MFS International New Discovery Fund Class A (MIDAX)
| Fund Assets | 6.28B |
| Expense Ratio | 1.30% |
| Min. Investment | $1,000 |
| Turnover | 15.00% |
| Dividend (ttm) | 2.21 |
| Dividend Yield | 6.36% |
| Dividend Growth | 82.73% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 10, 2024 |
| Previous Close | 32.81 |
| YTD Return | 14.10% |
| 1-Year Return | 9.80% |
| 5-Year Return | 32.11% |
| 52-Week Low | 27.03 |
| 52-Week High | 34.25 |
| Beta (5Y) | n/a |
| Holdings | 351 |
| Inception Date | Oct 9, 1997 |
About MIDAX
The MFS International New Discovery Fund Class A is a mutual fund focused on seeking capital appreciation through investments in small- and mid-cap companies located outside the United States. Its primary objective is to identify international growth opportunities by targeting firms with strong fundamentals, durable competitive advantages, and robust management teams. The fund’s diversified portfolio spans both developed and emerging markets, with allocations across sectors such as technology, healthcare, consumer defensive, and basic materials. Emphasis is placed on companies capable of compounding growth at above-average rates over a long-term horizon. Benchmarking itself against the MSCI All Country World (ex-US) Small Mid Cap Index, the fund offers investors exposure to foreign equities that may not be widely represented in traditional large-cap portfolios. Established in 1997, it carries a front-end sales charge and requires a minimum initial investment, making it suitable for investors seeking diversified international equity exposure with a focus on smaller, high-quality companies. The fund has garnered recognition for its disciplined investment approach and its role in providing access to international small- and mid-cap growth segments of the global market.
Performance
MIDAX had a total return of 9.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.10%.
Top 10 Holdings
13.87% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 3.45% |
| Dollarama Inc. | DOL | 1.68% |
| OBIC Co.,Ltd. | 4684 | 1.52% |
| Symrise AG | SY1 | 1.32% |
| Agnico Eagle Mines Limited | AEM | 1.22% |
| NS Solutions Corporation | 2327 | 0.98% |
| Breedon Group plc | BREE | 0.96% |
| Cellnex Telecom, S.A. | CLNX | 0.95% |
| GEA Group Aktiengesellschaft | G1A | 0.93% |
| Cranswick plc | CWK | 0.85% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 10, 2024 | $2.20511 | Dec 11, 2024 |
| Dec 19, 2023 | $1.20673 | Dec 20, 2023 |
| Dec 6, 2022 | $1.57917 | Dec 7, 2022 |
| Dec 7, 2021 | $1.81048 | Dec 8, 2021 |
| Dec 8, 2020 | $1.39429 | Dec 9, 2020 |
| Dec 10, 2019 | $0.87239 | Dec 10, 2019 |