MFBBX: MFS Corporate Bond B

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MFBBX MFS Corporate Bond B


Profile

MFBBX - Profile

Vitals

  • YTD Return 6.5%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $5.79 B
  • Holdings in Top 10 25.7%

52 WEEK LOW AND HIGH

$15.64
$13.08
$15.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.54%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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 6.5% -31.9% 954.3% 11.45%
1 Yr 7.3% -28.2% 951.8% 7.22%
3 Yr 3.5%* -17.5% 120.9% 4.77%
5 Yr 2.7%* -8.5% 60.6% 4.31%
10 Yr 1.5%* -5.2% 14.4% 3.93%

* Annualized

Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
2019 11.0% -5.8% 20.3% 2.44%
2018 -6.2% -29.6% 4.6% 93.99%
2017 2.8% -6.0% 15.8% 10.51%
2016 2.5% -7.8% 15.0% 8.47%
2015 -4.0% -11.6% 3.0% 89.27%

Total Return Ranking - Trailing

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -31.9% 954.3% 11.45%
1 Yr 7.3% -28.2% 951.8% 7.04%
3 Yr 3.5%* -17.5% 120.9% 8.86%
5 Yr 2.8%* -8.5% 60.6% 11.54%
10 Yr 1.6%* -5.2% 16.2% 17.59%

* Annualized

Total Return Ranking - Calendar

Period MFBBX Return Category Return Low Category Return High Rank in Category (%)
2019 11.0% -5.8% 20.3% 2.49%
2018 -6.2% -29.6% 4.6% 95.88%
2017 2.8% -6.0% 15.8% 18.43%
2016 2.5% -7.8% 15.0% 14.86%
2015 -3.8% -9.9% 3.0% 90.97%

NAV & Total Return History


Holdings

MFBBX - Holdings

Concentration Analysis

MFBBX Category Low Category High MFBBX % Rank
Net Assets 5.79 B 619 K 88.4 B 9.38%
Number of Holdings 341 1 10083 46.99%
Net Assets in Top 10 325 M -202 M 26.9 B 24.41%
Weighting of Top 10 25.65% 2.6% 100.0% 38.34%

Top 10 Holdings

  1. 10 Year Treasury Note Future Sept 20 6.95%
  2. Ust Bond 2yr Future Sep 30 20 5.39%
  3. Ultra US Treasury Bond Future Sept 20 3.67%
  4. Ultra 10 Year US Treasury Note Future Sept 20 3.05%
  5. United States Treasury Notes 0.5% 1.40%
  6. United States Treasury Bonds 3% 1.26%
  7. Royal Bank of Canada 2.55% 1.07%
  8. Broadcom Corporation/Broadcom Cayman Finance Ltd 3.88% 1.00%
  9. The Bank of New York Mellon Corporation 2.95% 0.97%
  10. Charter Communications Operating, LLC/Charter Communications Operating Capi 0.89%

Asset Allocation

Weighting Return Low Return High MFBBX % Rank
Bonds
94.07% 78.92% 199.79% 69.93%
Cash
3.59% -128.23% 19.68% 38.07%
Convertible Bonds
2.33% 0.00% 9.45% 12.51%
Stocks
0.00% -4.99% 21.62% 90.53%
Preferred Stocks
0.00% -0.17% 22.02% 92.41%
Other
0.00% -9.40% 31.94% 85.06%

Bond Sector Breakdown

Weighting Return Low Return High MFBBX % Rank
Corporate
85.27% 0.00% 99.00% 3.68%
Government
10.83% -2.21% 99.96% 38.99%
Cash & Equivalents
3.27% -26.49% 93.17% 48.64%
Municipal
0.59% 0.00% 100.06% 62.76%
Securitized
0.05% 0.00% 97.53% 52.41%
Derivative
0.00% 0.00% 39.43% 91.72%

Bond Geographic Breakdown

Weighting Return Low Return High MFBBX % Rank
US
79.97% 49.78% 199.79% 84.92%
Non US
14.10% -12.10% 39.65% 11.77%

Expenses

MFBBX - Expenses

Operational Fees

MFBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.54% 0.01% 34.57% 17.07%
Management Fee 0.38% 0.00% 1.60% 47.62%
12b-1 Fee 1.00% 0.00% 1.00% 98.36%
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% 9.44%

Trading Fees

MFBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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 36.00% 0.00% 496.90% 45.64%

Distributions

MFBBX - Distributions

Dividend Yield Analysis

MFBBX Category Low Category High MFBBX % Rank
Dividend Yield 0.00% 0.00% 3.88% 89.75%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MFBBX Category Low Category High MFBBX % Rank
Net Income Ratio 2.18% -0.81% 6.02% 68.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MFBBX - Fund Manager Analysis

Managers

Robert Persons


Start Date

Tenure

Tenure Rank

Oct 01, 2005

14.93

14.9%

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

3.41

3.4%

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.

Henry Peabody


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.67

0.7%

HENRY L. PEABODY, CFA, AVP, Research Analyst, B.A. Trinity College. Mr. Peabody is a Vice President and investment grade credit analyst in Eaton Vance’s investment grade fixed income group. Prior to joining Eaton Vance in 2013, Mr. Peabody served as a credit research analyst with Merganser Capital Management (2010 - 2013) and as an analyst and trader with Emerson Investment Management (2004 - 2010). Mr. Turgel is a Vice President and senior credit analyst and has been a member of Eaton Vance’s bank loan group for more than five years. Henry joined Merganser in 2010 and is a research analyst working with the credit sector team. Prior to joining Merganser, Henry worked at Emerson Investment Management as a Senior Analyst/Trader. He covered high grade and high yield credit and led the Core Investment Grade management team. In addition to credit research and portfolio management responsibilities, Henry also traded fixed income securities. Henry is currently pursuing his M.B.A. at Boston College. Henry holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst Society.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 7.05 0.17