Full & Historical Holdings

European Value Fund


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Based on Market Value Based on Equivalent Exposure
ISIN Securities
(on 31-Oct-25)
Shares or Par Amount Value Percent of Net Assets Value Percent of Net Assets Market Cap ($mm) GICS Sectors

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.

Country
- USD/EUR FWD 20251126 BBHH-BOS 250,069,168 €249,700,611.58 11.90% €250,069,168.16 11.92% - Unclassified United States
NL0010273215 ASML Holding NV 83,787 €88,798,767.08 4.23% €88,667,422.24 4.23% 356,358.38 Information Technology Netherlands
FR0000073272 Safran SA 192,613 €68,358,533.79 3.26% €68,358,533.79 3.26% 130,436.48 Industrials France
CH0210483332 Cie Financiere Richemont SA 289,570 €57,104,391.42 2.72% €57,104,391.43 2.72% 100,589.28 Consumer Discretionary Switzerland
FR0000121972 Schneider Electric SE 201,095 €57,044,048.55 2.72% €57,044,048.55 2.72% 142,029.85 Industrials France
FR0000120578 Sanofi SA 537,994 €54,322,405.49 2.59% €54,322,405.49 2.59% 107,526.28 Health Care France
CH0038863350 Nestle SA 556,975 €53,209,366.88 2.54% €53,209,366.88 2.54% 213,544.53 Consumer Staples Switzerland
FR0010307819 Legrand SA 306,418 €52,802,309.80 2.52% €52,802,309.80 2.52% 39,205.74 Industrials France
NL0011821202 ING Groep NV 1,943,481 €48,656,131.30 2.32% €48,656,131.30 2.32% 65,627.91 Financials Netherlands
IE00BF0L3536 AIB Group PLC 5,242,419 €49,032,834.05 2.30% €48,250,753.97 2.30% 17,062.08 Financials Ireland
GB00BDR05C01 National Grid PLC 3,111,449 €46,597,620.29 2.22% €46,597,620.28 2.22% 64,463.25 Utilities United Kingdom
ES0109067019 Amadeus IT Group SA 597,011 €45,637,758.44 2.18% €45,637,758.44 2.18% 29,877.11 Consumer Discretionary Spain
ES0144580Y14 Iberdrola SA 2,114,877 €42,818,428.39 2.04% €42,818,428.39 2.04% 117,355.76 Utilities Spain
FR0000120271 TotalEnergies SE 677,859 €42,152,978.81 2.01% €42,152,978.81 2.01% 119,045.28 Energy France
CH0012032048 Roche Holding AG 126,326 €40,640,946.13 1.94% €40,640,946.13 1.94% 222,259.18 Health Care Switzerland
GB00BMX86B70 Haleon PLC 8,510,124 €39,587,494.39 1.89% €39,587,494.39 1.89% 35,944.01 Health Care United Kingdom
GB0031638363 Intertek Group PLC 579,862 €38,583,382.54 1.84% €38,583,382.53 1.84% 8,913.40 Industrials United Kingdom
GB00B0SWJX34 London Stock Exchange Group PLC 302,347 €37,677,752.07 1.80% €37,677,752.06 1.80% 57,079.87 Financials United Kingdom
GB00B10RZP78 Unilever PLC 617,600 €37,373,523.60 1.78% €37,373,523.60 1.78% 128,723.98 Consumer Staples United Kingdom
ES0105066007 Cellnex Telecom SA 1,189,979 €37,075,139.83 1.77% €37,075,139.83 1.77% 19,096.03 Communication Services Spain
CH0011075394 Zurich Insurance Group AG 49,492 €34,378,413.18 1.64% €34,378,413.17 1.64% 88,198.90 Financials Switzerland
GB00B082RF11 Rentokil Initial PLC 6,166,869 €34,163,670.45 1.63% €34,163,670.45 1.63% 12,140.67 Industrials United Kingdom
DE000SYM9999 Symrise AG 392,708 €32,491,567.01 1.55% €32,491,567.01 1.55% 10,032.84 Materials Germany
FR0014003TT8 Dassault Systemes SE 1,138,622 €32,325,216.13 1.54% €32,325,216.13 1.54% 33,040.06 Information Technology France
