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MFS Government Securities Fund
mutual fund
MFGDX
Payout Change
Pending
Price as of:
$8.64
-0.01
-0.12%
primary theme
Intermediate-Term U.S. Treasury Bond
MFGDX (Mutual Fund)
MFS Government Securities Fund
Payout Change
Pending
Price as of:
$8.64
-0.01
-0.12%
primary theme
Intermediate-Term U.S. Treasury Bond
MFGDX (Mutual Fund)
MFS Government Securities Fund
Payout Change
Pending
Price as of:
$8.64
-0.01
-0.12%
primary theme
Intermediate-Term U.S. Treasury Bond
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.5%
1 yr return
3.8%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
-1.4%
Net Assets
$2.14 B
Holdings in Top 10
28.6%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.52%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 398.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MFGDX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return -1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.01%
- Dividend Yield 2.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Government Securities Fund
-
Fund Family NameMFS Funds
-
Inception DateMar 19, 1998
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeoffrey Schechter
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in U.S. Government securities. MFS may also invest the fund's assets in other debt instruments.
U.S. Government securities are securities issued or guaranteed by the U.S. Treasury, by an agency or instrumentality of the U.S. Government, or by a U.S. Government-sponsored entity, including mortgage-backed securities and other types of securitized instruments issued or guaranteed by such entities.
MFS generally invests substantially all of the fund’s assets in investment grade quality debt instruments.
MFS may purchase or sell securities for the fund on a when-issued, delayed delivery, or forward commitment basis where payment and delivery take place at a future settlement date, including mortgage-backed securities purchased or sold in the to be announced (TBA) market.
MFS may invest the fund’s assets in foreign securities.
MFS may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.
MFS may engage in active and frequent trading in pursuing the fund’s principal investment strategies.
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.
MFGDX - Performance
Return Ranking - Trailing
| Period | MFGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -3.9% | 27.5% | 92.41% |
| 1 Yr | 3.8% | -4.4% | 32.7% | 90.18% |
| 3 Yr | -3.2%* | -7.4% | 12.1% | 94.62% |
| 5 Yr | -1.4%* | -5.7% | 3.3% | 92.92% |
| 10 Yr | -0.3%* | -2.2% | 3.4% | 93.37% |
* Annualized
Return Ranking - Calendar
| Period | MFGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.8% | -1.0% | 22.1% | 66.96% |
| 2022 | -13.6% | -20.4% | -5.8% | 53.36% |
| 2021 | -3.2% | -7.1% | 16.6% | 51.83% |
| 2020 | 4.4% | -1.3% | 8.8% | 28.30% |
| 2019 | 3.9% | 0.3% | 7.1% | 22.97% |
Total Return Ranking - Trailing
| Period | MFGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -3.9% | 27.5% | 92.41% |
| 1 Yr | 3.8% | -4.4% | 32.7% | 90.18% |
| 3 Yr | -3.2%* | -7.4% | 12.1% | 94.62% |
| 5 Yr | -1.4%* | -5.7% | 3.3% | 92.92% |
| 10 Yr | -0.3%* | -2.2% | 3.4% | 93.37% |
* Annualized
Total Return Ranking - Calendar
| Period | MFGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.3% | -0.5% | 28.8% | 85.27% |
