INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Focuses on international 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 10/02/1995
- Net Assets ($ M) As of 03/31/25 $1395.36
-
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Value Index measures non-US value stocks.MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Share Class Information
- Class Inception 10/02/1995
- Net Asset Value (NAV) As of 04/23/25 $32.48
- Most Recent NAV Change As of 04/23/25 $0.28 | 0.87%
- CUSIP 55274F455
-
Gross Expense Ratio
0.91%
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
0.89%
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
MANAGERS
Top 10 Holdings
- Franco-Nevada Corp
- NatWest Group PLC
- TotalEnergies SE
- CaixaBank
- Deutsche Boerse AG
- Taiwan Semiconductor Manufacturing Co Ltd ADR
- Schneider Electric SE
- Legrand SA
- AIB Group PLC
- Resona Holdings Inc
Important Risk Considerations
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.
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.
Philip Evans
Portfolio Manager
Philip Evans is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). He is a member of the firm's Global Intrinsic Value and International Intrinsic Value strategies and is responsible for buy and sell decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions. He is based in London. Phil joined MFS in 2011 as an equity research analyst. In 2019, he took on portfolio management responsibilities for the firm's European Core Equity strategy and added his current portfolio management duties in 2020. He was previously an equity analyst with Baillie Gifford & Co. for three years. Phil earned a master's degree, first class, from the University of St. Andrews.
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 (%)
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.
Important Performance Information
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 (%)
As of 12/31/24 | Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 6.65 | 4.05 | 27.14 | -9.49 | 25.94 | 20.52 | 10.55 | -23.56 | 17.66 | 7.25 |
| MSCI EAFE (Europe, Australasia, Far East) Index (net div) | -0.81 | 1.00 | 25.03 | -13.79 | 22.01 | 7.82 | 11.26 | -14.45 | 18.24 | 3.82 |
| At NAV | MSCI EAFE (Europe, Australasia, Far East) Index (net div) | |
|---|---|---|
| 2024 | 7.25 | 3.82 |
| 2023 | 17.66 | 18.24 |
| 2022 | -23.56 | -14.45 |
| 2021 | 10.55 | 11.26 |
| 2020 | 20.52 | 7.82 |
| 2019 | 25.94 | 22.01 |
| 2018 | -9.49 | -13.79 |
| 2017 | 27.14 | 25.03 |
| 2016 | 4.05 | 1.0 |
| 2015 | 6.65 | -0.81 |
Pricing History
- NAV at Close of Trading on: 04/23/25
- Net Asset Value (NAV): $32.48
- Change ($) (since 04/22/25 ): 0.28
- Change (%) (since 04/22/25 ): 0.87
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Focuses on international 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 10/02/1995
- Net Assets ($ M) As of 03/31/25 $1395.36
-
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Value Index measures non-US value stocks.MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Share Class Information
- Class Inception 10/02/1995
- Net Asset Value (NAV) As of 04/23/25 $32.48
- Most Recent NAV Change As of 04/23/25 $0.28 | 0.87%
- CUSIP 55274F455
-
Gross Expense Ratio
0.91%
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
0.89%
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
MANAGERS
Top 10 Holdings
As of 03/31/25- Franco-Nevada Corp
- NatWest Group PLC
- TotalEnergies SE
- CaixaBank
- Deutsche Boerse AG
- Taiwan Semiconductor Manufacturing Co Ltd ADR
- Schneider Electric SE
- Legrand SA
- AIB Group PLC
- Resona Holdings Inc
Important Risk Considerations
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.
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.
Philip Evans
Portfolio Manager
17YEARS WITH INDUSTRY
5YEARS WITH PORTFOLIOPhilip Evans is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). He is a member of the firm's Global Intrinsic Value and International Intrinsic Value strategies and is responsible for buy and sell decisions, portfolio construction, risk control and cash management. He also participates in the research process and strategy discussions. He is based in London. Phil joined MFS in 2011 as an equity research analyst. In 2019, he took on portfolio management responsibilities for the firm's European Core Equity strategy and added his current portfolio management duties in 2020. He was previously an equity analyst with Baillie Gifford & Co. for three years. Phil earned a master's degree, first class, from the University of St. Andrews.
Benjamin Stone, IIMR
Portfolio Manager
29YEARS WITH INDUSTRY
16YEARS 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 03/31/25 (*YTD Updated Daily, As of 04/22/25 , 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.
Important Performance Information
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 ReturnAnnual Rate of Return (%)
As of 12/31/24 | Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)annual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 6.65 4.05 27.14 -9.49 25.94 20.52 10.55 -23.56 17.66 7.25 MSCI EAFE (Europe, Australasia, Far East) Index (net div) -0.81 1.00 25.03 -13.79 22.01 7.82 11.26 -14.45 18.24 3.82 At NAV MSCI EAFE (Europe, Australasia, Far East) Index (net div) 2024 7.25 3.82 2023 17.66 18.24 2022 -23.56 -14.45 2021 10.55 11.26 2020 20.52 7.82 2019 25.94 22.01 2018 -9.49 -13.79 2017 27.14 25.03 2016 4.05 1.0 2015 6.65 -0.81 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 04/23/25
- Net Asset Value (NAV): $32.48
- Change ($) (since 04/22/25 ): 0.28
- Change (%) (since 04/22/25 ): 0.87
- 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.