Morningstar

MFS International New Discovery Fund Class R2 MIDRX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $33.11  /  +0.52 %
  • Fund Size $7.2B
  • Adjusted Expense Ratio 1.530%
  • Net Expense Ratio 1.530%
  • Fee Level: Distribution Below Average
  • Share Class Type Retirement, Medium
  • Morningstar Category Foreign Small/Mid Growth
  • Equity Style Box (Funds) Mid Blend
  • Minimum Initial Investment $0
  • Investment Status Limited
  • TTM Yield 1.23%
  • Turnover Ratio 17%
NAV and 1-Day Return as of

Morningstar’s Analysis MIDRX

Will MIDRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MIDRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MIDRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MIDRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still a sound foreign smaller-cap vehicle for the long haul.

Senior Analyst William Samuel Rocco

William Samuel Rocco

Senior Analyst

Summary

MFS International New Discovery’s team is still strong after several departures, and it should remain so after a previously disclosed retirement occurs in 2027. The strategy, which is closed to most new investors, remains a solid source of reserved foreign smaller-cap exposure for long-term investors.

by William Samuel Rocco
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Portfolio Holdings MIDRX

More MIDRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Cash CASH_USD

2.09 153M
Cash and Equivalents

OBIC Co Ltd

1.29 94M
Technology

Symrise AG

1.24 91M
Basic Materials

Agnico Eagle Mines Ltd

1.08 79M
Basic Materials

Advantech Co Ltd

1.07 79M
Technology

ASMPT Ltd

1.07 78M
Technology

Voltronic Power Technology Corp

1.06 78M
Industrials

Tripod Technology Corp

1.02 75M
Technology

GEA Group AG

1.00 74M
Industrials

Techtronic Industries Co Ltd

0.99 73M
Industrials

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