MFS® New Discovery Fund

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Fund Overview

Objective

Seeks capital appreciation.

Key Differentiators

  • Invests in small-cap growth companies that are, or may become major enterprises, with valuations in line with fundamentals and growth potential
  • Consistent focus on small companies with significant growth potential across all market environments
  • Differentiated portfolio construction process is used as diversification occurs across 3 types of growth stocks: emerging, high quality durable, and companies in out of favor industries

Managers

Fund Information

MNDAXSYMBOL

$24.07

DAILY NAV AS OF 3/5/15

$1.6 B NET ASSETS AS OF 1/31/15
Fund Commencement
1/2/97
Class Inception
1/2/97
Net Assets ($M)
As of 1/31/15
$1,601.72
Maximum Sales Charge
5.75%
Net Asset Value (NAV)
As of 3/5/15
$24.07
NAV Change
$0.16  | 0.67%
Fiscal Year End
AUGUST
Fund Number
97
Gross Expense ratio
1.33 %
Net Expense ratio
1.28 %

Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

Net Expense Ratio reflects the reduction of expenses from fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance. These reductions will continue until at least December 31, 2015.

Top 10 Holdings Details

As of 1/31/15

Bright Horizons Family Solutions Inc
Swift Transportation Co
Urban Outfitters Inc
Gartner Inc
Citi Trends Inc
Healthcare Services Group Inc
Cvent Inc
Advanced Drainage Systems Inc
Constant Contact Inc
Five Below Inc

16.02% of total net assets

Total number of holdings: 132

Full and Historical Holdings

The portfolio is actively managed, and current holdings may be different.

Average Annual Total Returns % Details

These results represent the percent change in net asset value.

As of 2/28/15 (YTD Updated Daily, as of 3/5/15) As of 12/31/14
 

*YTD Updated Daily as of 3/5/15 , subject to revision and not annualized.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

Important Performance Information

Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.

Sales Charges

Class A shares ("A") results include the maximum sales charge.

Important Risk Considerations

  • The fund may not achieve its objective and/or you could lose money on your investment in the fund.

  • Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical, and other conditions.

  • Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, economic, industry, political, regulatory, geopolitical, or other conditions.

  • Investments in small-cap companies can be more volatile than investments in larger companies.

  • Please see the prospectus for further information on these and other risk considerations.

Product Insights

This publication is authorized for distribution only when preceded or accompanied by a prospectus, or summary prospectus, for the portfolio being offered. Consider the fund's investment objectives, risks, charges and expenses. Contact MFS or view online. Read it carefully.