Investment Objective
Seeks capital appreciation.
Investment Focus
Managed with a long term investment horizon
Multi-cap approach focused primarily on high quality non-US businesses with above-average growth potential
Seeks to invest in companies with strong fundamentals, durable competitive advantages, and reasonable valuations
Fund Information
- Fund Commencement 10/24/1995
- Net Assets ($ M) As of 11/30/25 $21996.55
- Fiscal Year End MAY
-
Benchmark
MSCI All Country World (ex-US) Growth Index is a market capitalization index that is designed to measure equity market performance for growth securities in the global developed and emerging markets, excluding the U.S.MSCI All Country World (ex-US) Growth Index (net div)
Share Class Information
- Class Inception 01/02/1997
- Net Asset Value (NAV) As of 12/15/25 $57.14
- Most Recent NAV Change As of 12/15/25 $0.32 | 0.56%
- Fund Number 886
- Maximum Sales Charge --
-
Gross Expense Ratio
0.82%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.81%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 09/30/26
Managers
Top 10 Holdings
As of 11/30/25
- Taiwan Semiconductor Manufacturing Co Ltd
- Schneider Electric SE
- Roche Holding AG
- SAP SE
- Nestle SA
- AIA Group Ltd
- AstraZeneca PLC
- Hitachi Ltd
- Tencent Holdings Ltd
- Agnico Eagle Mines Ltd
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.
Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.
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.
Growth: Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Matthew Barrett, ASIP
Portfolio Manager
Matthew Barrett, ASIP, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®), managing the firm's International Growth and European ex UK strategies. He is based in MFS' London office.
Matthew joined MFS in 2000 and became a research analyst in 2001. He was named portfolio manager in 2008. Before joining MFS, he was an associate director specializing in Asian equities for Newport Capital Ltd.
He earned a bachelor's degree from University College London and holds a Masters of Business Administration from the London Business School. He is a member of the CFA Society of the UK and an associate of the Society of Investment Professionals (ASIP).
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.
Kevin Dwan
Portfolio Manager
Kevin M. Dwan is an investment officer and equity portfolio manager for the International Growth strategies 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. Kevin joined MFS in 2005 as a global equity analyst. He was named director of research -- Asia in 2007 and assumed his current role in 2012. Prior to MFS, he worked for nine years at Putnam Investments in various roles in Boston, London and Tokyo, including equity analyst and sector-sleeve portfolio manager for international core equity strategies. He began his career in the financial services industry in 1996. Kevin earned a Bachelor of Arts degree in economics from Harvard University and a Master of Business Administration degree from Harvard Business School.
Performance
Average Annual Total Returns (%)
As of 09/30/25
(*YTD Updated Daily, As of 12/14/25 , subject to revision and not annualized.)Morningstar
Morningstar ratings are based on risk adjusted performance.
Morningstar
Morningstar ratings are based on risk adjusted performance.
Important Performance Information
Performance information shown for periods prior to November 30, 1998, reflects periods when a subadvisor (Foreign & Colonial Management Ltd. and its subsidiary Foreign and Colonial Emerging Markets Ltd.) was responsible for selecting investments for the fund.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of Return (%)
As of 12/31/24
|Benchmark: MSCI All Country World (ex-US) Growth Index (net div)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 0.30 | 2.64 | 32.46 | -8.86 | 27.19 | 15.73 | 9.51 | -15.13 | 14.83 | 9.10 |
| MSCI All Country World (ex-US) Growth Index (net div) | -1.25 | 0.12 | 32.01 | -14.43 | 27.34 | 22.20 | 5.09 | -23.05 | 14.03 | 5.07 |
| At NAV | MSCI All Country World (ex-US) Growth Index (net div) | |
|---|---|---|
| 2024 | 9.1 | 5.07 |
| 2023 | 14.83 | 14.03 |
| 2022 | -15.13 | -23.05 |
| 2021 | 9.51 | 5.09 |
| 2020 | 15.73 | 22.2 |
| 2019 | 27.19 | 27.34 |
| 2018 | -8.86 | -14.43 |
| 2017 | 32.46 | 32.01 |
| 2016 | 2.64 | 0.12 |
| 2015 | 0.3 | -1.25 |
Pricing History
- NAV at Close of Trading on: 12/15/25
- Net Asset Value (NAV): $57.14
- Change ($) (since 12/12/25 ): 0.32
- Change (%) (since 12/12/25 ): 0.56
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
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.
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.
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.
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)
Updated Daily As of 12/15/25
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/16/24 | 12/17/24 | 12/18/24 | Dividend | 0.64357 | 48.56 |
| 12/16/24 | 12/17/24 | 12/18/24 | Long Term Capital Gain | 1.90189 | 48.56 |
| 12/16/24 | 12/17/24 | 12/18/24 | Short Term Capital Gain | 0.02364 | 48.56 |
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Overview
Investment Objective
Seeks capital appreciation.
