Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Seeks to achieve capital appreciation.
Strategy. Under normal circumstances, the Portfolio intends to invest at least 80% of its net assets in the equity securities of foreign companies, including emerging markets equity securities. The Portfolio may invest a significant percentage of its assets in issuers in a single country, a small number of countries, or a particular geographic region. The Sub-Adviser normally allocates the Portfolios investments across different industries and sectors, but the Sub-Adviser may invest a significant percentage of the Portfolios assets in issuers in a single or small number of industries or sectors. The Sub-Adviser focuses on investing the Portfolios assets in the stocks of companies it believes have above average earnings growth potential compared to other companies (i.e., growth companies). Growth companies tend … Under normal circumstances, the Portfolio intends to invest at least 80% of its net assets in the equity securities of foreign companies, including emerging markets equity securities. The Portfolio may invest a significant percentage of its assets in issuers in a single country, a small number of countries, or a particular geographic region. The Sub-Adviser normally allocates the Portfolios investments across different industries and sectors, but the Sub-Adviser may invest a significant percentage of the Portfolios assets in issuers in a single or small number of industries or sectors. The Sub-Adviser focuses on investing the Portfolios assets in the stocks of companies it believes have above average earnings growth potential compared to other companies (i.e., growth companies). Growth companies tend to have stock prices that are high relative to their earnings, dividends, book value, or other financial measures. The Portfolio may invest in companies of any size. The Portfolio intends to invest primarily in common stocks, but it may also invest in other types of equity securities. These may include depositary receipts, preferred stocks and warrants. The Sub-Adviser uses an active bottom-up investment approach to buying and selling investments for the Portfolio. Investments are selected primarily based on fundamental analysis of individual issuers and their potential in light of their financial condition, and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuers earnings, cash flows, competitive position, and management ability. The Sub-Adviser may also consider environmental, social, and governance (ESG) factors in its fundamental investment analysis where the Sub-Adviser believes such factors could materially impact the economic value of an issuer. ESG factors considered may include, but are not limited to, climate change, resource depletion, an issuers governance structure and practices, data protection and privacy issues, and diversity and labor practices. Quantitative screening tools that systematically evaluate an issuers valuation, price and earnings momentum, earnings quality, and other factors may also be considered. The Sub-Adviser may sell a security for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities the Sub-Adviser believes to be more promising, among others.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $79.66M | 5.85% |
| SCHNEIDER ELECTR | — | $50.57M | 3.71% |
| SAP SE | — | $42.52M | 3.12% |
| ASTRAZENECA PLC | — | $42.29M | 3.11% |
| NESTLE SA (REG) | — | $42.05M | 3.09% |
| AIA Group Ltd | — | $41.19M | 3.03% |
| AGNICO EAGLE MINES LTD | — | $38.18M | 2.80% |
| TENCENT HOLDINGS LTD | — | $34.97M | 2.57% |
| FRANCO-NEVADA CORP | — | $34.24M | 2.51% |
| LINDE PLC | — | $34.09M | 2.50% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| MFS International Growth Portfolio | 98% | 0.88% |
| MFS International Growth Fund · MGRAX, MGRBX, MGRCX, MQGIX, MGRDX, MGRVX, MGRRX, MGRQX, MGRTX | 92% | 0.69% |
| LVIP MFS International Growth Fund | 87% | 0.79% |
Advisers
| Firm | Role |
|---|---|
| MASSACHUSETTS FINANCIAL SERVICES COMPANY | Sub-adviser |
| Equitable Investment Management Group, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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