Continue to site >
Trending ETFs

MFS Global Opportunistic Bond Fund

mutual fund
MGBLX
Payout Change
Pending
Price as of:
$8.18 +0.0 +0.0%
primary theme
N/A
MGBLX (Mutual Fund)

MFS Global Opportunistic Bond Fund

Payout Change
Pending
Price as of:
$8.18 +0.0 +0.0%
primary theme
N/A
MGBLX (Mutual Fund)

MFS Global Opportunistic Bond Fund

Payout Change
Pending
Price as of:
$8.18 +0.0 +0.0%
primary theme
N/A

Name

As of 10/10/2024

Price

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

$8.18

$1 B

2.66%

$0.22

1.21%

Vitals

YTD Return

2.6%

1 yr return

10.9%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

1.0%

Net Assets

$1 B

Holdings in Top 10

26.5%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 216.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/10/2024

Price

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

$8.18

$1 B

2.66%

$0.22

1.21%

MGBLX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.16%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    MFS Global Opportunistic Bond Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Jun 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    R2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Erik Weisman

Fund Description

MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the fund’s net assets in debt instruments of U.S. and foreign issuers, including emerging markets issuers. Debt instruments include U.S. Government securities, corporate bonds, foreign government securities, securitized instruments (including mortgage-backed securities and other asset-backed securities), and other obligations to repay money borrowed.

While MFS may invest the fund’s assets in debt instruments of any type, MFS generally focuses on debt instruments of issuers located in developed markets.

MFS generally focuses on investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.

MFS normally enters into currency hedging transactions using derivatives to reduce the fund’s foreign currency exposure such that the fund is primarily exposed to the U.S. dollar.

MFS normally invests the fund's assets across different industries, sectors, countries, and regions, but MFS may invest a significant percentage of the fund’s assets in issuers in a single industry, sector, country, or region. MFS generally invests the fund's assets in at least three different countries and invests a percentage of the fund's net assets in securities of foreign issuers equal to at least the lesser of 40% or the percentage of foreign issuers in the Bloomberg Global Aggregate Index (USD Hedged) less 15%.

MFS may invest up to 35% of the fund’s assets in any industry that accounts for more than 20% of the global bond market as measured by an index determined by MFS to be an appropriate measure of the global bond market, currently the Bloomberg Global Aggregate Index (USD Hedged).

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.

Read More

MGBLX - Performance

Return Ranking - Trailing

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -15.2% -2.4% 59.23%
1 Yr 10.9% -10.4% -2.5% 38.17%
3 Yr -0.6%* -1.2% 4.2% 28.81%
5 Yr 1.0%* -0.1% 3.7% 40.21%
10 Yr 0.9%* 0.0% 4.6% 93.06%

* Annualized

Return Ranking - Calendar

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -9.4% -0.6% 94.35%
2022 -14.1% -1.3% 7.0% 0.88%
2021 -7.8% 0.5% 200.9% 34.86%
2020 7.0% -15.5% 3.1% 56.00%
2019 6.0% -0.6% 30.6% 19.23%

Total Return Ranking - Trailing

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -15.2% -2.4% 57.69%
1 Yr 10.9% -12.6% -2.5% 32.06%
3 Yr -0.6%* -1.6% 4.2% 24.58%
5 Yr 1.0%* -0.1% 3.7% 37.11%
10 Yr 0.9%* 0.0% 4.6% 91.67%

* Annualized

Total Return Ranking - Calendar

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -9.4% -0.6% 94.35%
2022 -10.6% -1.3% 7.0% 0.88%
2021 -2.9% 0.5% 200.9% 40.37%
2020 10.8% -15.5% 3.3% 75.00%
2019 8.1% 0.1% 30.6% 19.23%

NAV & Total Return History


MGBLX - Holdings

Concentration Analysis

MGBLX Category Low Category High MGBLX % Rank
Net Assets 1 B 21.8 M 93.5 B 47.33%
Number of Holdings 839 5 7040 46.21%
Net Assets in Top 10 269 M -839 M 6.06 B 90.15%
Weighting of Top 10 26.54% 6.1% 100.0% 22.73%

Top 10 Holdings

  1. MFS Institutional Money Market Portfolio, Class A 7.40%
  2. Japan Government Bond 3.66%
  3. Buoni Poliennali del Tesoro 3.47%
  4. Republic of Korea 2.45%
  5. Republic of Korea 2.05%
  6. Canada Government Bond 2.01%
  7. Bonos and Obligaciones del Estado 1.45%
  8. Bonos and Obligaciones del Estado 1.41%
  9. People's Republic of China 1.35%
  10. Buoni Poliennali del Tesoro 1.31%

Asset Allocation

Weighting Return Low Return High MGBLX % Rank
Bonds
95.53% 36.86% 100.73% 95.45%
Cash
7.40% -2.75% 67.17% 9.85%
Convertible Bonds
1.03% 0.00% 14.16% 78.79%
Stocks
0.00% 0.00% 0.70% 84.09%
Preferred Stocks
0.00% 0.00% 0.73% 79.55%
Other
-0.13% -8.93% 0.72% 70.45%

Bond Sector Breakdown

Weighting Return Low Return High MGBLX % Rank
Government
48.25% 1.71% 97.31% 82.58%
Corporate
29.47% 0.00% 70.79% 56.06%
Securitized
8.20% 0.00% 29.11% 52.27%
Cash & Equivalents
7.40% 0.00% 51.02% 69.70%
Municipal
0.36% 0.00% 3.10% 25.00%
Derivative
-0.49% 0.00% 50.79% 11.36%

