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 research platform
Fund Information
- Fund Commencement 01/31/96
- Net Assets ($ M) As of 03/31/24 $19310.25
- Fiscal Year End JUNE
- Benchmark MSCI EAFE (Europe, Australasia, Far East) Index (net div)
- Net Asset Value (NAV) As of 04/25/24 $33.42
- Most Recent NAV Change As of 04/25/24 $0.16 | 0.48%
MANAGERS
Top 10 Holdings
- Air Liquide SA
- Schneider Electric SE
- SAP SE
- Hitachi Ltd
- Nestle SA
- Novo Nordisk AS
- LVMH Moet Hennessy Louis Vuitton SE
- Capgemini SE
- Compass Group PLC
- Roche Holding AG
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.
Performance
Annual Rate of Return (%)
As of 12/31/23 | Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | -4.21 | 0.02 | 0.30 | 28.02 | -10.66 | 28.40 | 11.10 | 15.16 | -14.83 | 19.04 |
| MSCI EAFE (Europe, Australasia, Far East) Index (net div) | -4.90 | -0.81 | 1.00 | 25.03 | -13.79 | 22.01 | 7.82 | 11.26 | -14.45 | 18.24 |
| At NAV | MSCI EAFE (Europe, Australasia, Far East) Index (net div) | |
|---|---|---|
| 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 |
| 2015 | 0.02 | -0.81 |
| 2014 | -4.21 | -4.9 |
Pricing History
- NAV at Close of Trading on: 04/25/24
- Net Asset Value (NAV): $33.42
- Change ($) (since 04/24/24 ): 0.16
- Change (%) (since 04/24/24 ): 0.48
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Updated Daily As of 04/26/24
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/18/23 | 12/19/23 | 12/20/23 | Dividend | 0.55109 | 32.50 |
Performance Attribution
Available approximately 15 or 25 days after month end
Available approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
-
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 research platform
Fund Information
- Fund Commencement 01/31/96
- Net Assets ($ M) As of 03/31/24 $19310.25
- Fiscal Year End JUNE
- Benchmark MSCI EAFE (Europe, Australasia, Far East) Index (net div)
- Net Asset Value (NAV) As of 04/25/24 $33.42
- Most Recent NAV Change As of 04/25/24 $0.16 | 0.48%
MANAGERS
Top 10 Holdings
As of 03/31/24- Air Liquide SA
- Schneider Electric SE
- SAP SE
- Hitachi Ltd
- Nestle SA
- Novo Nordisk AS
- LVMH Moet Hennessy Louis Vuitton SE
- Capgemini SE
- Compass Group PLC
- Roche Holding AG
Filipe Benzinho
Portfolio Manager
17YEARS WITH INDUSTRY
8YEARS 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
25YEARS WITH INDUSTRY
15YEARS 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.
-
Performance
Performance
Average Annual Total ReturnsAnnual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/23 | Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)annual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV -4.21 0.02 0.30 28.02 -10.66 28.40 11.10 15.16 -14.83 19.04 MSCI EAFE (Europe, Australasia, Far East) Index (net div) -4.90 -0.81 1.00 25.03 -13.79 22.01 7.82 11.26 -14.45 18.24 At NAV MSCI EAFE (Europe, Australasia, Far East) Index (net div) 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 2015 0.02 -0.81 2014 -4.21 -4.9 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 04/25/24
- Net Asset Value (NAV): $33.42
- Change ($) (since 04/24/24 ): 0.16
- Change (%) (since 04/24/24 ): 0.48
- 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.
Updated Daily As of 04/26/24
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/18/23 12/19/23 12/20/23 Dividend 0.55109 32.50 Performance AttributionPerformance Attribution
Available approximately 15 or 25 days after month end
Quarterly AttributionAvailable approximately 25 days after quarter end
Year To Date (YTD)
12 Month Attribution
Calendar YearNo Data Available