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MGRAX

MFS International Growth Fund

Actively managedEquityOpen-end fund
MFS SERIES TRUST X: MGRAX · MGRBX · MGRCX · MQGIX · MGRDX · MGRVX · MGRRX · MGRQX · MGRTXHoldings as of May 31, 2026Filed Jul 27, 2026

Actively managed developed international stock fund

As of its 2026 Q2 report, MFS International Growth Fund held 90 positions with $23.06B in net assets. Its ten largest holdings made up 34.3% of the fund. The MGRAX share class costs 1.06% a year. Over the 12 months to May 2026, MGRAX returned 11.6%, with dividends reinvested. In 2026 Q2 it added 8 new positions and exited 10.

2026 Q2 holdings and allocationChanges are against the previous quarter, 2026 Q1Headline fees and returns use the MGRAX share class
Expense ratio · MGRAX
1.06%
$106 a year for every $10,000 invested
0.69% – 1.81% across the 9 classes
$23.06B
The whole fund, all share classes
90 holdings
34.3%in the top 10
Weight held in the ten largest holdings
Top 25 hold 62.4%
Return, 1 year · MGRAX
+11.6%
With dividends, to May 2026
3 yr total +44.4% · 5 yr total +34.0%
What this fund is
Objective, as filed

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 above-average earnings growth potential. MFS may concentrate a significant portion of assets in a single industry, sector, country, or region, which concentrates risk in those areas.

What you own

per cent of the fund
CompanyWeightValue
Taiwan Semiconductor Manufacturing Co Ltd
7.24%
$1.67B
Schneider Electric SE
4.00%
$922.68M
Resonac Holdings Corp
3.70%
$852.42M
SAP SE
3.17%
$729.75M
Nestle SA
2.97%
$685.12M
Delta Electronics Inc
2.94%
$677.95M
AstraZeneca PLC
2.79%
$643.21M
AIA Group Ltd
2.67%
$615.84M
Rolls-Royce Holdings PLC
2.40%
$553.79M
AEMAgnico Eagle Mines Ltd
2.38%
$548.15M
Showing 1–10 of 90 · the top 10 are 34.26% of the fund, the top 25 are 62.43%

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 90 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%.

100.45%
of net assets
Stocks99.96%
Cash & short-term0.37%
Other0.13%

How it has done

Total return, dividends reinvested · to May 2026

MGRAX share class · total returns with dividends reinvested

1 year
+11.59%
3 years
+44.43%
Cumulative, not per year
5 years
+34.04%
Cumulative, not per year
Largest decline in 3 years
-12.03%
From a previous high to a later low
Cumulative return, last three years· Jun 2023 – May 2026

Volatility over the last 12 months: 13.27%. Past returns are a record, not a forecast.

The 9 share classes hold the same portfolio

Share classExpense ratio1 year3 years5 yearsWorst fall
1.06%+11.59%+44.43%+34.04%-12.03%
1.81%+10.72%+41.18%+29.05%-12.22%
1.81%+10.72%+41.15%+29.08%-12.18%
0.81%+11.85%+45.44%+35.63%-11.97%
0.69%+11.98%+45.97%+36.50%-11.95%
0.81%+11.86%+45.51%+35.75%-11.97%
1.81%+10.72%+41.18%+29.03%-12.19%
1.31%+11.32%+43.28%+32.31%-12.09%
1.06%+11.58%+44.39%+33.99%-12.04%

These classes hold the same portfolio, so the 7.47pp spread over 5 years is the cost difference between them — roughly 1.49pp a year — not a difference in what they own.

Fees & fund details

MFS International Growth Fund is an actively managed developed international equity fund.

Asset class
Equity
Region
Developed international
Management
Actively managed
Fund type
Open-end fund
Expense ratio, by class
0.69% – 1.81%· MGRAX 1.06%
Portfolio turnover
20.00% 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

2026 Q2 vs 2026 Q1

Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.

8 new

Globalwafers Co Ltd
RELX PLC
SUMCO Corp
Roche Holding AG
L'Oreal SA
JP Morgan US Government Money Market Fund
NEW TAIWAN DOLLAR
THAILAND BAHT

10 exited· the largest 8

Roche Holding AG
Reckitt Benckiser Group PLC
QIAGEN NV
Yum China Holdings IncYUMC
Novo Nordisk A/S
Kasikornbank PCL
EssilorLuxottica SA
Singapore Technologies Engineering Ltd
Connected research

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