- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MFS SERIES TRUST X MA United States of America
- IPO Date
- Oct 24, 1995
- Business
- MFS Series Trust X - MFS International Growth Fund A (MGRAX) is a mutual fund that seeks capital appreciation by investing primarily in foreign equity securities, including common stocks and related securities of issuers in developed and emerging markets outside the United States; it normally allocates at least 65% of net assets to such non-U.S. companies with above-average growth potential, strong fundamentals, durable competitive advantages, and reasonable valuations, focusing on larger market capitalization firms across multiple sectors such as industrials, information technology, materials, financials, and health care while maintaining investments in at least three countries. The fund offers share classes including A (with a 5.75% maximum front-end sales charge), B, C, I, and various R classes, with annual dividend and capital gains distributions; as of November 30, 2025, net assets stand at approximately $21.997 billion, with a portfolio of 87 issues, 96.96% in stocks, and top holdings including Taiwan Semiconductor Manufacturing Co Ltd, Schneider Electric SE, Roche Holding AG, SAP SE, and Nestle SA. Geographic exposure spans Europe ex-U.K. (37.95%), emerging markets (19.52%), the United Kingdom (11.32%), North America (11.00%), Japan (9.87%), and Asia/Pacific ex-Japan (7.30%), targeting institutional and retail investors seeking international growth diversification.
Launched on October 24, 1995, and headquartered at 500 Boylston Street, Boston, Massachusetts, the fund operates as a series of MFS Series Trust X, managed by Massachusetts Financial Services Company (MFS), an investment adviser with a legacy tracing back to the 1924 founding of the first U.S. mutual fund. MFS employs a multi-cap, long-term investment horizon with active management, evidenced by a portfolio turnover of 17.46% and active share of 75.47% versus the MSCI All Country World ex-U.S. Growth Index benchmark.
Recent developments include significant year-end 2025 distributions announced in December, comprising a long-term capital gain of $2.02214 per share, short-term capital gain of $0.13633 per share, and dividend of $0.36732 per share, payable December 17, 2025, reflecting robust portfolio performance with a 1-year return of approximately 16.40% for Class A shares; the fund continues expense reductions through waivers until at least September 30, 2026, maintaining a net expense ratio of 1.06%. No major acquisitions, partnerships, or strategic shifts have been reported for the fund or its parent trust in the past 1-2 years, underscoring stable operations amid ongoing portfolio adjustments to capture international growth opportunities.