- What does GLNAX invest in?
- The primary objective of this fund is long-term capital growth. It typically allocates its holdings predominantly to equity securities spanning both domestic U.S. and international markets, notably encompassing those in developing nations. Such equity instruments encompass common shares, stakes in Real Estate Investment Trusts (REITs), and other securities representing a direct ownership claim in a company or entity. While MFS generally diversifies the fund's capital across a broad spectrum of industries, economic sectors, countries, and geographical regions, it retains the flexibility to concentrate a substantial portion of its investments within a particular industry, sector, country, or region. MFS implements an active, bottom-up investment strategy for selecting and divesting the fund's holdings.
- What is the expense ratio of GLNAX?
- MFS Global New Discovery Fund Class A (GLNAX) charges an expense ratio of 1.35%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is GLNAX?
- MFS Global New Discovery Fund Class A (GLNAX) manages $66.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is GLNAX actively managed or an index fund?
- GLNAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was GLNAX launched?
- MFS Global New Discovery Fund Class A (GLNAX) launched in December 2011 and is managed by MFS.
- How has GLNAX performed?
- GLNAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