| 2022 | -13.0% | -18.5% | -3.3% | 86.55% |
| 2021 | -2.9% | -4.5% | 25.3% | 91.74% |
| 2020 | 5.7% | -1.3% | 13.0% | 60.85% |
| 2019 | 5.4% | 1.8% | 11.3% | 71.77% |
NAV & Total Return History
MFGDX - Holdings
Concentration Analysis
| MFGDX | Category Low | Category High | MFGDX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.14 B | 8.69 M | 134 B | 35.27% |
| Number of Holdings | 783 | 13 | 12380 | 32.14% |
| Net Assets in Top 10 | 590 M | 5.7 M | 55.6 B | 40.18% |
| Weighting of Top 10 | 28.56% | 6.2% | 99.3% | 65.63% |
Top 10 Holdings
- MFS Institutional Money Market Portfolio, Class A 4.92%
- U.S. Treasury Notes 4.16%
- U.S. Treasury Bonds 3.56%
- U.S. Treasury Bonds 3.52%
- U.S. Treasury Notes 2.53%
- U.S. Treasury Notes 2.42%
- U.S. Treasury Notes 2.06%
- U.S. Treasury Notes 1.86%
- U.S. Treasury Notes 1.77%
- U.S. Treasury Notes 1.77%
Asset Allocation
| Weighting | Return Low | Return High | MFGDX % Rank | |
|---|---|---|---|---|
| Bonds | 96.17% | 0.03% | 161.75% | 86.16% |
| Cash | 4.92% | -20.28% | 28.09% | 31.25% |
| Other | 2.63% | -20.46% | 42.16% | 21.43% |
| Stocks | 0.00% | 0.00% | 95.39% | 53.57% |
| Preferred Stocks | 0.00% | 0.00% | 0.11% | 53.57% |
| Convertible Bonds | 0.00% | 0.00% | 3.29% | 54.02% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MFGDX % Rank | |
|---|---|---|---|---|
| Government | 48.65% | 0.00% | 100.00% | 35.71% |
| Securitized | 46.71% | 0.00% | 99.79% | 62.05% |
| Cash & Equivalents | 4.92% | 0.00% | 28.09% | 31.25% |
| Municipal | 1.44% | 0.00% | 5.24% | 10.27% |
| Corporate | 0.57% | 0.00% | 9.48% | 14.73% |
| Derivative | -0.16% | -12.53% | 3.25% | 95.54% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MFGDX % Rank | |
|---|---|---|---|---|
| US | 96.17% | 0.03% | 161.75% | 86.16% |
| Non US | 0.00% | 0.00% | 2.20% | 53.57% |
MFGDX - Expenses
Operational Fees
| MFGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.52% | 0.03% | 2.85% | 12.11% |
| Management Fee | 0.37% | 0.00% | 0.85% | 59.38% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 92.31% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| MFGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 4.50% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.50% | 62.96% |
Trading Fees
| MFGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
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.
| MFGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 398.00% | 3.35% | 948.00% | 90.00% |
MFGDX - Distributions
Dividend Yield Analysis
| MFGDX | Category Low | Category High | MFGDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.86% | 0.00% | 4.94% | 82.14% |
Dividend Distribution Analysis
| MFGDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MFGDX | Category Low | Category High | MFGDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.01% | -0.80% | 2.96% | 87.89% |
Capital Gain Distribution Analysis
| MFGDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.021 | OrdinaryDividend |
| Oct 31, 2024 | $0.022 | OrdinaryDividend |
| Sep 30, 2024 | $0.023 | OrdinaryDividend |
| Aug 30, 2024 | $0.023 | OrdinaryDividend |
| Jul 31, 2024 | $0.023 | OrdinaryDividend |
| Apr 30, 2024 | $0.021 | OrdinaryDividend |
| Mar 28, 2024 | $0.021 | OrdinaryDividend |
| Feb 29, 2024 | $0.020 | OrdinaryDividend |
| Jan 31, 2024 | $0.020 | OrdinaryDividend |
| Dec 29, 2023 | $0.020 | OrdinaryDividend |
