6 9

Asia Ex-Japan Fund

DISCLOSURES

THIS INFORMATION IS FOR MARKETING PURPOSES ONLY

Please note that this is an actively managed product. 

LU0870266045
$ 13.88
$0.18 As of 10-Jun-25
US$42M
As of 30-Apr-25

Asia Ex-Japan Fund

LU0870266045
$0.18 As of 10-Jun-25
As of 30-Apr-25
LU0870266045
$ 13.88
$0.18 As of 10-Jun-25
$42M
As of 30-Apr-25

Investment Objective

Seeks capital appreciation, measured in US dollars.

Investment Focus

Analyst run portfolio that looks for favorable growth prospects and attractive valuations in the Asia region (excluding Japan)

Country and industry weights driven by stock selection, not top-down allocations

Typically has been diversified by sector and invests across industries, styles and market capitalizations

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.

Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.

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.

Fund Information

  • Fund Inception 26-Sep-2005
  • Net Assets (US$ M) As of 30-Apr-25 US$42.78
  • Fiscal Year End JANUARY
  • SFDR Classification

    Article 6: Integrates sustainability risks into the investment process.

    Article 8: Systematically promotes a stated environmental or social characteristic and provides enhanced disclosure accordingly.

    Article 9: Typically for "impact" funds, which have a dual objective of financial return and specific environmental or social outcomes.
    Article 6
  • Benchmark MSCI All Country Asia (ex-Japan) Index (net div)

Share Class Information

  • Class Inception 19-Feb-2013
  • Net Asset Value (NAV) As of 10-Jun-25 $13.88
  • Most Recent NAV Change As of 10-Jun-25 $0.18 | 1.31%
  • ISIN LU0870266045
  • SEDOL B98ZF93
  • WKN A1KA2H
  • Bloomberg MFAPJN1 LX
  • CUSIP L6365R798
  • Maximum Sales Charge 3%
  • Benchmark MSCI All Country Asia (ex-Japan) Index (net div)

Managers

Team of Investment Professionals

Team of Investment Professionals
Sanjay Natarajan

Sanjay Natarajan

General Oversight

17 YEARS WITH PORTFOLIO

Top 10 Holdings

As of 30-Apr-25

  • Taiwan Semiconductor Manufacturing Co Ltd
  • Tencent Holdings Ltd
  • HDFC Bank Ltd
  • AIA Group Ltd
  • Alibaba Group Holding Ltd
  • DBS Group Holdings Ltd
  • Reliance Industries Ltd
  • Samsung Electronics Co Ltd
  • China Construction Bank Corp
  • China Merchants Bank Co Ltd
Full and Historical Holdings
The portfolio is actively managed, and current holdings may be different.

Performance

Collapse Expand
12 Month Total Returns

12 Month Total Returns (%)

12 Month Total Returns (%)

As of 31-May-25 [updated monthly]

These results represent the percent change in net asset value.
*YTD Updated Daily as of 09-Jun-25, subject to revision and not annualized.
12 month period ending:
31-May-21
or Life

Life performance is only shown when 5 years of performance is not available.
31-May-22 31-May-23 31-May-24 31-May-25 YTD % * Class Inception
Class N1 Shares, US Dollars at NAV 47.07 -22.25 -11.55 5.19 9.62 9.16 19-Feb-2013
Class N1 Shares, US Dollars With Max Sales Charges 42.66 -24.58 -14.21 2.03 6.33 5.89 19-Feb-2013
MSCI All Country Asia (ex-Japan) Index (net div) 51.52 -21.60 -8.08 11.23 14.83 - -
12 month period ending: Class N1 Shares, US Dollars at NAV Class N1 Shares, US Dollars With Max Sales Charges
31-May-21 or Life

Life performance is only shown when 5 years of performance is not available.
47.07 42.66
31-May-22 -22.25 -24.58
31-May-23 -11.55 -14.21
31-May-24 5.19 2.03
31-May-25 9.62 6.33
YTD % * 9.16 5.89
Class Inception 19-Feb-2013 19-Feb-2013

Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

Important Performance Information

Class N1 Front-End Roll-Up shares may be subject to a maximum 3% up-front sales charge and do not pay distributions to shareholders. The amount of sales charge payable may be negotiable with and may vary among Financial Intermediaries.

