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 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
5.6%
1 yr return
16.1%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
0.8%
Net Assets
$4.4 B
Holdings in Top 10
8.5%
Expense Ratio 1.03%
Front Load N/A
Deferred Load N/A
Turnover 37.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the fund’s net assets in corporate debt instruments. MFS may also invest the fund's assets in U.S. Government securities.
MFS invests the majority of the fund’s assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.
MFS may invest the fund’s 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.
While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, 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. Derivatives include futures, forward contracts, options, and swaps.
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 instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.
For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
Period | MBRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.6% | 0.9% | 7.8% | 74.86% |
1 Yr | 16.1% | 2.6% | 24.8% | 56.00% |
3 Yr | -1.7%* | -9.6% | 41.5% | 70.69% |
5 Yr | 0.8%* | -7.1% | 26.1% | 76.88% |
10 Yr | 2.4%* | 0.4% | 14.6% | 71.00% |
* Annualized
Period | MBRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -5.6% | 6.3% | 29.14% |
2022 | -19.2% | -28.7% | 142.1% | 64.94% |
2021 | -6.8% | -12.3% | 4.9% | 93.57% |
2020 | 7.2% | -8.0% | 10.6% | 20.36% |
2019 | 10.9% | 4.3% | 13.4% | 28.03% |
Period | MBRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.6% | 0.9% | 7.8% | 74.86% |
1 Yr | 16.1% | 2.6% | 24.8% | 56.00% |
3 Yr | -1.7%* | -9.6% | 41.5% | 70.69% |
5 Yr | 0.8%* | -7.1% | 26.1% | 76.88% |
10 Yr | 2.4%* | 0.4% | 14.6% | 71.00% |
* Annualized
Period | MBRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.0% | -5.6% | 12.9% | 27.43% |
2022 | -16.7% | -25.6% | 151.8% | 79.89% |
2021 | -1.6% | -5.1% | 7.5% | 85.38% |
2020 | 11.0% | -8.0% | 116.0% | 36.53% |
2019 | 14.2% | 6.7% | 17.4% | 50.96% |
MBRRX | Category Low | Category High | MBRRX % Rank | |
---|---|---|---|---|
Net Assets | 4.4 B | 4.83 M | 47.3 B | 13.71% |
Number of Holdings | 403 | 4 | 10344 | 69.71% |
Net Assets in Top 10 | 385 M | -29.6 M | 2.56 B | 22.86% |
Weighting of Top 10 | 8.53% | 1.6% | 143.7% | 83.43% |
Weighting | Return Low | Return High | MBRRX % Rank | |
---|---|---|---|---|
Bonds | 97.10% | 0.00% | 136.47% | 54.86% |
Convertible Bonds | 6.60% | 0.00% | 78.47% | 25.71% |
Cash | 2.44% | -43.80% | 45.89% | 44.00% |
Other | 0.46% | -4.61% | 11.28% | 48.00% |
Stocks | 0.00% | 0.00% | 99.97% | 69.14% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 69.71% |
Weighting | Return Low | Return High | MBRRX % Rank | |
---|---|---|---|---|
Corporate | 74.94% | 41.80% | 99.52% | 80.00% |
Government | 20.45% | 0.00% | 25.63% | 10.29% |
Securitized | 1.78% | 0.00% | 23.18% | 40.57% |
Cash & Equivalents | 1.72% | 0.00% | 45.89% | 40.00% |
Municipal | 1.15% | 0.00% | 3.62% | 9.14% |
Derivative | 0.07% | -2.67% | 2.11% | 33.14% |
Weighting | Return Low | Return High | MBRRX % Rank | |
---|---|---|---|---|
US | 97.10% | 0.00% | 110.12% | 51.43% |
Non US | 0.00% | 0.00% | 47.05% | 73.71% |
MBRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.03% | 0.03% | 4.56% | 27.33% |
Management Fee | 0.38% | 0.00% | 1.35% | 60.57% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 60.53% |
Administrative Fee | N/A | 0.02% | 0.45% | N/A |
MBRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
MBRRX 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.
MBRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 37.00% | 0.00% | 259.00% | 29.48% |
MBRRX | Category Low | Category High | MBRRX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.08% | 0.00% | 6.00% | 65.71% |
MBRRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
MBRRX | Category Low | Category High | MBRRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.18% | 0.38% | 5.93% | 56.07% |
MBRRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Date | Amount | Type |
---|---|---|
Aug 30, 2024 | $0.043 | OrdinaryDividend |
Jul 31, 2024 | $0.043 | OrdinaryDividend |
Apr 30, 2024 | $0.043 | OrdinaryDividend |
Mar 28, 2024 | $0.042 | OrdinaryDividend |
Mar 01, 2024 | $0.042 | OrdinaryDividend |
Feb 01, 2024 | $0.041 | OrdinaryDividend |
Dec 28, 2023 | $0.041 | OrdinaryDividend |
Nov 30, 2023 | $0.041 | OrdinaryDividend |
Oct 31, 2023 | $0.040 | OrdinaryDividend |
Sep 29, 2023 | $0.039 | OrdinaryDividend |
Aug 31, 2023 | $0.038 | OrdinaryDividend |
Jul 31, 2023 | $0.036 | OrdinaryDividend |
Jun 30, 2023 | $0.036 | OrdinaryDividend |
May 31, 2023 | $0.036 | OrdinaryDividend |
Apr 28, 2023 | $0.036 | OrdinaryDividend |
Mar 31, 2023 | $0.035 | OrdinaryDividend |
Feb 28, 2023 | $0.033 | OrdinaryDividend |
Jan 31, 2023 | $0.034 | OrdinaryDividend |
Dec 30, 2022 | $0.033 | OrdinaryDividend |
Dec 06, 2022 | $0.011 | CapitalGainLongTerm |
Nov 30, 2022 | $0.032 | OrdinaryDividend |
Oct 31, 2022 | $0.031 | OrdinaryDividend |
Sep 30, 2022 | $0.030 | OrdinaryDividend |
Aug 31, 2022 | $0.030 | OrdinaryDividend |
Jul 29, 2022 | $0.029 | OrdinaryDividend |
Jun 30, 2022 | $0.029 | OrdinaryDividend |
May 31, 2022 | $0.028 | OrdinaryDividend |
Apr 29, 2022 | $0.027 | OrdinaryDividend |
Mar 31, 2022 | $0.026 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 31, 2022 | $0.025 | OrdinaryDividend |
Dec 31, 2021 | $0.025 | OrdinaryDividend |
Dec 07, 2021 | $0.026 | CapitalGainShortTerm |
Dec 07, 2021 | $0.428 | CapitalGainLongTerm |
Nov 30, 2021 | $0.026 | OrdinaryDividend |
Oct 29, 2021 | $0.028 | OrdinaryDividend |
Sep 30, 2021 | $0.029 | OrdinaryDividend |
Aug 31, 2021 | $0.029 | OrdinaryDividend |
Jul 30, 2021 | $0.029 | OrdinaryDividend |
Jun 30, 2021 | $0.029 | OrdinaryDividend |
May 28, 2021 | $0.028 | OrdinaryDividend |
Apr 30, 2021 | $0.028 | OrdinaryDividend |
Mar 31, 2021 | $0.028 | OrdinaryDividend |
Feb 26, 2021 | $0.028 | OrdinaryDividend |
Jan 29, 2021 | $0.028 | OrdinaryDividend |
Dec 31, 2020 | $0.028 | OrdinaryDividend |
Dec 08, 2020 | $0.030 | CapitalGainShortTerm |
Dec 08, 2020 | $0.114 | CapitalGainLongTerm |
Nov 30, 2020 | $0.028 | OrdinaryDividend |
Oct 30, 2020 | $0.029 | OrdinaryDividend |
Sep 30, 2020 | $0.030 | OrdinaryDividend |
Aug 31, 2020 | $0.031 | OrdinaryDividend |
Jul 31, 2020 | $0.031 | OrdinaryDividend |
Jun 30, 2020 | $0.031 | OrdinaryDividend |
May 29, 2020 | $0.031 | OrdinaryDividend |
Apr 30, 2020 | $0.032 | OrdinaryDividend |
Mar 31, 2020 | $0.031 | OrdinaryDividend |
Feb 28, 2020 | $0.031 | OrdinaryDividend |
Jan 31, 2020 | $0.031 | OrdinaryDividend |
Dec 31, 2019 | $0.031 | OrdinaryDividend |
Nov 29, 2019 | $0.032 | OrdinaryDividend |
Oct 31, 2019 | $0.033 | OrdinaryDividend |
Sep 30, 2019 | $0.034 | OrdinaryDividend |
Aug 30, 2019 | $0.035 | OrdinaryDividend |
Jul 31, 2019 | $0.035 | OrdinaryDividend |
Jun 28, 2019 | $0.035 | OrdinaryDividend |
Dec 11, 2015 | $0.005 | CapitalGainShortTerm |
Dec 11, 2015 | $0.030 | CapitalGainLongTerm |
Dec 02, 2013 | $0.004 | CapitalGainShortTerm |
Dec 02, 2013 | $0.031 | CapitalGainLongTerm |
Nov 02, 2004 | $0.055 | OrdinaryDividend |
Oct 04, 2004 | $0.055 | OrdinaryDividend |
Sep 02, 2004 | $0.055 | OrdinaryDividend |
Aug 03, 2004 | $0.055 | OrdinaryDividend |
Jul 02, 2004 | $0.055 | OrdinaryDividend |
Jun 02, 2004 | $0.054 | OrdinaryDividend |
May 04, 2004 | $0.053 | OrdinaryDividend |
Apr 02, 2004 | $0.053 | OrdinaryDividend |
Mar 02, 2004 | $0.054 | OrdinaryDividend |
Feb 03, 2004 | $0.054 | OrdinaryDividend |
Jan 02, 2004 | $0.054 | OrdinaryDividend |
Dec 02, 2003 | $0.054 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 05, 2017
5.16
5.2%
Alexander M. Mackey, CFA, is an investment officer and fixed income portfolio manager with MFS Investment Management(r) (MFS(r)). He has portfolio management responsibilities on the firm's limited duration and multi-sector fixed income strategies. He also has research analyst responsibilities. Alexander joined MFS in 1998 as a financial control assistant and was promoted to section manager in 2000. He joined the Fixed Income Department as a research associate in 2001 was promoted to fixed income research analyst in 2004. He took on portfolio management responsibilities in 2017. Alexander has a bachelor's degree from Trinity College and holds the Chartered Financial Analyst (CFA) designation. He is a member of the CFA Society of Boston.
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Henry Peabody, CFA - Investment Officer - Fixed Income Portfolio Manager - As a Fixed Income Portfolio Manager, responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2019 - Previous experience includes 6 years as Vice President, Portfolio Manager and Research Analyst at Eaton Vance Management; 3 years as Vice President, Research Analyst at Merganser Capital Management; 6 years as Research Analyst and Trader at Emerson Investment Management. - Member of several portfolio management teams, primarily focused on US credit investing in core, core plus, global aggregate, global aggregate opportunistic and global credit strategies - Affiliations include Boston Security Analyst's Society, CFA Institute - Boston College, Carroll School of Management, Master of Business Administration - Trinity College, Bachelor of Arts
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.74 | 4.41 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...