MFS New Discovery Value Fund Class A (NDVAX)

Fund Assets	2.29B
Expense Ratio	1.22%
Min. Investment	$1,000
Turnover	47.00%
Dividend (ttm)	0.17
Dividend Yield	0.94%
Dividend Growth	-28.89%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 31, 2026

Previous Close	18.45
YTD Return	15.52%
1-Year Return	14.84%
5-Year Return	34.08%
52-Week Low	16.35
52-Week High	19.19
Beta (5Y)	0.88
Holdings	143
Inception Date	May 26, 2011

About NDVAX

MFS New Discovery Value Fund Class A is a mutual fund focused on achieving capital appreciation by investing primarily in small-cap U.S. companies considered undervalued relative to their perceived worth. The fund takes an active management approach, targeting businesses with strong balance sheets, resilient business models, and prudent capital deployment, as well as opportunistic investments in companies with potential for improvement or those overlooked by the market. Its investment strategy emphasizes identifying value among small-cap equities, aiming to combine high-quality holdings with select names showing further upside potential. The fund benchmarks its performance against the Russell 2000 Value Index, which is recognized for tracking U.S. small-cap value stocks. With a diverse portfolio spanning sectors such as financial services, utilities, and technology, the fund plays a significant role in the market by providing investors with targeted exposure to small-cap value opportunities. Established in 2011, MFS New Discovery Value Fund Class A has grown to manage several billion dollars in assets, underlining its presence within the small-cap value segment of the mutual fund landscape.

• Fund Family: MFS
• Category: Small Value
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: NDVAX
• Share Class: A
• Index: Russell 2000 Value TR

Performance

NDVAX had a total return of 14.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.59%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FISVX	Fidelity	Fidelity Small Cap Value Index Fund	0.05%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NDVVX	R6	0.87%
NDVIX	I	0.97%
NDVUX	R4	0.97%
NDVTX	R3	1.22%

Top 10 Holdings

12.30% of assets

Name	Symbol	Weight
Plains GP Holdings, L.P.	PAGP	1.31%
Cathay General Bancorp	CATY	1.30%
Prosperity Bancshares, Inc.	PB	1.28%
United Community Banks, Inc.	UCB	1.25%
Hancock Whitney Corporation	HWC	1.22%
Columbia Banking System, Inc.	COLB	1.22%
First Interstate BancSystem, Inc.	FIBK	1.21%
The Chefs' Warehouse, Inc.	CHEF	1.19%
First Hawaiian, Inc.	FHB	1.16%
CVB Financial Corp.	CVBF	1.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.63986	Aug 3, 2026
Dec 9, 2025	$1.17537	Dec 10, 2025
Jul 31, 2025	$0.58894	Aug 1, 2025
Dec 10, 2024	$1.0395	Dec 11, 2024
Jul 31, 2024	$0.10991	Aug 1, 2024
Dec 12, 2023	$0.78023	Dec 13, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 8, 2026

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