The Fund's investment strategy was changed on 1 August 2018; performance shown prior to this date reflects the Fund's prior investment strategy.

Average Annual Total Returns

Average Annual Total Returns (%)

Average Annual Total Returns (%)

These results represent the percent change in net asset value.

Updated monthly as of 31-May-25

*YTD Updated Daily as of 09-Jun-25, subject to revision and not annualized.

    Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    The source for all fund data is MFS. Source for benchmark performance: SPAR, FactSet Research Systems Inc.

    The Fund's benchmark is indicated for performance comparison only. 

    MORNINGSTAR RATING
    Morningstar View Overall Morningstar Ratings Information
    OVERALL
    Out Of Funds
    NA
    OVERALL MORNINGSTAR RATING
    NA
    THREE YEAR
    Out Of Funds
    NA
    FIVE YEAR
    Out Of Funds
    NA
    TEN YEAR
    Out Of Funds
    NA

    Important Performance Information

    Class N1 Front-End Roll-Up shares may be subject to a maximum 3% up-front sales charge and do not pay distributions to shareholders. The amount of sales charge payable may be negotiable with and may vary among Financial Intermediaries.

    The Fund's investment strategy was changed on 1 August 2018; performance shown prior to this date reflects the Fund's prior investment strategy.

    Annual Rate of Return

    Annual Rate of Return (%)

    As of 31-Dec-24

    |

    Benchmark: MSCI All Country Asia (ex-Japan) Index (net div)

    annual rate of return table
    Life

    Life performance as of  31-May-25
    		2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
    At NAV 2.37 -8.96 5.31 34.35 -13.21 18.38 23.97 -8.35 -20.63 -1.60 7.63
    With Max Sales Charges 2.11 -11.69 2.15 30.32 -15.82 14.83 20.25 -11.10 -23.01 -4.56 4.40
    MSCI All Country Asia (ex-Japan) Index (net div) - -9.17 5.44 41.72 -14.37 18.17 25.02 -4.72 -19.67 5.98 11.96
    At NAV With Max Sales Charges MSCI All Country Asia (ex-Japan) Index (net div)
    2024 7.63 4.4 11.96
    2023 -1.6 -4.56 5.98
    2022 -20.63 -23.01 -19.67
    2021 -8.35 -11.1 -4.72
    2020 23.97 20.25 25.02
    2019 18.38 14.83 18.17
    2018 -13.21 -15.82 -14.37
    2017 34.35 30.32 41.72
    2016 5.31 2.15 5.44
    2015 -8.96 -11.69 -9.17
    Life

    Life performance as of  31-May-25
    		2.37 2.11 -

    Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    Important Performance Information

    Class N1 Front-End Roll-Up shares may be subject to a maximum 3% up-front sales charge and do not pay distributions to shareholders. The amount of sales charge payable may be negotiable with and may vary among Financial Intermediaries.

    The Fund's investment strategy was changed on 1 August 2018; performance shown prior to this date reflects the Fund's prior investment strategy.

    Pricing & Distributions

    Pricing History

    • NAV at Close of Trading on:  10-Jun-25
    • Net Asset Value (NAV):  $13.88
    • Change ($) (since 09-Jun-25):  0.18
    • Change (%) (since 09-Jun-25):  1.31
    • 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

    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.

    There are no distributions for this share class or distributions are currently not available
    Performance Attribution

    Performance Attribution

    Guide

    Available approximately 15 or 25 days after month end

    Quarterly Attribution

    Available approximately 25 days after quarter end

    Year To Date (YTD)
    12 Month Attribution

    Calendar Year

    Portfolio & Holdings Information

    Portfolio characteristic data are based on unaudited net assets.

    The portfolio is actively managed, and current holdings may be different.

    Collapse Expand
    Sector, Holding & Characterstics

    Largest Sector Weights

    As of 30-Apr-25

    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 Dividend Yield:The equivalent exposure weighted average of the dividend yields of the securities held in the portfolio (or the equity segment of a multi asset class mandate).

