MFS Government Securities Fund
Name
As of 09/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.5%
1 yr return
9.6%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
0.0%
Net Assets
$2.14 B
Holdings in Top 10
31.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.52%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 398.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFGJX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 0.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.98%
- Dividend Yield 4.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Government Securities Fund
-
Fund Family NameMFS Funds
-
Inception DateApr 01, 2005
-
Shares OutstandingN/A
-
Share ClassR4
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeoffrey Schechter
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in U.S. Government securities. MFS may also invest the fund's assets in other debt instruments.
U.S. Government securities are securities 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, including mortgage-backed securities and other types of securitized instruments issued or guaranteed by such entities.
MFS generally invests substantially all of the fund’s assets in investment grade quality debt instruments.
MFS may purchase or sell securities for the fund on a when-issued, delayed delivery, or forward commitment basis where payment and delivery take place at a future settlement date, including mortgage-backed securities purchased or sold in the to be announced (TBA) market.
MFS may invest the fund’s assets in foreign securities.
MFS may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.
MFS may engage in active and frequent trading in pursuing the fund’s principal investment strategies.
While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. Derivatives include futures, forward contracts, options, and swaps.
MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.
For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
MFGJX - Performance
Return Ranking - Trailing
Period | MFGJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -3.9% | 19.1% | 34.07% |
1 Yr | 9.6% | -4.4% | 31.0% | 39.38% |
3 Yr | -1.9%* | -7.1% | 11.4% | 55.56% |
5 Yr | 0.0%* | -5.0% | 3.1% | 46.95% |
10 Yr | 1.0%* | -1.8% | 3.4% | 47.62% |
* Annualized
Return Ranking - Calendar
Period | MFGJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -1.0% | 22.1% | 66.81% |
2022 | -13.6% | -20.4% | -5.8% | 56.44% |
2021 | -3.2% | -7.1% | 16.6% | 53.18% |
2020 | 4.3% | -1.3% | 8.8% | 32.24% |
2019 | 4.0% | 0.3% | 7.1% | 18.48% |
Total Return Ranking - Trailing
Period | MFGJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -3.9% | 19.1% | 34.07% |
1 Yr | 9.6% | -4.4% | 31.0% | 39.38% |
3 Yr | -1.9%* | -7.1% | 11.4% | 55.56% |
5 Yr | 0.0%* | -5.0% | 3.1% | 46.95% |
10 Yr | 1.0%* | -1.8% | 3.4% | 47.62% |
* Annualized
Total Return Ranking - Calendar
Period | MFGJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | -0.5% | 28.8% | 40.27% |
2022 | -12.0% | -18.5% | -3.3% | 52.89% |
2021 | -1.8% | -4.5% | 25.3% | 56.82% |
2020 | 6.7% | -1.3% | 13.0% | 38.32% |
2019 | 6.7% | 1.8% | 11.3% | 10.90% |
NAV & Total Return History
MFGJX - Holdings
Concentration Analysis
MFGJX | Category Low | Category High | MFGJX % Rank | |
---|---|---|---|---|
Net Assets | 2.14 B | 9.65 M | 134 B | 32.30% |
Number of Holdings | 807 | 14 | 12495 | 20.80% |
Net Assets in Top 10 | 662 M | 5.36 M | 56.1 B | 34.96% |
Weighting of Top 10 | 31.24% | 5.3% | 99.5% | 63.27% |
Top 10 Holdings
- MFS Institutional Money Market Portfolio, Class A 7.44%
- U.S. Treasury Notes 3.94%
- U.S. Treasury Notes 3.42%
- U.S. Treasury Bonds 3.26%
- U.S. Treasury Notes 2.68%
- UMBS, 30 Year, Single Family 2.41%
- U.S. Treasury Notes 2.39%
- U.S. Treasury Notes 2.30%
