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MFS Global New Discovery Fund
mutual fund
GLNIX
Payout Change
Suspended
Price as of:
$24.13
-0.1
-0.41%
primary theme
N/A
GLNIX (Mutual Fund)
MFS Global New Discovery Fund
Payout Change
Suspended
Price as of:
$24.13
-0.1
-0.41%
primary theme
N/A
GLNIX (Mutual Fund)
MFS Global New Discovery Fund
Payout Change
Suspended
Price as of:
$24.13
-0.1
-0.41%
primary theme
N/A
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.0%
1 yr return
13.6%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
5.8%
Net Assets
$75.7 M
Holdings in Top 10
21.6%
52 WEEK LOW AND HIGH
$24.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GLNIX - Profile
Distributions
- YTD Total Return 8.0%
- 3 Yr Annualized Total Return -1.5%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.02%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Global New Discovery Fund
-
Fund Family NameMFS Funds
-
Inception DateDec 16, 2011
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Fruzzetti
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests the fund’s assets primarily in U.S. and foreign equity securities, including emerging market equity securities. Equity securities include common stocks, equity interests in real estate investment trusts (REITs), and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.
In selecting investments for the fund, MFS is not constrained by any particular investment style. MFS may invest the fund’s assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies.
While MFS may invest the fund’s assets in securities of companies of any size, MFS primarily invests in securities of companies with small to medium capitalizations.
MFS normally invests the fund’s assets across different industries, sectors, countries, and regions, but MFS may invest a significant percentage of the fund’s assets in issuers in a single industry, sector, country, or region. MFS generally invests the fund’s assets in at least three different countries and invests a percentage of the fund’s net assets in securities of foreign issuers equal to at least the lesser of 40% or the percentage of foreign issuers in the MSCI All Country World Small Mid Cap Index less 15%.
MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual issuers. Quantitative screening tools that systematically evaluate issuers may also be considered.
GLNIX - Performance
Return Ranking - Trailing
| Period | GLNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.0% | -44.3% | 9.5% | 57.69% |
| 1 Yr | 13.6% | -51.1% | 24.7% | 39.35% |
| 3 Yr | -1.5%* | -6.4% | 28.0% | 63.51% |
| 5 Yr | 5.8%* | -4.2% | 18.3% | 40.80% |
| 10 Yr | 8.9%* | 1.0% | 13.7% | 42.86% |
* Annualized
Return Ranking - Calendar
| Period | GLNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | -50.5% | 18.8% | 34.46% |
| 2022 | -26.9% | -27.4% | 103.5% | 58.74% |
| 2021 | 5.6% | 3.5% | 66.4% | 32.86% |
| 2020 | 19.3% | -64.5% | 5.6% | 34.92% |
| 2019 | 26.9% | -9.3% | 49.7% | 30.19% |
Total Return Ranking - Trailing
| Period | GLNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.0% | -44.3% | 9.5% | 53.21% |
| 1 Yr | 13.6% | -51.1% | 24.7% | 34.84% |
| 3 Yr | -1.5%* | -6.4% | 28.0% | 61.49% |
| 5 Yr | 5.8%* | -4.2% | 18.3% | 39.20% |
| 10 Yr | 8.9%* | 1.0% | 13.7% | 40.48% |
* Annualized
Total Return Ranking - Calendar
| Period | GLNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | -50.6% | 18.8% | 34.46% |
| 2022 | -26.9% | -27.4% | 103.5% | 58.74% |
| 2021 | 12.1% | 3.5% | 66.4% | 32.86% |
| 2020 | 23.9% | -64.5% | 5.6% | 4.76% |
| 2019 | 30.6% | -9.3% | 53.2% | 25.47% |
NAV & Total Return History
GLNIX - Holdings
Concentration Analysis
| GLNIX | Category Low | Category High | GLNIX % Rank | |
|---|---|---|---|---|
| Net Assets | 75.7 M | 2.31 M | 71.6 B | 61.88% |
| Number of Holdings | 95 | 31 | 9561 | 45.00% |
| Net Assets in Top 10 | 16.8 M | 452 K | 5.44 B | 73.75% |
| Weighting of Top 10 | 21.57% | 4.2% | 63.4% | 73.75% |
Top 10 Holdings
- MFS Institutional Money Market Portfolio 2.83%
- Cranswick PLC 2.58%
- GFL Environmental Inc 2.38%
- Westinghouse Air Brake Technologies Corp 2.21%
- ICON PLC 2.06%
- Howmet Aerospace Inc 1.98%
- Euronext NV 1.95%
- AUB Group Ltd 1.94%
- STERIS PLC 1.88%
- Burlington Stores Inc 1.75%
Asset Allocation
| Weighting | Return Low | Return High | GLNIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.07% | 40.59% | 104.41% | 48.13% |
| Cash | 3.93% | -4.41% | 47.07% | 60.63% |
| Preferred Stocks | 0.00% | 0.00% | 1.04% | 86.25% |
| Other | 0.00% | -7.94% | 19.71% | 11.88% |
| Convertible Bonds | 0.00% | 0.00% | 7.55% | 86.25% |