    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 30-Apr-25

    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 12.14x
    Weighted Average Price/Cash Flow 10.37x
    Weighted Average Price/Sales 1.83x
    Weighted Average Price/Book 1.95x
    Weighted Average IBES Long Term EPS Growth 9.53%
    Weighted Average Dividend Yield 2.53%
    Weighted Average Market Cap $183.0b
    Weighted Median Market Cap $80.1b
    Number of Issues 67
    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.
    		58.32%
    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.
    		57.23%
    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
    		43.74%
    % in Stocks 99.63%
    % Cash & Cash Equivalents 0.37%
    % in Top Ten 39.62%

    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 30-Apr-25

    Benchmark
    MSCI All Country Asia (ex-Japan) Index (net div)
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha -1.63 -3.13 -4.23
    Beta 0.98 1.01 1.03
    R-squared 95.26 94.94 95.52
    Standard Deviation % 17.27 18.26 20.21
    Sharpe Ratio -0.01 -0.02 -0.25
    Tracking Error 3.77 4.11 4.32
    Information Ratio -0.47 -0.80 -1.01
    Treynor Ratio -0.09 -0.44 -4.83
    Downside Capture % 99.52 107.64 110.77
    Upside Capture % 92.36 93.39 92.07

    Top 10 Holdings

    As of 30-Apr-25

    • Taiwan Semiconductor Manufacturing Co Ltd
    • Tencent Holdings Ltd
    • HDFC Bank Ltd
    • AIA Group Ltd
    • Alibaba Group Holding Ltd
    • DBS Group Holdings Ltd
    • Reliance Industries Ltd
    • Samsung Electronics Co Ltd
    • China Construction Bank Corp
    • China Merchants Bank Co Ltd

    Full and Historical Holdings

    The portfolio is actively managed, and current holdings may be different.

    Type Of Holdings (%)

    As of 30-Apr-25

    Sector Weights (%)

    As of 30-Apr-25

    •  % Assets
    • Financial Services
      25.02
    • Technology
      24.14
    • Consumer Cyclicals
      17.77
    • Capital Goods
      14.76
    • Energy
      6.91
    • Consumer Staples
      5.63
    • Communication Services
      3.33
    • Health Care
      2.09
    • Cash & Cash Equivalents
      0.37

    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.  

    Exposures

    Currency Weights (%)

    As of 30-Apr-25

    • Hong Kong Dollar
      34.90
    • Indian Rupee
      18.48
    • Taiwan Dollar
      17.93
    • South Korean Won
      11.54
    • Chinese Renminbi
      6.85
    • Singapore Dollar
      3.54
    • Indonesian Rupiah
      2.78
    • Thailand Baht
      2.52
    • United States Dollar
      1.46
    Region & Country

    Region & Country

    As of 30-Apr-25

    Region & Country Table
    Region & Country % Assets
    Emerging Markets

    6 Countries

    87.84
    Asia/Pacific ex-Japan

    2 Countries

    10.69
    United Kingdom

    1 Countries

    1.10
    Cash & Cash Equivalents

    1 Countries

    0.37
    By Country Table
    By Country

    Top Country Weightings (%)

    As of 30-Apr-25

    • China
      33.50
    • India
      19.57
    • Taiwan
      17.93
    • South Korea
      11.54
    • Hong Kong
      7.15
    Important Characteristics Information
    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.

    Resources

    Collapse Expand
    Product Resources

    Fact Sheets are available approximately 15 days after month end.


    Full Holdings available approximately 25 days after month end.


    Quarterly Portfolio Review is available approximately 25 days after quarter end.


    Monthly Portfolio Review available approximately 15 days after month end.


    Available approximately 15 or 25 days after month end

    Product Presentation available approximately 25 days after quarter end.


    Quarterly Investment Update available approximately 25 days after quarter end.


    Monthly Investment Update available approximately 25 days after month end.
    Fund Documents & Fact Sheets

    Fund Documents & Fact Sheets

    Click here to view fund documents such as Key Investor Documents, Complete Prospectus, Annual Report, Semi Annual Report, Swing Pricing, and Fact Sheets. Some of these documents are available in other languages.
    • Overview

      Investment Objective

      Seeks capital appreciation, measured in US dollars.

