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 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.5%
1 yr return
10.3%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
0.7%
Net Assets
$7.58 B
Holdings in Top 10
22.6%
Expense Ratio 0.43%
Front Load N/A
Deferred Load N/A
Turnover 188.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
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. Debt instruments include corporate bonds, U.S. Government securities, foreign government securities, securitized instruments (including mortgage-backed securities and other asset-backed securities), municipal instruments, and other obligations to repay money borrowed.
MFS primarily invests the fund’s assets in investment grade quality debt instruments, but may also invest in below 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 TBA market.
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.
MFS may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.
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.
Period | MRBKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -5.7% | 11.4% | 19.96% |
1 Yr | 10.3% | -1.8% | 18.9% | 20.06% |
3 Yr | -1.7%* | -10.0% | 27.3% | 20.85% |
5 Yr | 0.7%* | -7.4% | 58.5% | 21.98% |
10 Yr | 2.0%* | -2.8% | 73.7% | 19.80% |
* Annualized
Period | MRBKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -16.2% | 8.1% | 14.36% |
2022 | -16.4% | -34.7% | 131.9% | 65.27% |
2021 | -4.1% | -11.6% | 4.4% | 80.81% |
2020 | 5.5% | -10.1% | 946.1% | 21.77% |
2019 | 6.6% | -1.7% | 16.9% | 16.67% |
Period | MRBKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -5.7% | 11.4% | 19.96% |
1 Yr | 10.3% | -1.8% | 18.9% | 20.06% |
3 Yr | -1.7%* | -10.0% | 27.3% | 20.85% |
5 Yr | 0.7%* | -7.4% | 58.5% | 21.98% |
10 Yr | 2.0%* | -2.8% | 73.7% | 19.80% |
* Annualized
Period | MRBKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -11.3% | 11.9% | 4.31% |
2022 | -13.7% | -32.2% | 131.9% | 53.10% |
2021 | -0.5% | -9.4% | 9.2% | 33.11% |
2020 | 9.2% | -1.9% | 1009.0% | 29.59% |
2019 | 10.0% | 1.1% | 21668.0% | 18.68% |
MRBKX | Category Low | Category High | MRBKX % Rank | |
---|---|---|---|---|
Net Assets | 7.58 B | 2.9 M | 314 B | 21.06% |
Number of Holdings | 1100 | 1 | 17787 | 36.17% |
Net Assets in Top 10 | 1.78 B | 1.62 M | 35.1 B | 17.52% |
Weighting of Top 10 | 22.57% | 4.4% | 432.9% | 52.26% |
Weighting | Return Low | Return High | MRBKX % Rank | |
---|---|---|---|---|
Bonds | 96.63% | 0.00% | 993.61% | 41.82% |
Cash | 4.50% | -54.51% | 237.69% | 33.61% |
Convertible Bonds | 1.78% | 0.00% | 7.93% | 37.77% |
Other | 1.72% | -16.55% | 52.94% | 67.73% |
Stocks | 0.00% | 0.00% | 99.99% | 44.48% |
Preferred Stocks | 0.00% | 0.00% | 71.02% | 38.22% |
Weighting | Return Low | Return High | MRBKX % Rank | |
---|---|---|---|---|
Corporate | 34.90% | 0.00% | 100.00% | 34.16% |
Government | 31.71% | 0.00% | 86.23% | 33.33% |
Securitized | 30.82% | 0.00% | 98.40% | 45.72% |
Cash & Equivalents | 4.50% | -0.46% | 237.69% | 32.48% |
Municipal | 1.50% | 0.00% | 100.00% | 18.37% |
Derivative | 0.21% | -1.58% | 44.82% | 26.13% |
Weighting | Return Low | Return High | MRBKX % Rank | |
---|---|---|---|---|
US | 96.63% | 0.00% | 993.61% | 39.55% |
Non US | 0.00% | 0.00% | 30.95% | 44.16% |
MRBKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.43% | 0.01% | 39.64% | 80.21% |
Management Fee | 0.40% | 0.00% | 1.76% | 62.73% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
MRBKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
MRBKX 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.
MRBKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 188.00% | 2.00% | 493.39% | 65.67% |
MRBKX | Category Low | Category High | MRBKX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.36% | 0.00% | 10.11% | 22.09% |
MRBKX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
MRBKX | Category Low | Category High | MRBKX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.31% | -1.28% | 4.79% | 16.09% |
MRBKX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.034 | OrdinaryDividend |
Aug 30, 2024 | $0.034 | OrdinaryDividend |
Jul 31, 2024 | $0.034 | OrdinaryDividend |
Apr 30, 2024 | $0.033 | OrdinaryDividend |
Mar 28, 2024 | $0.033 | OrdinaryDividend |
Feb 29, 2024 | $0.034 | OrdinaryDividend |
Jan 31, 2024 | $0.034 | OrdinaryDividend |
Dec 29, 2023 | $0.037 | OrdinaryDividend |
Nov 30, 2023 | $0.035 | OrdinaryDividend |
Oct 31, 2023 | $0.035 | OrdinaryDividend |
Sep 29, 2023 | $0.035 | OrdinaryDividend |
Aug 31, 2023 | $0.034 | OrdinaryDividend |
Jul 31, 2023 | $0.033 | OrdinaryDividend |
Jun 30, 2023 | $0.033 | OrdinaryDividend |
May 31, 2023 | $0.032 | OrdinaryDividend |
Apr 28, 2023 | $0.033 | OrdinaryDividend |
Mar 31, 2023 | $0.032 | OrdinaryDividend |
Feb 28, 2023 | $0.032 | OrdinaryDividend |
Jan 31, 2023 | $0.032 | OrdinaryDividend |
Dec 30, 2022 | $0.052 | OrdinaryDividend |
Nov 30, 2022 | $0.028 | OrdinaryDividend |
Oct 31, 2022 | $0.026 | OrdinaryDividend |
Sep 30, 2022 | $0.025 | OrdinaryDividend |
Aug 31, 2022 | $0.024 | OrdinaryDividend |
Jul 29, 2022 | $0.023 | OrdinaryDividend |
Jun 30, 2022 | $0.023 | OrdinaryDividend |
May 31, 2022 | $0.022 | OrdinaryDividend |
Apr 29, 2022 | $0.021 | OrdinaryDividend |
Mar 31, 2022 | $0.020 | OrdinaryDividend |
Feb 28, 2022 | $0.019 | OrdinaryDividend |
Jan 31, 2022 | $0.019 | OrdinaryDividend |
Dec 31, 2021 | $0.019 | OrdinaryDividend |
Dec 07, 2021 | $0.034 | CapitalGainShortTerm |
Dec 07, 2021 | $0.109 | CapitalGainLongTerm |
Nov 30, 2021 | $0.019 | OrdinaryDividend |
Oct 29, 2021 | $0.019 | OrdinaryDividend |
Sep 30, 2021 | $0.020 | OrdinaryDividend |
Aug 31, 2021 | $0.021 | OrdinaryDividend |
Jul 30, 2021 | $0.021 | OrdinaryDividend |
Jun 30, 2021 | $0.021 | OrdinaryDividend |
May 28, 2021 | $0.021 | OrdinaryDividend |
Apr 30, 2021 | $0.022 | OrdinaryDividend |
Mar 31, 2021 | $0.021 | OrdinaryDividend |
Feb 26, 2021 | $0.022 | OrdinaryDividend |
Jan 29, 2021 | $0.023 | OrdinaryDividend |
Dec 31, 2020 | $0.024 | OrdinaryDividend |
Dec 08, 2020 | $0.026 | CapitalGainShortTerm |
Dec 08, 2020 | $0.015 | CapitalGainLongTerm |
Nov 30, 2020 | $0.025 | OrdinaryDividend |
Oct 30, 2020 | $0.026 | OrdinaryDividend |
Sep 30, 2020 | $0.027 | OrdinaryDividend |
Aug 31, 2020 | $0.028 | OrdinaryDividend |
Jul 31, 2020 | $0.028 | OrdinaryDividend |
Jun 30, 2020 | $0.028 | OrdinaryDividend |
May 29, 2020 | $0.027 | OrdinaryDividend |
Apr 30, 2020 | $0.027 | OrdinaryDividend |
Mar 31, 2020 | $0.026 | OrdinaryDividend |
Feb 28, 2020 | $0.026 | OrdinaryDividend |
Jan 31, 2020 | $0.027 | OrdinaryDividend |
Dec 31, 2019 | $0.027 | OrdinaryDividend |
Nov 29, 2019 | $0.027 | OrdinaryDividend |
Oct 31, 2019 | $0.028 | OrdinaryDividend |
Sep 30, 2019 | $0.028 | OrdinaryDividend |
Aug 30, 2019 | $0.029 | OrdinaryDividend |
Jul 31, 2019 | $0.030 | OrdinaryDividend |
Jun 28, 2019 | $0.031 | OrdinaryDividend |
Dec 11, 2015 | $0.028 | CapitalGainShortTerm |
Dec 11, 2015 | $0.012 | CapitalGainLongTerm |
Dec 12, 2014 | $0.027 | CapitalGainShortTerm |
Dec 12, 2014 | $0.016 | CapitalGainLongTerm |
Dec 02, 2013 | $0.005 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Dec 31, 2009
12.42
12.4%
Joshua P. Marston, Portfolio Manager, is an Investment Officer, Director of Fixed Income, and Director of Structured & Financial Research at MFS Investment Management® (MFS®). Josh's responsibilities include managing MFS' fixed income portfolio management team as well as oversight of MFS' structured product strategy, dedicated structured product portfolios, and portfolio management responsibilities for several of the firm's other fixed income strategies. Mr. Marston has been employed in the investment area of MFS since 1999 as a credit analyst.
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.79 | 1.16 |
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