XMCRX: MFS® Charter Income - MutualFunds.com

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MFS® Charter Income

XMCRX - Snapshot

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 7.1%
  • Net Assets $386 M
  • Holdings in Top 10 48.5%

52 WEEK LOW AND HIGH

$8.74
$7.42
$9.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

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

BROKERAGE FEES

  • Turnover 94.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style High Yield Bond

Compare XMCRX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.83

-0.17%

$27.23 B

5.43%

$0.32

-2.18%

0.23%

$84.16

+0.05%

$25.71 B

5.17%

$4.39

-5.09%

0.49%

$7.49

-0.13%

$24.81 B

5.75%

$0.43

-3.60%

0.60%

$5.32

-0.38%

$19.52 B

6.21%

$0.33

-4.66%

0.80%

$9.70

-0.10%

$16.70 B

6.42%

$0.63

-3.77%

0.72%

XMCRX - Profile

Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 7.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS® Charter Income
  • Fund Family Name
    MFS
  • Inception Date
    Jul 20, 1989
  • Shares Outstanding
    44314972
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Hawkins

Fund Description

N/A


XMCRX - Performance

Return Ranking - Trailing

Period XMCRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -52.4% 377.3% 29.57%
1 Yr 4.5% -51.6% 10.0% 7.37%
3 Yr 5.8%* -20.4% 8.3% 1.89%
5 Yr 7.1%* -0.7% 9.5% 3.77%
10 Yr 6.1%* 1.0% 9.4% 17.31%

* Annualized

Return Ranking - Calendar

Period XMCRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.0% -10.3% 226.1% 58.42%
2018 -9.0% -18.4% -0.2% 77.96%
2017 -1.5% -9.5% 18.8% 95.67%
2016 4.2% -9.1% 28.6% 92.54%
2015 -9.5% -34.3% 3.5% 55.88%

Total Return Ranking - Trailing

Period XMCRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -52.4% 374.3% 29.57%
1 Yr 4.5% -51.6% 10.0% 6.00%
3 Yr 5.8%* -20.4% 8.3% 1.60%
5 Yr 7.1%* -1.0% 9.5% 3.61%
10 Yr 6.1%* 1.0% 9.4% 15.89%

* Annualized

Total Return Ranking - Calendar

Period XMCRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.0% -8.1% 23.9% 62.59%
2018 -9.0% -18.4% 1.3% 82.37%
2017 -1.5% -8.5% 18.8% 98.00%
2016 4.2% -9.1% 39.0% 93.96%
2015 -9.5% -32.4% 3.5% 62.43%

NAV & Total Return History


XMCRX - Holdings

Concentration Analysis

XMCRX Category Low Category High XMCRX % Rank
Net Assets 386 M 3.48 M 27.2 B 51.10%
Number of Holdings 918 1 2037 9.39%
Net Assets in Top 10 -127 M -476 M 2.87 B 99.86%
Weighting of Top 10 48.48% 3.0% 100.0% 5.11%

Top 10 Holdings

  1. 10 Year Treasury Note Future Dec 20 13.01%
  2. 10 Year Treasury Note Future Dec 20 13.01%
  3. 10 Year Treasury Note Future Dec 20 13.01%
  4. 10 Year Treasury Note Future Dec 20 13.01%
  5. 10 Year Treasury Note Future Dec 20 13.01%
  6. 10 Year Treasury Note Future Dec 20 13.01%
  7. 10 Year Treasury Note Future Dec 20 12.79%
  8. 10 Year Treasury Note Future Dec 20 12.79%
  9. 10 Year Treasury Note Future Dec 20 12.79%
  10. 10 Year Treasury Note Future Dec 20 12.79%

