Investment Objective
Seeks capital appreciation.
Investment Focus
Traditional international value fund focusing on investing in large-cap, high-quality, attractively valued companies
We have a keen focus on downside risk management in all market environments
We use a long-term investment time horizon and employ a flexible valuation approach, placing a heavy emphasis on cash flow and returns based methodologies
Fund Information
- Fund Commencement 06/04/2026
- Net Assets ($ M) As of 06/05/26 $14.93
- Fiscal Year End FEBRUARY
-
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Index measures the non-US stock market.MSCI EAFE (Europe, Australasia, Far East) Value Index (net div)
- Net Asset Value (NAV) As of 06/05/26 $24.89
- Most Recent NAV Change As of 06/05/26 $0.22 | 0.89%
- Market Price (MP) As of 06/05/26 $24.74
- Most Recent Market Price Change As of 06/05/26 $0.54 | 2.14%
-
Premium / Discount
As of 06/05/26
-0.60%
Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).
-
30 Day Median Bid / Ask Spread
--
The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.
-
Expense Ratio
0.57%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
- Exchange NYSE Arca
Managers
Top 10 Holdings
No data currently available
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.
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.
International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or 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.
Please see the prospectus for further information on these and other risk considerations.
Steven Gorham, CFA
Portfolio Manager
Steven R. Gorham, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management teams for the firm's Value and Global Balanced portfolios, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management, and he participates in the research process and strategy discussions. He also serves on the MFS Global Equity Management team. Steve joined MFS in 1989 as a teleservices representative and became a member of the Financial Advisor Division sales desk in 1991. He joined the equity research department in 1992 and became a research analyst in 1993 before being named portfolio manager in 2000. He also previously served as director of Equity -- North America from 2016 to 2019. Steve is a graduate of the University of New Hampshire and has a Master of Business Administration degree from Boston College. He is a member of The Boston Security Analysts Society and holds the Chartered Financial Analyst (CFA) designation.
David Shindler
Portfolio Manager
David S. Shindler is an equity portfolio manager at MFS Investment Management® (MFS®). In his role, he is responsible for final buy and sell decisions, portfolio construction, managing risk, and overseeing cash management. He participates in the research process and strategy discussions. David joined MFS in 2006 as an equity research analyst after participating in the firm's summer MBA internship program in 2005. From 2012 to 2017, he held the position of director of research, Canada. He was named portfolio manager for the Canadian Equity Value strategy from 2013 to 2017, portfolio manager -- UK Equity strategy from 2017 to 2024, served as director of research, Europe from 2019 to 2020 and assumed his co-CIO for Europe title in 2020 to 2025. Prior to joining the firm, he spent three years as a consultant at the Bridgespan Group and two years as an associate consultant at Bain & Company. David earned an MA (Cantab) degree in political science from the University of Cambridge and a Master of Business Administration degree from Dartmouth College.
Jed Stocks, CFA
Portfolio Manager
Jed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015. Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
Performance
Average Annual Total Returns (%)
Market price returns are calculated using the closing price reported by the exchange.
Market price returns are calculated using the closing price reported by the exchange.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
YTD (year-to-date return): For the period from January 1 of the current year to the date shown, or from inception date if first offered after January 1 of the current year.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
Important Performance Information
All results are historical and assume the reinvestment of dividends and capital gains.
Annual Rate of Return (%)
Market price returns are calculated using the closing price reported by the exchange.
Market price returns are calculated using the closing price reported by the exchange.
No data currently available
Premium / Discount (%)
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
Number of Days at a Premium / Discount
Pricing History
- NAV at Close of Trading on: 06/05/26
- Net Asset Value (NAV): $24.89
- MP at Close of Trading on: 06/05/26
- Market Price (MP): $24.74
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
| MP at Close of Trading on | Market Price (MP) |
|---|
30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.
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.
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.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
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.
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.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
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Overview
Investment Objective
Seeks capital appreciation.
