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MFS High Income Fund
mutual fund
MHIBX
Payout Change
Pending
Price as of:
$3.12
-0.01
-0.32%
primary theme
High Yield Bond
MHIBX (Mutual Fund)
MFS High Income Fund
Payout Change
Pending
Price as of:
$3.12
-0.01
-0.32%
primary theme
High Yield Bond
MHIBX (Mutual Fund)
MFS High Income Fund
Payout Change
Pending
Price as of:
$3.12
-0.01
-0.32%
primary theme
High Yield Bond
Name
As of 12/12/2024Price
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
6.4%
1 yr return
7.5%
3 Yr Avg Return
2.0%
5 Yr Avg Return
2.4%
Net Assets
$1.78 B
Holdings in Top 10
10.7%
52 WEEK LOW AND HIGH
$3.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.63%
SALES FEES
Front Load N/A
Deferred Load 4.00%
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
MHIBX - Profile
Distributions
- YTD Total Return 6.4%
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.15%
- Dividend Yield 5.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS High Income Fund
-
Fund Family NameMFS Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Cole
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in high income debt instruments.
MFS may invest the fund’s assets in other types of debt instruments. Debt instruments include corporate bonds, foreign government securities, floating rate loans, and other obligations to repay money borrowed.
MFS may invest up to 100% of the fund’s assets 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 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.
MHIBX - Performance
Return Ranking - Trailing
| Period | MHIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.4% | -7.5% | 17.7% | 89.33% |
| 1 Yr | 7.5% | -4.7% | 18.4% | 88.01% |
| 3 Yr | 2.0%* | -14.4% | 21.6% | 77.17% |
| 5 Yr | 2.4%* | -11.4% | 37.2% | 90.57% |
| 10 Yr | 3.4%* | -4.7% | 20.4% | 81.99% |
* Annualized
Return Ranking - Calendar
| Period | MHIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.8% | -4.7% | 14.3% | 33.77% |
| 2022 | -14.9% | -33.4% | 3.6% | 38.08% |
| 2021 | -1.2% | -8.4% | 8.2% | 83.68% |
| 2020 | -0.3% | -13.2% | 302.7% | 52.39% |
| 2019 | 9.1% | -4.4% | 13.3% | 20.77% |
Total Return Ranking - Trailing
| Period | MHIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.4% | -7.5% | 17.7% | 89.33% |
| 1 Yr | 7.5% | -4.7% | 18.4% | 88.01% |
| 3 Yr | 2.0%* | -14.4% | 21.6% | 77.17% |
| 5 Yr | 2.4%* | -11.4% | 37.2% | 90.57% |
| 10 Yr | 3.4%* | -4.7% | 20.4% | 81.99% |
* Annualized
Total Return Ranking - Calendar
| Period | MHIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.1% | -4.7% | 18.7% | 54.43% |
| 2022 | -10.8% | -33.4% | 47.8% | 53.15% |
| 2021 | 2.7% | -8.4% | 12.4% | 90.89% |
| 2020 | 4.0% | -9.6% | 325.6% | 73.98% |
| 2019 | 14.0% | -3.8% | 19.4% | 48.45% |
NAV & Total Return History
MHIBX - Holdings
Concentration Analysis
| MHIBX | Category Low | Category High | MHIBX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.78 B | 3.13 M | 25.3 B | 30.23% |
| Number of Holdings | 347 | 2 | 4432 | 52.22% |
| Net Assets in Top 10 | 197 M | -492 M | 6.67 B | 31.53% |
| Weighting of Top 10 | 10.68% | 4.2% | 146.0% | 73.40% |
