How is MFS International New Discovery A Fund (MIDAX) Performing?
MFS International New Discovery A (MIDAX) a Zacks Ranked #2 (Buy) seeks capital appreciation. MIDAX invests, under normal market conditions, at least 65% of its total assets in common stocks and related securities of foreign issuers. MIDAX may invest in companies of any size, including equity securities issued by foreign companies with relatively small market capitalizations, that the fund believes are early in their life cycle but have the potential to become major enterprises. MIDAX offers dividends annually and capital gains annually.
This Non US - Equity fund, as of the last filing, allocates their fund in three major groups; Foreign Stock, Intermediate Bond, High Yield Bond. Further, as of the last filing, BUNZL PLC, OBIC COMPANY LTD and AMADEUS HOLDINGS AG were the top holdings for MIDAX.
The MFS International New Discovery A fund, managed by MFS, carries an expense ratio of 1.32. Moreover, MIDAX requires a minimal initial investment of $1,000.
MIDAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 0.82%, 3 year 11.27%, and 5 year 10.05%. To see how this fund performed compared in its category, please click here.
MIDAX’s performance, as of the last filing, when compared to funds in its category was in the top 33% in 1 year, top 37% over the past 3 years, and in the 12% over the past 5 years.
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