MFS New Discovery Value Fund
MFS SERIES TRUST XIII · 9 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
MFS New Discovery Value Fund is an actively managed U.S. equity fund. 20% of NDVAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 85% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The funds investment objective is to seek capital appreciation.
The fund invests at least 80% of assets in equity securities of small-capitalization companies that the adviser identifies as undervalued based on metrics such as price-to-earnings, price-to-book, and free cash flow yield relative to the market and peers, supplemented by analysis of financial quality and balance sheet strength. The fund employs a bottom-up fundamental approach and may also use quantitative screening. Because the fund concentrates primarily in small-cap equities, performance will depend on the adviser's security selection within that universe.
| Share class | Gross | Net |
|---|---|---|
| NDVAX | 1.23% | 1.22% |
| NDVBX | 1.98% | 1.97% |
| NDVCX | 1.98% | 1.97% |
| NDVIX | 0.98% | 0.97% |
| NDVRX | 1.98% | 1.97% |
| NDVSX | 1.48% | 1.47% |
| NDVTX | 1.23% | 1.22% |
| NDVUX | 0.98% | 0.97% |
| NDVVX | 0.88% | 0.87% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 47.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.93% |
| Cash & short-term | 2.35% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 22.9% |
| Industrials | 12.1% |
| Information Technology | 10.9% |
| Health Care | 9.8% |
| 10 smaller | 44.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +24.59% | +36.01% | +31.23% | 13.72% | -17.40% | |
| +23.67% | +32.96% | +26.41% | 13.71% | -17.68% | |
| +23.68% | +32.96% | +26.32% | 13.66% | -17.68% | |
| +24.93% | +37.02% | +32.87% | 13.72% | -17.33% | |
| +23.64% | +33.01% | +26.45% | 13.73% | -17.64% | |
| +24.31% | +34.93% | +29.54% | 13.70% | -17.52% | |
| +24.55% | +35.98% | +31.23% | 13.71% | -17.39% | |
| +24.88% | +37.03% | +32.86% | 13.72% | -17.33% | |
| +25.04% | +37.44% | +33.53% | 13.73% | -17.28% |
These classes hold the same portfolio, so the 7.21pp spread over 5 years is the cost difference between them — roughly 1.44pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is 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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| MGMXX | JP Morgan US Government Money Market FundMGMXX | 2.35% | — | $58.49M | — |
| RIOT | Riot Platforms IncRIOT | 1.95% | $27.11 | $48.53M | 1.8M |
| ESI | Element Solutions IncESI | 1.47% | $42.43 | $36.58M | 862.0K |
| — | Plains GP Holdings LP | 1.27% | $24.35 | $31.73M | 1.3M |
| CATY | Cathay General BancorpCATY | 1.25% | $57.66 | $31.10M | 539.4K |
| PB | Prosperity Bancshares IncPB | 1.25% | $68.96 | $31.09M | 450.8K |
| COLB | Columbia Banking System IncCOLB | 1.22% | $29.64 | $30.34M | 1.0M |
| FIBK | First Interstate BancSystem IncFIBK | 1.20% | $35.60 | $29.88M | 839.3K |
| FHB | First Hawaiian IncFHB | 1.19% | $26.98 | $29.54M | 1.1M |
| HWC | Hancock Whitney CorpHWC | 1.14% | $68.12 | $28.41M | 417.1K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 14.29% of net assets, top 25 29.41%, across 147 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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