Top 10 Holdings
- MFS Institutional Money Market Portfolio, Class A 4.15%
- iShares iBoxx $ High Yield Corporate Bond ETF 1.01%
- CCO Holdings LLC 0.94%
- FMG Resources August 2006 Pty. Ltd. 0.84%
- Ziggo Bond Co. BV 0.69%
- Ritchie Bros Holdings, Inc. 0.63%
- TriMas Corp. 0.62%
- SSC Technologies, Inc. 0.61%
- Hilton Domestic Operating Co., Inc. 0.61%
- Clearway Energy Operating LLC 0.61%
Asset Allocation
| Weighting | Return Low | Return High | MHIBX % Rank | |
|---|---|---|---|---|
| Bonds | 93.88% | 0.00% | 145.36% | 62.91% |
| Cash | 4.94% | -52.00% | 48.02% | 33.50% |
| Convertible Bonds | 0.64% | 0.00% | 17.89% | 68.64% |
| Stocks | 0.16% | 0.00% | 97.54% | 57.03% |
| Other | 0.02% | -39.08% | 99.23% | 42.20% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 47.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MHIBX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 60.26% |
| Technology | 0.00% | 0.00% | 33.17% | 61.15% |
| Real Estate | 0.00% | 0.00% | 86.71% | 54.30% |
| Industrials | 0.00% | 0.00% | 93.12% | 62.69% |
| Healthcare | 0.00% | 0.00% | 22.17% | 55.63% |
| Financial Services | 0.00% | 0.00% | 100.00% | 60.93% |
| Energy | 0.00% | 0.00% | 100.00% | 85.43% |
| Communication Services | 0.00% | 0.00% | 99.99% | 74.83% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 57.17% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 65.56% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 1.55% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MHIBX % Rank | |
|---|---|---|---|---|
| US | 0.16% | 0.00% | 97.54% | 56.65% |
| Non US | 0.00% | -0.01% | 0.83% | 27.42% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MHIBX % Rank | |
|---|---|---|---|---|
| Corporate | 93.90% | 0.00% | 100.00% | 56.74% |
| Cash & Equivalents | 4.15% | 0.00% | 48.02% | 36.78% |
| Government | 0.77% | 0.00% | 99.07% | 16.61% |
| Derivative | 0.02% | -14.58% | 42.26% | 26.11% |
| Securitized | 0.00% | 0.00% | 97.24% | 51.64% |
| Municipal | 0.00% | 0.00% | 1.17% | 15.46% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MHIBX % Rank | |
|---|---|---|---|---|
| US | 92.37% | 0.00% | 126.57% | 57.31% |
| Non US | 1.50% | 0.00% | 96.91% | 29.72% |
MHIBX - Expenses
Operational Fees
| MHIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.63% | 0.02% | 38.33% | 17.70% |
| Management Fee | 0.46% | 0.00% | 1.75% | 20.62% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 77.41% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| MHIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | 4.00% | 1.00% | 5.00% | 2.53% |
Trading Fees
| MHIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| MHIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 1.00% | 255.00% | 49.37% |
MHIBX - Distributions
Dividend Yield Analysis
| MHIBX | Category Low | Category High | MHIBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.20% | 0.00% | 11.76% | 79.93% |
Dividend Distribution Analysis
| MHIBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| MHIBX | Category Low | Category High | MHIBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.15% | -2.39% | 9.30% | 91.14% |
