Global Intrinsic Value Fund
THIS INFORMATION IS FOR MARKETING PURPOSES ONLY
Please note that this is an actively managed product.
Class I shares are only available to certain qualifying institutional investors.
Global Intrinsic Value Fund
Investment Objective
Seeks capital appreciation, measured in US dollars.
Investment Focus
Differentiated fundamental research and valuation framework
Emphasis on intrinsic value and long-term investment perspective
Patient, contrarian approach with focus on downside risk management
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.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 15-Feb-2019
- Net Assets (US$ M) As of 31-May-25 US$50.78
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark MSCI World Index (net div)
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 11-Jun-25 $200.75
- Most Recent NAV Change As of 11-Jun-25 $0.11 | 0.05%
- ISIN LU2971678714
- SEDOL BT8SCS0
- WKN A40Z26
- Bloomberg MFGIVIF LX
- CUSIP L6367C583
- Maximum Sales Charge --
- Benchmark MSCI World Index (net div)
Managers
Top 10 Holdings
As of 31-May-25
- Microsoft Corp
- Amazon.com Inc
- Taiwan Semiconductor Manufacturing Co Ltd ADR
- NatWest Group PLC
- Franco-Nevada Corp
- Wheaton Precious Metals Corp
- AIB Group PLC
- CME Group Inc
- Charles Schwab Corp
- CaixaBank
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).
Victoria Higley, ASIP
Institutional Portfolio Manager
Victoria Higley, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In her role, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. She is also responsible for communicating investment policy, strategy and positioning. Victoria joined MFS in 2011 in her current role. Before that she spent three years at Fidelity International as a UK institutional client director and 14 years at UBS Asset Management as a UK institutional client director, pan-European equity analyst and UK portfolio manager. She began her career in the financial services industry in 1994. Victoria holds a bachelor's degree from Durham University. She is a regular member of the CFA Institute and an Associate of the CFA Society of the UK (ASIP).
Performance
- 12 Month Total Returns
- Average Annual Total Returns
- Annual Rate of Return
- Pricing & Distributions
- Performance Attribution
12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-May-25 [updated monthly]
| 12 month period ending: |
31-May-21
or Life
|
31-May-22 | 31-May-23 | 31-May-24 | 31-May-25 | YTD % | Class Inception |
|---|---|---|---|---|---|---|---|
| Class IF1 Shares, US Dollars at NAV | 33.86 | -11.13 | 5.13 | 19.63 | 11.58 | 12.04 | 19-Feb-2025 |
| MSCI World Index (net div) | 40.63 | -4.82 | 2.07 | 24.92 | 13.72 | - | - |
| 12 month period ending: | Class IF1 Shares, US Dollars at NAV | |
|---|---|---|
| 31-May-21 or Life | 33.86 | |
| 31-May-22 | -11.13 | |
| 31-May-23 | 5.13 | |
| 31-May-24 | 19.63 | |
| 31-May-25 | 11.58 | |
| YTD % | 12.04 | |
| Class Inception | 19-Feb-2025 | 19-Feb-2025 |
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 I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Average Annual Total Returns (%)
Average Annual Total Returns (%)
Updated monthly as of 31-May-25
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 I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Annual Rate of Return (%)
As of 31-Dec-24
|Benchmark: MSCI World Index (net div)
|
Life
|
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| At NAV | 11.43 | 25.06 | 21.33 | -23.91 | 21.82 | 8.29 |
| MSCI World Index (net div) | - | 15.90 | 21.82 | -18.14 | 23.79 | 18.67 |
| At NAV | MSCI World Index (net div) | |
|---|---|---|
| 2024 | 8.29 | 18.67 |
| 2023 | 21.82 | 23.79 |
| 2022 | -23.91 | -18.14 |
| 2021 | 21.33 | 21.82 |
| 2020 | 25.06 | 15.9 |
| 11.43 | - |
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 I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Pricing History
- NAV at Close of Trading on: 11-Jun-25
- Net Asset Value (NAV): $200.75
- Change ($) (since 10-Jun-25): 0.11
- Change (%) (since 10-Jun-25): 0.05
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Distributions
Performance Attribution
GuideAvailable 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
-
Overview
Investment Objective
Seeks capital appreciation, measured in US dollars.
