MFS Active Value ETF

MFS Active Value ETF (MFSV) is an actively managed fund, not an index tracker. MFS picks mostly large US value stocks and held 61 as of August 31, 2026, led by Amazon, Microsoft and JPMorgan Chase. Its 0.44% expense ratio is higher than all six similar value ETFs, which averaged 0.14%. It launched in December 2024, so it has only one full calendar year of results.

• Over the year to Oct 27, 2026, MFSV returned +14.1%, 7th of 7 among similar funds.
• Its worst full calendar year was 2025 (+13.6%); its best was 2025 (+13.6%).
• The deepest fall in its price history was 12.7% (Feb 28, 2025 to Apr 8, 2025), recovered by Jun 27, 2025.

As of Aug 31, 2026, the fund held 61 securities; the ten largest made up 32.51% of assets.

By sector

• Over the three months to Aug 31, 2026, investors added a net $93.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +3.54%, +3.28%, +0.11%.

MFSV does not track an index. MFS (Massachusetts Financial Services Company), the fund's adviser, normally puts at least 80% of net assets into value companies, meaning stocks it believes trade below their worth. To judge that, MFS may check whether a company sits in a value index or is labeled value by an outside data provider. It may also check whether the stock looks cheap on measures such as price-to-earnings, price-to-book, price-to-cash flow and free cash flow yield (cash left after running the business, relative to the share price). MFS may also weigh profitability, debt levels and how management spends capital.

The managers pick stocks one at a time through research on each company, sometimes helped by quantitative screens. The fund mostly owns large companies. It may buy foreign stocks and can lean heavily on one sector. The prospectus sets no weighting formula or rebalancing schedule, so position sizes are the managers' call. As of August 31, 2026, the fund held 61 stocks, with 32.5% in the top 10. The largest were Amazon (5.4%), Microsoft (5.4%) and JPMorgan Chase (4.5%). Financials were the biggest sector at 21.6%, and 92.6% of assets were in US companies.

Portfolio turnover, the share of holdings replaced in a year, was 10%, which means little trading. The fund held no derivatives as of August 31, 2026. It may create and redeem shares in cash, which can make it less tax-efficient than ETFs that do this entirely in kind.

• MFSV charges 0.44% a year, versus an average of 0.14% for the similar funds below (7th of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $45 in the first year and $555 over 10 years (assuming a 5% annual return).

Its value tilt toward financials, health care, industrials and energy can complement a growth-heavy broad-market core, though it also owns Amazon, Microsoft and Apple.

MFSV launched in December 2024, so it has no record through the 2008, 2020 or 2022 downturns. Its one full calendar year, 2025, returned 13.4%. Its deepest drop was 12.7%, from February 28 to April 8, 2025, and it recovered by June 27, about 2.6 months later. Its one-year beta was 0.44 as of October 27, 2026, meaning it moved less than half as much as the market. One brief selloff says little about a long bear market, when a retiree selling shares to cover living costs could lock in losses. The yield was 1.35% as of October 27, 2026, paid quarterly, so the income is modest. Costs run high for the category: $555 over 10 years on $10,000 in the SEC's standard example. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.