Asset Allocation

Weighting Return Low Return High XMCRX % Rank
Bonds
85.37% 0.00% 137.50% 92.52%
Cash
16.28% -39.51% 100.00% 2.45%
Convertible Bonds
1.08% 0.00% 19.96% 32.52%
Stocks
0.06% -28.46% 28.23% 57.14%
Preferred Stocks
0.00% 0.00% 6.39% 53.33%
Other
-2.78% -2.78% 58.14% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High XMCRX % Rank
Corporate
40.23% 0.00% 100.00% 97.00%
Cash & Equivalents
19.19% 0.00% 100.00% 2.45%
Derivative
19.07% 0.00% 51.02% 2.45%
Government
16.64% 0.00% 71.97% 3.81%
Securitized
4.47% 0.00% 95.69% 7.63%
Municipal
0.40% 0.00% 16.25% 0.82%

Bond Geographic Breakdown

Weighting Return Low Return High XMCRX % Rank
US
56.61% 0.00% 128.94% 91.16%
Non US
28.76% -28.02% 97.08% 11.56%

XMCRX - Expenses

Operational Fees

XMCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.04% 20.17% 29.39%
Management Fee 0.32% 0.00% 1.84% 6.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

XMCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

XMCRX 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.

XMCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 94.00% 1.00% 349.00% 87.15%

XMCRX - Distributions

Dividend Yield Analysis

XMCRX Category Low Category High XMCRX % Rank
Dividend Yield 0.00% 0.00% 7.15% 29.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XMCRX Category Low Category High XMCRX % Rank
Net Income Ratio 4.11% -0.81% 10.03% 86.70%

Capital Gain Distribution Analysis

XMCRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

XMCRX - Fund Manager Analysis

Managers

Richard Hawkins


Start Date

Tenure

Tenure Rank

Dec 30, 2004

15.76

15.8%

Richard O. Hawkins, CFA - Investment Officer - Fixed Income Portfolio Manager - Serves on MFS Fixed Income Strategy Group, Fixed Income Risk & Opportunities Group. - As an Investment Grade Fixed Income Portfolio Manager, responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. Participates in the research process and strategy discussions. - Joined MFS in 1988; previous positions include High Grade Credit Research Analyst; European Credit Research Analyst; International Sovereign and Currency Analyst. - Previous experience includes 2 years

Matthew Ryan


Start Date

Tenure

Tenure Rank

Dec 30, 2004

15.76

15.8%

Matthew W. Ryan, CFA, is an investment officer and a portfolio manager of Massachusetts Financial Services Company. Before joining the firm in 1997, Matt worked for four years as an economist at the International Monetary Fund and for five years as an international economist with the U.S. Department of the Treasury. He was named a portfolio manager at MFS in 1998. He is a graduate of Williams College and earned a master's degree in international economics and foreign policy from Johns Hopkins University. Matt also holds the Chartered Financial Analyst (CFA) designation.

John Addeo


Start Date

Tenure

Tenure Rank

Dec 30, 2005

14.76

14.8%

John F. Addeo, CFA, is the Global Fixed Income Chief Investment Officer at Manulife Investment Management. John is a value-oriented fundamental investor with over 25 years of experience investing across the entire capital structure and credit spectrum. Prior to joining the company, he was with MFS Investment Management, where he held progressive portfolio management roles, most recently as an investment officer for the High Yield Bond Group. Earlier in his career, John held high yield analyst roles covering a wide variety of industries at Eaton Vance and Keystone Investments.

David Cole


Start Date

Tenure

Tenure Rank

Oct 31, 2006

13.93

13.9%

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.

Robert Spector


Start Date

Tenure

Tenure Rank

Apr 05, 2017

3.49

3.5%

Michael Skatrud


Start Date

Tenure

Tenure Rank

Mar 01, 2018

2.59

2.6%

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.

Andy Li


Start Date

Tenure

Tenure Rank

Feb 01, 2019

1.66

1.7%

Li joined MFS in 2018 as a fixed income portfolio manager primarily focused on non–US dollar credit securities. His prior experience includes four years as a portfolio manager at Man GLG, six years as a portfolio manager at ECM Asset Management and two years as a management consultant at Accenture. He earned a Bachelor of Engineering degree with honors in computer science from Imperial College, London.

Philipp Burgener


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.75

0.8%

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.

Henry Peabody


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.75

0.8%

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
0.03 36.13 6.43 1.25