MFBBX: MFS Corporate Bond B

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MFBBX MFS Corporate Bond B

  • Fund
  • MFBBX
  • Price as of: Jan 17, 2020
  • $14.79
    - $0.01 - 0.07%
  • Fund Company
  • MFS

Profile

MFBBX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $4.8 B
  • Holdings in Top 10 33.0%

52 WEEK LOW AND HIGH

$14.79
$13.36
$14.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.54%

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

Fund Classification


Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

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


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Categories

Performance

MFBBX - Performance

Return Ranking - Trailing

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -0.3% 3.8% 39.91%
1 Yr 11.0% -1.5% 23.2% 2.98%
3 Yr 2.4%* -5.1% 8.8% 21.50%
5 Yr 1.0%* -5.9% 6.3% 25.62%
10 Yr 1.4%* -8.6% 8.0% 31.04%

* Annualized

Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
2019 11.0% -1.7% 83.9% 2.10%
2018 -6.2% -12.4% 0.8% 95.47%
2017 2.8% -6.0% 17.1% 8.90%
2016 2.5% -58.1% 8.6% 7.38%
2015 -4.0% -18.3% 3.0% 91.00%

Total Return Ranking - Trailing

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -0.3% 3.8% 39.91%
1 Yr 11.0% -2.6% 23.2% 2.85%
3 Yr 2.4%* -5.1% 8.8% 26.00%
5 Yr 1.0%* -5.9% 6.3% 34.74%
10 Yr 1.4%* -8.6% 8.0% 40.20%

* Annualized

Total Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
2019 11.0% -1.7% 83.9% 2.20%
2018 -6.2% -11.7% 6.5% 96.62%
2017 2.8% -6.0% 27.0% 18.69%
2016 2.5% -58.1% 10.7% 14.72%
2015 -3.8% -14.6% 4.2% 92.93%

NAV & Total Return History


Holdings

MFBBX - Holdings

Concentration Analysis

MFBBX Category Low Category High MFBBX % Rank
Net Assets 4.8 B 688 K 249 B 15.98%
Number of Holdings 291 1 17590 50.11%
Net Assets in Top 10 509 M -203 M 24.3 B 20.67%
Weighting of Top 10 32.96% 2.3% 138.1% 25.21%

Top 10 Holdings

  1. Ust Bond 10yr Future Mar 20 20 7.80%
  2. Ust Bond 2yr Future Mar 31 20 6.38%
  3. Ust Bond 30yr Future Mar 20 20 4.71%
  4. United States Treasury Bonds 3% 4.26%
  5. Ust 10yr Ultra Bond Future Mar 20 20 3.31%
  6. United States Treasury Bonds 3.5% 2.01%
  7. Royal Bank of Canada 2.55% 1.24%
  8. The Bank of New York Mellon Corporation 2.95% 1.16%
  9. Broadcom Corporation/Broadcom Cayman Finance Ltd 3.88% 1.13%
  10. Bank of America Corporation 2.74% 0.97%

Asset Allocation

Weighting Return Low Return High MFBBX % Rank
Bonds
96.85% 80.34% 160.64% 55.40%
Convertible Bonds
1.67% 0.00% 6.14% 10.65%
Cash
1.12% -60.64% 28.73% 61.33%
Preferred Stocks
0.37% 0.00% 7.32% 5.33%
Stocks
0.00% -17.64% 26.05% 60.33%
Other
0.00% -26.77% 31.28% 59.34%

Bond Sector Breakdown

Weighting Return Low Return High MFBBX % Rank
Corporate
82.60% 0.00% 99.29% 3.52%
Government
15.62% 0.00% 100.00% 39.67%
Cash & Equivalents
1.00% -26.49% 21.73% 69.60%
Municipal
0.71% 0.00% 100.00% 57.17%
Securitized
0.06% 0.00% 97.31% 54.01%
Derivative
0.00% 0.00% 24.34% 62.36%

Bond Geographic Breakdown

Weighting Return Low Return High MFBBX % Rank
US
83.46% 67.16% 160.64% 80.75%
Non US
13.39% -27.08% 20.66% 13.03%

Expenses

MFBBX - Expenses

Operational Fees

MFBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.54% 0.00% 209.96% 15.05%
Management Fee 0.38% 0.00% 1.25% 45.88%
12b-1 Fee 1.00% 0.00% 1.00% 92.51%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MFBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 4.00% 0.25% 5.50% 7.80%

Trading Fees

MFBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 2053.00% 43.15%

Distributions

MFBBX - Distributions

Dividend Yield Analysis

MFBBX Category Low Category High MFBBX % Rank
Dividend Yield 0.59% 0.00% 5.21% 56.63%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MFBBX Category Low Category High MFBBX % Rank
Net Income Ratio 2.41% 0.00% 6.30% 60.86%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MFBBX - Fund Manager Analysis

Managers

Robert Persons


Start Date

Tenure

Tenure Rank

Oct 01, 2005

14.26

14.3%

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 Mackey


Start Date

Tenure

Tenure Rank

Apr 05, 2017

2.74

2.7%

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 Category High Category Average Category Mode
0.01 33.1 7.64 0.67