European Value Fund
In a continued effort to designate existing strategies within MFS Meridian® Funds and MFS Investment Funds under Article 8 of the European Union’s Sustainable Finance Disclosure Regulation (SFDR), CEO Mike Roberge is pleased to announce that effective 21 November 2022, four additional funds have received regulatory approval – Read more.
THIS INFORMATION IS FOR MARKETING PURPOSES ONLY
Please note that this is an actively managed product.
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Fact Sheet - Documents
European Value Fund
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in Euros.
INVESTMENT FOCUS
Focuses on undervalued European companies of any size
Rigorous valuation discipline is expressed through a patient, contrarian approach and a focus on downside risk management
Seek to analyze rather than forecast by evaluating the long-term quality, improvement potential, and intrinsic value of a business
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.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
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 01-Oct-02
- Net Assets (€ M) As of 30-Apr-24 € 2661.02
- Fiscal Year End JANUARY
-
SFDR Classification
Article 8
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.
Share Class Information
- Class Inception 01-Oct-02
- Net Asset Value (NAV) As of 15-May-24 €63.51
- Most Recent NAV Change As of 15-May-24 €0.55 | 0.87%
- ISIN LU0125951151
- SEDOL 7046591
- WKN 657059
- Bloomberg MFSEVA1 LX
- CUSIP L63652884
- Maximum Sales Charge 6%
MANAGERS
Top 10 Holdings
- Nestle SA
- Schneider Electric SE
- Iberdrola SA
- Sanofi SA
- Safran SA
- Cie Financiere Richemont SA
- Symrise AG
- Heineken NV
- Novo Nordisk AS
- Experian PLC
Florence Taj
Portfolio Manager
Florence G. Taj is an investment officer and equity portfolio manager for MFS Investment Management® (MFS®). In this role, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions. She is based in London. Florence joined MFS as a research analyst in 1999 covering numerous sectors including financials, consumer staples, technology hardware, media and utilities. She has held senior research positions, including consumer cyclicals sector team leader for five years, and launched the firm's Global Listed Infrastructure strategy in 2017 for which she has portfolio management responsibilities. She joined the firm's European Value portfolio management team in 2018. Before joining MFS, she spent three years at Renaissance Solutions, Inc., where she served as senior consultant. She participated in MFS' summer MBA internship program in 1998. Florence earned a master's degree in international management from the University of Ottawa and Reims Management School, now The NEOMA Business School, in France in 1993 and a Master of Business Administration degree from Harvard Business School in 1999.
Gabrielle Gourgey
Institutional Portfolio Manager
Gabrielle Gourgey is an investment officer of MFS Investment Management (MFS) and institutional equity portfolio manager for the firm's global equity portfolios. She also has portfolio management responsibilities for the firm's European Research strategy. She is based in the firm's London office. Gabrielle joined MFS in 2006 from Merrill Lynch, where she spent eight years as a sector specialist primarily covering the global technology sectors. Prior to that she was at CIBC Oppenheimer for two years where she worked as a US markets analyst in the Institutional Equity Sales Group. Gabrielle earned a Bachelor of Arts degree from Bristol University. She then went on to attend the London Business School where she completed the Financial Analysis and Accounting course.
Benjamin Tingling, CAIA
Institutional Portfolio Manager
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).