| Nov 30, 2023 | $0.020 | OrdinaryDividend |
| Oct 31, 2023 | $0.020 | OrdinaryDividend |
| Sep 29, 2023 | $0.018 | OrdinaryDividend |
| Aug 31, 2023 | $0.018 | OrdinaryDividend |
| Jul 31, 2023 | $0.018 | OrdinaryDividend |
| Jun 30, 2023 | $0.017 | OrdinaryDividend |
| May 31, 2023 | $0.016 | OrdinaryDividend |
| Apr 28, 2023 | $0.016 | OrdinaryDividend |
| Mar 31, 2023 | $0.013 | OrdinaryDividend |
| Feb 28, 2023 | $0.013 | OrdinaryDividend |
| Jan 31, 2023 | $0.012 | OrdinaryDividend |
| Dec 30, 2022 | $0.012 | OrdinaryDividend |
| Nov 30, 2022 | $0.011 | OrdinaryDividend |
| Oct 31, 2022 | $0.010 | OrdinaryDividend |
| Sep 30, 2022 | $0.008 | OrdinaryDividend |
| Aug 31, 2022 | $0.007 | OrdinaryDividend |
| Jul 29, 2022 | $0.005 | OrdinaryDividend |
| Jun 30, 2022 | $0.005 | OrdinaryDividend |
| May 31, 2022 | $0.004 | OrdinaryDividend |
| Apr 29, 2022 | $0.003 | OrdinaryDividend |
| Mar 31, 2022 | $0.001 | OrdinaryDividend |
| Feb 28, 2022 | $0.000 | OrdinaryDividend |
| Jan 31, 2022 | $0.000 | OrdinaryDividend |
| Dec 31, 2021 | $0.001 | OrdinaryDividend |
| Nov 30, 2021 | $0.001 | OrdinaryDividend |
| Oct 29, 2021 | $0.001 | OrdinaryDividend |
| Sep 30, 2021 | $0.001 | OrdinaryDividend |
| Aug 31, 2021 | $0.002 | OrdinaryDividend |
| Jul 30, 2021 | $0.003 | OrdinaryDividend |
| Jun 30, 2021 | $0.002 | OrdinaryDividend |
| May 28, 2021 | $0.003 | OrdinaryDividend |
| Apr 30, 2021 | $0.004 | OrdinaryDividend |
| Mar 31, 2021 | $0.004 | OrdinaryDividend |
| Feb 26, 2021 | $0.004 | OrdinaryDividend |
| Jan 29, 2021 | $0.005 | OrdinaryDividend |
| Dec 31, 2020 | $0.005 | OrdinaryDividend |
| Nov 30, 2020 | $0.006 | OrdinaryDividend |
| Oct 30, 2020 | $0.006 | OrdinaryDividend |
| Sep 30, 2020 | $0.007 | OrdinaryDividend |
| Aug 31, 2020 | $0.008 | OrdinaryDividend |
| Jul 31, 2020 | $0.009 | OrdinaryDividend |
| Jun 30, 2020 | $0.011 | OrdinaryDividend |
| May 29, 2020 | $0.012 | OrdinaryDividend |
| Apr 30, 2020 | $0.012 | OrdinaryDividend |
| Mar 31, 2020 | $0.012 | OrdinaryDividend |
| Feb 28, 2020 | $0.012 | OrdinaryDividend |
| Jan 31, 2020 | $0.012 | OrdinaryDividend |
| Dec 31, 2019 | $0.011 | OrdinaryDividend |
| Nov 29, 2019 | $0.011 | OrdinaryDividend |
| Oct 31, 2019 | $0.011 | OrdinaryDividend |
| Sep 30, 2019 | $0.011 | OrdinaryDividend |
| Aug 30, 2019 | $0.011 | OrdinaryDividend |
| Jul 31, 2019 | $0.011 | OrdinaryDividend |
| Jun 28, 2019 | $0.011 | OrdinaryDividend |
| Jun 03, 2013 | $0.032 | CapitalGainShortTerm |
| Jun 01, 2012 | $0.007 | CapitalGainShortTerm |
| Jun 01, 2012 | $0.041 | CapitalGainLongTerm |
| Nov 02, 2004 | $0.025 | OrdinaryDividend |
| Oct 04, 2004 | $0.025 | OrdinaryDividend |
| Sep 02, 2004 | $0.024 | OrdinaryDividend |
| Aug 03, 2004 | $0.024 | OrdinaryDividend |
| Jul 02, 2004 | $0.025 | OrdinaryDividend |
| Jun 02, 2004 | $0.024 | OrdinaryDividend |
| May 04, 2004 | $0.025 | OrdinaryDividend |
| Apr 02, 2004 | $0.020 | OrdinaryDividend |
| Mar 02, 2004 | $0.020 | OrdinaryDividend |
| Feb 03, 2004 | $0.020 | OrdinaryDividend |
| Jan 02, 2004 | $0.024 | OrdinaryDividend |
| Dec 02, 2003 | $0.028 | OrdinaryDividend |
| Nov 04, 2003 | $0.029 | OrdinaryDividend |
| Oct 02, 2003 | $0.029 | OrdinaryDividend |
| Sep 03, 2003 | $0.031 | OrdinaryDividend |
| Aug 04, 2003 | $0.031 | OrdinaryDividend |
| Jul 02, 2003 | $0.032 | OrdinaryDividend |
