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MFS New Discovery Fund
mutual fund
MNDRX
Payout Change
Suspended
Price as of:
$22.98
-0.13
-0.56%
primary theme
U.S. Small-Cap Growth Equity
MNDRX (Mutual Fund)
MFS New Discovery Fund
Payout Change
Suspended
Price as of:
$22.98
-0.13
-0.56%
primary theme
U.S. Small-Cap Growth Equity
MNDRX (Mutual Fund)
MFS New Discovery Fund
Payout Change
Suspended
Price as of:
$22.98
-0.13
-0.56%
primary theme
U.S. Small-Cap Growth Equity
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
12.3%
1 yr return
20.1%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
6.0%
Net Assets
$2.46 B
Holdings in Top 10
20.7%
52 WEEK LOW AND HIGH
$23.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.00%
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
MNDRX - Profile
Distributions
- YTD Total Return 12.3%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.89%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS New Discovery Fund
-
Fund Family NameMFS Funds
-
Inception DateOct 31, 2003
-
Shares OutstandingN/A
-
Share ClassR2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Grossman
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests the fund’s assets primarily in equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.
MFS focuses on investing the fund’s assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth 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 capitalizations.
MFS may invest the fund’s assets in foreign securities.
MFS normally invests the fund’s assets across different industries and sectors, but MFS may invest a significant percentage of the fund’s assets in issuers in a single industry or sector.
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.
MNDRX - Performance
Return Ranking - Trailing
| Period | MNDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.3% | 2.0% | 88.6% | 91.30% |
| 1 Yr | 20.1% | 7.4% | 90.1% | 89.63% |
| 3 Yr | -3.2%* | -13.9% | 63.4% | 84.80% |
| 5 Yr | 6.0%* | -2.4% | 48.3% | 74.17% |
| 10 Yr | 10.3%* | 2.2% | 25.7% | 55.18% |
* Annualized
Return Ranking - Calendar
| Period | MNDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.7% | -20.5% | 54.6% | 57.06% |
| 2022 | -30.1% | -82.1% | 32.2% | 53.10% |
| 2021 | -21.2% | -90.6% | 300.1% | 86.98% |
| 2020 | 28.0% | -63.0% | 127.9% | 51.27% |
| 2019 | 28.8% | -7.7% | 42.9% | 21.33% |
Total Return Ranking - Trailing
| Period | MNDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.3% | 2.0% | 88.6% | 91.30% |
| 1 Yr | 20.1% | 7.4% | 90.1% | 89.63% |
| 3 Yr | -3.2%* | -13.9% | 63.4% | 84.80% |
| 5 Yr | 6.0%* | -2.4% | 48.3% | 74.17% |
| 10 Yr | 10.3%* | 2.2% | 25.7% | 55.18% |
* Annualized
Total Return Ranking - Calendar
| Period | MNDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.7% | -19.0% | 136.8% | 71.19% |
| 2022 | -30.0% | -59.9% | 44.3% | 65.10% |
| 2021 | 1.0% | -22.7% | 411.9% | 85.66% |
| 2020 | 44.3% | 1.5% | 150.8% | 34.25% |
| 2019 | 40.4% | 5.5% | 55.3% | 5.03% |
NAV & Total Return History
MNDRX - Holdings
Concentration Analysis
| MNDRX | Category Low | Category High | MNDRX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.46 B | 209 K | 34.3 B | 25.00% |
| Number of Holdings | 109 | 7 | 1226 | 40.74% |
| Net Assets in Top 10 | 485 M | 53.8 K | 3.02 B | 30.74% |
| Weighting of Top 10 | 20.69% | 7.5% | 100.0% | 59.18% |
Top 10 Holdings
- MFS Institutional Money Market Portfolio 3.12%
- Summit Materials Inc 2.25%
- Crane Co 2.10%
- CACI International Inc 2.10%
- US Foods Holding Corp 2.06%
- RB Global Inc 1.93%
