MFS Global New Discovery Fund (GLNIX)
The investment seeks capital appreciation. The fund normally invests its assets primarily in U.S. and foreign equity securities, including emerging market equity securities. Equity securities include common stocks, equity interests in REITs, and other securities that represent an ownership interest in a company or other issuer. MFS normally invests the fund's assets across different industries, sectors, countries, and regions, but it may invest a significant percentage of the fund's assets in issuers in a single industry, sector, country, or region. MFS uses an active bottom-up investment approach to buying and selling investments for the fund.
Fund Info
| ISIN | US5529876121 |
|---|---|
| CUSIP | 552987612 |
| Issuer | MFS |
| Inception Date | Dec 15, 2011 |
| Category | Global Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
GLNIX has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MFS Global New Discovery Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MFS Global New Discovery Fund had a return of 0.49% year-to-date (YTD) and 9.83% in the last 12 months. Over the past 10 years, MFS Global New Discovery Fund had an annualized return of 7.45%, while the S&P 500 had an annualized return of 10.64%, indicating that MFS Global New Discovery Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.49% | 7.50% |
| 1 month | -2.26% | -1.61% |
| 6 months | 12.31% | 17.65% |
| 1 year | 9.83% | 26.26% |
| 5 years (annualized) | 5.62% | 11.73% |
| 10 years (annualized) | 7.45% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.66% | 3.00% | 2.78% | -5.80% | ||||||||
| 2023 | -4.60% | 9.74% | 6.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GLNIX is 25, indicating that it is in the bottom 25% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MFS Global New Discovery Fund(GLNIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS Global New Discovery Fund (GLNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS Global New Discovery Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.58 | $0.91 | $0.58 | $1.93 | $0.58 | $0.08 | $0.10 | $0.65 | $0.49 |
Dividend yield | 0.00% | 0.00% | 0.00% | 6.14% | 3.71% | 2.85% | 11.95% | 2.94% | 0.53% | 0.69% | 4.50% | 3.06% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Global New Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.93 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 |
| 2013 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Global New Discovery Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Global New Discovery Fund was 38.76%, occurring on Sep 27, 2022. The portfolio has not yet recovered.
The current MFS Global New Discovery Fund drawdown is 16.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.76% | Sep 7, 2021 | 267 | Sep 27, 2022 | — | — | — |
| -35.27% | Feb 18, 2020 | 25 | Mar 23, 2020 | 89 | Jul 29, 2020 | 114 |
| -20.35% | Aug 30, 2018 | 80 | Dec 24, 2018 | 86 | Apr 30, 2019 | 166 |
| -17.87% | Jun 23, 2015 | 162 | Feb 11, 2016 | 117 | Jul 29, 2016 | 279 |
| -14.69% | Jul 7, 2014 | 70 | Oct 13, 2014 | 147 | May 14, 2015 | 217 |
Volatility
Volatility Chart
The current MFS Global New Discovery Fund volatility is 4.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.