ETF Evaluator:
MFS Blended Research Em Mkts Eq ETF ()
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(as of Aug 26)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
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ETF Details
MFS Blended Research Em Mkts Eq ETF Overview
MFS Blended Research Em Mkts Eq ETF (BREE) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). MFS launched the ETF in 2026.
The investment seeks capital appreciation.
The fund normally invests at least 80% of the fund’s net assets in equity securities of issuers that are tied economically to emerging market countries. It normally invests the fund's assets across different industries, sectors, countries, and regions, but fund may invest a significant percentage of the fund’s assets in issuers in a single industry, sector, country, or region.
About MFS Blended Research Em Mkts Eq ETF (BREE)
There are 5 members of the management team with an average tenure of 0.41 years: Jonathan Sage (2026), John (Jed) Stocks (2026), Matthew Krummell (2026), Nathan Bryant (2026) and Jenney Zhang (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
MFS Blended Research Em Mkts Eq ETF has 139 securities in its portfolio. The top 10 holdings constitute 38.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
MFS Blended Research Em Mkts Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. MFS Blended Research Em Mkts Eq ETF has 98.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5% There is 98.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MFS Blended Research Em Mkts Eq ETF has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $25 million in total assets, which is below the $3 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BREE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MFS Blended Research Em Mkts Eq ETF expense ratio is average compared to funds in the Diversified Emerging Mkts category. MFS Blended Research Em Mkts Eq ETF has an expense ratio of 0.44%, which is 15% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MFS Blended Research Em Mkts Eq ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, MFS Blended Research Em Mkts Eq ETF returned -4.0%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -3.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
MFS Blended Research Em Mkts Eq ETF has a trailing yield of 0.00%, which is below the 2.41% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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BREE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BREE Return (NAV) | -4.0% | 6.0% | na | na | na | na |
| BREE Return (Price) | -5.9% | 3.3% | na | na | na | na |
| NAV +/- Price Return | 1.982% | 2.748% | na | na | na | na |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| BREE Grade (NAV) | C | A | na | na | na | na |
| +/- Category (NAV) | -1.0% | 3.1% | na | na | na | na |
| BREE Tax-Cost Ratio | na | na | na | na | na | na |
BREE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BREE Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| BREE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| BREE Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 26 Mil |
| Share Class Assets: | $ 26 Mil |
| Turnover: | na |
| Expense Ratio: | 0.44% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Sage Jonathan (2026), Stocks John (Jed) (2026), Krummell Matthew (2026), Bryant Nathan (2026), Zhang Jenney (2026) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 139 |
| % in Top 10 Holdings: | 38.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.5% |
| Foreign Stock: | 98.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | MFS |
| Phone Number: | 800-637-5637 |
| Website: | |
| Inception Date: | March 5, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.44% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
