International Equity Fund
International Equity Fund
Investment Objective
Seeks capital appreciation.
Investment Focus
A well-diversified portfolio of high-conviction ideas following a growth-at-a-reasonable price style with a quality bias
An investment philosophy based on our belief that stocks trading at a discount to their projected value have a greater potential for multiple expansion
Individual stock selection as the primary source of alpha generation over the long term, due to a focus on seeking to identify high quality, attractively valued companies through our global investment platform
Fund Information
- Fund Commencement 01/31/1996
- Net Assets ($ M) As of 05/31/26 $29507.86
- Fiscal Year End JUNE
- Benchmark MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Share Class Information
- Class Inception 01/31/1996
- Net Asset Value (NAV) --
- Most Recent NAV Change --
- Fund Number --
- Maximum Sales Charge --
- Gross Expense Ratio 0.65%
- Net Expense Ratio 0.64%
Managers
Top 10 Holdings
As of 05/31/26
- Taiwan Semiconductor Manufacturing Co Ltd
- Roche Holding AG
- Air Liquide SA
- Novartis AG
- Hitachi Ltd
- Schneider Electric SE
- Mitsubishi Electric Corp
- Rolls-Royce Holdings PLC
- Cie Financiere Richemont SA
- TotalEnergies SE
Filipe Benzinho
Portfolio Manager
Filipe M.G. Benzinho is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). He is a member of the portfolio management team of the firm's International Equity and International Concentrated strategies, responsible for final buy and sell decisions and portfolio construction as well as risk and cash management. He participates in the research process and strategy discussions. He is based in London. Filipe joined MFS in 2009 and has followed financial, business services and transportation companies. He was named portfolio manager in 2016. He joined the firm from A.T. Kearney, where he worked for three years as a business analyst. He began his career in the financial services industry in 2005. Filipe has an undergraduate degree from Instituto Superior de Ciências do Trabalho e da Empresa and earned a Master of Business Administration degree from Harvard Business School.
Daniel Ling, CFA
Portfolio Manager
Daniel T. Ling, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions and is responsible for buy and sell decisions, portfolio construction, risk control and cash management for the firm's diversified core international strategies. He is based in MFS' Singapore office. Daniel joined MFS in 2006 as a global equity research analyst and was later named sector leader for consumer cyclical stocks in addition to covering consumer staples, energy and capital goods. Prior to joining the firm, he served as a portfolio manager for Lion Capital Management in Singapore for six years and as a process analyst for Accenture for one year. He began his career in the investment industry in 1999. Daniel earned a Bachelor of Arts degree, with honors, from Nanyang Technological University in Singapore. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Harry Purcell
Portfolio Manager
Harry Purcell is an investment officer and equity portfolio manager for the International Equity Strategy at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Singapore. Harry joined MFS in 2012 as an equity research analyst and became an equity portfolio manager in 2017. He assumed his current portfolio management responsibilties in 2025. Before that, he held portfolio management roles at CQS Management Limited and Citigroup. He also spent seven years at F&C Management Ltd., holding the roles of both pan-European fund manager and head of global technology research. He began his career in the financial services industry in 1998. Harry earned both a Bachelor of Arts degree and a master's degree in Japanese studies from the University of Oxford.
Performance
Annual Rate of Return (%)
As of 12/31/25
|Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 0.30 | 28.02 | -10.66 | 28.40 | 11.10 | 15.16 | -14.83 | 19.04 | 4.14 | 23.23 |
| MSCI EAFE (Europe, Australasia, Far East) Index (net div) | 1.00 | 25.03 | -13.79 | 22.01 | 7.82 | 11.26 | -14.45 | 18.24 | 3.82 | 31.22 |
| At NAV | MSCI EAFE (Europe, Australasia, Far East) Index (net div) | |
|---|---|---|
| 2025 | 23.23 | 31.22 |
| 2024 | 4.14 | 3.82 |
| 2023 | 19.04 | 18.24 |
| 2022 | -14.83 | -14.45 |
| 2021 | 15.16 | 11.26 |
| 2020 | 11.1 | 7.82 |
| 2019 | 28.4 | 22.01 |
| 2018 | -10.66 | -13.79 |
| 2017 | 28.02 | 25.03 |
| 2016 | 0.3 | 1.0 |
Pricing History
- NAV at Close of Trading on: 06/18/26
- Net Asset Value (NAV): $41.84
- Change ($) (since 06/17/26 ): 0.16
- Change (%) (since 06/17/26 ): 0.38
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Distributions
Updated Daily As of 06/19/26
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/15/25 | 12/16/25 | 12/17/25 | Dividend | 0.72127 | 40.18 |
| 12/15/25 | 12/16/25 | 12/17/25 | Long Term Capital Gain | 0.34427 | 40.18 |
| 12/15/25 | 12/16/25 | 12/17/25 | Short Term Capital Gain | 0.02118 | 40.18 |
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Overview
Investment Objective
Seeks capital appreciation.