Capital Gain Distribution Analysis
| MHIBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.014 | OrdinaryDividend |
| Oct 31, 2024 | $0.014 | OrdinaryDividend |
| Sep 30, 2024 | $0.014 | OrdinaryDividend |
| Aug 30, 2024 | $0.014 | OrdinaryDividend |
| Jul 31, 2024 | $0.014 | OrdinaryDividend |
| Apr 30, 2024 | $0.014 | OrdinaryDividend |
| Mar 28, 2024 | $0.013 | OrdinaryDividend |
| Mar 01, 2024 | $0.013 | OrdinaryDividend |
| Feb 01, 2024 | $0.013 | OrdinaryDividend |
| Dec 28, 2023 | $0.013 | OrdinaryDividend |
| Nov 30, 2023 | $0.013 | OrdinaryDividend |
| Oct 31, 2023 | $0.013 | OrdinaryDividend |
| Sep 29, 2023 | $0.013 | OrdinaryDividend |
| Aug 31, 2023 | $0.013 | OrdinaryDividend |
| Jul 31, 2023 | $0.013 | OrdinaryDividend |
| Jun 30, 2023 | $0.013 | OrdinaryDividend |
| May 31, 2023 | $0.013 | OrdinaryDividend |
| Apr 28, 2023 | $0.013 | OrdinaryDividend |
| Mar 31, 2023 | $0.012 | OrdinaryDividend |
| Feb 28, 2023 | $0.012 | OrdinaryDividend |
| Jan 31, 2023 | $0.012 | OrdinaryDividend |
| Dec 30, 2022 | $0.019 | OrdinaryDividend |
| Nov 30, 2022 | $0.011 | OrdinaryDividend |
| Oct 31, 2022 | $0.010 | OrdinaryDividend |
| Sep 30, 2022 | $0.010 | OrdinaryDividend |
| Aug 31, 2022 | $0.010 | OrdinaryDividend |
| Jul 29, 2022 | $0.010 | OrdinaryDividend |
| Jun 30, 2022 | $0.010 | OrdinaryDividend |
| May 31, 2022 | $0.010 | OrdinaryDividend |
| Apr 29, 2022 | $0.010 | OrdinaryDividend |
| Mar 31, 2022 | $0.010 | OrdinaryDividend |
| Feb 28, 2022 | $0.010 | OrdinaryDividend |
| Jan 31, 2022 | $0.010 | OrdinaryDividend |
| Dec 31, 2021 | $0.014 | OrdinaryDividend |
| Nov 30, 2021 | $0.010 | OrdinaryDividend |
| Oct 29, 2021 | $0.010 | OrdinaryDividend |
| Sep 30, 2021 | $0.010 | OrdinaryDividend |
| Aug 31, 2021 | $0.010 | OrdinaryDividend |
| Jul 30, 2021 | $0.010 | OrdinaryDividend |
| Jun 30, 2021 | $0.010 | OrdinaryDividend |
| May 28, 2021 | $0.010 | OrdinaryDividend |
| Apr 30, 2021 | $0.010 | OrdinaryDividend |
| Mar 31, 2021 | $0.010 | OrdinaryDividend |
| Feb 26, 2021 | $0.010 | OrdinaryDividend |
| Jan 29, 2021 | $0.010 | OrdinaryDividend |
| Dec 31, 2020 | $0.010 | OrdinaryDividend |
| Nov 30, 2020 | $0.010 | OrdinaryDividend |
| Oct 30, 2020 | $0.010 | OrdinaryDividend |
| Sep 30, 2020 | $0.010 | OrdinaryDividend |
| Aug 31, 2020 | $0.011 | OrdinaryDividend |
| Jul 31, 2020 | $0.011 | OrdinaryDividend |
| Jun 30, 2020 | $0.011 | OrdinaryDividend |
| May 29, 2020 | $0.011 | OrdinaryDividend |
| Apr 30, 2020 | $0.011 | OrdinaryDividend |
| Mar 31, 2020 | $0.011 | OrdinaryDividend |
| Feb 28, 2020 | $0.011 | OrdinaryDividend |
| Jan 31, 2020 | $0.010 | OrdinaryDividend |
| Dec 31, 2019 | $0.011 | OrdinaryDividend |
| Nov 29, 2019 | $0.010 | OrdinaryDividend |
| Oct 31, 2019 | $0.010 | 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 |
MHIBX - Fund Manager Analysis
Managers
David Cole
Start Date
Tenure
Tenure Rank
Oct 09, 2006
15.65
15.7%
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.
Michael Skatrud
Start Date
Tenure
Tenure Rank
Mar 01, 2018
4.25
4.3%
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 |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
