Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
9.1%
1 yr return
12.8%
3 Yr Avg Return
4.3%
5 Yr Avg Return
4.3%
Net Assets
$132 M
Holdings in Top 10
18.6%
Expense Ratio 1.82%
Front Load N/A
Deferred Load N/A
Turnover 44.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFS (Massachusetts Financial Services Company, the fund's investment adviser) seeks to achieve a total rate of return for the fund that meets or exceeds the ICE BofA 0-3 Month U.S. Treasury Bill Index plus 2% to 4%, net of fund expenses, over a full market cycle.
MFS seeks to achieve the fund's objective by generating returns from a combination of (1) individual security selection of U.S. and foreign equity securities and debt instruments and (2) a tactical asset allocation overlay primarily using derivative instruments to manage the fund's exposure to asset classes, markets, and currencies. Derivatives include futures, forward contracts, options, and swaps.
The fund normally has exposure to at least three different countries and typically has significant long and/or short exposure to foreign securities and foreign currencies.
The fund’s performance may not be correlated with the performance of the asset classes, markets, or currencies represented by the individual investments selected by MFS.
Individual Security Selection:In selecting direct investments for the fund, MFS normally invests the fund's assets in a combination of equity securities and debt instruments. MFS generally invests approximately 20% of the fund's assets in debt instruments and the remainder of the fund's assets in equity securities and cash and/or cash equivalents. These allocations may vary from time to time.
Equity securities include common stocks, convertible securities, and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. Debt instruments include corporate bonds, U.S. Government securities, foreign government securities, and other obligations to repay money borrowed.
MFS invests the fund’s assets in U.S. and foreign securities, including emerging market securities.
MFS generally seeks to diversify the fund’s equity investments in terms of market capitalization (e.g., small, medium, large cap), style (e.g., growth, value), investment process (e.g., fundamental, quantitative), and geography (e.g., U.S., foreign) based on expected risk, return, hedging costs (i.e., costs to adjust the fund's market exposure), and other factors. These allocations may vary from time to time.
Of the fund's investments in debt instruments, MFS primarily invests the fund’s assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.
While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives as part of its individual security selection process, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments.
A team of investment professionals selects investments for the fund. MFS allocates the fund's assets to investment professionals by investment strategy.
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 and instruments. Quantitative screening tools that systematically evaluate issuers and instruments are used by certain of the fund's equity securities investment professionals and may also be considered by the fund's other investment professionals.
Tactical Asset Allocation Overlay: MFS employs a top-down tactical asset allocation process primarily through the use of derivative instruments to adjust the fund’s exposure to asset classes, markets, and currencies based on its assessment of the relative attractiveness of such asset classes, markets, and currencies. MFS manages the fund's exposure to such asset classes, markets and currencies primarily based on its proprietary quantitative models. MFS may also consider current market conditions, its qualitative assessment of the risk/return characteristics of asset classes, markets, and/or currencies, and other factors in structuring the portfolio.
In managing the tactical overlay, MFS may increase or decrease the fund's exposure to asset classes, markets, and/or currencies resulting from MFS’ individual security selection based on MFS' assessment of the risk/return potential of such asset classes, markets, and/or currencies. After taking into account the tactical overlay, the fund's exposure to various asset classes, markets, and/or currencies may vary significantly from time to time. Additionally, after taking into account the tactical overlay, the fund's exposure to any particular asset class may at times be negative and the fund's exposure to any particular asset class may at times be more than 100%. MFS may also expose the fund to asset classes, markets, and/or currencies in
which MFS' individual security selection has resulted in no or little exposure (e.g., the high yield bond market).
MFS may adjust the fund’s net exposure to asset classes, markets, and/or currencies by taking net short positions in an asset class, market, or currency if MFS believes the risk/return potential of such asset class, market, or currency is unattractive. Alternatively, MFS may cause the fund to take net long positions in an asset class, market, or currency if MFS believes such asset class, market, or currency appears attractive.
After taking into account the tactical overlay, the fund may have significant exposure to issuers in a single sector, industry, country, or region.
MFS' tactical asset allocation process for the fund will typically make extensive use of derivatives.
