MFS launches two active ETFs for small-mid caps and global value

On June 4 MFS launched two actively managed exchange-traded funds: the MFS Blended Research Small-Mid Cap ETF (BRSM) and the MFS Active International Value ETF (MIVL). BRSM has an expense ratio of 38 basis points; MIVL carries 57 basis points.

BRSM targets companies and REITs within the Russell 2500 market-capitalization range. The fund combines stock selection with a portfolio construction process intended to keep overall characteristics close to the Russell 2500 benchmark. Security choices are driven by a blended research rating that merges fundamental analysis, including assessments of financial condition and industry context, with quantitative models that evaluate price momentum and earnings trends.

Small- and mid-cap stocks have delivered stronger returns in 2026. The Russell 2500 has returned about 13% year-to-date, versus roughly 9% for large-cap measures over the same period. BRSM seeks opportunities across the small-mid cap spectrum while managing exposure to benchmark characteristics.

MIVL focuses on value opportunities in non-U.S. markets and may allocate to emerging markets when investment cases arise. The fund is not constrained by company size and can invest across market-cap ranges. Rather than tracking a value index, MIVL selects companies that MFS estimates are trading below intrinsic value across countries, sectors and regions.

MIVL expands MFS’s lineup of active international ETFs and follows the firm’s earlier international launch last October. Both funds began offering shares on June 4 and carry the stated expense ratios.

Both ETFs use MFS’s research inputs and portfolio construction processes to implement their respective strategies.