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MFBBX MFS® Corporate Bond B

  • Fund
  • MFBBX
  • Price as of: Jul 20, 2018
  • $13.43
  • - $0.04
  • - 0.30%
  • Category
  • Corporate Bonds

MFBBX - Profile

Vitals

  • YTD Return -4.8%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $4.34 B
  • Holdings in Top 10 9.4%

52 WEEK LOW AND HIGH

$13.43
$13.35
$14.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.55%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 38.00%

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 -4.8%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
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 Robert D. Persons

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 -4.8% -70.8% 3.9% 67.68% 5
1 Yr -2.4% -4.8% 11.3% 96.17% 5
3 Yr 1.7% * -4.0% 6.6% 75.39% 4
5 Yr 2.3% * -1.2% 6.6% 72.50% 4
10 Yr 4.8% * 1.7% 8.8% 55.49% 3

* Annualized


Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.8% -4.6% 8.3% 22.99% 2
2016 2.5% -11.3% 344.7% 40.70% 3
2015 -4.0% -18.3% 2.3% 31.01% 3
2014 2.0% -8.0% 12.3% 26.69% 2
2013 -4.1% -24.8% 5.2% 47.06% 3

Total Return Ranking - Trailing

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.8% -70.8% 3.9% 67.30% 5
1 Yr -6.2% -8.9% 17.6% 98.47% 5
3 Yr 0.8% * -4.0% 6.6% 85.55% 5
5 Yr 1.9% * -1.2% 6.6% 75.00% 4
10 Yr 4.8% * 1.5% 8.8% 52.75% 3

* Annualized


Total Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.8% -4.1% 8.3% 23.66% 2
2016 2.5% -7.4% 376.9% 50.78% 4
2015 -3.8% -12.2% 5.7% 40.70% 3
2014 2.1% -8.0% 27.7% 42.63% 3
2013 -3.9% -11.2% 10.5% 59.28% 4

NAV & Total Return History

MFBBX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

MFBBX Category Low Category High MFBBX % Rank Quintile
Net Assets 4.34 B 435 K 29 B 4.18% 1
Number of Holdings 346 5 2202 12.55% 2
Net Assets in Top 10 469 M -572 M 4.56 B 5.70% 1
Weighting of Top 10 9.4% 2.9% 511.5% 36.50% 5

Top 10 Holdings

  1. Constellation Brands, Inc. 4.25% 0.82%
  2. United States Treasury Bonds 3.5% 1.50%
  3. Bank of New York Mellon Corporation 2.95% 1.05%
  4. Bank of America Corporation 2.74% 0.95%
  5. Broadcom Corporation/Broadcom Cayman Finance Ltd 3.88% 0.88%
  6. Sempra Energy 3.25% 0.87%
  7. Oneok Inc. 4.95% 0.79%
  8. Anheuser-Busch InBev Worldwide Inc. 3.75% 1.00%
  9. Daimler Finance North America LLC 3.35% 0.80%
  10. Citigroup Inc. 3.52% 0.78%

Asset Allocation

Weighting Category Low Category High MFBBX % Rank Quintile
Bonds
94.91% 32.19% 160.52% 17.49% 3
Cash
4.01% -63.93% 67.80% 19.01% 3
Convertible Bonds
1.08% 0.00% 19.62% 10.27% 2
Stocks
0.00% -3.83% 37.22% 9.51% 3
Preferred Stocks
0.00% 0.00% 29.80% 16.73% 4
Other
0.00% -20.27% 24.98% 15.21% 4

Bond Sector Breakdown

Weighting Category Low Category High MFBBX % Rank Quintile
Corporate
92.81% 0.00% 193.12% 8.75% 2
Cash & Equivalents
4.01% -68.54% 66.42% 18.25% 3
Government
1.76% -105.81% 57.36% 25.86% 3
Securitized
1.42% 0.00% 95.88% 21.67% 3
Derivative
0.00% -0.41% 54.98% 3.42% 2
Municipal
0.00% 0.00% 11.56% 16.35% 4

Bond Geographic Breakdown

Weighting Category Low Category High MFBBX % Rank Quintile
US
84.28% 0.00% 134.42% 12.17% 2
Non US
10.63% -38.93% 60.84% 23.57% 4

MFBBX - Expenses

Operational Fees

MFBBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.55% 0.00% 4.25% 16.35% 4
Management Fee 0.38% 0.00% 1.70% 9.89% 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 38.00% 6.00% 1515.00% 25.10% 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 2.20% -0.09% 5.67% 53.61% 4

Capital Gain Distribution Analysis

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

MFBBX - Managers

Robert D. Persons

Manager

Start Date

Oct 01, 2005

Tenure

12.75

Tenure Rank

3.6%

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.


Alexander M. Mackey

Manager

Start Date

Apr 05, 2017

Tenure

1.24

Tenure Rank

19.3%

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.


Tenure Analysis

Category Low

0.1

Category High

31.1

Category Average

6.09

Category Mode

3.5