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 | 32.85 |
| YTD Return | 4.95% |
| 1-Year Return | 3.65% |
| 5-Year Return | 22.87% |
| 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 3.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.46%.
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 M | 1.58% |
| FCCGX | Fidelity | Fidelity Small Cap Growth Fund | 2.08% |
Top 10 Holdings
20.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 4.46% |
| nVent Electric plc | NVT | 1.95% |
| Crane Company | CR | 1.84% |
| US Foods Holding Corp. | USFD | 1.77% |
| Knife River Corporation | KNF | 1.76% |
| Flowserve Corporation | FLS | 1.74% |
| Genius Sports Limited | GENI | 1.69% |
| RB Global, Inc. | RBA | 1.65% |
| Wingstop Inc. | WING | 1.64% |
| StepStone Group Inc. | STEP | 1.63% |