MFS New Discovery R3 (MNDHX)
| Fund Assets | 2.08B |
| Expense Ratio | 1.28% |
| Min. Investment | $0.00 |
| Turnover | 56.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 27.21 |
| YTD Return | 8.17% |
| 1-Year Return | 12.71% |
| 5-Year Return | 21.06% |
| 52-Week Low | 20.14 |
| 52-Week High | 27.21 |
| Beta (5Y) | n/a |
| Holdings | 109 |
| Inception Date | Apr 1, 2005 |
About MNDHX
The MFS New Discovery Fund Class R3 is a mutual fund that primarily targets capital appreciation by investing in small-cap companies across the U.S. equity market. Its investment strategy emphasizes identifying smaller firms with significant growth potential, maintaining a consistent focus on this segment regardless of economic conditions. The fund adopts a differentiated portfolio construction approach, allocating assets among three types of growth stocks: emerging growth companies, established high-quality durable businesses, and firms within industries currently out of favor with the market. This diversification aims to balance risk and capture a broad spectrum of growth opportunities. The MFS New Discovery Fund Class R3 is benchmarked against the Russell 2000 Growth Index, reflecting its orientation toward small-cap growth equities. The fund is designed for eligible investors and features no front-end sales charge. Its net expense ratio is managed through contractual fee waivers that are set to continue through at least the end of 2025. With substantial assets under management, the fund plays a significant role in providing access to small-company growth potential within diversified investment portfolios.
Performance
MNDHX had a total return of 12.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.66%.
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 | 0.05% |
| FCIGX | Fidelity | Fidelity Advisor Small Cap Growth I | 1.07% |
| FCPGX | Fidelity | Fidelity Small Cap Growth | 1.05% |
| FCTGX | Fidelity | Fidelity Advisor Small Cap Growth M | 1.58% |
| FCCGX | Fidelity | Fidelity Small Cap Growth Fund | 2.08% |
Top 10 Holdings
20.57% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 4.81% |
| Flowserve Corporation | FLS | 2.32% |
| StepStone Group Inc. | STEP | 1.84% |
| nVent Electric plc | NVT | 1.79% |
| Knife River Corporation | KNF | 1.68% |
| Crane Company | CR | 1.66% |
| QXO, Inc. | QXO | 1.63% |
| Genius Sports Limited | GENI | 1.63% |
| Advanced Energy Industries, Inc. | AEIS | 1.62% |
| Pegasystems Inc. | PEGA | 1.58% |