor Ratio
3.59
5.27
-2.13
Downside Capture %
96.20
98.37
104.81
Upside Capture %
97.19
98.05
94.89
Top 10 Holdings
As of
07/31/24
Novo Nordisk AS
Schneider Electric SE
Linde PLC
Roche Holding AG
Hitachi Ltd
Nestle SA
LVMH Moet Hennessy Louis Vuitton SE
NatWest Group PLC
TotalEnergies SE
BNP Paribas SA
The portfolio is actively managed, and current holdings may be different.
Type Of Holdings (%)
As of
07/31/24
Sector Weights (%)
As of
07/31/24
% Assets
Capital Goods
24.82
Financial Services
22.02
Health Care
13.11
Technology
12.72
Consumer Cyclicals
8.46
Energy
7.40
Consumer Staples
7.14
Telecom / CATV
2.61
Cash & Cash Equivalents
1.70
Other1
0.00
The sectors described and the associated portfolio composition are based on MFS' own sector classification methodology which differs from industry classification standards, including the standard that is associated with the benchmark composition presented. The variance in sector weights between the portfolio and the benchmark would be different if an industry classification standard was used.
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.
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 04/30/25
0.96% Gross Expense Ratio
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
MFS VIT II – MFS Research International Portfolio: Portfolio Manager Update
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