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MFGBX MFS Government Securities B

  • Fund
  • MFGBX
  • Price as of: May 23, 2019
  • $9.77 + $0.04 + 0.41%
  • Category
  • Total Bond Market
  • Fund Company
  • MFS

MFGBX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $1.96 B
  • Holdings in Top 10 37.2%

52 WEEK LOW AND HIGH

$9.77
$9.31
$9.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.61%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 56.00%

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 2.2%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 2.2% -1.4% 8.8% 65.08%
1 Yr 2.7% -16.4% 4.9% 20.86%
3 Yr -1.2%* -4.6% 43.7% 95.68%
5 Yr -0.6%* -5.8% 22.9% 65.87%
10 Yr -0.2%* -7.4% 15.9% 91.80%

* Annualized


Return Ranking - Calendar

Period MFGBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -22.2% 3.1% 32.08%
2017 -0.5% -5.1% 25.1% 94.17%
2016 -1.6% -8.5% 192.8% 97.04%
2015 -1.8% -33.0% 3.0% 34.71%
2014 2.4% -29.8% 32.1% 26.96%

Total Return Ranking - Trailing

Period MFGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.4% 8.8% 66.40%
1 Yr 2.7% -16.4% 8.0% 29.58%
3 Yr -1.2%* -4.6% 48.8% 97.05%
5 Yr -0.6%* -3.8% 28.1% 78.45%
10 Yr -0.2%* -7.4% 18.7% 93.94%

* Annualized


Total Return Ranking - Calendar

Period MFGBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -22.2% 7.9% 42.21%
2017 -0.5% -4.6% 25.1% 95.39%
2016 -1.6% -4.1% 204.3% 98.14%
2015 -1.8% -32.4% 4.2% 48.32%
2014 2.4% -29.8% 32.1% 39.63%

NAV & Total Return History

MFGBX - Holdings

Concentration Analysis

MFGBX Category Low Category High MFGBX % Rank
Net Assets 1.96 B 337 K 218 B 36.36%
Number of Holdings 469 3 17324 50.96%
Net Assets in Top 10 659 M -1.98 B 29.3 B 27.90%
Weighting of Top 10 37.22% 3.4% 1616.9% 33.33%

Top 10 Holdings

  1. United States Treasury Notes 7.09%

  2. US 2 Year Note (CBT) June19 7.09%

  3. United States Treasury Notes 4.91%

  4. United States Treasury Bonds 4.75%

  5. United States Treasury Notes 3.59%

  6. United States Treasury Notes 3.53%

  7. US 10 Year Note (CBT) June19 1.75%

  8. Government National Mortgage Association 1.67%

  9. United States Treasury Bonds 1.45%

  10. United States Treasury Bonds 1.37%


Asset Allocation

Weighting Return Low Return High MFGBX % Rank
Bonds
97.60% -342.57% 340.77% 31.01%
Cash
2.39% -246.66% 453.71% 58.32%
Stocks
0.00% -0.99% 97.68% 80.98%
Preferred Stocks
0.00% -0.18% 20.25% 85.75%
Other
0.00% -98.75% 19.81% 79.99%
Convertible Bonds
0.00% 0.00% 28.21% 95.49%

Bond Sector Breakdown

Weighting Return Low Return High MFGBX % Rank
Securitized
53.31% 0.00% 102.58% 16.04%
Government
39.19% -203.24% 178.24% 20.21%
Corporate
3.71% 0.00% 128.48% 95.36%
Cash & Equivalents
2.27% -547.52% 455.04% 58.25%
Municipal
1.39% 0.00% 102.07% 16.17%
Derivative
0.13% -190.53% 299.06% 16.24%

Bond Geographic Breakdown

Weighting Return Low Return High MFGBX % Rank
US
95.62% -337.34% 218.41% 13.19%
Non US
1.98% -108.37% 122.36% 89.79%

MFGBX - Expenses

Operational Fees

MFGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.61% 0.00% 38.42% 13.65%
Management Fee 0.40% 0.00% 2.15% 54.97%
12b-1 Fee 1.00% 0.00% 1.00% 95.60%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

MFGBX 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% 0.15% 5.50% 9.62%

Trading Fees

MFGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 2337.00% 34.33%

MFGBX - Distributions

Dividend Yield Analysis

MFGBX Category Low Category High MFGBX % Rank
Dividend Yield 0.01% 0.00% 2.87% 93.84%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MFGBX Category Low Category High MFGBX % Rank
Net Income Ratio 1.37% -2.82% 7.22% 91.25%

Capital Gain Distribution Analysis

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

MFGBX - Managers

Geoffrey L. Schechter

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2006

13.01

13.0%

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.


Jake Stone

Manager

Start Date

Tenure

Tenure Rank

Sep 01, 2018

0.66

0.7%

Jake Stone has been employed in the investment area of MFS since July 2018; Vice President, Portfolio Analyst, Fixed Income Portfolio Management Team, Wellington Management Company, LLP from September 2013 to July 2018


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95