Mutual Fund Insights: MFS International New Discovery R2 Fund (MIDRX)

In-depth Analysis of MFS International New Discovery R2 Fund (MIDRX)

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See MFS International New Discovery R2 Fund (MIDRX) performance details as of February 28, 2010

  

Last Trade: $18.22 on 3/19/2010, Change: -0.08 (-0.44%)

  

Fund Manager - Jose Luis A. Garcia

Fund Manager Tenure: 2.4 years   [Similar Funds: MIDAX  MIDBX  MIDCX  MIDGX  MIDHX  MIDJX ]
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)

Jose Luis A. Garcia is a vice president with MFS, where Jose Luis A. Garcia has been employed in the investment management area since 2002. Prior to that, Jose Luis A. Garcia was the chief executive officer of TeleFonica B2B (Mexico City) from 2000 to 2002. Previously, Jose Luis A. Garcia was emerging market product specialist for Schroders Investment Management (North America) from 1999 to 2002.  Get more insights on Jose Luis A. Garcia

  

 What we like about MFS International New Discovery R2 Fund (MIDRX)

Data for MFS International New Discovery R2 Fund (MIDRX) as of February 28, 2010

• MFS International New Discovery R2 Fund (MIDRX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
• MFS International New Discovery R2 Fund (MIDRX) has good short-term performance (1-year return 68.74% vs 67.13 % Foreign Small/Mid Growth category average)
• MFS International New Discovery R2 Fund (MIDRX) has good Long-term performance (5-year return 4.71% vs 4.25 % Foreign Small/Mid Growth category average)
• MFS International New Discovery R2 Fund (MIDRX) ratio of up-years vs down years is greater than 2
• MFS International New Discovery R2 Fund (MIDRX) has an annual stock turnover rate of 42.00% vs Foreign Small/Mid Growth average of 110.50%. It is good that MFS International New Discovery R2 management does not trade extensively for its return.
• MFS International New Discovery R2 Fund (MIDRX) is less volatile than its peers as it has a 3-year Standard Deviation of 25.28, lower than category average of 27.91

  

 What we are cautious about MFS International New Discovery R2 Fund (MIDRX)

Data for MFS International New Discovery R2 Fund (MIDRX) as of February 28, 2010

• MFS International New Discovery R2 Fund (MIDRX) management has been with MFS International New Discovery R2 Fund for only 2.4 years, it is hard to judge manager's ability based on this fund's operation record
• MFS International New Discovery R2 Fund (MIDRX) has a less-than-ideal mid-term performance (3-year return -4.82% vs -7.91 % Foreign Small/Mid Growth category average)
• MFS International New Discovery R2 Fund (MIDRX) has a Morningstar rating of 3 and below
• MFS International New Discovery R2 Fund (MIDRX) has a higher management fee of 1.75% than its Foreign Small/Mid Growth average of 1.64%
• Even though MFS International New Discovery R2 Fund carries no load, it does have a 0.50% of 12b1 promotion, distributions, marketing expenses

See MFS International New Discovery R2 Fund (MIDRX) performance details as of February 28, 2010

  

  

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MFS International New Discovery R2 Fund (MIDRX) Net Asset

Track net asset change of MFS International New Discovery R2 fund (MIDRX)

Date	Net Asset
02/2010	$2.26B
01/2010	$38.94M
11/2009	$40.70M

More historic net asset information on MFS International New Discovery R2 Fund (MIDRX)

  

MFS International New Discovery R2 Fund (MIDRX) Portfolio Allocation

Track portfolio allocation change of MFS International New Discovery R2 fund (MIDRX)

Date	Cash	Stock	Bond	Other
01/2010	0.77%	99.06%	0%	0.16%
10/2009	3.53%	96.47%	0%	0%
09/2009	1.32%	98.67%	0%	0%

Click here to see more historic asset allocation information on MFS International New Discovery R2 Fund (MIDRX)

  

Most Recent Top 10 Holdings in MFS International New Discovery R2 Fund (MIDRX)

Discover what MFS International New Discovery R2 Fund (MIDRX) manager is buying

31-Jan-10 CDI Corporation Common Stock [1.76%] SYNTHES ORD [1.34%] Novo Nordisk B [1.26%] [1.19%] KONINKLIJKE KPN NV [1.15%] BUNZL PLC [1.1%] TNT NV [1.09%] [1.06%] Storebrand [0.93%] [0.92%]

31-Oct-09 C D I CP [1.8%] KONINKLIJKE KPN NV [1.3%] SYNTHES ORD [1.28%] BUNZL PLC [1.25%] ZIMMER HOLDINGS INC [1.22%] Novo Nordisk A/S [1.2%] INTERTEK GROUP ORD [1.17%] Storebrand ASA [1.16%] Konica Minolta Holdings, Inc. [1.14%] Kerry Group PLC [1.11%]

30-Sep-09 C D I CP [1.76%] SYNTHES ORD [1.29%] ZIMMER HOLDINGS INC [1.23%] Novo Nordisk A/S [1.2%] KONINKLIJKE KPN NV [1.18%] BUNZL PLC [1.15%] INTERTEK GROUP ORD [1.15%] Konica Minolta Holdings, Inc. [1.14%] COPA HOLDINGS S.A. [1.09%] Kerry Group PLC [1.06%]

Click here for Stock Holding Change Map in MFS International New Discovery R2 Fund (MIDRX)

  

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See more information on MFS International New Discovery R2 Fund (MIDRX)

• MFS International New Discovery R2 Fund Insights
• MFS International New Discovery R2 Fund Performance Data
• MFS International New Discovery R2 Fund News
• MFS International New Discovery R2 Fund Score Explaination
• MFS International New Discovery R2 Fund Manager Information
• Historic MFS International New Discovery R2 Fund Asset Allocation Report
• Historic MFS International New Discovery R2 Fund Top 10 Holding Tracking
• Historic MFS International New Discovery R2 Fund Asset Under Management Tracking