MFS Global New Discovery Fund Class A
GLNAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- MFS Series Trust IV MA United States of America
- IPO Date
- Dec 16, 2011
- CIK
- 0000063068
- Website
- mfs.com
- Similar Companies
- Business
- MFS Global New Discovery Fund Class A (GLNAX) is an open-end mutual fund managed by MFS Investment Management that seeks capital appreciation by investing primarily in a diversified portfolio of equity securities of small- and mid-capitalization companies located globally, with a focus on those demonstrating consistent above-average earnings growth, durably high returns on capital, and attractive valuations; the fund benchmarks performance against the MSCI All Country World Small Mid Cap Index and maintains high active share exceeding 96%, portfolio turnover around 45-46%, and approximately 105 holdings across sectors led by industrials (around 28%), information technology (14-15%), and consumer discretionary (10-12%). The fund offers Class A shares with a maximum front-end sales charge of 5.75%, net expense ratio of 1.35% (reflecting contractual fee waivers through at least December 31, 2025), and minimum initial investment of $1,000 for retail investors; it provides daily pricing with recent NAV around $24 as of late 2025, and distributes dividends and capital gains annually, such as the December 2024 dividend of $0.07649 per share. MFS Investment Management, founded in 1924 and headquartered at 111 Huntington Avenue in Boston, Massachusetts, serves as the investment adviser with a global research platform spanning offices in Boston, Hong Kong, London, Singapore, São Paulo, Sydney, Tokyo, and Toronto; the fund, commenced on December 16, 2011, operates with net assets of approximately $71 million as of September 2025 and targets individual investors, financial advisors, and intermediaries through MFS Fund Distributors, Inc. Portfolio allocations emphasize North America (around 47-49%, primarily U.S. at 42%), followed by Japan (10%), United Kingdom (9-10%), Europe ex-U.K. (15%), emerging markets (10%), and Asia/Pacific ex-Japan (5%); top holdings as of late 2025 include STERIS plc, US Foods Holding Corp., Melrose Industries PLC, TechnipFMC plc, and Burlington Stores Inc., representing about 17% of assets. The fund continues its consistent small- and mid-cap global equity strategy without major structural changes, name changes, acquisitions, or new product launches reported in the last 1-2 years; ongoing portfolio adjustments reflect active management, such as recent top holdings shifts including additions to positions in companies like TechnipFMC plc and Euronext NV, amid stable management led by portfolio managers including Peter Fruzzetti (since inception), with others joining in 2013 and 2019.