About MIDHX
The MFS International New Discovery Fund Class R3 is an international equity mutual fund designed to pursue capital appreciation by investing primarily in small- and mid-cap companies outside the United States. The fund targets foreign equity securities, including those from emerging markets, focusing on businesses with strong fundamentals, durable competitive advantages, and the potential for above-average, long-term growth. Emphasizing high-quality management teams and growth prospects, the fund seeks to identify companies that can compound value over extended periods. It benchmarks its performance against the MSCI All Country World (ex-US) Small Mid Cap Index, offering exposure to a broad and diversified set of non-U.S. industries and regions. Notably, Class R3 shares feature no front-end sales charge and a modest Rule 12b-1 fee, making them accessible to eligible retirement and institutional investors. Launched in 1997, the fund is managed by MFS, a firm with a substantial presence in global asset management, and plays a distinct role for investors looking to diversify equity holdings internationally with a focus on smaller, growth-oriented companies.
Fund Family MFS
Category Foreign Small/Mid Growth
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol MIDHX
Share Class R3
Index MSCI All Country World Ex-US Small Mid Cap NR
MIDHX had a total return of 17.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.94%.
