INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities
Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows
MFS locations within the Emerging Markets areas allow for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
Fund Information
- Fund Commencement 06/05/1996
- Net Assets ($ M) As of 09/30/24 $38.69
-
Benchmark
MSCI Emerging Markets Index measures emerging market stocks.MSCI Emerging Markets Index (net div)
Share Class Information
- Class Inception 06/05/1996
- Net Asset Value (NAV) As of 10/31/24 $13.79
- Most Recent NAV Change As of 10/31/24 $0.16 | 1.15%
- CUSIP 55274F554
-
Gross Expense Ratio
1.50%
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
1.23%
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 04/30/25
MANAGERS
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- Samsung Electronics Co Ltd
- Alibaba Group Holding Ltd
- Infosys Ltd
- Tata Consultancy Services Ltd
- Ping An Insurance Group Co of China Ltd
- China Construction Bank Corp
- Kweichow Moutai Co Ltd
- HDFC Bank Ltd
Important Risk Considerations
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.
Please see the prospectus for further information on these and other risk considerations.
Rajesh Nair
Portfolio Manager
Rajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Harry Purcell
Portfolio Manager
Harry Purcell is an investment officer and equity portfolio manager for the Emerging Markets 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 assumed his current role in 2017. Before that, he cofounded and served as a portfolio manager at Zedd Capital for three years. He previously held portfolio management roles at CQS Management Limited and Tribeca Global Investments (part of 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
Average Annual Total Returns (%)
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Important Performance Information
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.
Annual Rate of Return (%)
As of 12/31/23 | Benchmark: MSCI Emerging Markets Index (net div)| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | -6.72 | -12.89 | 9.37 | 37.95 | -13.94 | 20.52 | 10.57 | -6.75 | -19.72 | 10.90 |
| MSCI Emerging Markets Index (net div) | -2.19 | -14.92 | 11.19 | 37.28 | -14.57 | 18.42 | 18.31 | -2.54 | -20.09 | 9.83 |
| At NAV | MSCI Emerging Markets Index (net div) | |
|---|---|---|
| 2023 | 10.9 | 9.83 |
| 2022 | -19.72 | -20.09 |
| 2021 | -6.75 | -2.54 |
| 2020 | 10.57 | 18.31 |
| 2019 | 20.52 | 18.42 |
| 2018 | -13.94 | -14.57 |
| 2017 | 37.95 | 37.28 |
| 2016 | 9.37 | 11.19 |
| 2015 | -12.89 | -14.92 |
| 2014 | -6.72 | -2.19 |
Pricing History
- NAV at Close of Trading on: 10/31/24
- Net Asset Value (NAV): $13.79
- Change ($) (since 10/30/24 ): 0.16
- Change (%) (since 10/30/24 ): 1.15
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
-
Overview
INVESTMENT OBJECTIVE
Seeks capital appreciation.
INVESTMENT FOCUS
Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities
Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows
MFS locations within the Emerging Markets areas allow for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc.
Fund Information
- Fund Commencement 06/05/1996
- Net Assets ($ M) As of 09/30/24 $38.69
-
Benchmark
MSCI Emerging Markets Index measures emerging market stocks.MSCI Emerging Markets Index (net div)
Share Class Information
- Class Inception 06/05/1996
- Net Asset Value (NAV) As of 10/31/24 $13.79
- Most Recent NAV Change As of 10/31/24 $0.16 | 1.15%
- CUSIP 55274F554
-
Gross Expense Ratio
1.50%
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
1.23%
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 04/30/25
MANAGERS
Top 10 Holdings
As of 09/30/24- Taiwan Semiconductor Manufacturing Co Ltd
- Tencent Holdings Ltd
- Samsung Electronics Co Ltd
- Alibaba Group Holding Ltd
- Infosys Ltd
- Tata Consultancy Services Ltd
- Ping An Insurance Group Co of China Ltd
- China Construction Bank Corp
- Kweichow Moutai Co Ltd
- HDFC Bank Ltd
Important Risk Considerations
The portfolio may not achieve its objective and/or you could lose money on your investment in the portfolio.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.
Please see the prospectus for further information on these and other risk considerations.
Rajesh Nair
Portfolio Manager
29YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIORajesh R. Nair is an investment officer and equity research analyst at MFS Investment Management® (MFS®). In this role, he is responsible for identifying the most attractive investment opportunities in his assigned universe and works closely with portfolio managers to ensure ideas are properly positioned within portfolios. He is based in the firm's Singapore office. Before joining MFS in 2008, Rajesh worked at Credit Suisse, Holt Value Associates as director of Holt sales for seven years. Before that, he spent one year as an analyst at Deutsche Bank -- Regional Head Office and two years as project manager at System Access. He also served as an associate consultant at Citicorp Software for three years. He began his career in the financial services industry in 1996. Rajesh earned his bachelor's degree in electrical engineering from University of Calicut. He also holds a Master of Business Administration degree from London Business School.
Harry Purcell
Portfolio Manager
27YEARS WITH INDUSTRY
7YEARS WITH PORTFOLIOHarry Purcell is an investment officer and equity portfolio manager for the Emerging Markets 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 assumed his current role in 2017. Before that, he cofounded and served as a portfolio manager at Zedd Capital for three years. He previously held portfolio management roles at CQS Management Limited and Tribeca Global Investments (part of 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
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 09/30/24 (*YTD Updated Daily, As of 10/30/24 , 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 units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.
Important Performance Information
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.
The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.
Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.
Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.
Sales Charges
Initial Class shares have no sales charge.
No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.
A Word About Variable Products
Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/23 | Benchmark: MSCI Emerging Markets Index (net div)annual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV -6.72 -12.89 9.37 37.95 -13.94 20.52 10.57 -6.75 -19.72 10.90 MSCI Emerging Markets Index (net div) -2.19 -14.92 11.19 37.28 -14.57 18.42 18.31 -2.54 -20.09 9.83 At NAV MSCI Emerging Markets Index (net div) 2023 10.9 9.83 2022 -19.72 -20.09 2021 -6.75 -2.54 2020 10.57 18.31 2019 20.52 18.42 2018 -13.94 -14.57 2017 37.95 37.28 2016 9.37 11.19 2015 -12.89 -14.92 2014 -6.72 -2.19 The 2016 performance includes a 0.33% positive impact due to reimbursement to the fund by a 3rd party service provider.Pricing & DistributionsPricing History
- NAV at Close of Trading on: 10/31/24
- Net Asset Value (NAV): $13.79
- Change ($) (since 10/30/24 ): 0.16
- Change (%) (since 10/30/24 ): 1.15
- 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.