      Investment Focus

      Analyst run portfolio that looks for favorable growth prospects and attractive valuations in the Asia region (excluding Japan)

      Country and industry weights driven by stock selection, not top-down allocations

      Typically has been diversified by sector and invests across industries, styles and market capitalizations

      Important Risk Considerations

      The fund may not achieve its objective and/or you could lose money on your investment in the fund.

      Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.

      Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.

      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.

      Fund Information

      • Fund Inception 26-Sep-2005
      • Net Assets (US$ M) As of 30-Apr-25 US$42.78
      • Fiscal Year End JANUARY
      • SFDR Classification

        Article 6: Integrates sustainability risks into the investment process.

        Article 8: Systematically promotes a stated environmental or social characteristic and provides enhanced disclosure accordingly.

        Article 9: Typically for "impact" funds, which have a dual objective of financial return and specific environmental or social outcomes.
        Article 6
      • Benchmark MSCI All Country Asia (ex-Japan) Index (net div)

      Share Class Information

      • Class Inception 19-Feb-2013
      • Net Asset Value (NAV) As of 10-Jun-25 $13.88
      • Most Recent NAV Change As of 10-Jun-25 $0.18 | 1.31%
      • ISIN LU0870266045
      • SEDOL B98ZF93
      • WKN A1KA2H
      • Bloomberg MFAPJN1 LX
      • CUSIP L6365R798
      • Maximum Sales Charge 3%
      • Benchmark MSCI All Country Asia (ex-Japan) Index (net div)

      Managers

      Team of Investment Professionals

      Team of Investment Professionals
      Sanjay Natarajan

      Sanjay Natarajan

      General Oversight

      17 YEARS WITH PORTFOLIO

      Top 10 Holdings

      As of 30-Apr-25

      • Taiwan Semiconductor Manufacturing Co Ltd
      • Tencent Holdings Ltd
      • HDFC Bank Ltd
      • AIA Group Ltd
      • Alibaba Group Holding Ltd
      • DBS Group Holdings Ltd
      • Reliance Industries Ltd
      • Samsung Electronics Co Ltd
      • China Construction Bank Corp
      • China Merchants Bank Co Ltd
      Full and Historical Holdings
      The portfolio is actively managed, and current holdings may be different.
    • Performance

      Performance

      Collapse Expand
      12 Month Total Returns

      12 Month Total Returns (%)

      12 Month Total Returns (%)

      As of 31-May-25 [updated monthly]

      These results represent the percent change in net asset value.
      *YTD Updated Daily as of 09-Jun-25, subject to revision and not annualized.
      12 month period ending:
      31-May-21
      or Life

      Life performance is only shown when 5 years of performance is not available.
      		31-May-22 31-May-23 31-May-24 31-May-25 YTD % * Class Inception
      Class N1 Shares, US Dollars at NAV 47.07 -22.25 -11.55 5.19 9.62 9.16 19-Feb-2013
      Class N1 Shares, US Dollars With Max Sales Charges 42.66 -24.58 -14.21 2.03 6.33 5.89 19-Feb-2013
      MSCI All Country Asia (ex-Japan) Index (net div) 51.52 -21.60 -8.08 11.23 14.83 - -
      12 month period ending: Class N1 Shares, US Dollars at NAV Class N1 Shares, US Dollars With Max Sales Charges
      31-May-21 or Life

      Life performance is only shown when 5 years of performance is not available.
      		47.07 42.66
      31-May-22 -22.25 -24.58
      31-May-23 -11.55 -14.21
      31-May-24 5.19 2.03
      31-May-25 9.62 6.33
      YTD % * 9.16 5.89
      Class Inception 19-Feb-2013 19-Feb-2013

      Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

      Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

      Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

      Important Performance Information

      Class N1 Front-End Roll-Up shares may be subject to a maximum 3% up-front sales charge and do not pay distributions to shareholders. The amount of sales charge payable may be negotiable with and may vary among Financial Intermediaries.

      The Fund's investment strategy was changed on 1 August 2018; performance shown prior to this date reflects the Fund's prior investment strategy.

      Average Annual Total Returns

      Average Annual Total Returns (%)

      Average Annual Total Returns (%)

      These results represent the percent change in net asset value.

