MFS Emerging Markets Equity Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, MFS Emerging Markets Equity Fund held 99 positions with $10.35B in net assets. Its ten largest holdings made up 47.3% of the fund. The MEMAX share class costs 1.31% a year. Over the 12 months to May 2026, MEMAX returned 44.4%, with dividends reinvested. In 2026 Q2 it added 6 new positions and exited 9.
The funds investment objective is to seek capital appreciation.
The fund invests at least 80% of assets in equity securities of issuers tied economically to emerging market countries, selected through bottom-up fundamental analysis of individual companies. The fund may concentrate a significant portion of assets in a single issuer, sector, country, or region, which creates risk of underperformance if those concentrated holdings decline. The fund is non-diversified.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 13.36% | $1.38B | 18.4M | $75.18 |
Samsung Electronics Co Ltd | 11.33% | $1.17B | 5.6M | $210.35 |
Tencent Holdings Ltd | 4.29% | $443.63M | 8.1M | $54.51 |
Alibaba Group Holding Ltd | 3.45% | $356.69M | 23.1M | $15.43 |
MediaTek Inc | 3.25% | $336.13M | 2.4M | $137.59 |
Hon Hai Precision Industry Co Ltd | 3.13% | $324.24M | 35.1M | $9.23 |
ASE Technology Holding Co Ltd | 2.67% | $276.17M | 14.2M | $19.50 |
HDFC Bank Ltd | 2.10% | $217.59M | 27.8M | $7.84 |
Delta Electronics Inc | 1.99% | $205.51M | 2.6M | $78.05 |
SK hynix Inc | 1.75% | $181.40M | 117.2K | $1,548.11 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 99 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.58% |
| Other | 0.12% |
How it has done
MEMAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.76%. Past returns are a record, not a forecast.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.31% | +44.43% | +87.36% | +36.14% | -10.53% | |
| 2.06% | +43.37% | +83.21% | +31.15% | -10.71% | |
| 2.06% | +43.33% | +83.17% | +31.19% | -10.68% | |
| 1.06% | +44.78% | +88.77% | +37.86% | -10.50% | |
| 2.06% | +43.34% | +83.20% | +31.11% | -10.71% | |
| 1.56% | +44.01% | +85.94% | +34.47% | -10.61% | |
| 1.31% | +44.40% | +87.39% | +36.15% | -10.53% | |
| 1.06% | +44.78% | +88.79% | +37.88% | -10.48% | |
| 0.94% | +44.96% | +89.60% | +38.88% | -10.46% |
These classes hold the same portfolio, so the 7.77pp spread over 5 years is the cost difference between them — roughly 1.55pp a year — not a difference in what they own.
Fees & fund details
MFS Emerging Markets Equity Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.94% – 2.06%· MEMAX 1.31%
- Portfolio turnover
- 36.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
6 new
9 exited· the largest 7
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — MEMAX, QQQ and the fund in my 401(k)?”
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