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MFBBX MFS Corporate Bond B

  • Fund
  • MFBBX
  • Price as of: Aug 08, 2016
  • $14.22
  • + $0.02
  • + 0.14%
  • Category
  • Corporate Bonds

MFBBX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $3.38 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$14.22
$13.34
$14.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.58%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.50%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MFS® Corporate Bond Fund
  • Fund Family Name MFS
  • Inception Date Sep 07, 1993
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Richard O. Hawkins

Fund Description

The fund normally invests at least 80% of the fund's net assets in corporate debt instruments. It may also invest the fund's assets in U.S. government securities. The fund invests the majority of the fund's assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.

MFBBX - Performance

Return Ranking - Trailing

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -70.8% 13.8% 25.77% 2
1 Yr 7.1% -8.8% 18.5% 34.98% 2
3 Yr 4.3% * -5.4% 10.9% 50.62% 3
5 Yr 4.1% * -1.1% 10.0% 61.57% 4
10 Yr 5.6% * 2.6% 10.0% 46.75% 3

* Annualized


Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.0% -18.3% 0.0% 31.52% 3
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -70.8% 13.8% 25.77% 2
1 Yr 3.1% -8.8% 16.7% 64.26% 4
3 Yr 3.4% * -5.4% 10.9% 59.34% 3
5 Yr 3.7% * -1.1% 10.0% 62.96% 4
10 Yr 5.6% * 2.4% 10.0% 43.79% 3

* Annualized


Total Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.0% -18.3% 0.0% 31.78% 3
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

MFBBX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MFBBX Category Low Category High MFBBX % Rank Quintile
Net Assets 3.38 B 7.54 M 27.5 B 3.80% 1
Number of Holdings 379 8 2138 10.27% 2
Net Assets in Top 10 264 M 286 K 2.71 B 5.70% 2
Weighting of Top 10 8.1% 3.0% 315.1% 34.60% 5

Top 10 Holdings

  1. Forest Labs 144A 4.375% 0.82%
  2. Bk Amer 2% 0.78%
  3. Gilead Sciences 3.65% 0.73%
  4. Unitedhealth Grp 4.625% 0.73%
  5. Sabmiller Hldgs Inc. 144A 3.75% 0.70%
  6. Anheuser Busch Inbev Fin 4.7% 0.71%
  7. Medtronic 3.5% 1.10%
  8. Jpmorgan Chase 4.5% 0.92%
  9. Verizon Comms 4.5% 0.88%
  10. T Mobile Usa 6% 0.70%

Asset Allocation

Weighting Category Low Category High MFBBX % Rank Quintile
Bonds
90.22% 31.93% 160.37% 20.53% 3
Cash
7.00% -60.37% 60.12% 14.45% 3
Other
2.10% -4.78% 28.09% 6.84% 2
Preferred Stocks
0.68% 0.00% 36.53% 11.41% 2
Convertible Bonds
0.00% 0.00% 11.57% 13.31% 4
Stocks
0.00% -3.66% 20.49% 10.65% 3

Bond Sector Breakdown

Weighting Category Low Category High MFBBX % Rank Quintile
Corporate
88.78% 0.00% 101.23% 9.13% 2
Cash & Equivalents
7.00% -62.16% 60.12% 14.83% 3
Government
1.41% -11.93% 38.18% 25.86% 4
Securitized
0.70% 0.00% 125.78% 23.95% 4
Municipal
0.00% 0.00% 17.82% 15.21% 4
Derivative
0.00% -24.55% 5.60% 1.52% 2

Bond Geographic Breakdown

Weighting Category Low Category High MFBBX % Rank Quintile
US
81.21% 0.00% 151.60% 11.79% 2
Non US
9.01% -9.04% 50.74% 25.48% 4

MFBBX - Expenses

Operational Fees

MFBBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.58% 0.00% 4.34% 15.97% 4
Management Fee 0.38% 0.00% 1.70% 9.13% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.57% 5
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

MFBBX Fees (% of AUM) Category Low Category High MFBBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 4.00% 0.00% 5.50% 7.41% 4

Trading Fees

MFBBX Fees (% of AUM) Category Low Category High MFBBX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover 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.

MFBBX Fees (% of AUM) Category Low Category High MFBBX Rank Quintile
Turnover 30.00% 0.00% 1789.00% 27.00% 1

MFBBX - Distributions

Dividend Yield Analysis

MFBBX Category Low Category High MFBBX % Rank Quintile
Dividend Yield 0.4% 0.05% 2.25% 28.97% 2

Dividend Distribution Analysis

MFBBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MFBBX Category Low Category High MFBBX % Rank Quintile
Net Income Ratio 2.50% 0.08% 5.98% 51.71% 4

Capital Gain Distribution Analysis

MFBBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

MFBBX - Managers

Richard O. Hawkins

Manager

Start Date

Oct 01, 2005

Tenure

10.84

Tenure Rank

3.7%

Richard O. Hawkins, CFA - Investment Officer - Fixed Income Portfolio Manager - Serves on MFS Fixed Income Strategy Group, Fixed Income Risk & Opportunities Group. - As an Investment Grade 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 1988; previous positions include High Grade Credit Research Analyst; European Credit Research Analyst; International Sovereign and Currency Analyst. - Previous experience includes 2 years as Credit and Sovereign Analyst at Fidelity Investments; 5 years as International Lending Officer at Manufacturers Hanover Trust Company covering Brazil. - Affiliations include CFA Institute. - University of Pennsylvania, MBA, with distinction - Brown University, AB, Phi Beta Kappa


Robert D. Persons

Manager

Start Date

Oct 01, 2005

Tenure

10.84

Tenure Rank

3.7%

Robert D. Persons, CFA, is an investment officer of MFS Investment Management® (MFS®) and a fixed income portfolio manager. Robert joined MFS in 2000 as an investment grade fixed income research analyst. Prior to joining MFS, he served six years as a bond analyst/portfolio manager for Scudder Kemper Investments; three years as an investment manager for The Travelers Insurance Company; and three years as an investment analyst for Bailard, Biehl & Kaiser. He earned a Bachelor of Arts degree from Bucknell University and a Master of Business Administration degree from Northwestern University.


Tenure Analysis

Category Low

0.0

Category High

24.5

Category Average

5.37

Category Mode

1.6