Period | DVRHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.1% | -73.0% | 19.4% | 82.80% |
1 Yr | 12.8% | -9.1% | 86.9% | 49.09% |
3 Yr | 4.3%* | -9.5% | 16.2% | 30.52% |
5 Yr | 4.3%* | -4.9% | 14.4% | 45.74% |
10 Yr | 3.1%* | -0.9% | 7.5% | 24.47% |
* Annualized
Period | DVRHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -22.7% | 305.1% | 28.52% |
2022 | -5.7% | -9.8% | 27.3% | 6.05% |
2021 | 3.0% | -20.8% | 10.9% | 6.22% |
2020 | 4.0% | -12.4% | 29.4% | 42.08% |
2019 | 11.8% | -10.5% | 15.8% | 97.38% |
Period | DVRHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.1% | -73.0% | 19.4% | 82.80% |
1 Yr | 12.8% | -13.4% | 86.9% | 45.09% |
3 Yr | 4.3%* | -9.5% | 16.2% | 28.51% |
5 Yr | 4.3%* | -5.3% | 14.4% | 40.36% |
10 Yr | 3.1%* | -0.9% | 7.5% | 23.40% |
* Annualized
Period | DVRHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.8% | -22.7% | 305.1% | 28.89% |
2022 | -5.7% | -9.8% | 27.3% | 6.05% |
2021 | 3.2% | -20.8% | 10.9% | 10.22% |
2020 | 4.0% | -8.4% | 29.4% | 42.57% |
2019 | 12.5% | -10.2% | 18.0% | 93.19% |
DVRHX | Category Low | Category High | DVRHX % Rank | |
---|---|---|---|---|
Net Assets | 132 M | 1.5 M | 5.01 B | 50.92% |
Number of Holdings | 1058 | 4 | 4478 | 18.73% |
Net Assets in Top 10 | 25.4 M | -398 M | 2.55 B | 96.11% |
Weighting of Top 10 | 18.61% | 13.1% | 100.0% | 27.06% |
Weighting | Return Low | Return High | DVRHX % Rank | |
---|---|---|---|---|
Stocks | 74.05% | -3.75% | 97.95% | 49.47% |
Bonds | 19.39% | -326.45% | 6347.80% | 78.09% |
Cash | 8.25% | -6278.21% | 410.43% | 12.37% |
Convertible Bonds | 1.89% | 0.00% | 87.92% | 32.51% |
Preferred Stocks | 0.00% | -0.12% | 46.97% | 64.31% |
Other | -1.75% | -21.53% | 148.54% | 79.86% |
Weighting | Return Low | Return High | DVRHX % Rank | |
---|---|---|---|---|
Technology | 20.51% | 0.00% | 39.58% | 40.94% |
Financial Services | 13.31% | 0.00% | 59.28% | 52.36% |
Healthcare | 12.94% | 0.00% | 45.63% | 42.91% |
Industrials | 12.81% | 0.00% | 21.45% | 16.54% |
Consumer Defense | 10.02% | 0.00% | 13.62% | 15.35% |
Consumer Cyclical | 9.39% | 0.00% | 29.09% | 72.83% |
Communication Services | 5.95% | 0.00% | 21.78% | 48.03% |
Basic Materials | 5.43% | 0.00% | 27.46% | 36.61% |
Real Estate | 3.30% | 0.00% | 51.26% | 31.50% |
Energy | 3.29% | 0.00% | 100.00% | 46.06% |
Utilities | 3.05% | 0.00% | 9.23% | 39.37% |
Weighting | Return Low | Return High | DVRHX % Rank | |
---|---|---|---|---|
US | 52.08% | -8.85% | 91.88% | 97.53% |
Non US | 21.97% | -19.62% | 42.11% | 5.30% |
Weighting | Return Low | Return High | DVRHX % Rank | |
---|---|---|---|---|
Government | 18.64% | 0.00% | 84.29% | 60.78% |
Corporate | 17.53% | 0.00% | 87.73% | 44.17% |
Cash & Equivalents | 6.47% | 0.27% | 100.00% | 91.52% |
Securitized | 0.40% | 0.00% | 56.83% | 74.20% |
Municipal | 0.32% | 0.00% | 27.33% | 13.43% |
Derivative | -1.86% | 0.00% | 88.81% | 5.30% |
Weighting | Return Low | Return High | DVRHX % Rank | |
---|---|---|---|---|
US | 19.39% | -126.19% | 6311.18% | 68.90% |
Non US | 0.00% | -382.37% | 121.02% | 91.17% |
DVRHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.82% | 0.29% | 31.15% | 58.99% |
Management Fee | 0.80% | 0.00% | 2.50% | 32.86% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 70.27% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
DVRHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
DVRHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DVRHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 44.00% | 0.00% | 491.00% | 30.65% |
DVRHX | Category Low | Category High | DVRHX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.72% | 0.00% | 4.56% | 43.46% |
DVRHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
DVRHX | Category Low | Category High | DVRHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.13% | -2.51% | 6.83% | 54.68% |
DVRHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.094 | OrdinaryDividend |
Dec 13, 2022 | $0.008 | OrdinaryDividend |
Dec 14, 2021 | $0.025 | OrdinaryDividend |
Dec 17, 2019 | $0.069 | OrdinaryDividend |
Dec 18, 2018 | $0.014 | OrdinaryDividend |
Dec 19, 2017 | $0.177 | OrdinaryDividend |
Dec 20, 2016 | $0.239 | OrdinaryDividend |
Dec 17, 2015 | $0.065 | OrdinaryDividend |
Dec 19, 2014 | $0.073 | OrdinaryDividend |
Dec 18, 2013 | $0.118 | OrdinaryDividend |
Dec 19, 2012 | $0.242 | OrdinaryDividend |
Dec 16, 2011 | $0.255 | OrdinaryDividend |
Dec 17, 2010 | $0.204 | OrdinaryDividend |
Dec 12, 2008 | $0.374 | CapitalGainShortTerm |
Dec 12, 2008 | $1.535 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Nov 07, 2007
14.57
14.6%
Natalie I. Shapiro, Ph.D. is an Investment Officer, Portfolio Manager and Quantitative Fixed Income Research Analyst at MFS Investment Management® (MFS®). Prior to joining MFS in 1997, Natalie served as a research associate for the Federal Reserve Bank of Boston. Natalie has earned a bachelor's degree from Wellesley College and a doctorate from the University of Pennsylvania.
Start Date
Tenure
Tenure Rank
Apr 30, 2014
8.09
8.1%
Benjamin R. Nastou, CFA, is an investment officer, portfolio manager and quantitative research analyst at MFS Investment Management® (MFS®). He is a member of the portfolio management teams of the firm's commodity and global multi-asset strategies. Ben joined MFS in 2001 as a fixed income research associate and was promoted to quantitative research analyst in 2003. He was named portfolio manager in 2010. Ben has a bachelor's degree from Dartmouth College. He is a member of the Boston Security Analysts Society, Inc., and holds the Chartered Financial Analyst designation from the CFA Institute.
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |
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