Bond Geographic Breakdown

Weighting Return Low Return High MGBLX % Rank
Non US
51.45% 26.05% 98.85% 68.18%
US
44.08% -11.86% 53.57% 77.27%

MGBLX - Expenses

Operational Fees

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.02% 1.81% 14.84%
Management Fee 0.55% 0.00% 0.83% 78.03%
12b-1 Fee 0.50% 0.00% 1.00% 69.23%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 216.00% 2.00% 402.00% 98.20%

MGBLX - Distributions

Dividend Yield Analysis

MGBLX Category Low Category High MGBLX % Rank
Dividend Yield 2.66% 0.00% 2.20% 89.39%

Dividend Distribution Analysis

MGBLX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

MGBLX Category Low Category High MGBLX % Rank
Net Income Ratio 1.16% -0.30% 3.10% 61.07%

Capital Gain Distribution Analysis

MGBLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MGBLX - Fund Manager Analysis

Managers

Erik Weisman


Start Date

Tenure

Tenure Rank

Jun 02, 2010

12.0

12.0%

Erik Weisman, is an investment officer and portfolio manager at MFS Investment Management®. He manages the firm's inflation-adjusted bond, strategic income, global bond, global total return, and global government portfolios. He joined the firm in 2002 as a global sovereign fixed-income research analyst. Previously, he served for two years as assistant to the U.S. Executive Director and for two years as an international economist in the U.S. Department of the Treasury. Erik earned a bachelor's degree from the University of Michigan and master's and Ph.D. degree from Duke University.

Pilar Gomez-Bravo


Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

Robert Spector


Start Date

Tenure

Tenure Rank

Oct 31, 2015

6.59

6.6%

Andy Li


Start Date

Tenure

Tenure Rank

Feb 01, 2019

3.33

3.3%

Andy Li, CFA - 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 2018 - Previous experience includes 4 years as Portfolio Manager at Man GLG; 6 years as Portfolio Manager at ECM Asset Management; 2 years as Management Consultant at Accenture. - Imperial College, London, Bachelor of Engineering, Honors

Henry Peabody


Start Date

Tenure

Tenure Rank

Sep 01, 2019

2.75

2.8%

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

Matthew Ryan


Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Matthew W. Ryan, CFA, is an investment officer and a portfolio manager of Massachusetts Financial Services Company. Before joining the firm in 1997, Matt worked for four years as an economist at the International Monetary Fund and for five years as an international economist with the U.S. Department of the Treasury. He was named a portfolio manager at MFS in 1998. He is a graduate of Williams College and earned a master's degree in international economics and foreign policy from Johns Hopkins University. Matt also holds the Chartered Financial Analyst (CFA) designation.

David Cole


Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

David P. Cole, CFA, is an Investment Officer of MFS Investment Management® (MFS®) and Portfolio Manager at the firm. David employed in the investment area of MFS since 2004 after working for five years as a High Yield Analyst for Franklin Templeton Investments. Prior to this, he served as a financial economist/treasury market analyst for Thomson Financial Services and two years as an economist for Standard and Poor's. David has a bachelor's degree from Cornell University and an MBA from University of California, Berkeley. He holds the Chartered Financial Analyst (CFA) designation.

Ward Brown


Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Ward Brown, CFA, Ph.D., is an investment officer and fixed income portfolio manager at MFS Investment Management® (MFS®). He is a member of the Emerging Markets Debt team, and his duties include managing the firm's emerging market debt strategies in addition to conducting macroeconomic research and individual credit analysis. Ward joined MFS in 2005 as a fixed-income research analyst and was named portfolio manager in 2008. Prior to joining MFS, he served as an economist for the International Monetary Fund for eight years. Ward spent four years as a research and teaching assistant for the Financial Markets Group at the London School of Economics and Political Science and later served as a lecturer at the school in the Economics Department. Ward earned his bachelor's degree from McGill University and holds a master's and a doctoral degree in Economics from the London School of Economics and Political Science. He holds the Chartered Financial Analyst designation.

Philipp Burgener


Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Philipp S. Burgener, CFA, is an investment officer and fixed income portfolio manager with MFS Investment Management(r) (MFS(r)). He is a member of the firm's limited duration portfolio management team. He also has research analyst responsibilities. Philipp joined MFS in 2000 as an inside wholesaler and transferred to the Fixed Income Department in 2002 as an analytic support associate in the Quantitative Group. In 2003 he joined the Structured Products Group and was promoted to an Investment Grade Research Analyst in 2005. He took on portfolio management responsibilities in 2017. Philipp earned a Bachelor of Arts degree from Colgate University and his Master of Science degree from Boston University. He is also a member of the CFA Institute and Boston Security Analysts Society, Inc.

Michael Skatrud


Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Michael Skatrud, CFA, is an investment officer and fixed income research analyst at MFS Investment Management (MFS). He is responsible for identifying the most attractive investment opportunities in his assigned coverage universe and he works closely with portfolio managers to ensure ideas are properly positioned within portfolios. Michael joined MFS in 2013 from Columbia Management, where he had worked as a high yield analyst for four years. Previously, he was a senior credit analyst at Oppenheimer Funds, Inc., for two years and spent seven years as a corporate bond analyst at Putnam Investments. He began his career in the financial services industry in 1996. Michael earned a Bachelor of Science from the University of Wisconsin and holds a Master of Business Administration from the University of Pennsylvania's Wharton School of Business. He is a CFA charter holder and a member of the CFA Society Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92