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Please note that this is an actively managed product.
Class I shares are only available to certain qualifying institutional investors.
Seeks capital appreciation measured in U.S. Dollars.
Emphasis on valuation, balance sheet leverage and maintaining a suitable margin of safety.
Focus on investments in companies with medium to large market capitalizations, but may invest in companies of any size.
Seeks to identify investment opportunities trading at a significant discount to their intrinsic value, due to adverse market sentiment, operating difficulties or going through a transition.
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.
Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios.
Geographic: Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.
Please see the prospectus for further information on these and other risk considerations.
As of 31-Jul-25
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, 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, 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 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).
No data currently available
Class I1 Roll-Up shares do not pay distributions to shareholders.
No data currently available
Class I1 Roll-Up shares do not pay distributions to shareholders.
Chart
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
NAV at Close of Trading on | Net Asset Value (NAV) |
---|
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.
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.
Available approximately 15 or 25 days after month end
Quarterly Attribution
Available approximately 25 days after quarter end
Calendar Year
As of 31-Jul-25
Chart
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
As of 31-Jul-25
characterstics | Equity Earning |
---|---|
Weighted Average Price/Earnings (next 12 months) | 13.31x |
Weighted Average Price/Cash Flow | 9.38x |
Weighted Average Price/Sales | 1.01x |
Weighted Average Price/Book | 1.62x |
Weighted Average IBES Long Term EPS Growth | 9.87% |
Weighted Average Dividend Yield | 2.75% |
Weighted Average Market Cap | $73.5b |
Weighted Median Market Cap | $33.5b |
Number of Issues | 34 |
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. |
96.08% |
Portfolio Turnover (U.S. Method)
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. |
- |
Portfolio Turnover (LUX Method)
Lux Method Turnover ratio is the percentage of a portfolio's assets that have changed over the course of a year: ((Purchases + Sales) - (Subscriptions + Redemptions))/Average Month End Assets |
- |
% in Stocks | 91.65% |
% Cash & Cash Equivalents | 8.38% |
% Other1 | -0.03% |
% in Top Ten | 38.36% |
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 31-Jul-25
10 Yr. | 5 Yr. | 3 Yr. | |
---|---|---|---|
Alpha | n/a | n/a | n/a |
Beta | n/a | n/a | n/a |
R-squared | n/a | n/a | n/a |
Standard Deviation % | n/a | n/a | n/a |
Sharpe Ratio | n/a | n/a | n/a |
Tracking Error | n/a | n/a | n/a |
Information Ratio | n/a | n/a | n/a |
Treynor Ratio | n/a | n/a | n/a |
Downside Capture % | n/a | n/a | n/a |
Upside Capture % | n/a | n/a | n/a |
As of 31-Jul-25
As of 31-Jul-25
Chart
As of 31-Jul-25
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
As of 31-Jul-25
As of 31-Jul-25
Region & Country | % Assets |
---|---|
Europe ex-U.K.
7 Countries |
40.88 |
France |
21.56 |
Germany |
7.15 |
Italy |
4.52 |
Sweden |
3.74 |
Netherlands |
2.74 |
Denmark |
1.16 |
Switzerland |
0.00 |
North America
2 Countries |
29.69 |
United States |
22.52 |
Canada |
7.17 |
United Kingdom
1 Countries |
9.87 |
United Kingdom |
9.87 |
Cash & Cash Equivalents
1 Countries |
8.38 |
Cash & Cash Equivalents |
8.38 |
Japan
1 Countries |
7.20 |
Japan |
7.20 |
Emerging Markets
1 Countries |
3.98 |
South Korea |
3.98 |
By Country |
---|
Chart
As of 31-Jul-25
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.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Product Presentation available approximately 25 days after quarter end.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Product Presentation available approximately 25 days after quarter end.
Seeks capital appreciation measured in U.S. Dollars.
Emphasis on valuation, balance sheet leverage and maintaining a suitable margin of safety.
Focus on investments in companies with medium to large market capitalizations, but may invest in companies of any size.
Seeks to identify investment opportunities trading at a significant discount to their intrinsic value, due to adverse market sentiment, operating difficulties or going through a transition.
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.
Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios.
Geographic: Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.
Please see the prospectus for further information on these and other risk considerations.
As of 31-Jul-25
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, 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, 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 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).
No data currently available
Class I1 Roll-Up shares do not pay distributions to shareholders.
No data currently available
Class I1 Roll-Up shares do not pay distributions to shareholders.
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
NAV at Close of Trading on | Net Asset Value (NAV) |
---|
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.
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.
Available approximately 15 or 25 days after month end
Quarterly Attribution
Available approximately 25 days after quarter end
Calendar Year
As of 31-Jul-25
Chart
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
As of 31-Jul-25
characterstics | Equity Earning |
---|---|
Weighted Average Price/Earnings (next 12 months) | 13.31x |
Weighted Average Price/Cash Flow | 9.38x |
Weighted Average Price/Sales | 1.01x |
Weighted Average Price/Book | 1.62x |
Weighted Average IBES Long Term EPS Growth | 9.87% |
Weighted Average Dividend Yield | 2.75% |
Weighted Average Market Cap | $73.5b |
Weighted Median Market Cap | $33.5b |
Number of Issues | 34 |
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. |
96.08% |
Portfolio Turnover (U.S. Method)
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. |
- |
Portfolio Turnover (LUX Method)
Lux Method Turnover ratio is the percentage of a portfolio's assets that have changed over the course of a year: ((Purchases + Sales) - (Subscriptions + Redemptions))/Average Month End Assets |
- |
% in Stocks | 91.65% |
% Cash & Cash Equivalents | 8.38% |
% Other1 | -0.03% |
% in Top Ten | 38.36% |
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 31-Jul-25
10 Yr. | 5 Yr. | 3 Yr. | |
---|---|---|---|
Alpha | n/a | n/a | n/a |
Beta | n/a | n/a | n/a |
R-squared | n/a | n/a | n/a |
Standard Deviation % | n/a | n/a | n/a |
Sharpe Ratio | n/a | n/a | n/a |
Tracking Error | n/a | n/a | n/a |
Information Ratio | n/a | n/a | n/a |
Treynor Ratio | n/a | n/a | n/a |
Downside Capture % | n/a | n/a | n/a |
Upside Capture % | n/a | n/a | n/a |
As of 31-Jul-25
As of 31-Jul-25
Chart
As of 31-Jul-25
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.
As of 31-Jul-25
As of 31-Jul-25
Region & Country | % Assets |
---|---|
Europe ex-U.K.
7 Countries |
40.88 |
France |
21.56 |
Germany |
7.15 |
Italy |
4.52 |
Sweden |
3.74 |
Netherlands |
2.74 |
Denmark |
1.16 |
Switzerland |
0.00 |
North America
2 Countries |
29.69 |
United States |
22.52 |
Canada |
7.17 |
United Kingdom
1 Countries |
9.87 |
United Kingdom |
9.87 |
Cash & Cash Equivalents
1 Countries |
8.38 |
Cash & Cash Equivalents |
8.38 |
Japan
1 Countries |
7.20 |
Japan |
7.20 |
Emerging Markets
1 Countries |
3.98 |
South Korea |
3.98 |
By Country |
---|
As of 31-Jul-25
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.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Product Presentation available approximately 25 days after quarter end.
Quarterly Portfolio Review is available approximately 25 days after quarter end.
Product Presentation available approximately 25 days after quarter end.