Morningstar

MFS Global New Discovery Fund Class R4 GLNMX

Morningstar Medalist Rating
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Medalist Rating as of See MFS Investment Hub
  • NAV / 1-Day Return $25.49  /  +1.39 %
  • Fund Size $64.7M
  • Adjusted Expense Ratio 1.100%
  • Net Expense Ratio 1.100%
  • Fee Level: Distribution High
  • Share Class Type Retirement, Large
  • Morningstar Category Global Small/Mid Stock
  • Equity Style Box (Funds) Mid Growth
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 0.55%
  • Turnover Ratio 47%
NAV and 1-Day Return as of

Morningstar’s Analysis GLNMX

Will GLNMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GLNMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GLNMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GLNMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A compelling global small- and mid-cap quality-growth strategy.

Director Eva Cook

Eva Cook

Director

Summary

MFS Global New Discovery effectively leverages the firm’s extensive research resources in this well-executed global small- and mid-cap equity strategy. The four comanagers—Peter Fruzzetti, Michael Grossman, Sandeep Mehta, and Eric Braz—were all promoted internally from analyst roles, reflecting MFS’ strong development culture. They offer broad sector expertise, deep industry knowledge, and the ability to draw on a global platform of circa 75 analysts. Portfolio construction is a shared responsibility, but each manager contributes distinct insights. Fruzzetti and Grossman bring long tenure, while Mehta and Braz joined at the end of 2019. Decisions are made unanimously, ensuring only the team’s highest-conviction ideas advance.

by Eva Cook
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Portfolio Holdings GLNMX

More GLNMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Cash CASH_USD

1.96 1M
Cash and Equivalents

GFL Environmental Inc

1.78 1M
Industrials

TechnipFMC PLC

1.64 1M
Energy

OBIC Co Ltd

1.64 1M
Technology

Cranswick PLC

1.53 1M
Consumer Defensive

Okta Inc Class A

1.48 992,557
Technology

Steris PLC

1.44 963,828
Healthcare

Shizuoka Financial Group Inc

1.43 960,909
Financial Services

Elis SA

1.43 956,606
Industrials

Euronext NV

1.41 947,623
Financial Services

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