MFS New Discovery Fund Class I (MNDIX)
| Fund Assets | 1.95B |
| Expense Ratio | 0.96% |
| Min. Investment | $0.00 |
| 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 | 37.16 |
| YTD Return | 8.20% |
| 1-Year Return | 41.91% |
| 5-Year Return | 1.81% |
| 52-Week Low | 26.72 |
| 52-Week High | 37.52 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Jan 2, 1997 |
About MNDIX
MFS New Discovery Fund Class I is an actively managed mutual fund focused on capital appreciation by investing primarily in equity securities. The fund targets small-cap growth companies that demonstrate significant potential to expand and evolve into major enterprises. Its investment approach emphasizes diversification among three categories of growth stocks: emerging businesses, high-quality durable companies, and firms operating in out-of-favor industries. The portfolio construction seeks to capture growth opportunities when market valuations are perceived as misaligned with underlying fundamentals and future growth prospects. Benchmarked against the Russell 2000 Growth Index, the fund provides investors with exposure to dynamic segments of the U.S. small-cap market. Since its inception in 1997, MFS New Discovery Fund Class I has played a distinct role in the financial market by offering access to innovative and fast-growing companies, contributing to overall diversification and growth potential within a broader investment portfolio.
Performance
MNDIX had a total return of 41.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.07%.
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% |