MFS Active International Value ETF (MIVL)

The MFS Active International Value ETF is an actively managed equity fund from MFS Investment Management, the Boston-based asset manager. It invests primarily in stocks of companies located outside the United States that the managers believe are undervalued relative to their long-term earnings power.

The strategy emphasizes durable, high-quality businesses in developed international markets and relies on bottom-up fundamental research by MFS's global analyst team. Country and sector exposures result from stock selection rather than from tracking a benchmark.