MFS New Discovery Fund Class B (MNDBX)
| Fund Assets | 2.12B |
| Expense Ratio | 1.96% |
| 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 | 17.21 |
| YTD Return | 3.20% |
| 1-Year Return | 14.78% |
| 5-Year Return | -4.13% |
| 52-Week Low | 14.37 |
| 52-Week High | 18.07 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Nov 3, 1997 |
About MNDBX
MFS New Discovery Fund Class B is a mutual fund that focuses on investing in small-cap growth companies with significant long-term potential. The fund seeks capital appreciation by targeting emerging businesses that may evolve into major enterprises, particularly when their valuations are misaligned with fundamental strengths and growth prospects. Its investment approach emphasizes diversification across three types of growth stocks: emerging firms, high-quality durable companies, and businesses operating in out-of-favor industries. Managed by MFS Investment Management since 1997, the fund aims to uncover opportunities within the small-cap segment, using the Russell 2000 Growth Index as its benchmark. By concentrating primarily in equity securities, the fund provides exposure to the dynamic sector of small-cap growth, offering investors a potential avenue for portfolio expansion and participation in innovative market segments.
Performance
MNDBX had a total return of 14.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.19%.
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% |