SCDSX — MFS New Discovery Value Portfolio
Data updated: 2026-08-24
SCDSX — MFS New Discovery Value Portfolio. United States Small Cap Value Equity · $46.41M AUM. Holdings, fees, performance and SEC filings.
SCDSX Fund Overview
SCDSX — MFS New Discovery Value Portfolio is a US mutual fund managed by Mfs Variable Insurance Trust III, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mfs Variable Insurance Trust III
- Category: United States Small Cap Value Equity
- Assets under management: $46.41M
- 1-year return: 22.5%
- Ticker: SCDSX
- SEC CIK: 0001065698
- SEC series ID: S000023374
- Share class ID: C000068446
SCDSX Investment Objective and Strategy
MFS New Discovery Value Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mfs Variable Insurance Trust III.
Investment objective
The funds investment objective is to seek capital appreciation.
Principal investment strategy
Effective June 10, 2026, the following paragraph is added as the first paragraph of this sub-section: MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the funds net assets in value companies. Value companies are companies that MFS believes are undervalued compared to their perceived worth in the marketplace. MFS considers a number of factors when determining whether a company is undervalued, including whether (i) the issuer is included in an index which is representative of value companies; (ii) the issuer is classified as a value company by an independent third party financial data provider and/or (iii) the issuer exhibits the characteristics of a value company, considering metrics such as such as price-to-book ratio, price-to-earnings ratio, and dividend yield relative to the applicable equity market and/or sector of the applicable equity market.
Value companies tend to have stock prices that are low relative to their earnings, dividends, assets, or other financial measures. MFS normally invests the funds assets primarily in equity securities. Equity securities include common stocks, depositary receipts, equity interests in real estate investment trusts (REITs), and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. Effective June 10, 2026, the following sentence is deleted in its entirety: MFS focuses on investing the fund's assets in the stocks of companies it believes are undervalued compared to their perceived worth (value companies). While MFS may invest the funds assets in securities of companies of any size, MFS primarily invests in securities of companies with small capitalizations.
MFS may invest the funds assets in foreign securities. MFS normally invests the fund's assets across different industries and sectors, but MFS may invest a significant percentage of the fund's assets in issuers in a single industry or sector. MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual issuers. Quantitative screening tools that systematically evaluate issuers may also be considered. Effective June 10, 2026, the following sentence is added as the last paragraph of this sub-section: For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
SCDSX Holdings
Top 10 holdings of MFS New Discovery Value Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JP Morgan US Government Money Market Fund | 3.71% |
| MFS Institutional Money Market Portfolio | 1.47% |
| Element Solutions Inc | 1.38% |
| Prosperity Bancshares Inc | 1.24% |
| Cathay General Bancorp | 1.24% |
| Columbia Banking System Inc | 1.23% |
| United Community Banks Inc/GA | 1.22% |
| First Interstate BancSystem Inc | 1.20% |
| First Hawaiian Inc | 1.18% |
| Plains GP Holdings LP | 1.18% |
SCDSX Portfolio Allocation
Asset-class allocation of MFS New Discovery Value Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
| Cash & Equivalents | 3.7% |
SCDSX Performance
Total returns for SCDSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 15.3% |
| 1 year | 22.5% |
| 3 years (annualised) | 12.1% |
| 5 years (annualised) | 6.6% |
SCDSX Risk Information
Risk metrics for SCDSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.2%
SCDSX Costs and Fees
SCDSX costs about $88 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.88%
- Gross expense ratio: 1.21%
- Portfolio turnover: 50%
- Brokerage commissions: 4.21 bps of average net assets (SEC N-CEN)
SCDSX Cashflows
Over the 12 months to 2026-06, MFS New Discovery Value Portfolio had net outflows of $3.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$818.25K |
| 2026-05 | −$522.13K |
| 2026-04 | −$1.04M |
| 2026-03 | −$48.75K |
| 2026-02 | −$998.03K |
| 2026-01 | −$880.63K |
SCDSX Debt Constituents
No individual debt constituents are reported in MFS New Discovery Value Portfolio's latest SEC N-PORT filing.
SCDSX Prospectus and SEC Filings
Official MFS New Discovery Value Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.