Investment Focus
Differentiated fundamental research and valuation framework
Emphasis on intrinsic value and long-term investment perspective
Patient, contrarian approach with focus on downside risk management
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.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 15-Feb-2019
- Net Assets (US$ M) As of 31-May-25 US$50.78
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark MSCI World Index (net div)
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 11-Jun-25 $200.75
- Most Recent NAV Change As of 11-Jun-25 $0.11 | 0.05%
- ISIN LU2971678714
- SEDOL BT8SCS0
- WKN A40Z26
- Bloomberg MFGIVIF LX
- CUSIP L6367C583
- Maximum Sales Charge --
- Benchmark MSCI World Index (net div)
Managers
Top 10 Holdings
As of 31-May-25
- Microsoft Corp
- Amazon.com Inc
- Taiwan Semiconductor Manufacturing Co Ltd ADR
- NatWest Group PLC
- Franco-Nevada Corp
- Wheaton Precious Metals Corp
- AIB Group PLC
- CME Group Inc
- Charles Schwab Corp
- CaixaBank
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
6YEARS 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).
Victoria Higley, ASIP
Institutional Portfolio Manager
31YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIOVictoria Higley, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In her role, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. She is also responsible for communicating investment policy, strategy and positioning. Victoria joined MFS in 2011 in her current role. Before that she spent three years at Fidelity International as a UK institutional client director and 14 years at UBS Asset Management as a UK institutional client director, pan-European equity analyst and UK portfolio manager. She began her career in the financial services industry in 1994. Victoria holds a bachelor's degree from Durham University. She is a regular member of the CFA Institute and an Associate of the CFA Society of the UK (ASIP).
-
Performance
Performance
- 12 Month Total Returns
- Average Annual Total Returns
- Annual Rate of Return
- Pricing & Distributions
- Performance Attribution
12 Month Total Returns12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-May-25 [updated monthly]
12 month period ending: 31-May-21or Life31-May-22 31-May-23 31-May-24 31-May-25 YTD % Class Inception Class IF1 Shares, US Dollars at NAV 33.86 -11.13 5.13 19.63 11.58 12.04 19-Feb-2025 MSCI World Index (net div) 40.63 -4.82 2.07 24.92 13.72 - - 12 month period ending: Class IF1 Shares, US Dollars at NAV 31-May-21 or Life 33.86 31-May-22 -11.13 31-May-23 5.13 31-May-24 19.63 31-May-25 11.58 YTD % 12.04 Class Inception 19-Feb-2025 19-Feb-2025 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 I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Average Annual Total ReturnsAverage Annual Total Returns (%)
Average Annual Total Returns (%)
Updated monthly as of 31-May-25
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.
MORNINGSTAR RATINGImportant Performance Information
Class I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 31-Dec-24
|Benchmark: MSCI World Index (net div)
annual rate of return table Life2020 2021 2022 2023 2024 At NAV 11.43 25.06 21.33 -23.91 21.82 8.29 MSCI World Index (net div) - 15.90 21.82 -18.14 23.79 18.67 At NAV MSCI World Index (net div) 2024 8.29 18.67 2023 21.82 23.79 2022 -23.91 -18.14 2021 21.33 21.82 2020 25.06 15.9 11.43 - 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 I1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.
At this time these share classes will only be available in a limited selection of currencies.
Pricing & DistributionsPricing History
- NAV at Close of Trading on: 11-Jun-25
- Net Asset Value (NAV): $200.75
- Change ($) (since 10-Jun-25): 0.11
- Change (%) (since 10-Jun-25): 0.05
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Distributions
There are no distributions for this share class or distributions are currently not availablePerformance AttributionPerformance Attribution
GuideAvailable 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