MFS International Intrinsic Value Fund

MFS SERIES TRUST X · Series S000002517 · 9 share classes

Equity fund · 99% stocks
One fund, 9 share classes:MGIAXMGIBXMGICXMINIXMINJXMINRXMINFXMINGXMINHX
$26.21B NAV
91 positions · as of 2026-02-28 · filed 2026-04-24
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q3

The funds investment objective is to seek capital appreciation.

Strategy · summarised

The fund invests primarily in foreign equity securities, including emerging markets, selected through bottom-up fundamental analysis for companies the manager believes trade below intrinsic value and exhibit strong cash generation, conservative balance sheets, and sustainable competitive advantages. The fund may concentrate a significant portion of assets in a single industry, sector, country, or region. The manager uses derivatives primarily to adjust currency exposure.

Expenses
0.66% 1.77%across 9 share classes
Share classGrossNet
MGIAX1.03%1.02%
MGIBX1.78%1.77%
MGICX1.78%1.77%
MINIX0.78%0.77%
MINJX0.67%0.66%
MINRX1.78%1.77%
MINFX1.28%1.27%
MINGX1.03%1.02%
MINHX0.78%0.77%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 13.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.42%
of net assets
Stocks99.42%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 11 new9 exited

Largest new: RELX PLC, Keyence Corp, Reckitt Benckiser Group PLC, Coloplast A/S, Unicharm Corp, Check Point Software Technologies Ltd, Infineon Technologies AG, Nissin Foods Holdings Co Ltd

Largest exited: KVUE, Reckitt Benckiser Group PLC, Capgemini SE, CDNS, Epiroc AB, Woodside Energy Group Ltd, Intertek Group PLC, Nomura Research Institute Ltd

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Franco-Nevada CorpFNV4.33%$1.14B
Taiwan Semiconductor Manufacturing Co LtdTSM3.41%$893.90M
MFS Institutional Money Market Portfolio3.25%$852.93M
Schneider Electric SE3.02%$792.89M
Legrand SA3.00%$785.54M
TotalEnergies SE2.91%$762.49M
Wheaton Precious Metals CorpWPM2.48%$649.76M
Agnico Eagle Mines LtdAEM2.35%$616.36M
NatWest Group PLC2.17%$568.05M
Resona Holdings Inc2.16%$566.58M
Showing 10 of 91Sign in to see more

Top 10 positions are 29.09% of net assets, top 25 54.93%, across 91 issuers.

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