Investment Focus
Traditional international value fund focusing on investing in large-cap, high-quality, attractively valued companies
We have a keen focus on downside risk management in all market environments
We use a long-term investment time horizon and employ a flexible valuation approach, placing a heavy emphasis on cash flow and returns based methodologies
Fund Information
- Fund Commencement 06/04/2026
- Net Assets ($ M) As of 06/05/26 $14.93
- Fiscal Year End FEBRUARY
-
Benchmark
MSCI EAFE (Europe, Australasia, Far East) Index measures the non-US stock market.MSCI EAFE (Europe, Australasia, Far East) Value Index (net div)
- Net Asset Value (NAV) As of 06/05/26 $24.89
- Most Recent NAV Change As of 06/05/26 $0.22 | 0.89%
- Market Price (MP) As of 06/05/26 $24.74
- Most Recent Market Price Change As of 06/05/26 $0.54 | 2.14%
-
Premium / Discount
As of 06/05/26
-0.60%
Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).
-
30 Day Median Bid / Ask Spread
--
The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.
-
Expense Ratio
0.57%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
- Exchange NYSE Arca
Managers
![David Shindler]()
![Jed Stocks, CFA]()
Top 10 Holdings
No data currently available
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.
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.
International: Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or 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.
Please see the prospectus for further information on these and other risk considerations.
Steven Gorham, CFA
Portfolio Manager
37YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOSteven R. Gorham, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management teams for the firm's Value and Global Balanced portfolios, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management, and he participates in the research process and strategy discussions. He also serves on the MFS Global Equity Management team. Steve joined MFS in 1989 as a teleservices representative and became a member of the Financial Advisor Division sales desk in 1991. He joined the equity research department in 1992 and became a research analyst in 1993 before being named portfolio manager in 2000. He also previously served as director of Equity -- North America from 2016 to 2019. Steve is a graduate of the University of New Hampshire and has a Master of Business Administration degree from Boston College. He is a member of The Boston Security Analysts Society and holds the Chartered Financial Analyst (CFA) designation.
David Shindler
Portfolio Manager
25YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIODavid S. Shindler is an equity portfolio manager at MFS Investment Management® (MFS®). In his role, he is responsible for final buy and sell decisions, portfolio construction, managing risk, and overseeing cash management. He participates in the research process and strategy discussions. David joined MFS in 2006 as an equity research analyst after participating in the firm's summer MBA internship program in 2005. From 2012 to 2017, he held the position of director of research, Canada. He was named portfolio manager for the Canadian Equity Value strategy from 2013 to 2017, portfolio manager -- UK Equity strategy from 2017 to 2024, served as director of research, Europe from 2019 to 2020 and assumed his co-CIO for Europe title in 2020 to 2025. Prior to joining the firm, he spent three years as a consultant at the Bridgespan Group and two years as an associate consultant at Bain & Company. David earned an MA (Cantab) degree in political science from the University of Cambridge and a Master of Business Administration degree from Dartmouth College.
Jed Stocks, CFA
Portfolio Manager
27YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOJed Stocks, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team responsible for the firm's Blended research, low volatility and other quantitatively managed equity strategies. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the quantitative research process and strategy discussions. Jed began his career in the financial services industry as a teleservices representative for MFS in 1999 and later rejoined the firm in 2001. He became a quantitative research associate in 2002 and was named a quantitative research analyst in 2005 before assuming his current role in 2015. Jed earned a Bachelor of Science degree in finance from Lehigh University. He holds the Chartered Financial Analyst (CFA) designation.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
Market price returns are calculated using the closing price reported by the exchange.
(*YTD Updated As of 06/07/26 , subject to revision and not annualized.)Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
1YTD (year-to-date return): For the period from January 1 of the current year to the date shown, or from inception date if first offered after January 1 of the current year.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
MORNINGSTAR RATINGImportant Performance Information
All results are historical and assume the reinvestment of dividends and capital gains.
Annual Rate of ReturnAnnual Rate of Return (%)
Market price returns are calculated using the closing price reported by the exchange.
No data currently available
annual rate of return table Pricing & DistributionsPremium / Discount (%)
The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.
The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.
Number of Days at a Premium / Discount
Pricing History
- NAV at Close of Trading on: 06/05/26
- Net Asset Value (NAV): $24.89
- MP at Close of Trading on: 06/05/26
- Market Price (MP): $24.74
Historical 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.
Historical MP TableMP at Close of Trading on Market Price (MP) No Data Available30-Day SEC Yield (%)
The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.No data currently availableDistributions
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.
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.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
No data currently availablePast performance is no guarantee of future results. Please consult your tax advisor for further information.