MFS New Discovery Value Fund Class B (NDVBX)

Fund Assets	2.05B
Expense Ratio	2.021%
Min. Investment	$1,000
Turnover	47.00%
Dividend (ttm)	0.03
Dividend Yield	0.22%
Dividend Growth	-63.42%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 31, 2026

Previous Close	15.76
YTD Return	5.59%
1-Year Return	7.86%
5-Year Return	18.21%
52-Week Low	15.05
52-Week High	17.63
Beta (5Y)	1.35
Holdings	145
Inception Date	May 26, 2011

About NDVBX

MFS New Discovery Value Fund Class B is a mutual fund focused on delivering capital appreciation by investing primarily in small-cap companies within the United States. The fund targets businesses with attractive valuations, aiming to identify firms that demonstrate high-quality characteristics such as resilient business models, strong balance sheets, prudent capital management, and above-average returns. Its strategy encompasses a blend of established small-cap companies with steady performance and opportunistic investments in companies with improvement potential or low market expectations. The fund is benchmarked against the Russell 2000 Value Index, reflecting its orientation toward the small-cap value segment of the equity market. With a diversified portfolio touching various sectors—including a notable presence in financial services and utilities—the fund plays a significant role for investors seeking exposure to the long-term growth prospects of U.S. small-cap value equities. Established in 2011, it manages multi-billion dollar assets and maintains an active approach to uncovering new value opportunities in the broader market landscape.

• Fund Family: MFS
• Category: Small Value
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: NDVBX
• Share Class: B
• Index: Russell 2000 Value TR

Performance

NDVBX had a total return of 7.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.96%.

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%
NDVAX	A	1.22%

Top 10 Holdings

12.01% of assets

Name	Symbol	Weight
Plains GP Holdings, L.P.	PAGP	1.40%
Cathay General Bancorp	CATY	1.26%
United Community Banks, Inc.	UCB	1.24%
Prosperity Bancshares, Inc.	PB	1.23%
Hancock Whitney Corporation	HWC	1.19%
First Interstate BancSystem, Inc.	FIBK	1.18%
Columbia Banking System, Inc.	COLB	1.16%
CVB Financial Corp.	CVBF	1.15%
M/I Homes, Inc.	MHO	1.12%
Popular, Inc.	BPOP	1.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.63986	Aug 3, 2026
Dec 9, 2025	$1.03644	Dec 10, 2025
Jul 31, 2025	$0.57354	Aug 1, 2025
Dec 10, 2024	$0.90566	Dec 11, 2024
Jul 31, 2024	$0.08275	Aug 1, 2024
Dec 12, 2023	$0.67265	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:

Oct 16, 2026

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