MFS New Discovery Fund Class C (MNDCX)
| Fund Assets | 2.09B |
| 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 | 16.28 |
| YTD Return | -1.26% |
| 1-Year Return | 18.71% |
| 5-Year Return | -10.39% |
| 52-Week Low | 12.07 |
| 52-Week High | 18.08 |
| Beta (5Y) | n/a |
| Holdings | 114 |
| Inception Date | Nov 3, 1997 |
About MNDCX
MFS New Discovery Fund Class C is a mutual fund focused on achieving capital appreciation by investing primarily in equity securities of small-cap companies. The fund seeks to identify businesses with significant growth potential, often targeting emerging firms that have the opportunity to develop into major enterprises. Its portfolio construction emphasizes diversification across three types of growth stocks: emerging growth companies, high-quality durable businesses, and those operating in out-of-favor industries. This strategy is designed to harness growth opportunities regardless of prevailing market conditions. Managed since its inception in 1997, the fund uses the Russell 2000 Growth Index as its primary performance benchmark, highlighting its dedication to the U.S. small-cap growth sector. MFS New Discovery Fund Class C plays a distinct role in the financial market by providing investors with access to the dynamic and higher-growth segment of smaller companies, which often drive innovation and long-term economic development.
Performance
MNDCX had a total return of 18.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.69%.
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
20.14% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 3.28% |
| Advanced Energy Industries, Inc. | AEIS | 2.46% |
| Ligand Pharmaceuticals Incorporated | LGND | 2.20% |
| QXO, Inc. | QXO | 2.06% |
| Bio-Techne Corporation | TECH | 1.97% |
| MACOM Technology Solutions Holdings, Inc. | MTSI | 1.77% |
| nVent Electric plc | NVT | 1.77% |
| Modine Manufacturing Company | MOD | 1.67% |
| Hamilton Lane Incorporated | HLNE | 1.49% |
| Littelfuse, Inc. | LFUS | 1.49% |