MFS International New Discovery remains an attractive foreign small/mid-cap vehicle for the long haul. Its three cheapest share classes retain their Morningstar Analyst Ratings of Silver; the A and R3 share classes are downgraded to Bronze from Silver owing to changes in the competitive landscape in its Morningstar Category peer group; and its four priciest share classes stay at Bronze. The strategy remains closed to most new investors.
Morningstar’s Fund Analysis MIDGX
Will MIDGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MIDGX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MIDGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MIDGX’s parent organization’s priorities and whether they’re in line with investors’ interests.