MFS International Large Cap Value Fund

MFS Series Trust X · 8 share classes

Actively managed developed international equity fund
One fund, 8 share classes:MKVHXMKVGXMKVFXMKVBXMKVDXMKVIXMKVCXMKVEX
$7.41B NAV
97 positions · as of 2026-05-31 · filed 2026-07-23

Fund classification

Classified from what the fund holds · as of 2026 Q2

MFS International Large Cap Value Fund is an actively managed developed international equity fund.

Asset class
Equity
Region
Developed international
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2025 Q3

The funds investment objective is to seek capital appreciation.

Strategy · summarised

The fund invests at least 80% of assets in large-cap foreign equities, including emerging markets, selected through bottom-up fundamental analysis for perceived undervaluation relative to intrinsic worth. The manager may concentrate a significant portion in a single industry, sector, country, or region, creating risk of underperformance if that concentration moves unfavorably.

Expenses
0.67% 1.71%across 8 share classes
Share classGrossNetAs of
MKVHX0.71%0.67%2026 Q1
MKVGX0.74%0.71%2026 Q1
MKVFX0.99%0.96%2026 Q1
MKVBX0.99%0.96%2026 Q1
MKVDX1.74%1.71%2026 Q1
MKVIX0.74%0.71%2026 Q1
MKVCX1.74%1.71%2026 Q1
MKVEX1.24%1.21%2026 Q1

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

Portfolio turnover 22.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.67%
of net assets
Stocks98.31%
Cash & short-term2.36%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
International85.8%
Financials8.3%
Cash2.3%
Health Care1.7%
4 smaller1.7%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 3 new4 exited

New: Roche Holding AG, B&M European Value Retail plc, Versigent plc

Exited: Roche Holding AG, B&M European Value Retail SA, RS GROUP plc, IMI plc

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+33.38%+69.56%+79.84%12.69%-8.62%
+33.35%+69.31%+79.20%12.66%-8.61%
+33.00%+68.02%+77.02%12.72%-8.72%
+32.95%+68.00%+76.92%12.72%-8.66%
+32.01%+64.35%+70.50%12.68%-8.85%
+33.35%+69.36%+79.51%12.74%-8.60%
+31.97%+64.36%+70.51%12.72%-8.89%
+32.64%+66.91%+74.99%12.70%-8.79%

These classes hold the same portfolio, so the 9.34pp spread over 5 years is the cost difference between them — roughly 1.87pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

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

Issuer%NAVValue
NatWest Group plc3.32%$245.79M
BNP Paribas SA2.77%$205.48M
Roche Holding AG2.71%$200.54M
TotalEnergies SE2.65%$196.35M
Mitsubishi UFJ Financial Group, Inc.2.59%$191.77M
UBS Group AG2.47%$183.02M
British American Tobacco plc2.25%$166.44M
Eni SpA2.20%$163.31M
Glencore plc2.06%$153.03M
National Grid plc1.96%$145.22M
Showing 10 of 97Sign in to see more

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.

Top 10 positions are 24.98% of net assets, top 25 48.96%, across 97 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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