      Updated monthly as of 31-May-25

      *YTD Updated Daily as of 09-Jun-25, subject to revision and not annualized.

        Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

        Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

        Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

        The source for all fund data is MFS. Source for benchmark performance: SPAR, FactSet Research Systems Inc.

        The Fund's benchmark is indicated for performance comparison only. 

        MORNINGSTAR RATING
        Morningstar View Overall Morningstar Ratings Information
        OVERALL
        Out Of Funds
        NA
        OVERALL MORNINGSTAR RATING
        NA
        THREE YEAR
        Out Of Funds
        NA
        FIVE YEAR
        Out Of Funds
        NA
        TEN YEAR
        Out Of Funds
        NA

        Important Performance Information

        Class N1 Front-End Roll-Up shares may be subject to a maximum 3% up-front sales charge and do not pay distributions to shareholders. The amount of sales charge payable may be negotiable with and may vary among Financial Intermediaries.

        The Fund's investment strategy was changed on 1 August 2018; performance shown prior to this date reflects the Fund's prior investment strategy.

        Annual Rate of Return

        Annual Rate of Return (%)

        As of 31-Dec-24

        |

        Benchmark: MSCI All Country Asia (ex-Japan) Index (net div)

        annual rate of return table
        Life

        Life performance as of  31-May-25
        		2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
        At NAV 2.37 -8.96 5.31 34.35 -13.21 18.38 23.97 -8.35 -20.63 -1.60 7.63
        With Max Sales Charges 2.11 -11.69 2.15 30.32 -15.82 14.83 20.25 -11.10 -23.01 -4.56 4.40
        MSCI All Country Asia (ex-Japan) Index (net div) - -9.17 5.44 41.72 -14.37 18.17 25.02 -4.72 -19.67 5.98 11.96
        At NAV With Max Sales Charges MSCI All Country Asia (ex-Japan) Index (net div)
        2024 7.63 4.4 11.96
        2023 -1.6 -4.56 5.98
        2022 -20.63 -23.01 -19.67
        2021 -8.35 -11.1 -4.72
        2020 23.97 20.25 25.02
        2019 18.38 14.83 18.17
        2018 -13.21 -15.82 -14.37
        2017 34.35 30.32 41.72
        2016 5.31 2.15 5.44
        2015 -8.96 -11.69 -9.17
        Life

        Life performance as of  31-May-25
        		2.37 2.11 -

        Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

        Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

        Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

        Important Performance Information

        Class N1 Front-End Roll-Up shares may be subject to a maximum 3% up-front sales charge and do not pay distributions to shareholders. The amount of sales charge payable may be negotiable with and may vary among Financial Intermediaries.

        The Fund's investment strategy was changed on 1 August 2018; performance shown prior to this date reflects the Fund's prior investment strategy.

        Pricing & Distributions

        Pricing History

        • NAV at Close of Trading on:  10-Jun-25
        • Net Asset Value (NAV):  $13.88
        • Change ($) (since 09-Jun-25):  0.18
        • Change (%) (since 09-Jun-25):  1.31
        • Market Price (MP): 
        Maximum data displayed is for the most recent 10 years
        Historical NAV Lookup
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        Historical Exit Price Table
        NAV at Close of Trading on Net Asset Value (NAV)
        No Data Available

        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.

        There are no distributions for this share class or distributions are currently not available
        Performance Attribution

        Performance Attribution

        Guide

        Available approximately 15 or 25 days after month end

        Quarterly Attribution

        Available approximately 25 days after quarter end

        Year To Date (YTD)
        12 Month Attribution

        Calendar Year

      • Portfolio & Holdings Information

        Portfolio & Holdings Information

        Portfolio characteristic data are based on unaudited net assets.

        The portfolio is actively managed, and current holdings may be different.

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        Sector, Holding & Characterstics

        Largest Sector Weights

        As of 30-Apr-25

        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 Dividend Yield:The equivalent exposure weighted average of the dividend yields of the securities held in the portfolio (or the equity segment of a multi asset class mandate).

