Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

MFS New Discovery Fund

mutual fund
MNDIX
Payout Change
Suspended
Price as of:
$31.78 -0.21 -0.66%
primary theme
U.S. Small-Cap Growth Equity
share class
R4 (MNDJX) C (MNDCX) B (MNDBX) I (MNDIX) R3 (MNDHX) A (MNDAX) R6 (MNDKX) R1 (MNDGX) R2 (MNDRX)
MNDIX (Mutual Fund)

MFS New Discovery Fund

Payout Change
Suspended
Price as of:
$31.78 -0.21 -0.66%
primary theme
U.S. Small-Cap Growth Equity
share class
R4 (MNDJX) C (MNDCX) B (MNDBX) I (MNDIX) R3 (MNDHX) A (MNDAX) R6 (MNDKX) R1 (MNDGX) R2 (MNDRX)
MNDIX (Mutual Fund)

MFS New Discovery Fund

Payout Change
Suspended
Price as of:
$31.78 -0.21 -0.66%
primary theme
U.S. Small-Cap Growth Equity
share class
R4 (MNDJX) C (MNDCX) B (MNDBX) I (MNDIX) R3 (MNDHX) A (MNDAX) R6 (MNDKX) R1 (MNDGX) R2 (MNDRX)

Name

As of 12/13/2024

Price

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

MFS New Discovery Fund

MNDIX | Fund

$31.78

$2.46 B

0.00%

1.05%

Vitals

YTD Return

11.0%

1 yr return

13.7%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

6.1%

Net Assets

$2.46 B

Holdings in Top 10

20.7%

52 WEEK LOW AND HIGH

$32.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

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 12/13/2024

Price

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

MFS New Discovery Fund

MNDIX | Fund

$31.78

$2.46 B

0.00%

1.05%

MNDIX - Profile

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    MFS New Discovery Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Mar 22, 2000
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael 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.

Read More

MNDIX - Performance

Return Ranking - Trailing

Period MNDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -60.4% 86.4% 91.30%
1 Yr 13.7% -57.4% 88.1% 90.56%
3 Yr -2.9%* -15.0% 63.0% 78.99%
5 Yr 6.1%* -10.4% 48.0% 88.85%
10 Yr 9.9%* -3.9% 25.6% 31.09%

* Annualized

Return Ranking - Calendar

Period MNDIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% -20.5% 54.6% 50.56%
2022 -29.7% -82.1% 32.2% 50.47%
2021 -15.7% -90.6% 300.1% 73.40%
2020 32.1% -63.0% 127.9% 40.51%
2019 31.6% -7.7% 42.9% 10.06%

Total Return Ranking - Trailing

Period MNDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -60.4% 86.4% 91.30%
1 Yr 13.7% -57.4% 88.1% 90.56%
3 Yr -2.9%* -15.0% 63.0% 78.99%
5 Yr 6.1%* -10.4% 48.0% 88.85%
10 Yr 9.9%* -3.9% 25.6% 31.09%

* Annualized

Total Return Ranking - Calendar

Period MNDIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% -19.0% 136.8% 64.31%
2022 -29.6% -59.9% 44.3% 63.60%
2021 1.5% -22.7% 411.9% 83.21%
2020 45.0% 1.5% 150.8% 33.27%
2019 41.1% 5.5% 55.3% 3.02%

NAV & Total Return History

MNDIX - Holdings

Concentration Analysis

MNDIX Category Low Category High MNDIX % Rank
Net Assets 2.46 B 209 K 34.3 B 24.26%
Number of Holdings 109 7 1226 39.63%
Net Assets in Top 10 485 M 53.8 K 3.02 B 30.00%
Weighting of Top 10 20.69% 7.5% 100.0% 58.44%

Top 10 Holdings

  1. MFS Institutional Money Market Portfolio 3.12%
  2. Summit Materials Inc 2.25%
  3. Crane Co 2.10%
  4. CACI International Inc 2.10%
  5. US Foods Holding Corp 2.06%
  6. RB Global Inc 1.93%
  7. GFL Environmental Inc 1.86%
  8. TopBuild Corp 1.83%
  9. TechnipFMC PLC 1.78%
  10. nVent Electric PLC 1.65%

Asset Allocation

Weighting Return Low Return High MNDIX % Rank
Stocks 		96.82% 92.05% 107.62% 74.63%
Cash 		3.42% 0.00% 28.78% 29.63%
Preferred Stocks 		0.00% 0.00% 4.59% 23.89%
Other 		0.00% -0.26% 6.70% 40.93%
Convertible Bonds 		0.00% 0.00% 1.57% 13.70%
Bonds 		0.00% 0.00% 2.40% 15.56%

Stock Sector Breakdown

Weighting Return Low Return High MNDIX % Rank
Technology 		32.62% 2.91% 75.51% 12.22%
Healthcare 		16.14% 0.00% 47.90% 78.52%
Industrials 		13.09% 0.00% 36.64% 82.41%
Consumer Cyclical 		12.60% 0.00% 24.04% 44.44%
Financial Services 		9.84% 0.00% 42.95% 23.33%
Basic Materials 		5.49% 0.00% 9.24% 7.78%
Communication Services 		4.09% 0.00% 15.31% 19.63%
Real Estate 		3.24% 0.00% 15.31% 32.41%
Consumer Defense 		1.83% 0.00% 13.56% 84.63%
Energy 		1.06% 0.00% 55.49% 69.07%
Utilities 		0.00% 0.00% 5.57% 42.04%

Stock Geographic Breakdown

Weighting Return Low Return High MNDIX % Rank
US 		94.05% 17.30% 107.62% 87.96%
Non US 		2.76% 0.00% 77.12% 9.44%

MNDIX - Expenses

Operational Fees

MNDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.05% 23.20% 64.56%
Management Fee 0.84% 0.05% 1.62% 62.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

MNDIX 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

MNDIX 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.

MNDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 3.00% 264.00% 64.27%

MNDIX - Distributions

Dividend Yield Analysis

MNDIX Category Low Category High MNDIX % Rank
Dividend Yield 0.00% 0.00% 6.91% 29.07%

Dividend Distribution Analysis

MNDIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

MNDIX Category Low Category High MNDIX % Rank
Net Income Ratio -0.37% -2.47% 1.10% 19.48%

Capital Gain Distribution Analysis

MNDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MNDIX - 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

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×