Investment Focus
A well-diversified portfolio of high-conviction ideas following a growth-at-a-reasonable price style with a quality bias
An investment philosophy based on our belief that stocks trading at a discount to their projected value have a greater potential for multiple expansion
Individual stock selection as the primary source of alpha generation over the long term, due to a focus on seeking to identify high quality, attractively valued companies through our global investment platform
Fund Information
- Fund Commencement 01/31/1996
- Net Assets ($ M) As of 05/31/26 $29507.86
- Fiscal Year End JUNE
- Benchmark MSCI EAFE (Europe, Australasia, Far East) Index (net div)
Share Class Information
- Class Inception 01/31/1996
- Net Asset Value (NAV) --
- Most Recent NAV Change --
- Fund Number --
- Maximum Sales Charge --
- Gross Expense Ratio 0.65%
- Net Expense Ratio 0.64%
Managers
![Daniel Ling, CFA]()
![Harry Purcell]()
Top 10 Holdings
As of 05/31/26
- Taiwan Semiconductor Manufacturing Co Ltd
- Roche Holding AG
- Air Liquide SA
- Novartis AG
- Hitachi Ltd
- Schneider Electric SE
- Mitsubishi Electric Corp
- Rolls-Royce Holdings PLC
- Cie Financiere Richemont SA
- TotalEnergies SE
Filipe Benzinho
Portfolio Manager
19YEARS WITH INDUSTRY
10YEARS WITH PORTFOLIOFilipe M.G. Benzinho is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). He is a member of the portfolio management team of the firm's International Equity and International Concentrated strategies, responsible for final buy and sell decisions and portfolio construction as well as risk and cash management. He participates in the research process and strategy discussions. He is based in London. Filipe joined MFS in 2009 and has followed financial, business services and transportation companies. He was named portfolio manager in 2016. He joined the firm from A.T. Kearney, where he worked for three years as a business analyst. He began his career in the financial services industry in 2005. Filipe has an undergraduate degree from Instituto Superior de Ciências do Trabalho e da Empresa and earned a Master of Business Administration degree from Harvard Business School.
Daniel Ling, CFA
Portfolio Manager
27YEARS WITH INDUSTRY
17YEARS WITH PORTFOLIODaniel T. Ling, CFA, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions and is responsible for buy and sell decisions, portfolio construction, risk control and cash management for the firm's diversified core international strategies. He is based in MFS' Singapore office. Daniel joined MFS in 2006 as a global equity research analyst and was later named sector leader for consumer cyclical stocks in addition to covering consumer staples, energy and capital goods. Prior to joining the firm, he served as a portfolio manager for Lion Capital Management in Singapore for six years and as a process analyst for Accenture for one year. He began his career in the investment industry in 1999. Daniel earned a Bachelor of Arts degree, with honors, from Nanyang Technological University in Singapore. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Harry Purcell
Portfolio Manager
28YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOHarry Purcell is an investment officer and equity portfolio manager for the International Equity Strategy at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Singapore. Harry joined MFS in 2012 as an equity research analyst and became an equity portfolio manager in 2017. He assumed his current portfolio management responsibilties in 2025. Before that, he held portfolio management roles at CQS Management Limited and Citigroup. He also spent seven years at F&C Management Ltd., holding the roles of both pan-European fund manager and head of global technology research. He began his career in the financial services industry in 1998. Harry earned both a Bachelor of Arts degree and a master's degree in Japanese studies from the University of Oxford.
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Performance
Performance
Average Annual Total ReturnsAnnual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/25
|Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)
annual rate of return table 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 At NAV 0.30 28.02 -10.66 28.40 11.10 15.16 -14.83 19.04 4.14 23.23 MSCI EAFE (Europe, Australasia, Far East) Index (net div) 1.00 25.03 -13.79 22.01 7.82 11.26 -14.45 18.24 3.82 31.22 At NAV MSCI EAFE (Europe, Australasia, Far East) Index (net div) 2025 23.23 31.22 2024 4.14 3.82 2023 19.04 18.24 2022 -14.83 -14.45 2021 15.16 11.26 2020 11.1 7.82 2019 28.4 22.01 2018 -10.66 -13.79 2017 28.02 25.03 2016 0.3 1.0 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 06/18/26
- Net Asset Value (NAV): $41.84
- Change ($) (since 06/17/26 ): 0.16
- Change (%) (since 06/17/26 ): 0.38
- Market Price (MP):
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.
Distributions
Updated Daily As of 06/19/26
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/15/25 12/16/25 12/17/25 Dividend 0.72127 40.18 12/15/25 12/16/25 12/17/25 Long Term Capital Gain 0.34427 40.18 12/15/25 12/16/25 12/17/25 Short Term Capital Gain 0.02118 40.18