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MIATX MFS Inflation-Adjusted Bond R2

  • Fund
  • MIATX
  • Price as of: May 23, 2019
  • $10.18 + $0.04 + 0.39%
  • Category
  • Inflation-Protected Bonds
  • Fund Company
  • MFS

MIATX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $1.16 B
  • Holdings in Top 10 39.6%

52 WEEK LOW AND HIGH

$10.18
$9.77
$10.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.21%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Inflation-Protected Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Inflation-Protected Bond

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MFS Inflation-Adjusted Bond Fund
  • Fund Family Name MFS
  • Inception Date Sep 01, 2004
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Erik S. Weisman

Fund Description

The fund normally invests at least 80% of the fund's net assets in inflation-adjusted debt instruments and other investments with similar economic characteristics. MFS currently intends to focus the fund's investments in inflation-adjusted debt instruments issued by the U.S. Treasury.

MIATX - Performance

Return Ranking - Trailing

Period MIATX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% 1.6% 7.7% 62.25%
1 Yr 0.9% -4.2% 2.6% 40.94%
3 Yr -0.6%* -1.9% 1.3% 85.91%
5 Yr -0.9%* -4.6% 0.3% 68.71%
10 Yr 0.5%* -2.1% 1.8% 47.13%

* Annualized


Return Ranking - Calendar

Period MIATX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -11.1% -1.8% 59.06%
2017 0.5% -2.8% 6.2% 56.38%
2016 2.3% -0.2% 12.1% 69.13%
2015 -3.0% -19.2% -0.1% 57.72%
2014 1.1% -8.8% 20.3% 30.71%

Total Return Ranking - Trailing

Period MIATX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% 1.6% 7.7% 64.90%
1 Yr 0.9% -4.2% 4.9% 64.43%
3 Yr -0.6%* -1.4% 5.4% 91.95%
5 Yr -0.9%* -4.0% 1.8% 85.71%
10 Yr 0.7%* -2.1% 9.0% 90.80%

* Annualized


Total Return Ranking - Calendar

Period MIATX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -10.1% 0.4% 75.84%
2017 0.5% -2.5% 9.6% 74.50%
2016 2.3% -0.2% 19.0% 74.50%
2015 -3.0% -12.6% 0.0% 66.44%
2014 1.1% -8.8% 24.6% 47.86%

NAV & Total Return History

MIATX - Holdings

Concentration Analysis

MIATX Category Low Category High MIATX % Rank
Net Assets 1.16 B 26.3 M 29.1 B 34.90%
Number of Holdings 73 5 1473 65.77%
Net Assets in Top 10 460 M 12.6 M 21 B 28.86%
Weighting of Top 10 39.62% 4.9% 176.6% 72.48%

Top 10 Holdings

  1. United States Treasury Notes 4.74%

  2. United States Treasury Notes 4.72%

  3. United States Treasury Notes 4.18%

  4. United States Treasury Notes 4.05%

  5. United States Treasury Bonds 4.04%

  6. United States Treasury Notes 3.77%

  7. United States Treasury Notes 3.75%

  8. United States Treasury Notes 3.59%

  9. United States Treasury Bonds 3.63% 3.43%

  10. United States Treasury Notes 3.36%


Asset Allocation

Weighting Return Low Return High MIATX % Rank
Bonds
97.25% 7.49% 129.15% 43.62%
Cash
2.75% -30.66% 92.50% 38.93%
Stocks
0.00% -0.01% 18.59% 32.89%
Preferred Stocks
0.00% 0.00% 2.06% 40.27%
Other
0.00% -1.66% 14.33% 39.60%
Convertible Bonds
0.00% 0.00% 5.82% 50.34%

Bond Sector Breakdown

Weighting Return Low Return High MIATX % Rank
Government
90.83% 0.00% 108.99% 34.90%
Securitized
2.86% 0.00% 49.50% 46.31%
Cash & Equivalents
2.74% -30.36% 92.40% 26.85%
Corporate
2.69% 0.00% 65.31% 49.66%
Municipal
0.87% 0.00% 99.98% 3.36%
Derivative
0.01% -89.67% 2.56% 16.78%

Bond Geographic Breakdown

Weighting Return Low Return High MIATX % Rank
US
93.23% 6.40% 129.43% 53.02%
Non US
4.02% -10.03% 28.93% 22.82%

MIATX - Expenses

Operational Fees

MIATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.04% 2.63% 31.79%
Management Fee 0.49% 0.00% 0.69% 66.23%
12b-1 Fee 0.50% 0.00% 1.00% 64.04%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

MIATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

MIATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 3.00% 519.00% 17.33%

MIATX - Distributions

Dividend Yield Analysis

MIATX Category Low Category High MIATX % Rank
Dividend Yield 0.02% 0.00% 1.01% 57.62%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MIATX Category Low Category High MIATX % Rank
Net Income Ratio 2.09% -0.25% 5.26% 62.91%

Capital Gain Distribution Analysis

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

MIATX - Managers

Erik S. Weisman

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2003

15.59

15.6%

Mr Weisman, is an investment officer and portfolio manager at MFS Investment Management®. He manages the firm's inflation-adjusted bond, strategic income, global bond, global total return, and global government portfolios. He joined the firm in 2002 as a global sovereign fixed-income research analyst. Previously, he served for two years as assistant to the U.S. Executive Director and for two years as an international economist in the U.S. Department of the Treasury. Erik earned a bachelor's degree from the University of Michigan and master's and Ph.D. degree from Duke University.


Geoffrey L. Schechter

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2016

2.41

2.4%

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.


Tenure Analysis

Category Low

0.16

Category High

22.92

Category Average

6.58

Category Mode

9.26