        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 30-Apr-25

        Data table of holding characteristics
        characterstics Equity Earning
        Weighted Average Price/Earnings (next 12 months) 12.14x
        Weighted Average Price/Cash Flow 10.37x
        Weighted Average Price/Sales 1.83x
        Weighted Average Price/Book 1.95x
        Weighted Average IBES Long Term EPS Growth 9.53%
        Weighted Average Dividend Yield 2.53%
        Weighted Average Market Cap $183.0b
        Weighted Median Market Cap $80.1b
        Number of Issues 67
        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.
        		58.32%
        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.
        		57.23%
        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
        		43.74%
        % in Stocks 99.63%
        % Cash & Cash Equivalents 0.37%
        % in Top Ten 39.62%

        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 30-Apr-25

        Benchmark
        MSCI All Country Asia (ex-Japan) Index (net div)
        Performance Statistics Table
        10 Yr. 5 Yr. 3 Yr.
        Alpha -1.63 -3.13 -4.23
        Beta 0.98 1.01 1.03
        R-squared 95.26 94.94 95.52
        Standard Deviation % 17.27 18.26 20.21
        Sharpe Ratio -0.01 -0.02 -0.25
        Tracking Error 3.77 4.11 4.32
        Information Ratio -0.47 -0.80 -1.01
        Treynor Ratio -0.09 -0.44 -4.83
        Downside Capture % 99.52 107.64 110.77
        Upside Capture % 92.36 93.39 92.07

        Top 10 Holdings

        As of 30-Apr-25

        • Taiwan Semiconductor Manufacturing Co Ltd
        • Tencent Holdings Ltd
        • HDFC Bank Ltd
        • AIA Group Ltd
        • Alibaba Group Holding Ltd
        • DBS Group Holdings Ltd
        • Reliance Industries Ltd
        • Samsung Electronics Co Ltd
        • China Construction Bank Corp
        • China Merchants Bank Co Ltd

        Full and Historical Holdings

        The portfolio is actively managed, and current holdings may be different.

        Type Of Holdings (%)

        As of 30-Apr-25

        Sector Weights (%)

        As of 30-Apr-25

        •  % Assets
        • Financial Services
          25.02
        • Technology
          24.14
        • Consumer Cyclicals
          17.77
        • Capital Goods
          14.76
        • Energy
          6.91
        • Consumer Staples
          5.63
        • Communication Services
          3.33
        • Health Care
          2.09
        • Cash & Cash Equivalents
          0.37

        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.  

        Exposures

        Currency Weights (%)

        As of 30-Apr-25

        • Hong Kong Dollar
          34.90
        • Indian Rupee
          18.48
        • Taiwan Dollar
          17.93
        • South Korean Won
          11.54
        • Chinese Renminbi
          6.85
        • Singapore Dollar
          3.54
        • Indonesian Rupiah
          2.78
        • Thailand Baht
          2.52
        • United States Dollar
          1.46
        Region & Country

        Region & Country

        As of 30-Apr-25

        Region & Country Table
        Region & Country % Assets
        Emerging Markets

        6 Countries

        87.84
        Asia/Pacific ex-Japan

        2 Countries

        10.69
        United Kingdom

        1 Countries

        1.10
        Cash & Cash Equivalents

        1 Countries

        0.37
        By Country Table
        By Country

        Top Country Weightings (%)

        As of 30-Apr-25

        • China
          33.50
        • India
          19.57
        • Taiwan
          17.93
        • South Korea
          11.54
        • Hong Kong
          7.15
        Important Characteristics Information
        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.

      • Resources

        Resources

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        Product Resources

        Fact Sheets are available approximately 15 days after month end.


        Full Holdings available approximately 25 days after month end.


        Quarterly Portfolio Review is available approximately 25 days after quarter end.


        Monthly Portfolio Review available approximately 15 days after month end.


        Available approximately 15 or 25 days after month end

        Product Presentation available approximately 25 days after quarter end.


        Quarterly Investment Update available approximately 25 days after quarter end.


        Monthly Investment Update available approximately 25 days after month end.
        Fund Documents & Fact Sheets

        Fund Documents & Fact Sheets

        Click here to view fund documents such as Key Investor Documents, Complete Prospectus, Annual Report, Semi Annual Report, Swing Pricing, and Fact Sheets. Some of these documents are available in other languages.
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