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MFGBX MFS Government Securities B

  • Fund
  • MFGBX
  • Price as of: Dec 09, 2016
  • $9.80
  • - $0.04
  • - 0.41%
  • Category
  • Total Bond Market

MFGBX - Profile

Vitals

  • YTD Return -1.7%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $2.14 B
  • Holdings in Top 10 26.0%

52 WEEK LOW AND HIGH

$9.80
$9.80
$10.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.63%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 88.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.99%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MFS® Government Securities Fund
  • Fund Family Name MFS
  • Inception Date Aug 30, 1993
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Geoffrey L. Schechter

MFGBX - Performance

Return Ranking - Trailing

Period MFGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.7% -11.3% 201.5% 63.25% 5
1 Yr -0.3% -12.6% 13.8% 92.11% 5
3 Yr 0.8% * -5.9% 8.2% 77.99% 4
5 Yr 0.3% * -3.1% 13.6% 93.25% 5
10 Yr 2.8% * -2.2% 9.5% 71.44% 4

* Annualized


Return Ranking - Calendar

Period MFGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.8% -33.0% 3.0% 20.30% 2
2014 2.4% -9.3% 14.9% 17.76% 2
2013 -5.3% -24.1% 40.4% 56.17% 5
2012 -0.9% -100.0% 18.7% 66.64% 5
2011 4.1% -20.6% 15.5% 3.95% 1

Total Return Ranking - Trailing

Period MFGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.7% -9.9% 204.3% 68.50% 5
1 Yr -4.2% -12.6% 16.3% 95.44% 5
3 Yr -0.2% * -7.2% 8.2% 90.62% 5
5 Yr -0.1% * -3.9% 13.6% 94.81% 5
10 Yr 2.8% * -2.2% 9.5% 70.55% 4

* Annualized


Total Return Ranking - Calendar

Period MFGBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.8% -32.5% 4.5% 40.74% 3
2014 2.4% -8.3% 16.8% 37.01% 3
2013 -5.1% -12.9% 58.5% 68.52% 5
2012 -0.5% -100.0% 35.2% 73.09% 5
2011 4.2% -20.7% 18.1% 26.49% 2

NAV & Total Return History

MFGBX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

MFGBX Category Low Category High MFGBX % Rank Quintile
Net Assets 2.14 B 319 K 176 B 8.19% 2
Number of Holdings 458 1 17569 12.00% 3
Net Assets in Top 10 577 M -36 B 36.7 B 6.10% 2
Weighting of Top 10 26.0% 0.0% 1167.9% 16.53% 3

Top 10 Holdings

  1. US Treasury Note 1% 4.42%
  2. US Treasury Note 2.5% 3.88%
  3. US Treasury Note 3.125% 3.16%
  4. US Treasury Bond 4.5% 2.87%
  5. US Treasury Bond 2.5% 2.50%
  6. US Treasury Note 1.75% 2.26%
  7. Fed Natl Mort Assc 3% 2.04%
  8. FNMA 0.463% 1.66%
  9. FNMA 4.5% 1.63%
  10. GNMA 3.5% 1.59%

Asset Allocation

Weighting Category Low Category High MFGBX % Rank Quintile
Bonds
96.34% -175.98% 1241.14% 9.46% 2
Cash
3.66% -1141.94% 275.92% 17.65% 3
Other
0.00% -30.13% 98.36% 13.73% 4
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 4
Preferred Stocks
0.00% -0.45% 17.66% 7.53% 4
Stocks
0.00% -3.27% 98.55% 6.00% 4

Bond Sector Breakdown

Weighting Category Low Category High MFGBX % Rank Quintile
Securitized
55.93% 0.00% 105.84% 3.10% 1
Government
35.94% -389.49% 1167.69% 6.31% 2
Corporate
3.70% 0.00% 221.70% 29.81% 5
Cash & Equivalents
3.66% -1141.94% 416.01% 17.80% 3
Municipal
0.77% 0.00% 98.41% 10.22% 2
Derivative
0.00% -513.07% 38.63% 2.39% 3

Bond Geographic Breakdown

Weighting Category Low Category High MFGBX % Rank Quintile
US
94.32% -370.09% 982.00% 3.66% 1
Non US
2.02% -45.82% 351.70% 27.67% 5

MFGBX - Expenses

Operational Fees

MFGBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.63% 0.00% 42.51% 6.36% 5
Management Fee 0.40% 0.00% 2.15% 2.85% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.08% 5
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

MFGBX Fees (% of AUM) Category Low Category High MFGBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 4.00% 0.15% 5.50% 1.11% 4

Trading Fees

MFGBX Fees (% of AUM) Category Low Category High MFGBX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

MFGBX Fees (% of AUM) Category Low Category High MFGBX Rank Quintile
Turnover 88.00% 0.00% 1856.00% 10.43% 3

MFGBX - Distributions

Dividend Yield Analysis

MFGBX Category Low Category High MFGBX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 25.70% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MFGBX Category Low Category High MFGBX % Rank Quintile
Net Income Ratio 0.99% -1.76% 17.13% 19.19% 5

Capital Gain Distribution Analysis

MFGBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MFGBX - Managers

Geoffrey L. Schechter

Manager

Start Date

Apr 30, 2006

Tenure

10.59

Tenure Rank

2.6%

Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9