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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 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
Expense Ratio 1.21%
Front Load N/A
Deferred Load N/A
Turnover 216.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/10/2024Price
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 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.
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
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% |
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
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% |
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% |
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% |
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% |
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 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 |
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 |
MGBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
MGBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 216.00% | 2.00% | 402.00% | 98.20% |
MGBLX | Category Low | Category High | MGBLX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.66% | 0.00% | 2.20% | 89.39% |
MGBLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
MGBLX | Category Low | Category High | MGBLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.16% | -0.30% | 3.10% | 61.07% |
MGBLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.018 | OrdinaryDividend |
Aug 30, 2024 | $0.018 | OrdinaryDividend |
Jul 31, 2024 | $0.018 | OrdinaryDividend |
Apr 30, 2024 | $0.018 | OrdinaryDividend |
Mar 28, 2024 | $0.018 | OrdinaryDividend |
Feb 29, 2024 | $0.020 | OrdinaryDividend |
Jan 31, 2024 | $0.022 | OrdinaryDividend |
Dec 29, 2023 | $0.022 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.022 | OrdinaryDividend |
Sep 29, 2023 | $0.022 | OrdinaryDividend |
Aug 31, 2023 | $0.018 | OrdinaryDividend |
Jul 31, 2023 | $0.015 | OrdinaryDividend |
Jun 30, 2023 | $0.005 | OrdinaryDividend |
May 31, 2023 | $0.005 | OrdinaryDividend |
Apr 28, 2023 | $0.005 | OrdinaryDividend |
Mar 31, 2023 | $0.005 | OrdinaryDividend |
Feb 28, 2023 | $0.006 | OrdinaryDividend |
Jan 31, 2023 | $0.006 | OrdinaryDividend |
Dec 30, 2022 | $0.006 | OrdinaryDividend |
Dec 15, 2022 | $0.148 | CapitalGainLongTerm |
Nov 30, 2022 | $0.005 | OrdinaryDividend |
Oct 31, 2022 | $0.005 | OrdinaryDividend |
Sep 30, 2022 | $0.006 | OrdinaryDividend |
Aug 31, 2022 | $0.007 | OrdinaryDividend |
Jul 29, 2022 | $0.008 | OrdinaryDividend |
Jun 30, 2022 | $0.009 | OrdinaryDividend |
May 31, 2022 | $0.011 | OrdinaryDividend |
Apr 29, 2022 | $0.012 | OrdinaryDividend |
Mar 31, 2022 | $0.012 | OrdinaryDividend |
Feb 28, 2022 | $0.012 | OrdinaryDividend |
Jan 31, 2022 | $0.012 | OrdinaryDividend |
Dec 31, 2021 | $0.068 | OrdinaryDividend |
Dec 16, 2021 | $0.059 | CapitalGainShortTerm |
Dec 16, 2021 | $0.200 | CapitalGainLongTerm |
Nov 30, 2021 | $0.009 | OrdinaryDividend |
Oct 29, 2021 | $0.009 | OrdinaryDividend |
Sep 30, 2021 | $0.009 | OrdinaryDividend |
Aug 31, 2021 | $0.009 | OrdinaryDividend |
Jul 30, 2021 | $0.009 | OrdinaryDividend |
Jun 30, 2021 | $0.009 | OrdinaryDividend |
May 28, 2021 | $0.009 | OrdinaryDividend |
Apr 30, 2021 | $0.009 | OrdinaryDividend |
Mar 31, 2021 | $0.009 | OrdinaryDividend |
Feb 26, 2021 | $0.008 | OrdinaryDividend |
Jan 29, 2021 | $0.007 | OrdinaryDividend |
Dec 31, 2020 | $0.056 | OrdinaryDividend |
Dec 17, 2020 | $0.101 | CapitalGainShortTerm |
Dec 17, 2020 | $0.058 | CapitalGainLongTerm |
Nov 30, 2020 | $0.005 | OrdinaryDividend |
Oct 30, 2020 | $0.005 | OrdinaryDividend |
Sep 30, 2020 | $0.005 | OrdinaryDividend |
Aug 31, 2020 | $0.006 | OrdinaryDividend |
Jul 31, 2020 | $0.007 | OrdinaryDividend |
Jun 30, 2020 | $0.008 | OrdinaryDividend |
May 29, 2020 | $0.009 | OrdinaryDividend |
Apr 30, 2020 | $0.010 | OrdinaryDividend |
Mar 31, 2020 | $0.010 | OrdinaryDividend |
Feb 28, 2020 | $0.011 | OrdinaryDividend |
Jan 31, 2020 | $0.012 | OrdinaryDividend |
Dec 31, 2019 | $0.024 | OrdinaryDividend |
Dec 19, 2019 | $0.012 | CapitalGainShortTerm |
Nov 29, 2019 | $0.012 | OrdinaryDividend |
Oct 31, 2019 | $0.012 | OrdinaryDividend |
Sep 30, 2019 | $0.012 | OrdinaryDividend |
Aug 30, 2019 | $0.011 | OrdinaryDividend |
Jul 31, 2019 | $0.011 | OrdinaryDividend |
Jun 28, 2019 | $0.011 | OrdinaryDividend |
Dec 12, 2012 | $0.093 | CapitalGainShortTerm |
Dec 12, 2012 | $0.140 | CapitalGainLongTerm |
Dec 09, 2011 | $0.089 | CapitalGainShortTerm |
Dec 09, 2011 | $0.020 | CapitalGainLongTerm |
Dec 10, 2010 | $0.034 | CapitalGainShortTerm |
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.
Start Date
Tenure
Tenure Rank
Dec 01, 2014
7.5
7.5%
Start Date
Tenure
Tenure Rank
Oct 31, 2015
6.59
6.6%
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
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
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.
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.
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.12 | 31.42 | 5.43 | 0.92 |
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