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MIDAX MFS® International New Discovery A

  • Fund
  • MIDAX
  • Price as of: Jun 20, 2018
  • $35.42
  • + $0.10
  • + 0.28%
  • Category
  • Foreign Small & Mid Cap Growth Equities

MIDAX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 6.6%
  • 5 Yr Annualized Return 7.3%
  • Net Assets $6.47 B
  • Holdings in Top 10 14.7%

52 WEEK LOW AND HIGH

$35.42
$31.49
$36.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.33%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Foreign Small & Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Small/Mid Growth

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.68%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name MFS® International New Discovery Fund
  • Fund Family Name MFS
  • Inception Date Oct 09, 1997
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Robert W. Lau

Fund Description

The fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. The fund may invest a significant percentage of the fund's assets in issuers in a single industry, sector, country, or region.

MIDAX - Performance

Return Ranking - Trailing

Period MIDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -17.6% 25.0% 37.30% 2
1 Yr 11.2% -17.2% 37.3% 56.67% 3
3 Yr 6.6% * -3.7% 13.6% 53.39% 3
5 Yr 7.3% * -3.2% 16.0% 43.48% 3
10 Yr 4.5% * -2.7% 8.7% 35.90% 2

* Annualized


Return Ranking - Calendar

Period MIDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 28.5% -6.9% 41.8% 43.65% 3
2016 -2.2% -17.9% 7.8% 33.87% 2
2015 1.6% -27.7% 15.9% 55.28% 3
2014 -4.0% -28.4% 32.2% 21.49% 2
2013 18.2% -21.1% 43.9% 58.47% 3

Total Return Ranking - Trailing

Period MIDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -17.6% 25.0% 37.60% 2
1 Yr 11.2% -21.5% 32.3% 55.46% 3
3 Yr 6.9% * -2.1% 13.7% 60.17% 3
5 Yr 8.0% * 1.0% 16.7% 56.52% 3
10 Yr 6.0% * 1.6% 11.4% 37.18% 2

* Annualized


Total Return Ranking - Calendar

Period MIDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 28.5% -6.9% 41.8% 44.00% 3
2016 -2.2% -17.9% 10.5% 36.59% 3
2015 2.5% -12.0% 17.9% 60.66% 3
2014 -3.0% -20.6% 42.1% 37.50% 3
2013 20.1% -28.2% 47.3% 76.92% 4

NAV & Total Return History

MIDAX - Holdings

Filings data as of: Apr 30, 2018

Concentration Analysis

MIDAX Category Low Category High MIDAX % Rank Quintile
Net Assets 6.47 B 12.1 M 11 B 3.17% 1
Number of Holdings 315 33 315 0.79% 1
Net Assets in Top 10 945 M 1.8 M 1.6 B 4.76% 1
Weighting of Top 10 14.7% 9.5% 45.9% 30.95% 5

Top 10 Holdings

  1. Bunzl PLC 2.15%
  2. Amadeus IT Group SA A 1.88%
  3. Croda International PLC 1.58%
  4. OBIC Co Ltd 2.21%
  5. Symrise AG 1.34%
  6. Dollarama Inc 1.32%
  7. Hiscox Ltd 1.13%
  8. FUJI Seal International Inc 1.07%
  9. Yamato Holdings Co Ltd 1.09%
  10. Rightmove PLC 0.96%

Asset Allocation

Weighting Category Low Category High MIDAX % Rank Quintile
Stocks
95.62% 86.61% 102.96% 19.05% 3
Cash
4.38% -2.96% 11.23% 12.70% 2
Preferred Stocks
0.00% 0.00% 0.00% 0.79% 2
Other
0.00% 0.00% 5.58% 24.60% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.79% 2
Bonds
0.00% 0.00% 4.25% 4.76% 3

