MFGSX: MFS Government Securities A

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MFGSX MFS Government Securities A


Profile

MFGSX - Profile

Vitals

  • YTD Return 4.0%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $2.1 B
  • Holdings in Top 10 36.7%

52 WEEK LOW AND HIGH

$9.95
$9.49
$10.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 56.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 4.0%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.12%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Government Securities Fund
  • Fund Family Name
    MFS
  • Inception Date
    Jul 25, 1984
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Geoffrey L. Schechter

Fund Description

The fund normally invests at least 80% of its net assets in U.S. government securities. U.S. government securities include mortgage-backed securities and other types of securitized instruments issued or guaranteed by the U.S. Treasury, by an agency or instrumentality of the U.S. government, or by a U.S. government-sponsored entity. It generally invests substantially all of its assets in investment grade quality debt instruments. The fund may invest a significant percentage of the fund's assets in a single issuer or a small number of issuers.


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Categories

Performance

MFGSX - Performance

Return Ranking - Trailing

Period MFGSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -0.1% 5.5% 17.67%
1 Yr 5.1% -2.0% 10.4% 34.26%
3 Yr 0.5%* -1.6% 3.7% 50.53%
5 Yr -0.5%* -2.0% 2.7% 68.39%
10 Yr -0.2%* -2.1% 3.6% 52.78%

* Annualized

Return Ranking - Calendar

Period MFGSX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -3.4% -0.7% 66.50%
2017 -0.5% -2.3% 0.9% 60.44%
2016 -1.7% -3.3% 1.4% 83.14%
2015 -1.7% -4.5% 0.2% 60.98%
2014 2.4% -1.1% 13.7% 61.25%

Total Return Ranking - Trailing

Period MFGSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% 0.2% 5.5% 17.67%
1 Yr 5.1% 0.6% 10.4% 29.17%
3 Yr 0.5%* -0.9% 3.7% 62.11%
5 Yr -0.5%* -2.0% 2.7% 77.01%
10 Yr -0.1%* -2.1% 3.6% 70.83%

* Annualized

Total Return Ranking - Calendar

Period MFGSX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -3.4% 3.0% 76.85%
2017 -0.5% -2.0% 2.8% 70.33%
2016 -1.7% -3.3% 1.5% 87.79%
2015 -1.7% -4.5% 2.0% 79.88%
2014 2.4% -1.1% 17.2% 75.63%

NAV & Total Return History


Holdings

MFGSX - Holdings

Concentration Analysis

MFGSX Category Low Category High MFGSX % Rank
Net Assets 2.1 B 15.4 M 24.4 B 34.10%
Number of Holdings 483 2 15786 33.64%
Net Assets in Top 10 765 M 0 8.37 B 29.03%
Weighting of Top 10 36.67% 0.0% 200.8% 41.47%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 6.82%
  2. Ust Bond 2yr Future Dec 31 19 6.72%
  3. United States Treasury Bonds 2.5% 5.02%
  4. United States Treasury Notes 3.13% 4.64%
  5. United States Treasury Notes 2% 3.49%
  6. US 10 Year Note (CBT) Dec19 3.01%
  7. United States Treasury Notes 2.88% 2.57%
  8. United States Treasury Bonds 2.88% 1.51%
  9. United States Treasury Bonds 2.88% 1.46%
  10. Government National Mortgage Association 4% 1.42%

Asset Allocation

Weighting Return Low Return High MFGSX % Rank
Bonds
103.12% 0.00% 141.12% 16.59%
Convertible Bonds
0.25% 0.00% 0.25% 3.23%
Stocks
0.00% -0.01% 13.31% 24.88%
Preferred Stocks
0.00% 0.00% 0.01% 26.27%
Other
0.00% -40.57% 16.30% 30.88%
Cash
-3.37% -43.12% 100.00% 83.87%

Bond Sector Breakdown

Weighting Return Low Return High MFGSX % Rank
Securitized
56.73% 0.00% 155.37% 59.91%
Government
42.74% -14.27% 100.00% 39.63%
Corporate
2.51% 0.00% 10.08% 8.29%
Municipal
1.39% 0.00% 15.57% 13.82%
Derivative
0.00% -13.80% 0.04% 24.88%
Cash & Equivalents
-3.37% -43.16% 100.00% 83.87%

Bond Geographic Breakdown

Weighting Return Low Return High MFGSX % Rank
US
101.56% 0.00% 139.74% 16.59%
Non US
1.56% 0.00% 6.18% 23.04%

Expenses

MFGSX - Expenses

Operational Fees

MFGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.00% 3.79% 45.62%
Management Fee 0.40% 0.00% 0.85% 58.06%
12b-1 Fee 0.25% 0.00% 1.00% 32.00%
Administrative Fee N/A 0.00% 0.45% N/A

Sales Fees

MFGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 1.00% 4.75% 22.86%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MFGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

MFGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 1482.00% 33.18%

Distributions

MFGSX - Distributions

Dividend Yield Analysis

MFGSX Category Low Category High MFGSX % Rank
Dividend Yield 0.35% 0.00% 2.69% 97.24%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MFGSX Category Low Category High MFGSX % Rank
Net Income Ratio 2.12% 0.34% 3.03% 51.15%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

MFGSX - Fund Manager Analysis

Managers

Geoffrey L. Schechter


Start Date

Tenure

Tenure Rank

Apr 30, 2006

13.59

13.6%

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.

Jake Stone


Start Date

Tenure

Tenure Rank

Sep 01, 2018

1.25

1.3%

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 Category High Category Average Category Mode
0.1 29.13 7.83 4.85