MFS New Discovery Fund Class R4 (MNDJX)
| 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 | 34.05 |
| YTD Return | 8.18% |
| 1-Year Return | 41.94% |
| 5-Year Return | 1.82% |
| 52-Week Low | 24.49 |
| 52-Week High | 34.39 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Apr 1, 2005 |
About MNDJX
The MFS New Discovery Fund is a mutual fund designed to achieve capital appreciation by investing primarily in equity securities of small-cap growth companies. Its investment strategy focuses on identifying companies with significant growth potential across various market environments. The fund diversifies its portfolio across emerging, high-quality durable, and out-of-favor industry companies, aiming to capitalize on misaligned valuations and growth potential. It is benchmarked against the Russell 2000 Growth Index, which measures U.S. small-cap growth stocks. This fund plays a crucial role in the financial market by providing investors with exposure to small-cap growth opportunities, which can be volatile but offer potential for substantial returns over the long term.
Performance
MNDJX had a total return of 41.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.24%.
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% |