MFS International New Discovery Fund

MFS Series Trust V · 9 share classes

Actively managed developed international equity fund
One fund, 9 share classes:MIDAXMIDJXMIDBXMIDCXMWNIXMIDGXMIDRXMIDHXMIDLX
$7.63B NAV
268 positions · as of 2026-06-30 · filed 2026-08-25

Fund classification

Classified from what the fund holds · as of 2026 Q2

MFS International New Discovery Fund is an actively managed developed international equity fund.

Asset class
Equity
Region
Developed international
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

The funds investment objective is to seek capital appreciation.

Strategy · summarised

The fund invests primarily in foreign equity securities, emphasizing small- to medium-capitalization growth companies selected through bottom-up fundamental analysis of individual issuers. MFS may invest a significant percentage of assets in a single industry, sector, country, or region, concentrating exposure in ways that could cause the fund to diverge materially from broader foreign equity markets.

Expenses
0.91% 2.03%across 9 share classes
Share classGrossNet
MIDAX1.29%1.28%
MIDJX1.04%1.03%
MIDBX2.04%2.03%
MIDCX2.04%2.03%
MWNIX1.04%1.03%
MIDGX2.04%2.03%
MIDRX1.54%1.53%
MIDHX1.29%1.28%
MIDLX0.92%0.91%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 17.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.27%
of net assets
Stocks96.79%
Cash & short-term3.49%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 27 new65 exited

Largest new: RBA, MakeMyTrip Ltd., Weir Group plc (The), ERO Copper Corp., Lottomatica Group Spa, Element Fleet Management Corp., Sanwa Holdings Corp., Yokogawa Electric Corp.

Largest exited: Douzone Bizon Co. Ltd., LS Electric Co. Ltd., Kato Sangyo Co. Ltd., Bunzl plc, Hero MotoCorp Ltd., ALSOK Co. Ltd., DTS Corp., Morinaga & Co. Ltd.

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+14.27%+28.58%+14.73%15.19%-10.57%
+14.55%+29.60%+16.19%15.21%-10.55%
+13.46%+25.79%+10.52%15.18%-10.78%
+13.46%+25.76%+10.51%15.16%-10.75%
+14.58%+29.60%+16.20%15.19%-10.54%
+13.43%+25.76%+10.51%15.17%-10.78%
+13.99%+27.65%+13.32%15.18%-10.65%
+14.28%+28.60%+14.72%15.16%-10.60%
+14.75%+30.13%+17.00%15.18%-10.49%

These classes hold the same portfolio, so the 6.48pp spread over 5 years is the cost difference between them — roughly 1.30pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
MFS Institutional Money Market Portfolio3.13%$238.71M
ASMPT Ltd.1.64%$125.14M
Voltronic Power Technology Corp.1.29%$98.72M
Symrise AG1.22%$92.84M
Italgas SpA1.04%$79.03M
Tripod Technology Corp.1.03%$78.78M
Techtronic Industries Co. Ltd.1.03%$78.31M
Federal Bank Ltd.1.00%$76.33M
Hugel, Inc.0.98%$74.57M
Obic Co. Ltd.0.97%$74.36M
Showing 10 of 268Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 13.33% of net assets, top 25 25.73%, across 268 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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