Stock Sector Breakdown

Weighting Category Low Category High MIDAX % Rank Quintile
Consumer Cyclical
17.05% 4.70% 27.02% 18.25% 3
Consumer Defense
16.37% 0.00% 18.09% 1.59% 1
Industrials
14.39% 4.11% 32.39% 28.57% 4
Technology
13.76% 5.58% 33.46% 25.40% 4
Financial Services
12.09% 1.64% 21.73% 16.67% 3
Basic Materials
10.17% 0.00% 15.24% 4.76% 2
Healthcare
5.00% 2.55% 25.43% 34.92% 5
Real Estate
2.58% 0.00% 10.12% 21.43% 3
Utilities
1.86% 0.00% 3.79% 3.97% 1
Energy
1.47% 0.00% 11.89% 25.40% 4
Communication Services
0.88% 0.00% 8.41% 18.25% 3

Stock Geographic Breakdown

Weighting Category Low Category High MIDAX % Rank Quintile
Non US
93.44% 57.41% 102.24% 20.63% 3
US
2.18% 0.00% 35.75% 17.46% 3

MIDAX - Expenses

Operational Fees

MIDAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.33% 0.56% 5.66% 47.62% 2
Management Fee 0.89% 0.00% 1.75% 11.11% 2
12b-1 Fee 0.25% 0.00% 1.00% 5.56% 2
Administrative Fee N/A 0.02% 0.30% N/A N/A

Sales Fees

MIDAX Fees (% of AUM) Category Low Category High MIDAX Rank Quintile
Front Load 5.75% 0.00% 5.75% 4.76% 4
Deferred Load N/A 0.00% 5.50% N/A N/A

Trading Fees

MIDAX Fees (% of AUM) Category Low Category High MIDAX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MIDAX Fees (% of AUM) Category Low Category High MIDAX Rank Quintile
Turnover 17.00% 11.00% 232.19% 26.19% 1

MIDAX - Distributions

Dividend Yield Analysis

MIDAX Category Low Category High MIDAX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.95% 22.86% 2

Dividend Distribution Analysis

MIDAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

MIDAX Category Low Category High MIDAX % Rank Quintile
Net Income Ratio 0.68% -1.11% 1.52% 23.81% 2

Capital Gain Distribution Analysis

MIDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

MIDAX - Managers

Robert W. Lau

Manager

Start Date

Jul 31, 2008

Tenure

9.84

Tenure Rank

7.6%

Robert W. Lau, CFA, is an investment officer and portfolio manager for MFS Investment Management® (MFS®). He is a member of the emerging market equity and international small-cap portfolio management teams. He is based in MFS' Singapore office. Robert joined the company in 2001 as a research analyst and was named portfolio manager in 2008. Previously, he was a portfolio manager for Goldman Sachs Asset Management from 1998 to 2001 and an equity analyst at JP Morgan Investment Management from 1996 to 1998. He earned a Bachelor of Science degree from Massachusetts Institute of Technology and ho


David A. Antonelli

Manager

Start Date

Oct 09, 1997

Tenure

20.65

Tenure Rank

0.6%

Antonelli is senior vice president and director of international equity reserach of MFS Investment Management. He joined the firm in 1991 as a research analyst following foreign stocks, with a concentration in continental Europe. He was named assistant vice president in 1994, vice president in 1995, portfolio manager in 1997, and director of international equity research and senior vice president in 1999.


Peter F. Fruzzetti

Manager

Start Date

Dec 31, 2004

Tenure

13.42

Tenure Rank

5.2%

Peter Fruzzetti is an investment officer of MFS Investment Management® (MFS®) and a portfolio manager of the firm's international small-cap portfolios. Peter joined MFS in 2000 as an equity research analyst. He was named portfolio manager in 2004. Prior to joining MFS he was an equity analyst with Fidelity Investments from 1993 to 1999. He is a graduate of Boston College.


José Luis García

Manager

Start Date

Oct 17, 2007

Tenure

10.63

Tenure Rank

7.0%

Jose Luis Garcia is an investment officer, equity portfolio manager and the director of equity - Latin America at MFS Investment Management® (MFS®). He manages or comanages several international equity portfolios for MFS, including Latin American and emerging markets portfolios, as well as oversees the analyst-led research international portfolios. He also contributes to the MFS global research platform as an equity research analyst focused on Latin American stocks. He is based in Mexico City. Jose Luis joined MFS in 2002. Previously, he was chief executive officer of Telefonica B2B in Mexico


Tenure Analysis

Category Low

0.1

Category High

24.5

Category Average

8.06

Category Mode

0.1