- Issuer
- MFS
- Inception Date
- Jun 1, 2012
- Category
- Foreign Small & Mid Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI All Country World ex-US Small Mid Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
MIDLX Performance Chart
MFS International New Discovery Fund Class R6 (MIDLX) is up 7.8% since the beginning of the year. MIDLX is currently trading at $36 per share. Investors who bought $1,000 worth of MIDLX shares 5 years ago would now be looking at an investment worth $1,212.
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Returns By Period
MFS International New Discovery Fund Class R6 (MIDLX) has returned 7.81% so far this year and 12.72% over the past 12 months. Over the last ten years, MIDLX has returned 7.01% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MFS International New Discovery Fund Class R6
- 1D
- 0.44%
- 1M
- 1.48%
- YTD
- 7.81%
- 6M
- 7.91%
- 1Y
- 12.72%
- 3Y*
- 10.66%
- 5Y*
- 3.92%
- 10Y*
- 7.01%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MIDLX Monthly Returns History
Based on dividend-adjusted daily data since Jun 1, 2012, MIDLX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +11.6%, while the worst month was Mar 2020 at -15.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MIDLX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +5.8%, while the worst single day was Mar 12, 2020 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.59% | 4.96% | -9.75% | 7.05% | 2.54% | 0.08% | 7.81% | ||||||
| 2025 | 1.01% | 0.90% | 0.63% | 4.49% | 4.36% | 3.46% | -1.80% | 3.08% | 0.72% | -1.68% | 0.52% | 0.40% | 17.03% |
| 2024 | -2.75% | 1.66% | 2.65% | -2.12% | 2.39% | -0.99% | 5.05% | 2.72% | 3.29% | -5.92% | -0.45% | -1.71% | 3.33% |
| 2023 | 7.24% | -3.58% | 2.52% | 1.94% | -3.46% | 2.33% | 3.50% | -2.61% | -4.65% | -3.61% | 8.15% | 5.84% | 13.21% |
| 2022 | -7.16% | -1.59% | -2.08% | -5.76% | 0.13% | -7.63% | 6.20% | -4.94% | -9.59% | 3.41% | 11.63% | -0.81% | -18.52% |
| 2021 | -1.69% | -0.70% | 2.92% | 2.44% | 2.28% | -0.20% | 1.18% | 2.73% | -3.50% | 0.85% | -4.12% | 3.21% | 5.17% |
Benchmark Metrics
MFS International New Discovery Fund Class R6 has an annualized alpha of 0.02%, beta of 0.61, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since June 01, 2012.
- This fund participated in 86.74% of S&P 500 Index downside but only 69.11% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.02%
- Beta
- 0.61
- R²
- 0.60
- Upside Capture
- 69.11%
- Downside Capture
- 86.74%
Expense Ratio
MIDLX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MIDLX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIDLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.78 | -1.77 |
| Martin ratioReturn relative to average drawdown | 3.42 | 12.44 | -9.01 |
Dividends
Dividend History
MFS International New Discovery Fund Class R6 provided a 3.13% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.14 | $3.00 | $1.33 | $1.70 | $1.97 | $1.53 | $1.56 | $2.05 | $0.58 | $0.30 | $0.35 |
Dividend yield | 3.13% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS International New Discovery Fund Class R6. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.00 | $3.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $1.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.97 | $1.97 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS International New Discovery Fund Class R6. 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 International New Discovery Fund Class R6 was 34.70%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current MFS International New Discovery Fund Class R6 drawdown is 0.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.70%Mar 2020 | 2mo 2d | 6mo 23d | 8mo 25dJan 2020 - Oct 2020 |
Bear market2022 | -33.58%Oct 2022 | 1y 1mo | 2y 7mo | 3y 8moSep 2021 - May 2025 |
Rate-hike selloffLate 2018 | -17.91%Dec 2018 | 10mo 29d | 10mo 15d | 1y 9moJan 2018 - Nov 2019 |
2016 correction2016 | -16.08%Jan 2016 | 8mo 3d | 7mo 20d | 1y 3moMay 2015 - Sep 2016 |
2014 correction2014 | -12.65%Oct 2014 | 3mo 10d | 7mo 2d | 10mo 12dJul 2014 - May 2015 |
Drawdown Indicators
| MIDLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -56.78% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -9.10% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.15% | -18.90% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | -25.43% | -8.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -33.92% | -0.78% |
Current DrawdownCurrent decline from peak | -0.85% | -1.80% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -10.71% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.03% | +1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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