- GFL Environmental Inc 1.86%
- TopBuild Corp 1.83%
- TechnipFMC PLC 1.78%
- nVent Electric PLC 1.65%
Asset Allocation
| Weighting | Return Low | Return High | MNDRX % Rank | |
|---|---|---|---|---|
| Stocks | 96.82% | 92.05% | 107.62% | 75.37% |
| Cash | 3.42% | 0.00% | 28.78% | 30.37% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 79.63% |
| Other | 0.00% | -0.26% | 6.70% | 80.37% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 77.41% |
| Bonds | 0.00% | 0.00% | 2.40% | 77.96% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MNDRX % Rank | |
|---|---|---|---|---|
| Technology | 32.62% | 2.91% | 75.51% | 12.96% |
| Healthcare | 16.14% | 0.00% | 47.90% | 79.26% |
| Industrials | 13.09% | 0.00% | 36.64% | 83.15% |
| Consumer Cyclical | 12.60% | 0.00% | 24.04% | 45.19% |
| Financial Services | 9.84% | 0.00% | 42.95% | 24.07% |
| Basic Materials | 5.49% | 0.00% | 9.24% | 8.52% |
| Communication Services | 4.09% | 0.00% | 15.31% | 20.37% |
| Real Estate | 3.24% | 0.00% | 15.31% | 33.15% |
| Consumer Defense | 1.83% | 0.00% | 13.56% | 85.37% |
| Energy | 1.06% | 0.00% | 55.49% | 69.81% |
| Utilities | 0.00% | 0.00% | 5.57% | 84.44% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MNDRX % Rank | |
|---|---|---|---|---|
| US | 94.05% | 17.30% | 107.62% | 88.70% |
| Non US | 2.76% | 0.00% | 77.12% | 10.19% |
MNDRX - Expenses
Operational Fees
| MNDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.55% | 0.05% | 23.20% | 24.86% |
| Management Fee | 0.84% | 0.05% | 1.62% | 64.19% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 75.93% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| MNDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MNDRX 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.
| MNDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 71.00% | 3.00% | 264.00% | 66.38% |
MNDRX - Distributions
Dividend Yield Analysis
| MNDRX | Category Low | Category High | MNDRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 83.33% |
Dividend Distribution Analysis
| MNDRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MNDRX | Category Low | Category High | MNDRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.89% | -2.47% | 1.10% | 66.29% |
Capital Gain Distribution Analysis
| MNDRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 06, 2022 | $0.023 | CapitalGainShortTerm |
| Dec 07, 2021 | $3.291 | CapitalGainShortTerm |
| Dec 07, 2021 | $4.105 | CapitalGainLongTerm |
| Dec 08, 2020 | $1.624 | CapitalGainShortTerm |
| Dec 08, 2020 | $2.270 | CapitalGainLongTerm |
| Dec 10, 2019 | $0.756 | CapitalGainShortTerm |
| Dec 10, 2019 | $1.486 | CapitalGainLongTerm |
| Dec 11, 2018 | $1.893 | CapitalGainShortTerm |
| Dec 11, 2018 | $3.722 | CapitalGainLongTerm |
| Dec 12, 2017 | $0.849 | CapitalGainShortTerm |
| Dec 12, 2017 | $1.960 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.584 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.692 | CapitalGainShortTerm |
| Dec 12, 2014 | $1.127 | CapitalGainLongTerm |
| Dec 11, 2013 | $1.266 | CapitalGainShortTerm |
| Dec 11, 2013 | $1.183 | CapitalGainLongTerm |
| Dec 09, 2011 | $3.501 | CapitalGainShortTerm |
| Dec 09, 2011 | $0.595 | CapitalGainLongTerm |
| Dec 10, 2010 | $0.901 | CapitalGainShortTerm |
| Dec 10, 2010 | $0.509 | CapitalGainLongTerm |
| Dec 12, 2007 | $0.659 | CapitalGainLongTerm |
| Dec 18, 2003 | $0.032 | CapitalGainShortTerm |
| Dec 18, 2003 | $0.067 | CapitalGainLongTerm |
| Dec 18, 2003 | $0.033 | OrdinaryDividend |
MNDRX - Fund Manager Analysis
Managers
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
