MFS New Discovery Fund Class A (MNDAX)
| Fund Assets | 1.95B |
| Expense Ratio | 1.21% |
| Min. Investment | $1,000 |
| Turnover | 68.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 30.32 |
| YTD Return | 8.11% |
| 1-Year Return | 38.44% |
| 5-Year Return | -0.32% |
| 52-Week Low | 22.31 |
| 52-Week High | 30.61 |
| Beta (5Y) | 1.02 |
| Holdings | 109 |
| Inception Date | Jan 2, 1997 |
About MNDAX
MFS New Discovery Fund Class A is an actively managed mutual fund focused on capital appreciation through investments in small-cap growth companies. Managed by MFS Investment Management since its inception in 1997, the fund targets businesses with significant long-term growth potential, including those that are emerging, of high quality, or operating in out-of-favor industries. Its portfolio construction emphasizes diversification across different growth stock segments, seeking opportunities where company valuations are misaligned with their underlying fundamentals and growth prospects. The fund typically invests in a diverse mix of equity securities, such as common stocks and depositary receipts, predominantly within the U.S. small-cap growth universe. It benchmarks its performance against the Russell 2000 Growth Index, reflecting its commitment to providing exposure to dynamic, fast-growing smaller companies. With nearly $2 billion in net assets as of May 2025, the MFS New Discovery Fund Class A plays a notable role for investors seeking growth in the small-cap sector through a research-driven, disciplined investment approach.
Performance
MNDAX had a total return of 38.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.75%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FECGX | Fidelity | Fidelity Small Cap Growth Index Fund | 0.05% |
| FCIGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class I | 1.07% |
| FCPGX | Fidelity | Fidelity Small Cap Growth Fund | 1.05% |
| FCTGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class M | 1.58% |
| FCCGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class C | 2.08% |
Top 10 Holdings
23.08% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 5.02% |
| Advanced Energy Industries, Inc. | AEIS | 2.91% |
| Ligand Pharmaceuticals Incorporated | LGND | 2.28% |
| QXO, Inc. | QXO | 2.23% |
| Modine Manufacturing Company | MOD | 1.93% |
| nVent Electric plc | NVT | 1.87% |
| MACOM Technology Solutions Holdings, Inc. | MTSI | 1.85% |
| Bio-Techne Corporation | TECH | 1.82% |
| Littelfuse, Inc. | LFUS | 1.63% |
| Flowserve Corporation | FLS | 1.54% |