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MRSAX

MFS Research International Fund

Actively managedEquityOpen-end fund
MFS SERIES TRUST I: MRSAX · MRSJX · MRIBX · MRICX · MRSIX · MRSGX · MRSRX · MRSHX · MRSKXHoldings as of May 31, 2026Filed Jul 27, 2026

Actively managed developed international stock fund

As of its 2026 Q2 report, MFS Research International Fund held 121 positions with $17.76B in net assets. Its ten largest holdings made up 22.2% of the fund. The MRSAX share class costs 0.99% a year. Over the 12 months to May 2026, MRSAX returned 17.0%, with dividends reinvested. In 2026 Q2 it added 10 new positions and exited 5.

2026 Q2 holdings and allocationChanges are against the previous quarter, 2026 Q1Headline fees and returns use the MRSAX share class
Expense ratio · MRSAX
0.99%
$99 a year for every $10,000 invested
0.64% – 1.74% across the 9 classes
$17.76B
The whole fund, all share classes
121 holdings
22.2%in the top 10
Weight held in the ten largest holdings
Top 25 hold 43.3%
Return, 1 year · MRSAX
+17.0%
With dividends, to May 2026
3 yr total +46.2% · 5 yr total +30.0%
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 across developed and emerging markets, selected through bottom-up fundamental analysis by a team of sector leaders and research analysts; it may also use quantitative screening tools to evaluate issuers. The fund is managed to be sector neutral to the MSCI EAFE Index using the adviser's custom industry and sector classifications. Because the fund's active selection approach may diverge from the index's holdings, performance may differ from the MSCI EAFE Index.

What you own

per cent of the fund
CompanyWeightValue
Mizuho Financial Group Inc
2.90%
$514.19M
Schneider Electric SE
2.82%
$500.71M
Hitachi Ltd
2.45%
$434.42M
ASML Holding NV
2.21%
$393.22M
Taiwan Semiconductor Manufacturing Co Ltd
2.21%
$391.85M
Novartis AG
2.12%
$375.78M
TotalEnergies SE
2.10%
$372.87M
Tokyo Electron Ltd
1.90%
$336.77M
AstraZeneca PLC
1.78%
$316.31M
Linde PLC
1.76%
$312.73M
Showing 1–10 of 121 · the top 10 are 22.23% of the fund, the top 25 are 43.30%

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 121 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%.

101.28%
of net assets
Stocks99.72%
Cash & short-term1.55%
Other0.01%

Derivatives are shown at market value, not notional exposure.

How it has done

Total return, dividends reinvested · to May 2026

MRSAX share class · total returns with dividends reinvested

1 year
+16.95%
3 years
+46.22%
Cumulative, not per year
5 years
+29.99%
Cumulative, not per year
Largest decline in 3 years
-10.29%
From a previous high to a later low
Cumulative return, last three years· Jun 2023 – May 2026

Volatility over the last 12 months: 13.82%. Past returns are a record, not a forecast.

The 9 share classes hold the same portfolio

Share classExpense ratio1 year3 years5 yearsWorst fall
0.99%+16.95%+46.22%+29.99%-10.29%
0.74%+17.21%+47.26%+31.60%-10.21%
1.74%+16.09%+43.01%+25.23%-10.44%
1.74%+16.07%+43.04%+25.24%-10.44%
0.74%+17.20%+47.29%+31.65%-10.24%
1.74%+16.05%+42.82%+25.06%-10.53%
1.24%+16.65%+45.14%+28.45%-10.34%
0.99%+16.97%+46.27%+30.10%-10.31%
0.64%+17.35%+47.82%+32.29%-10.20%

These classes hold the same portfolio, so the 7.23pp spread over 5 years is the cost difference between them — roughly 1.45pp a year — not a difference in what they own.

Fees & fund details

MFS Research International 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
0.64% – 1.74%· MRSAX 0.99%
Portfolio turnover
27.00% a year · as of 2025 Q4

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.

10 new· the largest 8

AstraZeneca PLC
JP Morgan US Government Money Market Fund
Roche Holding AG
Deutsche Boerse AG
Aker BP ASA
CVC Capital Partners PLC
Renesas Electronics Corp
POUND STERLING

5 exited

Roche Holding AG
Euronext NV
Galp Energia SGPS SA
Capcom Co Ltd
SOUTH KOREAN WON
Connected research

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