ETF Evaluator:
MFS Active International Value ETF ()
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(as of Aug 20)
Best Performing in Foreign Large Value Over the Last Year
| 42.4% | GMO International Value ETF (GMOI) |
| 42.0% | JPMorgan International Value ETF (JIVE) |
| 40.1% | Schwab Fundamental International Eq ETF (FNDF) |
| 39.7% | Cambria Global Value ETF (GVAL) |
| 39.3% | Invesco RAFI Developed Markets ex-US ETF (PXF) |
Risk
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Risk
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ETF Details
MFS Active International Value ETF Overview
MFS Active International Value ETF (MIVL) is an actively managed International Equity Foreign Large Value exchange-traded fund (ETF). MFS launched the ETF in 2026.
The investment seeks capital appreciation.
MFS normally invests at least 80% of the fund’s net assets in value companies. Value companies are companies that MFS believes are undervalued compared to their perceived worth in the marketplace. It normally invests the fund’s assets primarily in foreign equity securities, including emerging market equity securities. It normally invests the fund’s assets primarily in common stocks and depositary receipts.
About MFS Active International Value ETF (MIVL)
There are 3 members of the management team with an average tenure of 0.16 years: John (Jed) Stocks (2026), David Shindler (2026) and Steven Gorham (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
MFS Active International Value ETF has 64 securities in its portfolio. The top 10 holdings constitute 29.9% 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 Active International Value ETF is part of the Equity global asset class and is within the International Equity ETF group. MFS Active International Value ETF has 95.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.6% There is 95.2% 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 Active International Value ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $2 billion average for the Foreign Large Value 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.
MIVL 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 Active International Value ETF expense ratio is average compared to funds in the Foreign Large Value category. MFS Active International Value ETF has an expense ratio of 0.57%, which is 23% higher than its category average, making the fund expense ratio grade a D. 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 Active International Value 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 Foreign Large Value category.
Recently, in the month of July 2026, MFS Active International Value ETF returned 5.8%, which earned it a grade of B, as the Foreign Large Value category had an average return of 4.5%. 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 Active International Value ETF has a trailing yield of 0.00%, which is below the 3.26% category average.
The fund normally distributes its income daily and its capital gains daily.
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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MIVL 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 |
|
| MIVL Return (NAV) | 5.8% | na | na | na | na | na |
| MIVL Return (Price) | 4.2% | na | na | na | na | na |
| NAV +/- Price Return | 1.572% | na | na | na | na | na |
| Foreign Large Value Avg | 4.5% | 5.1% | 30.8% | 19.8% | 12.1% | 9.9% |
| MIVL Grade (NAV) | B | na | na | na | na | na |
| +/- Category (NAV) | 1.3% | na | na | na | na | na |
| MIVL Tax-Cost Ratio | na | na | na | na | na | na |
MIVL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MIVL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| MIVL 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 |
| Foreign Large Value Avg | 15.0% | 38.6% | 4.7% | 16.7% | -8.9% | 12.3% | -0.7% | 18.8% | -13.7% | 23.2% | 6.9% |
| MIVL 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: | $ 22 Mil |
| Share Class Assets: | $ 22 Mil |
| Turnover: | na |
| Expense Ratio: | 0.57% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Daily |
| Income Distribution Frequency: | Daily |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Stocks John (Jed) (2026), Shindler David (2026), Gorham Steven (2026) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 64 |
| % in Top 10 Holdings: | 29.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.2% |
Portfolio Allocation |
|
| Domestic Stock: | 4.6% |
| Foreign Stock: | 95.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | MFS |
| Phone Number: | 800-637-5637 |
| Website: | |
| Inception Date: | June 4, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.57% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
