Global Intrinsic Value Fund
THIS INFORMATION IS FOR MARKETING PURPOSES ONLY
Please note that this is an actively managed product.
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Fact Sheet - Documents
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.
Intrinsic Value: The stocks of companies that MFS believes are undervalued compared to their intrinsic value can continue to be undervalued for long periods of time, may not realize their expected value, and can be volatile.
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.
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 30-Apr-25 US$49.59
- 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.
- Benchmark MSCI World Index (net div)
Share Class Information
- Class Inception 15-Feb-2019
- Net Asset Value (NAV) As of 06-Jun-25 $18.70
- Most Recent NAV Change As of 06-Jun-25 $0.08 | 0.43%
- ISIN LU1914599110
- SEDOL BYWL644
- WKN A2N9T7
- Bloomberg MFGIA1U LX
- CUSIP L6368K816
- Maximum Sales Charge 6%
- Benchmark MSCI World Index (net div)
Managers
Top 10 Holdings
As of 30-Apr-25
- Microsoft Corp
- Amazon.com Inc
- Franco-Nevada Corp
- NatWest Group PLC
- Taiwan Semiconductor Manufacturing Co Ltd ADR
- Wheaton Precious Metals Corp
- CME Group Inc
- AIB Group PLC
- Deutsche Boerse AG
- Charles Schwab Corp
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
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 A1 Shares, US Dollars at NAV | 32.39 | -12.10 | 3.98 | 18.34 | 10.29 | 11.31 | 15-Feb-2019 |
| Class A1 Shares, US Dollars With Max Sales Charges | 24.45 | -17.38 | -2.26 | 11.24 | 3.68 | 4.63 | 15-Feb-2019 |
| MSCI World Index (net div) | 40.63 | -4.82 | 2.07 | 24.92 | 13.72 | - | - |
| 12 month period ending: | Class A1 Shares, US Dollars at NAV | Class A1 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. |
32.39 | 24.45 |
| 31-May-22 | -12.10 | -17.38 |
| 31-May-23 | 3.98 | -2.26 |
| 31-May-24 | 18.34 | 11.24 |
| 31-May-25 | 10.29 | 3.68 |
| YTD % * | 11.31 | 4.63 |
| Class Inception | 15-Feb-2019 | 15-Feb-2019 |
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 (%)
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.
The Fund's benchmark is indicated for performance comparison only.
Important Performance Information
Annual Rate of Return (%)
As of 31-Dec-24
|Benchmark: MSCI World Index (net div)
|
Life
Life performance as of 31-May-25 |
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| At NAV | 10.21 | 23.78 | 19.97 | -24.74 | 20.51 | 7.07 |
| With Max Sales Charges | 9.13 | 16.35 | 12.77 | -29.26 | 13.28 | 0.65 |
| MSCI World Index (net div) | - | 15.90 | 21.82 | -18.14 | 23.79 | 18.67 |
| At NAV | With Max Sales Charges | MSCI World Index (net div) | |
|---|---|---|---|
| 2024 | 7.07 | 0.65 | 18.67 |
| 2023 | 20.51 | 13.28 | 23.79 |
| 2022 | -24.74 | -29.26 | -18.14 |
| 2021 | 19.97 | 12.77 | 21.82 |
| 2020 | 23.78 | 16.35 | 15.9 |
|
Life
Life performance as of 31-May-25 |
10.21 | 9.13 | - |
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: 06-Jun-25
- Net Asset Value (NAV): $18.70
- Change ($) (since 05-Jun-25): 0.08
- Change (%) (since 05-Jun-25): 0.43
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Swing Pricing
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.
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.
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
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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.
Intrinsic Value: The stocks of companies that MFS believes are undervalued compared to their intrinsic value can continue to be undervalued for long periods of time, may not realize their expected value, and can be volatile.
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.
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 30-Apr-25 US$49.59
- 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.
- Benchmark MSCI World Index (net div)
Share Class Information
- Class Inception 15-Feb-2019
- Net Asset Value (NAV) As of 06-Jun-25 $18.70
- Most Recent NAV Change As of 06-Jun-25 $0.08 | 0.43%
- ISIN LU1914599110
- SEDOL BYWL644
- WKN A2N9T7
- Bloomberg MFGIA1U LX
- CUSIP L6368K816
- Maximum Sales Charge 6%
- Benchmark MSCI World Index (net div)
Managers
Top 10 Holdings
As of 30-Apr-25
- Microsoft Corp
- Amazon.com Inc
- Franco-Nevada Corp
- NatWest Group PLC
- Taiwan Semiconductor Manufacturing Co Ltd ADR
- Wheaton Precious Metals Corp
- CME Group Inc
- AIB Group PLC
- Deutsche Boerse AG
- Charles Schwab Corp
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).
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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]
These results represent the percent change in net asset value.*YTD Updated Daily as of 06-Jun-25, subject to revision and not annualized.12 month period ending: 31-May-21or LifeLife 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 A1 Shares, US Dollars at NAV 32.39 -12.10 3.98 18.34 10.29 11.31 15-Feb-2019 Class A1 Shares, US Dollars With Max Sales Charges 24.45 -17.38 -2.26 11.24 3.68 4.63 15-Feb-2019 MSCI World Index (net div) 40.63 -4.82 2.07 24.92 13.72 - - 12 month period ending: Class A1 Shares, US Dollars at NAV Class A1 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.
32.39 24.45 31-May-22 -12.10 -17.38 31-May-23 3.98 -2.26 31-May-24 18.34 11.24 31-May-25 10.29 3.68 YTD % * 11.31 4.63 Class Inception 15-Feb-2019 15-Feb-2019 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 31-May-25
*YTD Updated Daily as of 06-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 RATINGImportant 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 (%)
As of 31-Dec-24
|Benchmark: MSCI World Index (net div)
annual rate of return table LifeLife performance as of 31-May-25
2020 2021 2022 2023 2024 At NAV 10.21 23.78 19.97 -24.74 20.51 7.07 With Max Sales Charges 9.13 16.35 12.77 -29.26 13.28 0.65 MSCI World Index (net div) - 15.90 21.82 -18.14 23.79 18.67 At NAV With Max Sales Charges MSCI World Index (net div) 2024 7.07 0.65 18.67 2023 20.51 13.28 23.79 2022 -24.74 -29.26 -18.14 2021 19.97 12.77 21.82 2020 23.78 16.35 15.9 LifeLife performance as of 31-May-25
10.21 9.13 - 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: 06-Jun-25
- Net Asset Value (NAV): $18.70
- Change ($) (since 05-Jun-25): 0.08
- Change (%) (since 05-Jun-25): 0.43
- 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
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 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