DE0005810055 Deutsche Boerse AG 120,296 €30,435,690.98 1.45% €30,435,690.98 1.45% 41,331.85 Financials Germany
CH0244767585 UBS Group AG 794,251 €30,329,087.58 1.45% €30,329,087.58 1.45% 110,702.19 Financials Switzerland
DK0062498333 Novo Nordisk AS 615,062 €29,993,878.47 1.43% €29,993,878.47 1.43% 187,804.75 Health Care Denmark
CH0432492467 Alcon AG 388,829 €28,893,413.11 1.38% €28,893,413.11 1.38% 32,214.55 Health Care Switzerland
DE000ENAG999 E.ON SE 1,533,749 €28,533,515.17 1.36% €28,533,515.17 1.36% 42,630.89 Utilities Germany
IE00BLP1HW54 Aon PLC 83,491 €28,443,713.88 1.36% €28,443,713.88 1.36% 63,731.12 Financials United States
FR0000121329 Thales SA 98,594 €28,058,795.97 1.34% €28,058,795.97 1.34% 50,847.06 Industrials France
IT0000066123 BPER Banca SPA 2,294,515 €27,386,621.47 1.31% €27,386,621.46 1.31% 20,340.57 Financials Italy
DE0005200000 Beiersdorf AG 257,941 €27,269,795.42 1.30% €27,269,795.42 1.30% 22,251.27 Consumer Staples Germany
GB0009465807 Weir Group PLC 691,266 €27,137,453.73 1.28% €26,880,237.87 1.28% 8,758.21 Industrials United Kingdom
FR0000120321 L'Oreal SA 64,159 €26,819,008.80 1.28% €26,819,008.80 1.28% 193,565.37 Consumer Staples France
SE0007100581 Assa Abloy AB 679,263 €25,646,865.94 1.22% €25,646,865.94 1.22% 36,385.26 Industrials Sweden
GB0031743007 Burberry Group PLC 1,557,732 €25,324,107.54 1.21% €25,324,107.54 1.21% 5,091.28 Consumer Discretionary United Kingdom
GRS003003035 National Bank of Greece SA 1,707,422 €25,082,924.30 1.20% €25,082,924.30 1.20% 11,658.04 Financials Greece
FR0000120693 Pernod Ricard SA 244,512 €23,944,850.86 1.14% €23,944,850.86 1.14% 21,432.79 Consumer Staples France
CH1243598427 Sandoz Group AG 359,560 €23,903,647.09 1.14% €23,903,647.10 1.14% 25,377.45 Health Care Switzerland
GB00BYQ0JC66 Beazley PLC 1,921,414 €23,487,323.43 1.12% €23,487,323.43 1.12% 6,360.92 Financials United Kingdom
GB00BLGZ9862 Tesco PLC 3,890,488 €23,724,956.01 1.12% €23,479,631.19 1.12% 33,912.31 Consumer Staples United Kingdom
US7835132033 Ryanair Holdings PLC ADR 373,483 €23,335,217.83 1.11% €23,335,217.84 1.11% 28,622.14 Industrials Ireland
GB00BMJ6DW54 Informa PLC 1,829,814 €23,264,234.33 1.11% €23,264,234.34 1.11% 14,262.35 Communication Services United Kingdom
GB00BWFGQN14 Spirax Group PLC 245,888 €23,076,444.79 1.09% €22,918,486.50 1.09% 5,965.77 Industrials United Kingdom
IT0003132476 Eni SpA 1,223,063 €22,477,270.31 1.07% €22,477,270.31 1.07% 50,172.02 Energy Italy
FR001400AJ45 Cie Generale des Etablissements Michelin SCA 691,813 €22,080,511.47 1.05% €22,080,511.47 1.05% 19,654.04 Consumer Discretionary France
GB00B19NLV48 Experian PLC 469,120 €21,859,556.02 1.04% €21,859,556.02 1.04% 37,118.43 Industrials United Kingdom
DK0060336014 Novozymes AS 360,189 €21,525,892.43 1.03% €21,525,892.44 1.03% 24,140.25 Materials Denmark
FR0000121220 Sodexo SA 387,424 €21,452,947.70 1.02% €21,452,947.70 1.02% 7,083.73 Consumer Discretionary France
IE00BWT6H894 Flutter Entertainment PLC 90,443 €21,036,137.37 1.00% €21,036,137.37 1.00% 35,589.41 Consumer Discretionary United States
PTJMT0AE0001 Jeronimo Martins SGPS SA 800,507 €20,613,216.15 0.98% €20,613,216.15 0.98% 14,058.41 Consumer Staples Portugal