Investment Focus
Managed with a long term investment horizon
Multi-cap approach focused primarily on high quality non-US businesses with above-average growth potential
Seeks to invest in companies with strong fundamentals, durable competitive advantages, and reasonable valuations
Fund Information
- Fund Commencement 10/24/1995
- Net Assets ($ M) As of 11/30/25 $21996.55
- Fiscal Year End MAY
-
Benchmark
MSCI All Country World (ex-US) Growth Index is a market capitalization index that is designed to measure equity market performance for growth securities in the global developed and emerging markets, excluding the U.S.MSCI All Country World (ex-US) Growth Index (net div)
Share Class Information
- Class Inception 01/02/1997
- Net Asset Value (NAV) As of 12/15/25 $57.14
- Most Recent NAV Change As of 12/15/25 $0.32 | 0.56%
- Fund Number 886
- Maximum Sales Charge --
-
Gross Expense Ratio
0.82%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.81%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 09/30/26
Managers
Top 10 Holdings
As of 11/30/25
- Taiwan Semiconductor Manufacturing Co Ltd
- Schneider Electric SE
- Roche Holding AG
- SAP SE
- Nestle SA
- AIA Group Ltd
- AstraZeneca PLC
- Hitachi Ltd
- Tencent Holdings Ltd
- Agnico Eagle Mines Ltd
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.
Emerging Markets: Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, geopolitical and economic instability than developed markets.
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.
Growth: Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general.
Please see the prospectus for further information on these and other risk considerations.
Matthew Barrett, ASIP
Portfolio Manager
30YEARS WITH INDUSTRY
11YEARS WITH PORTFOLIOMatthew Barrett, ASIP, is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®), managing the firm's International Growth and European ex UK strategies. He is based in MFS' London office.
Matthew joined MFS in 2000 and became a research analyst in 2001. He was named portfolio manager in 2008. Before joining MFS, he was an associate director specializing in Asian equities for Newport Capital Ltd.
He earned a bachelor's degree from University College London and holds a Masters of Business Administration from the London Business School. He is a member of the CFA Society of the UK and an associate of the Society of Investment Professionals (ASIP).
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.
Kevin Dwan
Portfolio Manager
28YEARS WITH INDUSTRY
14YEARS WITH PORTFOLIOKevin M. Dwan is an investment officer and equity portfolio manager for the International Growth strategies 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. Kevin joined MFS in 2005 as a global equity analyst. He was named director of research -- Asia in 2007 and assumed his current role in 2012. Prior to MFS, he worked for nine years at Putnam Investments in various roles in Boston, London and Tokyo, including equity analyst and sector-sleeve portfolio manager for international core equity strategies. He began his career in the financial services industry in 1996. Kevin earned a Bachelor of Arts degree in economics from Harvard University and a Master of Business Administration degree from Harvard Business School.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | QuarterlyAs of 09/30/25
(*YTD Updated Daily, As of 12/14/25 , 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.MORNINGSTAR RATINGMorningstar Overall Rating As of Class I SharesMorningstar
Morningstar ratings are based on risk adjusted performance.
OVERALL MORNINGSTAR RATINGMorningstar Overall Rating As of Class I SharesMorningstar
Morningstar ratings are based on risk adjusted performance.
NAImportant Performance Information
Performance information shown for periods prior to November 30, 1998, reflects periods when a subadvisor (Foreign & Colonial Management Ltd. and its subsidiary Foreign and Colonial Emerging Markets Ltd.) was responsible for selecting investments for the fund.
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Sales Charges
Class I shares are available without a sales charge to eligible investors.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24
|Benchmark: MSCI All Country World (ex-US) Growth Index (net div)
annual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 0.30 2.64 32.46 -8.86 27.19 15.73 9.51 -15.13 14.83 9.10 MSCI All Country World (ex-US) Growth Index (net div) -1.25 0.12 32.01 -14.43 27.34 22.20 5.09 -23.05 14.03 5.07 At NAV MSCI All Country World (ex-US) Growth Index (net div) 2024 9.1 5.07 2023 14.83 14.03 2022 -15.13 -23.05 2021 9.51 5.09 2020 15.73 22.2 2019 27.19 27.34 2018 -8.86 -14.43 2017 32.46 32.01 2016 2.64 0.12 2015 0.3 -1.25 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 12/15/25
- Net Asset Value (NAV): $57.14
- Change ($) (since 12/12/25 ): 0.32
- Change (%) (since 12/12/25 ): 0.56
- 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.
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.
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)
Updated Daily As of 12/15/25
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/16/24 12/17/24 12/18/24 Dividend 0.64357 48.56 12/16/24 12/17/24 12/18/24 Long Term Capital Gain 1.90189 48.56 12/16/24 12/17/24 12/18/24 Short Term Capital Gain 0.02364 48.56 Past performance is no guarantee of future results. Please consult your tax advisor for further information.