| Jun 03, 2003 | $0.032 | OrdinaryDividend |
| May 02, 2003 | $0.032 | OrdinaryDividend |
| Apr 02, 2003 | $0.034 | OrdinaryDividend |
| Mar 04, 2003 | $0.034 | OrdinaryDividend |
| Feb 04, 2003 | $0.035 | OrdinaryDividend |
| Jan 01, 2003 | $0.035 | OrdinaryDividend |
| Dec 03, 2002 | $0.035 | OrdinaryDividend |
| Nov 02, 2002 | $0.034 | OrdinaryDividend |
| Oct 02, 2002 | $0.037 | OrdinaryDividend |
| Sep 04, 2002 | $0.037 | OrdinaryDividend |
| Aug 02, 2002 | $0.039 | OrdinaryDividend |
| Jul 02, 2002 | $0.039 | OrdinaryDividend |
| Jun 04, 2002 | $0.040 | OrdinaryDividend |
| May 02, 2002 | $0.040 | OrdinaryDividend |
| Apr 02, 2002 | $0.040 | OrdinaryDividend |
| Mar 02, 2002 | $0.041 | OrdinaryDividend |
| Feb 02, 2002 | $0.040 | OrdinaryDividend |
| Jan 01, 2002 | $0.040 | OrdinaryDividend |
| Dec 04, 2001 | $0.039 | OrdinaryDividend |
| Nov 02, 2001 | $0.039 | OrdinaryDividend |
| Oct 02, 2001 | $0.040 | OrdinaryDividend |
| Sep 04, 2001 | $0.040 | OrdinaryDividend |
| Aug 03, 2001 | $0.042 | OrdinaryDividend |
| Jul 05, 2001 | $0.043 | OrdinaryDividend |
| Jun 05, 2001 | $0.042 | OrdinaryDividend |
| May 03, 2001 | $0.043 | OrdinaryDividend |
| Apr 04, 2001 | $0.044 | OrdinaryDividend |
| Mar 05, 2001 | $0.043 | OrdinaryDividend |
| Feb 05, 2001 | $0.042 | OrdinaryDividend |
| Jan 04, 2001 | $0.043 | OrdinaryDividend |
| Dec 05, 2000 | $0.043 | OrdinaryDividend |
| Nov 03, 2000 | $0.045 | OrdinaryDividend |
| Oct 04, 2000 | $0.044 | OrdinaryDividend |
| Sep 06, 2000 | $0.045 | OrdinaryDividend |
| Aug 03, 2000 | $0.046 | OrdinaryDividend |
| Jul 06, 2000 | $0.046 | OrdinaryDividend |
| Jun 05, 2000 | $0.045 | OrdinaryDividend |
| May 03, 2000 | $0.044 | OrdinaryDividend |
| Apr 05, 2000 | $0.043 | OrdinaryDividend |
| Mar 03, 2000 | $0.042 | OrdinaryDividend |
| Feb 03, 2000 | $0.040 | OrdinaryDividend |
| Jan 05, 2000 | $0.040 | OrdinaryDividend |
| Dec 03, 1999 | $0.041 | OrdinaryDividend |
| Nov 03, 1999 | $0.041 | OrdinaryDividend |
| Oct 05, 1999 | $0.041 | OrdinaryDividend |
| Sep 03, 1999 | $0.040 | OrdinaryDividend |
| Aug 04, 1999 | $0.041 | OrdinaryDividend |
| Jul 06, 1999 | $0.040 | OrdinaryDividend |
| Jun 03, 1999 | $0.040 | OrdinaryDividend |
| May 05, 1999 | $0.040 | OrdinaryDividend |
| Apr 06, 1999 | $0.041 | OrdinaryDividend |
| Mar 03, 1999 | $0.039 | OrdinaryDividend |
| Feb 03, 1999 | $0.040 | OrdinaryDividend |
| Jan 06, 1999 | $0.039 | OrdinaryDividend |
| Dec 03, 1998 | $0.040 | OrdinaryDividend |
| Nov 04, 1998 | $0.040 | OrdinaryDividend |
| Oct 05, 1998 | $0.042 | OrdinaryDividend |
| Sep 03, 1998 | $0.044 | OrdinaryDividend |
| Aug 05, 1998 | $0.043 | OrdinaryDividend |
| Jul 06, 1998 | $0.044 | OrdinaryDividend |
| Jun 03, 1998 | $0.044 | OrdinaryDividend |
| May 05, 1998 | $0.045 | OrdinaryDividend |
| Apr 03, 1998 | $0.045 | OrdinaryDividend |
MFGDX - Fund Manager Analysis
Managers
Geoffrey Schechter
Start Date
Tenure
Tenure Rank
Apr 30, 2006
16.1
16.1%
Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Jake Stone
Start Date
Tenure
Tenure Rank
Sep 01, 2018
3.75
3.8%
Jake Stone has been employed in the investment area of MFS since July 2018; Vice President, Portfolio Analyst, Fixed Income Portfolio Management Team, Wellington Management Company, LLP from September 2013 to July 2018
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.11 | 31.64 | 8.43 | 7.35 |
