- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MFS Series Trust IV MA United States of America
- IPO Date
- Sep 15, 2015
- Business
- MFS Blended Research International Equity Fund - Class A (BRXAX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of foreign issuers, including those in developed and emerging markets outside the United States. The fund integrates fundamental and quantitative research processes to construct its portfolio, targeting high-quality companies trading at favorable valuations with long-term catalysts; it benchmarks performance against the MSCI All Country World (ex-US) Index (net div) and maintains at least 80% of its net assets in equities, with a portfolio featuring 156 holdings, a weighted average market cap of $158.5 billion, and an active share of 73.63% as of November 30, 2025. Net assets total $2.216 billion as of November 30, 2025, with a net expense ratio of 0.77% and a maximum front-end sales charge of 5.75%; share classes include Class A (inception September 15, 2015), with other classes such as Class I (BRXIX). The fund is managed by a team including Jonathan Sage, James Fallon, John (Jed) Stocks, and Matthew Krummell since inception, and invests across regions such as Europe ex-U.K. (29.59%), emerging markets (29.38%), Japan (13.31%), and the United Kingdom (9.97%), with top sectors including financials (23.85%) and information technology (15.30%).
BRXAX forms part of the broader offerings from Massachusetts Financial Services Company (MFS), a global investment manager founded in 1924 and headquartered at 111 Huntington Avenue, Boston, Massachusetts, which oversees $655.2 billion in assets under management as of November 30, 2025 across more than 80 U.S. mutual funds, institutional accounts, ETFs launched in 2024, variable insurance trusts, and the Meridian Funds for non-U.S. investors. MFS, a subsidiary of Sun Life Financial Inc., serves financial advisors, institutions including pension plans and endowments, and retirement platforms worldwide through offices in Boston, Hong Kong, London, Singapore, São Paulo, Sydney, Tokyo, and Toronto.
Recent developments include a notice of pending portfolio manager transitions announced on December 16, 2025; notification of fee changes detailing adjustments to expense ratios for certain Blended Research funds on September 25, 2025; and capital gain estimates released on November 7, 2025, followed by distributions on December 17, 2025 comprising short-term capital gain ($0.16179 per share), long-term capital gain ($0.28680 per share), and dividend ($0.25627 per share). These updates reflect ongoing operational enhancements within MFS's Blended Research suite amid its expansion into ETFs and sustained focus on active equity strategies.