MFS New Discovery Value I (NDVIX)

Fund Assets	2.29B
Expense Ratio	0.97%
Min. Investment	$0.00
Turnover	47.00%
Dividend (ttm)	0.21
Dividend Yield	1.12%
Dividend Growth	-27.56%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 31, 2026

Previous Close	18.72
YTD Return	15.70%
1-Year Return	15.06%
5-Year Return	35.69%
52-Week Low	16.56
52-Week High	19.45
Beta (5Y)	1.35
Holdings	143
Inception Date	May 26, 2011

About NDVIX

MFS New Discovery Value Fund Class I is an actively managed mutual fund that seeks capital appreciation by investing primarily in U.S. small-cap companies identified as undervalued relative to their intrinsic worth. The fund leverages a bottom-up, fundamental research process to select equities with resilient business models, above-average returns, and strong balance sheets, while also considering opportunistic investments with potential for improvement or where market expectations are low. Diversification across industries and sectors is a core element, though significant allocation to particular sectors may occur when investment conviction is high. The fund’s benchmark is the Russell 2000 Value Index, reflecting its focus on small-cap value stocks. Managed with attention to cost efficiency, the fund is positioned in the second-cheapest fee quintile among peers and provides institutional share class access without a sales charge. Since its inception in 2011, the fund has built substantial assets and aims to offer a disciplined approach to long-term growth within the small-cap value segment of the U.S. equity market.

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

Performance

NDVIX had a total return of 15.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.67%.

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%
NDVUX	R4	0.97%
NDVAX	A	1.22%
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	$1.21241	Dec 10, 2025
Jul 31, 2025	$0.59575	Aug 1, 2025
Dec 10, 2024	$1.07932	Dec 11, 2024
Jul 31, 2024	$0.11716	Aug 1, 2024
Dec 12, 2023	$0.81508	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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