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MIABX MFS Inflation-Adjusted Bond B

  • Fund
  • MIABX
  • Price as of: Aug 18, 2017
  • $10.30
  • - $0.01
  • - 0.10%
  • Category
  • Inflation-Protected Bonds

MIABX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return -1.3%
  • Net Assets $1.21 B
  • Holdings in Top 10 44.7%

52 WEEK LOW AND HIGH

$10.30
$10.11
$10.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Inflation-Protected Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Inflation-Protected Bond

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MFS® Inflation-Adjusted Bond Fund
  • Fund Family Name MFS
  • Inception Date Sep 01, 2004
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Erik S. Weisman

MIABX - Performance

Return Ranking - Trailing

Period MIABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -2.9% 7.2% 51.24% 3
1 Yr -2.1% -4.7% 14.8% 93.00% 5
3 Yr -0.9% * -3.0% 2.9% 86.41% 5
5 Yr -1.3% * -1.4% 8.3% 95.95% 5
10 Yr 2.6% * 0.1% 7.7% 83.97% 5

* Annualized


Return Ranking - Calendar

Period MIABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.2% -3.1% 12.1% 63.27% 4
2015 -3.1% -19.2% 1.9% 51.55% 4
2014 1.0% -15.1% 20.3% 30.27% 2
2013 -10.6% -27.3% 3.1% 47.22% 3
2012 3.1% -13.7% 10.0% 41.21% 3

Total Return Ranking - Trailing

Period MIABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -2.9% 5.4% 50.75% 3
1 Yr -6.0% -8.4% 14.8% 98.00% 5
3 Yr -1.8% * -4.0% 5.8% 94.02% 5
5 Yr -1.7% * -1.8% 8.3% 98.84% 5
10 Yr 2.6% * 0.1% 7.7% 83.97% 5

* Annualized


Total Return Ranking - Calendar

Period MIABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.2% -2.8% 12.1% 67.86% 4
2015 -3.1% -12.9% 3.6% 65.98% 4
2014 1.0% -11.7% 26.1% 54.59% 4
2013 -10.6% -27.7% 21.9% 83.33% 5
2012 3.7% 0.0% 31.4% 80.00% 5

NAV & Total Return History

MIABX - Holdings

Filings data as of: May 31, 2017

Concentration Analysis

MIABX Category Low Category High MIABX % Rank Quintile
Net Assets 1.21 B 1.26 M 27 B 9.55% 2
Number of Holdings 54 3 1400 16.58% 4
Net Assets in Top 10 543 M -66.1 M 16.9 B 8.04% 2
Weighting of Top 10 44.7% 6.6% 134.8% 23.62% 4

Top 10 Holdings

  1. US Treasury Bond 5.45%
  2. US Treasury Note 5.07%
  3. US Treasury Note 4.83%
  4. US Treasury Note 4.46%
  5. US Treasury Note 4.38%
  6. US Treasury TIP 1.25% 4.26%
  7. US Treasury Note 4.18%
  8. US Treasury TIP 4.16%
  9. US Treasury Note 4.03%
  10. US Treasury Note 3.88%

Asset Allocation

Weighting Category Low Category High MIABX % Rank Quintile
Bonds
99.71% 0.00% 136.26% 8.96% 2
Cash
0.29% -38.80% 40.70% 19.60% 4
Stocks
0.00% -0.01% 16.05% 4.98% 3
Preferred Stocks
0.00% 0.00% 2.22% 3.02% 3
Other
0.00% -4.23% 13.79% 13.57% 4
Convertible Bonds
0.00% 0.00% 11.45% 3.52% 3

Bond Sector Breakdown

Weighting Category Low Category High MIABX % Rank Quintile
Government
96.70% 0.53% 103.73% 10.55% 2
Securitized
1.44% 0.00% 50.72% 12.06% 3
Corporate
1.39% 0.00% 71.19% 17.09% 4
Cash & Equivalents
0.29% -42.82% 40.70% 20.10% 4
Municipal
0.19% 0.00% 102.73% 3.02% 1
Derivative
0.00% -21.70% 2.41% 2.51% 2

Bond Geographic Breakdown

Weighting Category Low Category High MIABX % Rank Quintile
US
97.31% 48.35% 134.48% 11.06% 2
Non US
2.40% 0.00% 21.90% 13.07% 3

MIABX - Expenses

Operational Fees

MIABX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.74% 0.04% 17.48% 7.46% 5
Management Fee 0.50% 0.04% 0.70% 5.47% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.81% 5
Administrative Fee N/A 0.01% 0.35% N/A N/A

Sales Fees

MIABX Fees (% of AUM) Category Low Category High MIABX Rank Quintile
Front Load N/A 2.25% 4.75% N/A N/A
Deferred Load 4.00% 1.00% 5.00% 7.69% 4

Trading Fees

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

MIABX Fees (% of AUM) Category Low Category High MIABX Rank Quintile
Turnover 23.00% 0.00% 611.00% 21.11% 1

MIABX - Distributions

Dividend Yield Analysis

MIABX Category Low Category High MIABX % Rank Quintile
Dividend Yield 0.1% 0.00% 0.93% 50.52% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MIABX Category Low Category High MIABX % Rank Quintile
Net Income Ratio -0.08% -1.31% 5.87% 72.64% 5

Capital Gain Distribution Analysis

MIABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

MIABX - Managers

Erik S. Weisman

Manager

Start Date

Sep 30, 2003

Tenure

13.76

Tenure Rank

0.6%

Mr Weisman, is an investment officer and portfolio manager at MFS Investment Management®. He manages the firm's inflation-adjusted bond, strategic income, global bond, global total return, and global government portfolios. He joined the firm in 2002 as a global sovereign fixed-income research analyst. Previously, he served for two years as assistant to the U.S. Executive Director and for two years as an international economist in the U.S. Department of the Treasury. Erik earned a bachelor's degree from the University of Michigan and master's and Ph.D. degree from Duke University.


Geoffrey L. Schechter

Manager

Start Date

Dec 01, 2016

Tenure

0.58

Tenure Rank

19.8%

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

21.1

Category Average

5.98

Category Mode

2.5