About GLNNX
The MFS Global New Discovery Fund Class R5 is an actively managed mutual fund with a primary focus on capital appreciation through investments in small- and mid-sized companies across global markets. Managed by a team of experienced portfolio managers, the fund seeks to uncover companies worldwide that demonstrate consistent earnings growth and high returns on capital, while applying disciplined valuation criteria. The portfolio is diversified across various industries and geographies, with significant allocations to North America, Europe, and select emerging markets. The fund's top holdings span sectors such as industrials, materials, consumer discretionary, and healthcare, reflecting its broad approach to capturing growth opportunities in the global small- and mid-cap space. Benchmarked against the MSCI All Country World Small Mid Cap Index, the fund maintains a moderate concentration in its largest positions, with its top ten holdings comprising just under 20% of total assets. This strategy is designed to provide exposure to the growth potential of lesser-known, innovative companies globally, making the fund a relevant choice for investors aiming to diversify beyond large, established firms.
Fund Family MFS
Category World Small/Mid Stock
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol GLNNX
Share Class R6
Index MSCI AC World SMID Cap ND
GLNNX had a total return of 8.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.50%.