IT0000072170 FinecoBank Banca Fineco SpA 901,013 €20,573,727.69 0.98% €20,573,727.69 0.98% 12,115.31 Financials Italy
GB00BJFFLV09 Croda International PLC 515,857 €19,564,660.31 0.93% €19,564,660.31 0.93% 4,594.53 Materials United Kingdom
GB00B1KJJ408 Whitbread PLC 510,583 €19,675,865.18 0.93% €19,431,711.14 0.93% 5,741.78 Consumer Discretionary United Kingdom
FR0000125338 Capgemini SE 125,195 €19,264,853.24 0.92% €19,264,853.24 0.92% 22,874.89 Information Technology France
GB0002374006 Diageo PLC 825,976 €19,509,181.42 0.90% €18,988,981.75 0.90% 44,405.58 Consumer Staples United Kingdom
GB00BD3VFW73 Convatec Group PLC 5,913,166 €18,969,764.12 0.90% €18,969,764.12 0.90% 5,558.28 Health Care United Kingdom
BMG4593F1389 Hiscox Ltd 1,012,270 €18,285,012.62 0.87% €18,285,012.61 0.87% 5,202.49 Financials United Kingdom
CH0024638196 Schindler Holding AG 48,863 €17,365,415.35 0.83% €17,365,415.35 0.83% 33,112.57 Industrials Switzerland
SE0017486897 Atlas Copco AB 1,153,976 €17,339,551.49 0.83% €17,339,551.49 0.83% 63,476.03 Industrials Sweden
GB00B06QFB75 IG Group Holdings PLC 1,135,970 €16,624,487.01 0.79% €16,624,487.01 0.79% 4,374.06 Financials United Kingdom
FR0000125007 Cie de St-Gobain 153,780 €14,900,014.70 0.71% €14,900,014.70 0.71% 41,951.61 Industrials France
NL0010801007 IMCD NV 141,308 €14,655,822.38 0.70% €14,655,822.38 0.70% 5,318.54 Industrials Netherlands
LU2598331598 Tenaris SA 724,909 €14,442,764.52 0.69% €14,442,764.51 0.69% 18,529.43 Energy Italy
GB00BVYVFW23 Auto Trader Group PLC 1,385,238 €14,201,619.00 0.68% €14,201,619.00 0.68% 7,682.26 Communication Services United Kingdom
GB00BGLP8L22 IMI PLC 412,591 €12,943,456.62 0.62% €12,943,456.63 0.62% 6,722.57 Industrials United Kingdom
NL0015435975 Davide Campari-Milano NV 1,804,549 €12,550,800.89 0.60% €12,550,800.88 0.60% 11,019.78 Consumer Staples Italy
NL0000852564 Aalberts NV 382,573 €12,162,028.95 0.58% €12,162,028.95 0.58% 3,049.80 Industrials Netherlands
GB00BNTJ3546 Allfunds Group Plc 1,440,209 €10,956,375.57 0.52% €10,956,375.57 0.52% 4,013.26 Financials Netherlands
GB0009697037 Babcock International Group PLC 668,421 €10,651,409.62 0.51% €10,651,409.62 0.51% 6,930.23 Industrials United Kingdom
NL0015001W49 Pluxee NV 429,498 €8,292,269.57 0.40% €8,292,269.57 0.40% 3,494.87 Financials France
- CHF/EUR FWD 20251126 BBHH-BOS 6,667,322 €8,298,120.20 0.40% €8,284,960.82 0.39% - Unclassified United States
- GBP/EUR FWD 20251126 BBHH-BOS 1,831,337 €2,402,424.10 0.11% €2,405,827.52 0.11% - Unclassified United States
- EUR/GBP FWD 20251126 BBHH-BOS -2,087,079 €-2,405,672.01 -0.11% €-2,405,672.01 -0.11% - Unclassified United States
- EUR/CHF FWD 20251126 BBHH-BOS -7,210,347 €-8,311,006.65 -0.40% €-8,311,006.65 -0.40% - Unclassified United States
- EUR/USD FWD 20251126 BBHH-BOS -214,651,142 €-247,417,638.52 -11.79% €-247,417,638.52 -11.79% - Unclassified United States
- Cash - 9,432,499.80 0.45% 9,431,812.65 0.45% - - -
- Other - 2,266,838.71 0.11% 2,267,525.87 0.11% - - Other

*Short positions, unlike long positions, lose value if the underlying asset gains value.

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.
Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
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