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MIDBX MFS International New Discovery B

  • Fund
  • MIDBX
  • Price as of: Jun 05, 2019
  • $30.99 + $0.07 + 0.23%
  • Category
  • Foreign Small & Mid Cap Growth Equities
  • Fund Company
  • MFS

MIDBX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $6.85 B
  • Holdings in Top 10 14.5%

52 WEEK LOW AND HIGH

$30.99
$27.39
$35.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.05%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 21.00%

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 9.7%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name MFS International New Discovery Fund
  • Fund Family Name MFS
  • Inception Date Oct 02, 2000
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Antonelli

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.

MIDBX - Performance

Return Ranking - Trailing

Period MIDBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% 3.8% 27.3% 77.67%
1 Yr -11.5% -41.8% 1.1% 32.04%
3 Yr 3.7%* -15.1% 10.2% 47.06%
5 Yr 1.6%* -13.2% 6.4% 25.49%
10 Yr 8.3%* 0.1% 11.7% 27.69%

* Annualized


Return Ranking - Calendar

Period MIDBX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.4% -51.1% -12.8% 10.78%
2017 28.3% 12.4% 41.8% 57.84%
2016 -2.1% -17.9% 6.8% 33.33%
2015 1.6% -14.4% 15.9% 60.78%
2014 -3.8% -28.4% -0.3% 15.00%

Total Return Ranking - Trailing

Period MIDBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% 3.8% 27.3% 74.76%
1 Yr -6.1% -33.4% 1.1% 22.33%
3 Yr 7.0%* -4.7% 12.1% 36.27%
5 Yr 3.6%* -6.9% 9.9% 34.31%
10 Yr 9.4%* 0.5% 15.8% 46.15%

* Annualized


Total Return Ranking - Calendar

Period MIDBX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.3% -38.6% -9.1% 12.75%
2017 30.7% 19.2% 45.1% 78.43%
2016 -0.5% -12.9% 8.2% 36.27%
2015 1.7% -13.9% 17.0% 71.57%
2014 -3.7% -21.9% 4.8% 41.00%

NAV & Total Return History

MIDBX - Holdings

Concentration Analysis

MIDBX Category Low Category High MIDBX % Rank
Net Assets 6.85 B 10.2 M 9.15 B 11.54%
Number of Holdings 342 39 342 7.77%
Net Assets in Top 10 993 M 1.59 M 1.65 B 12.62%
Weighting of Top 10 14.51% 9.7% 51.5% 83.50%

Top 10 Holdings

  1. OBIC Co Ltd 2.86%

  2. Amadeus IT Group SA A 1.93%

  3. Croda International PLC 1.76%

  4. Symrise AG 1.45%

  5. LEG Immobilien AG 1.16%

  6. Sika AG Registered Shares 1.16%

  7. Bunzl PLC 1.14%

  8. CTS Eventim AG & Co. KGaA 1.09%

  9. China Resources Beer (Holdings) Co Ltd 1.00%

  10. Dollarama Inc 0.96%


Asset Allocation

Weighting Return Low Return High MIDBX % Rank
Stocks
93.37% 90.84% 100.25% 78.64%
Cash
6.63% -0.24% 8.37% 18.45%
Preferred Stocks
0.00% 0.00% 1.89% 71.84%
Other
0.00% 0.00% 2.43% 84.47%
Convertible Bonds
0.00% 0.00% 0.00% 71.84%
Bonds
0.00% 0.00% 0.00% 71.84%

Stock Sector Breakdown

Weighting Return Low Return High MIDBX % Rank
Industrials
15.49% 5.24% 34.58% 78.64%
Technology
15.08% 5.15% 41.18% 72.82%
Consumer Cyclical
14.69% 3.55% 31.08% 47.57%
Consumer Defense
14.35% 0.38% 15.98% 20.39%
Financial Services
11.03% 2.15% 20.91% 50.49%
Basic Materials
9.41% 0.00% 9.90% 14.56%
Healthcare
5.38% 1.54% 23.50% 95.15%
Real Estate
4.05% 0.00% 8.09% 43.69%
Communication Services
1.49% 0.00% 5.79% 36.89%
Energy
1.34% 0.00% 11.52% 70.87%
Utilities
1.06% 0.00% 4.60% 15.53%

Stock Geographic Breakdown

Weighting Return Low Return High MIDBX % Rank
Non US
91.70% 55.81% 99.45% 66.02%
US
1.67% 0.00% 38.06% 43.69%

MIDBX - Expenses

Operational Fees

MIDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.05% 0.01% 3.26% 18.45%
Management Fee 0.87% 0.00% 1.75% 38.46%
12b-1 Fee 1.00% 0.00% 1.00% 94.52%
Administrative Fee N/A 0.02% 0.30% N/A

Sales Fees

MIDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 4.00% 0.00% 4.00% 5.56%

Trading Fees

MIDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

MIDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 7.00% 213.01% 19.42%

MIDBX - Distributions

Dividend Yield Analysis

MIDBX Category Low Category High MIDBX % Rank
Dividend Yield 0.00% 0.00% 0.03% 88.46%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MIDBX Category Low Category High MIDBX % Rank
Net Income Ratio -0.14% -1.07% 2.08% 84.47%

Capital Gain Distribution Analysis

MIDBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MIDBX - Managers

David A. Antonelli

Manager

Start Date

Tenure

Tenure Rank

Oct 09, 1997

21.65

21.7%

Mr. 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

Tenure

Tenure Rank

Dec 31, 2004

14.42

14.4%

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

Tenure

Tenure Rank

Oct 17, 2007

11.63

11.6%

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.


Robert W. Lau

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2008

10.84

10.8%

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


Tenure Analysis

Category Low

0.07

Category High

25.51

Category Average

8.94

Category Mode

6.88