| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MFS Global New Discovery Fund > News item |
MFS launches MFS Global New Discovery Fund
By Toni Weeks
San Diego, Dec. 14 - MFS announced a new fund that will be part of its MFS Series Trust IV, according to an N-1A filing with the Securities and Exchange Commission.
The fund, MFS Global New Discovery Fund, seeks capital appreciation and will invest its assets primarily in U.S. and foreign equity securities, including emerging market equity securities.
A large percentage of the fund's assets may be invested in issuers in a single country, a small number of countries, or a particular geographic region. MFS will generally focus on companies with small to medium capitalizations.
The portfolio managers will be Peter F. Fruzzetti and Thomas H. Wetherald, both investment officers of MFS.
Purchases of class A shares will be subject to an initial sales charge based on a percentage of the gross purchase amount. The charge will be 5.75% for purchases less than $50,000, 4.75% for purchases of $50,000 up to $100,000, 3.75% for purchases of $100,000 up to $250,000, 2.75% for purchases of $250,000 up to $500,000, 2% for purchase of $500,000 up to $1 million and 0% for purchases of $1 million or more.
Class B and class C shares may be purchased at net asset value without an initial sales charge but may be subject to a contingent deferred sales charge in certain conditions. Class I shares may be purchased without an initial sales charge or a contingent deferred sales charge upon redemption. Likewise, class R1, class R2, class R3 and class R4 shares may be purchased by employer retirement plans without either an initial sales charge or a contingent deferred sales charge.
Boston-based Massachusetts Financial Services Co., or MFS, serves as the investment adviser for the fund.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.