MFS New Discovery Fund Class R2 (MNDRX)
| Fund Assets | 2.12B |
| Expense Ratio | 1.46% |
| 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 | 25.49 |
| YTD Return | 4.16% |
| 1-Year Return | 16.17% |
| 5-Year Return | -0.63% |
| 52-Week Low | 21.01 |
| 52-Week High | 26.54 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Oct 31, 2003 |
About MNDRX
MFS New Discovery Fund Class R2 is a mutual fund designed to seek capital appreciation through a focus on U.S. small-cap growth companies. The fund employs a distinct portfolio construction strategy, diversifying across three categories of growth stocks: emerging businesses, high-quality durable enterprises, and companies within industries currently out of favor. Its objective is to invest in smaller companies with significant growth potential—specifically, those poised to become major enterprises or where market valuations do not fully reflect their underlying fundamentals and future prospects. The fund’s benchmark is the Russell 2000 Growth Index, which tracks the performance of U.S. small-cap growth stocks. Established in 1997 and with Class R2 shares introduced in 2003, this fund is notable for its consistent focus on identifying investment opportunities across varied market environments, providing exposure to the dynamic small-cap segment that can drive innovation and growth in the broader financial markets.
Performance
MNDRX had a total return of 16.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.80%.
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% |