| Bonds | 0.00% | 0.00% | 8.07% | 86.25% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GLNIX % Rank | |
|---|---|---|---|---|
| Industrials | 21.08% | 0.00% | 53.77% | 39.38% |
| Consumer Cyclical | 18.74% | 0.00% | 71.20% | 18.75% |
| Technology | 18.47% | 0.00% | 93.40% | 40.63% |
| Healthcare | 11.09% | 0.00% | 28.38% | 51.25% |
| Basic Materials | 9.60% | 0.00% | 26.39% | 26.25% |
| Financial Services | 7.53% | 0.00% | 75.07% | 62.50% |
| Real Estate | 5.99% | 0.00% | 43.48% | 33.13% |
| Communication Services | 4.32% | 0.00% | 23.15% | 25.00% |
| Consumer Defense | 3.19% | 0.00% | 52.28% | 67.50% |
| Utilities | 0.00% | 0.00% | 70.33% | 95.63% |
| Energy | 0.00% | 0.00% | 36.56% | 91.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GLNIX % Rank | |
|---|---|---|---|---|
| Non US | 51.76% | 12.39% | 83.06% | 15.00% |
| US | 44.31% | 6.76% | 79.19% | 83.13% |
GLNIX - Expenses
Operational Fees
| GLNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.53% | 0.43% | 2.93% | 60.00% |
| Management Fee | 0.98% | 0.30% | 1.25% | 80.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.15% | N/A |
Sales Fees
| GLNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| GLNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GLNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 7.00% | 145.00% | 50.37% |
GLNIX - Distributions
Dividend Yield Analysis
| GLNIX | Category Low | Category High | GLNIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 14.18% | 89.38% |
Dividend Distribution Analysis
| GLNIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annually | Annually |
Net Income Ratio Analysis
| GLNIX | Category Low | Category High | GLNIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.02% | -1.92% | 6.98% | 43.31% |
Capital Gain Distribution Analysis
| GLNIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2021 | $0.696 | CapitalGainShortTerm |
| Dec 07, 2021 | $0.888 | CapitalGainLongTerm |
| Dec 08, 2020 | $0.906 | OrdinaryDividend |
| Dec 10, 2019 | $0.584 | CapitalGainLongTerm |
| Dec 11, 2018 | $1.089 | CapitalGainShortTerm |
| Dec 11, 2018 | $0.794 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.048 | OrdinaryDividend |
| Dec 12, 2017 | $0.067 | CapitalGainShortTerm |
| Dec 12, 2017 | $0.513 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.083 | OrdinaryDividend |
| Dec 11, 2015 | $0.034 | OrdinaryDividend |
| Dec 12, 2014 | $0.235 | CapitalGainShortTerm |
| Dec 12, 2014 | $0.412 | CapitalGainLongTerm |
| Dec 11, 2013 | $0.336 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.154 | CapitalGainLongTerm |
| Dec 12, 2012 | $0.188 | CapitalGainShortTerm |
GLNIX - Fund Manager Analysis
Managers
Peter Fruzzetti
Start Date
Tenure
Tenure Rank
Dec 16, 2011
10.46
10.5%
Peter Fruzzetti is an investment officer of MFS Investment Management® (MFS®) and a portfolio manager of the firm's international small-cap portfolios. Peter joined MFS in 2000 as an equity research analyst. He was named portfolio manager in 2004. Prior to joining MFS he was an equity analyst with Fidelity Investments from 1993 to 1999. He is a graduate of Boston College.
Michael Grossman
Start Date
Tenure
Tenure Rank
Dec 31, 2013
8.42
8.4%
Michael Grossman was employed in the investment area of Massachusetts Financial Services Company since 2005.
Eric Braz
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Eric J. Braz, CFA - Investment Officer - Equity Portfolio Manager - Joined MFS in 2007; previous positions include Equity Research Analyst. - Previous experience includes 3 years as Consultant at Bates and White, LLC. - Additional MFS experience includes participation in MFS' Summer MBA Internship Program in 2006. - Affiliations include CFA Institute, CFA Society of Boston - University of Chicago, Master of Business Administration, Robert Toigo Foundation Fellow - Pennsylvania State University, BS
Sandeep Mehta
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Sandeep Mehta - Investment Officer - Equity Portfolio Manager - As an Equity Portfolio Manager responsible for final buy and sell decisions, portfolio construction, risk and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2008; previous positions include Research Analyst. - Previous experience includes 1 year as Equity Analyst at Henderson Global Investors; 2 years as Software Engineer at Etouch Systems; 3 years as Software Engineer at VeriSign Corp; 2 years as Associate Consultant at CITIL. - London Business School, Master of Business Administration - Institute of Technology BHU (India), Bachelor of Science
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 39.6 | 7.02 | 9.33 |
