MFIOX: MFS Income A

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MFIOX MFS Income A


Profile

MFIOX - Profile

Vitals

  • YTD Return 5.3%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $401 M
  • Holdings in Top 10 38.7%

52 WEEK LOW AND HIGH

$7.14
$6.06
$7.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 103.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Income Fund
  • Fund Family Name
    MFS
  • Inception Date
    Oct 29, 1987
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Persons

Fund Description

MFS normally invests the fund's assets primarily in a broad range of debt instruments issued by U.S. and foreign corporate, government, and other entities, including below investment grade quality debt instruments and debt instruments of issuers located in emerging market countries. MFS focuses on investing the fund's assets in corporate bonds, mortgage-backed securities and other securitized instruments, U.S. government securities, and debt instruments of issuers located in emerging market countries.


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Categories

Performance

MFIOX - Performance

Return Ranking - Trailing

Period MFIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -12.1% 14.0% 55.98%
1 Yr 5.3% -11.9% 11.3% 40.99%
3 Yr 2.5%* -7.6% 5.2% 30.68%
5 Yr 2.0%* -6.3% 25.6% 16.56%
10 Yr 0.9%* -4.7% 11.6% 23.08%

* Annualized

Return Ranking - Calendar

Period MFIOX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -1.3% 13.9% 2.74%
2018 -5.3% -10.3% 2.7% 89.95%
2017 2.3% -2.2% 8.1% 29.82%
2016 4.0% -22.1% 192.8% 8.13%
2015 -5.7% -12.2% -0.4% 84.77%

Total Return Ranking - Trailing

Period MFIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -12.1% 14.0% 55.98%
1 Yr 5.3% -11.9% 11.3% 40.99%
3 Yr 2.5%* -7.6% 5.2% 44.32%
5 Yr 2.0%* -6.3% 28.5% 43.95%
10 Yr 0.9%* -4.7% 16.1% 58.65%

* Annualized

Total Return Ranking - Calendar

Period MFIOX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -1.2% 13.9% 2.74%
2018 -5.3% -10.3% 3.9% 91.01%
2017 2.3% -2.2% 8.4% 50.88%
2016 4.0% -22.1% 204.3% 20.63%
2015 -5.7% -12.2% 3.7% 89.40%

NAV & Total Return History


Holdings

MFIOX - Holdings

Concentration Analysis

MFIOX Category Low Category High MFIOX % Rank
Net Assets 401 M 3.17 M 70.6 B 55.47%
Number of Holdings 280 5 7322 65.45%
Net Assets in Top 10 53.5 M -1.26 B 27.3 B 58.94%
Weighting of Top 10 38.66% 5.8% 94.9% 32.76%

Top 10 Holdings

  1. Ust Bond 2yr Future Sep 30 20 13.27%
  2. Ultra 10 Year US Treasury Note Future Sept 20 12.40%
  3. United States Treasury Notes 3.50%
  4. United States Treasury Bonds 2.46%
  5. Ultra US Treasury Bond Future Sept 20 2.15%
  6. Bank of America Corporation 3.25% 1.23%
  7. Wells Fargo Commercial Mortgage Trust 1.02%
  8. GS MORTGAGE SECURITIES TRUST 1.02%
  9. CCUBS COML MTG TR 2017-C1 3.54% 0.87%
  10. Westinghouse Air Brake Technologies Corporation 0.74%

Asset Allocation

Weighting Return Low Return High MFIOX % Rank
Bonds
101.62% -62.81% 231.56% 17.41%
Convertible Bonds
0.80% 0.00% 4.38% 69.51%
Stocks
0.02% -0.03% 12.20% 15.38%
Preferred Stocks
0.00% 0.00% 7.73% 45.93%
Other
0.00% -7.84% 7.38% 31.30%
Cash
-2.44% -137.69% 168.59% 81.71%

Bond Sector Breakdown

Weighting Return Low Return High MFIOX % Rank
Corporate
53.94% 0.00% 83.87% 16.67%
Securitized
22.77% 0.00% 87.00% 63.41%
Government
20.82% 0.00% 85.82% 50.41%
Municipal
1.52% 0.00% 27.42% 20.33%
Cash & Equivalents
0.51% 0.00% 58.89% 94.72%
Derivative
0.44% 0.00% 30.18% 43.50%

Bond Geographic Breakdown

Weighting Return Low Return High MFIOX % Rank
US
79.10% -63.01% 239.68% 50.00%
Non US
22.52% -140.55% 83.99% 23.58%

Expenses

MFIOX - Expenses

Operational Fees

MFIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.02% 18.96% 42.92%
Management Fee 0.50% 0.00% 0.96% 76.54%
12b-1 Fee 0.25% 0.00% 1.00% 29.23%
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

MFIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 1.50% 4.75% 21.88%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MFIOX 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.

MFIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 103.00% 7.12% 438.00% 44.23%

Distributions

MFIOX - Distributions

Dividend Yield Analysis

MFIOX Category Low Category High MFIOX % Rank
Dividend Yield 0.00% 0.00% 3.49% 26.32%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MFIOX Category Low Category High MFIOX % Rank
Net Income Ratio 3.05% -0.35% 10.54% 26.84%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MFIOX - Fund Manager Analysis

Managers

Robert Persons


Start Date

Tenure

Tenure Rank

Oct 31, 2005

14.76

14.8%

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.

David Cole


Start Date

Tenure

Tenure Rank

May 01, 2011

9.26

9.3%

David P. Cole, CFA, is an Investment Officer of MFS Investment Management® (MFS®) and Portfolio Manager at the firm. David employed in the investment area of MFS since 2004 after working for five years as a High Yield Analyst for Franklin Templeton Investments. Prior to this, he served as a financial economist/treasury market analyst for Thomson Financial Services and two years as an economist for Standard and Poor's. David has a bachelor's degree from Cornell University and an MBA from University of California, Berkeley. He holds the Chartered Financial Analyst (CFA) designation.

Joshua Marston


Start Date

Tenure

Tenure Rank

Oct 31, 2015

4.75

4.8%

Joshua P. Marston, Portfolio Manager, is an Investment Officer, Director of Fixed Income, and Director of Structured & Financial Research at MFS Investment Management® (MFS®). Josh's responsibilities include managing MFS' fixed income portfolio management team as well as oversight of MFS' structured product strategy, dedicated structured product portfolios, and portfolio management responsibilities for several of the firm's other fixed income strategies. Mr. Marston has been employed in the investment area of MFS since 1999 as a credit analyst.

Alexander Mackey


Start Date

Tenure

Tenure Rank

Feb 01, 2017

3.5

3.5%

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.

Philipp Burgener


Start Date

Tenure

Tenure Rank

Feb 01, 2017

3.5

3.5%

Philipp S. Burgener, CFA, is an investment officer and fixed income portfolio manager with MFS Investment Management(r) (MFS(r)). He is a member of the firm's limited duration portfolio management team. He also has research analyst responsibilities. Philipp joined MFS in 2000 as an inside wholesaler and transferred to the Fixed Income Department in 2002 as an analytic support associate in the Quantitative Group. In 2003 he joined the Structured Products Group and was promoted to an Investment Grade Research Analyst in 2005. He took on portfolio management responsibilities in 2017. Philipp earned a Bachelor of Arts degree from Colgate University and his Master of Science degree from Boston University. He is also a member of the CFA Institute and Boston Security Analysts Society, Inc.

Michael Skatrud


Start Date

Tenure

Tenure Rank

Mar 01, 2018

2.42

2.4%

Michael Skatrud, CFA, is an investment officer and fixed income research analyst at MFS Investment Management (MFS). He is responsible for identifying the most attractive investment opportunities in his assigned coverage universe and he works closely with portfolio managers to ensure ideas are properly positioned within portfolios. Michael joined MFS in 2013 from Columbia Management, where he had worked as a high yield analyst for four years. Previously, he was a senior credit analyst at Oppenheimer Funds, Inc., for two years and spent seven years as a corporate bond analyst at Putnam Investments. He began his career in the financial services industry in 1996. Michael earned a Bachelor of Science from the University of Wisconsin and holds a Master of Business Administration from the University of Pennsylvania's Wharton School of Business. He is a CFA charter holder and a member of the CFA Society Boston.

Neeraj Arora


Start Date

Tenure

Tenure Rank

Jun 01, 2018

2.17

2.2%

Neeraj Arora is an investment officer and fixed income research analyst for MFS Investment Management® (MFS®). He is a member of the portfolio management team for the firm's Strategic Income strategy, responsible for managing the emerging market debt securities within the strategy. He is a member of the firm's emerging market debt team and works closely with MFS' emerging markets debt portfolio management team to identify attractive investment opportunities. Neeraj joined MFS in 2011. He was previously a vice president and research analyst at J.P. Morgan. He added portfolio management responsibilities in 2018. He earned a bachelor's degree from Marquette University and holds a Master's of Business Administration from Georgetown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.6 5.8 5.85