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 30-Apr-24 [updated monthly]| 12 month period ending: |
30-Apr-20
or Life
Life performance is only shown when 5 years of performance is not available. |
30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | YTD % * | Class Inception |
|---|---|---|---|---|---|---|---|
| Class A1 Shares, Euros at NAV | -5.28 | 27.60 | 2.03 | 6.21 | -0.43 | 6.72 | 01-Oct-02 |
| Class A1 Shares, Euros With Max Sales Charges | -10.97 | 19.95 | -4.09 | -0.16 | -6.40 | 0.32 | 01-Oct-02 |
| 12 month period ending: | Class A1 Shares, Euros at NAV | Class A1 Shares, Euros With Max Sales Charges |
|---|---|---|
|
30-Apr-20
or Life
Life performance is only shown when 5 years of performance is not available. |
-5.28 | -10.97 |
| 30-Apr-21 | 27.60 | 19.95 |
| 30-Apr-22 | 2.03 | -4.09 |
| 30-Apr-23 | 6.21 | -0.16 |
| 30-Apr-24 | -0.43 | -6.40 |
| YTD % * | 6.72 | 0.32 |
| Class Inception | 01-Oct-02 | 01-Oct-02 |
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
Average Annual Total Returns (%)
Average Annual Total Returns (%)
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
Annual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-23|
Life
Life performance as of 30-Apr-24 |
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 8.69 | 12.92 | 14.75 | -0.33 | 14.74 | -5.52 | 27.78 | 3.80 | 22.79 | -15.06 | 9.35 |
| With Max Sales Charges | 8.38 | 6.14 | 7.86 | -6.31 | 7.86 | -11.19 | 20.12 | -2.43 | 15.42 | -20.16 | 2.79 |
| At NAV | With Max Sales Charges | |
|---|---|---|
| 2023 | 9.35 | 2.79 |
| 2022 | -15.06 | -20.16 |
| 2021 | 22.79 | 15.42 |
| 2020 | 3.8 | -2.43 |
| 2019 | 27.78 | 20.12 |
| 2018 | -5.52 | -11.19 |
| 2017 | 14.74 | 7.86 |
| 2016 | -0.33 | -6.31 |
| 2015 | 14.75 | 7.86 |
| 2014 | 12.92 | 6.14 |
|
Life
Life performance as of 30-Apr-24 |
8.69 | 8.38 |
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
Pricing History
- NAV at Close of Trading on: 15-May-24
- Net Asset Value (NAV): €63.51
- Change (€) (since 14-May-24): 0.55
- Change (%) (since 14-May-24): 0.87
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Swing Pricing
Performance Attribution
GuideAvailable approximately 15 or 25 days after month end
Available approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
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Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation, measured in Euros.
INVESTMENT FOCUS
Focuses on undervalued European companies of any size
Rigorous valuation discipline is expressed through a patient, contrarian approach and a focus on downside risk management
Seek to analyze rather than forecast by evaluating the long-term quality, improvement potential, and intrinsic value of a business
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.
Value: The portfolio's investments can continue to be undervalued for long periods of time, not realize their expected value, and be more volatile than the stock market in general.
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 01-Oct-02
- Net Assets (€ M) As of 30-Apr-24 € 2661.02
- Fiscal Year End JANUARY
-
SFDR Classification
Article 8
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.
Share Class Information
- Class Inception 01-Oct-02
- Net Asset Value (NAV) As of 15-May-24 €63.51
- Most Recent NAV Change As of 15-May-24 €0.55 | 0.87%
- ISIN LU0125951151
- SEDOL 7046591
- WKN 657059
- Bloomberg MFSEVA1 LX
- CUSIP L63652884
- Maximum Sales Charge 6%
MANAGERS
Top 10 Holdings
As of 30-Apr-24- Nestle SA
- Schneider Electric SE
- Iberdrola SA
- Sanofi SA
- Safran SA
- Cie Financiere Richemont SA
- Symrise AG
- Heineken NV
- Novo Nordisk AS
- Experian PLC
Florence Taj
Portfolio Manager
28YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIOFlorence G. Taj is an investment officer and equity portfolio manager for MFS Investment Management® (MFS®). In this role, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. She also participates in the research process and strategy discussions. She is based in London. Florence joined MFS as a research analyst in 1999 covering numerous sectors including financials, consumer staples, technology hardware, media and utilities. She has held senior research positions, including consumer cyclicals sector team leader for five years, and launched the firm's Global Listed Infrastructure strategy in 2017 for which she has portfolio management responsibilities. She joined the firm's European Value portfolio management team in 2018. Before joining MFS, she spent three years at Renaissance Solutions, Inc., where she served as senior consultant. She participated in MFS' summer MBA internship program in 1998. Florence earned a master's degree in international management from the University of Ottawa and Reims Management School, now The NEOMA Business School, in France in 1993 and a Master of Business Administration degree from Harvard Business School in 1999.
