MFS New Discovery Fund Class R6 (MNDKX)
Fund Assets | 2.00B |
Expense Ratio | 0.90% |
Min. Investment | $0.00 |
Turnover | 56.00% |
Dividend (ttm) | n/a |
Dividend Yield | n/a |
Dividend Growth | n/a |
Payout Frequency | n/a |
Ex-Dividend Date | n/a |
Previous Close | 31.90 |
YTD Return | 0.77% |
1-Year Return | 6.16% |
5-Year Return | 22.93% |
52-Week Low | 25.27 |
52-Week High | 33.81 |
Beta (5Y) | n/a |
Holdings | 113 |
Inception Date | Jun 1, 2012 |
About MNDKX
MFS New Discovery Fund Class R6 is an actively managed mutual fund focused on the U.S. small-cap growth equity segment. The fund seeks capital appreciation by investing primarily in companies with smaller market capitalizations that demonstrate significant growth potential. Its portfolio construction is driven by a differentiated approach, diversifying across three categories of growth stocks: emerging businesses, high-quality durable enterprises, and companies in industries that may be temporarily out of favor. While it emphasizes small-cap stocks, the fund may also allocate assets globally and invest across various sectors as opportunities arise. Fundamental, bottom-up analysis guides security selection, aiming to identify firms where valuations are misaligned with long-term growth prospects. The fund has a long-standing history, with its R6 share class designed for institutional investors and retirement plans, offering expense efficiencies and no sales charges. MFS New Discovery Fund Class R6 plays a key role in providing small-cap growth exposure within diversified investment portfolios, and its benchmark is the Russell 2000 Growth Index, reflecting its focus on U.S. small-cap growth companies.
Performance
MNDKX had a total return of 6.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.17%.
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
20.59% of assetsName | Symbol | Weight |
---|---|---|
Currency Cash CASH_USD | n/a | 4.33% |
CACI International Inc | CACI | 2.21% |
Crane Company | CR | 1.99% |
Genius Sports Limited | GENI | 1.92% |
US Foods Holding Corp. | USFD | 1.81% |
RB Global, Inc. | RBA | 1.80% |
SentinelOne, Inc. | S | 1.74% |
Flowserve Corporation | FLS | 1.63% |
nVent Electric plc | NVT | 1.61% |
Knife River Corporation | KNF | 1.55% |