MFS New Discovery Value R1 (NDVRX)

Fund Assets	2.05B
Expense Ratio	2.021%
Min. Investment	$0.00
Turnover	47.00%
Dividend (ttm)	0.08
Dividend Yield	0.55%
Dividend Growth	-27.50%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 31, 2026

Previous Close	15.63
YTD Return	5.57%
1-Year Return	7.85%
5-Year Return	18.27%
52-Week Low	14.93
52-Week High	17.48
Beta (5Y)	1.35
Holdings	145
Inception Date	May 26, 2011

About NDVRX

The MFS New Discovery Value Fund R1 is a mutual fund designed to pursue long-term capital appreciation by investing primarily in small-cap U.S. companies that are considered undervalued relative to their intrinsic worth. Managed with an active investment approach since its launch in 2011, the fund targets businesses that display strong fundamentals but are temporarily out of favor or trading at attractive valuations. Its strategy emphasizes diversification across sectors such as technology, utilities, financial services, energy, and real estate, with holdings including companies like ACI Worldwide, Portland General Electric, and Pacific Premier Bancorp. The fund is known for its disciplined research process and its focus on high-quality, resilient business models within the small value segment of the equity market. By capturing opportunities in this often-overlooked sector, MFS New Discovery Value Fund R1 aims to provide investors with access to the growth potential and diversification benefits of smaller, value-oriented companies.

• Fund Family: MFS
• Category: Small Value
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: NDVRX
• Share Class: R1
• Index: Russell 2000 Value TR

Performance

NDVRX had a total return of 7.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.91%.

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	$1.08636	Dec 10, 2025
Jul 31, 2025	$0.57354	Aug 1, 2025
Dec 10, 2024	$0.92743	Dec 11, 2024
Jul 31, 2024	$0.08703	Aug 1, 2024
Dec 12, 2023	$0.68703	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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