Gabrielle Gourgey
Institutional Portfolio Manager
29YEARS WITH INDUSTRY
15YEARS WITH PORTFOLIOGabrielle Gourgey is an investment officer of MFS Investment Management (MFS) and institutional equity portfolio manager for the firm's global equity portfolios. She also has portfolio management responsibilities for the firm's European Research strategy. She is based in the firm's London office. Gabrielle joined MFS in 2006 from Merrill Lynch, where she spent eight years as a sector specialist primarily covering the global technology sectors. Prior to that she was at CIBC Oppenheimer for two years where she worked as a US markets analyst in the Institutional Equity Sales Group. Gabrielle earned a Bachelor of Arts degree from Bristol University. She then went on to attend the London Business School where she completed the Financial Analysis and Accounting course.
Benjamin Tingling, CAIA
Institutional Portfolio Manager
18YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIOBenjamin 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). -
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 30-Apr-24 [updated monthly]These results represent the percent change in net asset value.*YTD Updated Daily as of 15-May-24, subject to revision and not annualized.12 month period ending: 30-Apr-20or LifeLife performance is only shown when 5 years of performance is not available.
30-Apr-21 30-Apr-22 30-Apr-23 30-Apr-24 YTD % * Class Inception Class A1 Shares, Euros at NAV -5.28 27.60 2.03 6.21 -0.43 6.72 01-Oct-02 Class A1 Shares, Euros With Max Sales Charges -10.97 19.95 -4.09 -0.16 -6.40 0.32 01-Oct-02 12 month period ending: Class A1 Shares, Euros at NAV Class A1 Shares, Euros With Max Sales Charges 30-Apr-20 or Life Life performance is only shown when 5 years of performance is not available.
-5.28 -10.97 30-Apr-21 27.60 19.95 30-Apr-22 2.03 -4.09 30-Apr-23 6.21 -0.16 30-Apr-24 -0.43 -6.40 YTD % * 6.72 0.32 Class Inception 01-Oct-02 01-Oct-02 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 A1 Front-End Roll-Up shares may be subject to a maximum 6% 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.Average Annual Total ReturnsAverage Annual Total Returns (%)
Average Annual Total Returns (%)
These results represent the percent change in net asset value.Updated monthly as of 30-Apr-24*YTD Updated Daily as of 15-May-24, 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.
Important Performance Information
Class A1 Front-End Roll-Up shares may be subject to a maximum 6% 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.Annual Rate of ReturnAnnual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-23annual rate of return table LifeLife performance as of 30-Apr-24
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV 8.69 12.92 14.75 -0.33 14.74 -5.52 27.78 3.80 22.79 -15.06 9.35 With Max Sales Charges 8.38 6.14 7.86 -6.31 7.86 -11.19 20.12 -2.43 15.42 -20.16 2.79 At NAV With Max Sales Charges 2023 9.35 2.79 2022 -15.06 -20.16 2021 22.79 15.42 2020 3.8 -2.43 2019 27.78 20.12 2018 -5.52 -11.19 2017 14.74 7.86 2016 -0.33 -6.31 2015 14.75 7.86 2014 12.92 6.14 LifeLife performance as of 30-Apr-24
8.69 8.38 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 A1 Front-End Roll-Up shares may be subject to a maximum 6% 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.Pricing & DistributionsPricing History
- NAV at Close of Trading on: 15-May-24
- Net Asset Value (NAV): €63.51
- Change (€) (since 14-May-24): 0.55
- Change (%) (since 14-May-24): 0.87
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Swing Pricing
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 AttributionAvailable approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
Calendar YearNo Data Available