- U.S. Treasury Notes 1.74%
- U.S. Treasury Notes 1.68%
Asset Allocation
Weighting | Return Low | Return High | MFGJX % Rank | |
---|---|---|---|---|
Bonds | 98.21% | 0.06% | 167.53% | 73.89% |
Cash | 7.44% | -20.28% | 27.92% | 19.91% |
Other | 3.17% | -21.19% | 12.80% | 16.37% |
Stocks | 0.00% | 0.00% | 95.28% | 6.64% |
Preferred Stocks | 0.00% | 0.00% | 0.12% | 3.54% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 5.31% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MFGJX % Rank | |
---|---|---|---|---|
Government | 48.65% | 0.00% | 100.00% | 32.74% |
Securitized | 46.71% | 0.00% | 99.79% | 59.73% |
Cash & Equivalents | 7.44% | 0.00% | 27.92% | 19.47% |
Municipal | 1.44% | 0.00% | 5.24% | 7.52% |
Corporate | 0.57% | 0.00% | 9.48% | 11.95% |
Derivative | -0.08% | -18.12% | 5.18% | 85.84% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MFGJX % Rank | |
---|---|---|---|---|
US | 98.21% | 0.06% | 167.53% | 73.89% |
Non US | 0.00% | 0.00% | 2.20% | 3.54% |
MFGJX - Expenses
Operational Fees
MFGJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.52% | 0.03% | 2.85% | 68.00% |
Management Fee | 0.37% | 0.00% | 0.85% | 56.19% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
MFGJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
MFGJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
MFGJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 398.00% | 3.35% | 948.00% | 85.92% |
MFGJX - Distributions
Dividend Yield Analysis
MFGJX | Category Low | Category High | MFGJX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.01% | 0.00% | 4.94% | 34.07% |
Dividend Distribution Analysis
MFGJX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MFGJX | Category Low | Category High | MFGJX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.98% | -0.80% | 2.96% | 30.67% |
Capital Gain Distribution Analysis
MFGJX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 30, 2024 | $0.030 | OrdinaryDividend |
Jul 31, 2024 | $0.030 | OrdinaryDividend |
Apr 30, 2024 | $0.028 | OrdinaryDividend |
Mar 28, 2024 | $0.028 | OrdinaryDividend |
Feb 29, 2024 | $0.027 | OrdinaryDividend |
Jan 31, 2024 | $0.027 | OrdinaryDividend |
Dec 29, 2023 | $0.027 | OrdinaryDividend |
Nov 30, 2023 | $0.027 | OrdinaryDividend |
Oct 31, 2023 | $0.027 | OrdinaryDividend |
Sep 29, 2023 | $0.025 | OrdinaryDividend |
Aug 31, 2023 | $0.025 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.024 | OrdinaryDividend |
May 31, 2023 | $0.023 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.020 | OrdinaryDividend |
Feb 28, 2023 | $0.020 | OrdinaryDividend |
Jan 31, 2023 | $0.019 | OrdinaryDividend |
Dec 30, 2022 | $0.019 | OrdinaryDividend |
Nov 30, 2022 | $0.018 | OrdinaryDividend |
Oct 31, 2022 | $0.017 | OrdinaryDividend |
Sep 30, 2022 | $0.016 | OrdinaryDividend |
Aug 31, 2022 | $0.015 | OrdinaryDividend |
Jul 29, 2022 | $0.013 | OrdinaryDividend |
Jun 30, 2022 | $0.012 | OrdinaryDividend |
May 31, 2022 | $0.011 | OrdinaryDividend |
Apr 29, 2022 | $0.010 | OrdinaryDividend |
Mar 31, 2022 | $0.010 | OrdinaryDividend |
Feb 28, 2022 | $0.009 | OrdinaryDividend |
Jan 31, 2022 | $0.009 | OrdinaryDividend |
Dec 31, 2021 | $0.009 | OrdinaryDividend |
Nov 30, 2021 | $0.009 | OrdinaryDividend |
Oct 29, 2021 | $0.009 | OrdinaryDividend |
Sep 30, 2021 | $0.009 | OrdinaryDividend |
Aug 31, 2021 | $0.010 | OrdinaryDividend |
Jul 30, 2021 | $0.011 | OrdinaryDividend |
Jun 30, 2021 | $0.011 | OrdinaryDividend |
May 28, 2021 | $0.011 | OrdinaryDividend |
Apr 30, 2021 | $0.012 | OrdinaryDividend |
Mar 31, 2021 | $0.012 | OrdinaryDividend |
Feb 26, 2021 | $0.012 | OrdinaryDividend |
Jan 29, 2021 | $0.013 | OrdinaryDividend |
Dec 31, 2020 | $0.014 | OrdinaryDividend |
Nov 30, 2020 | $0.015 | OrdinaryDividend |
Oct 30, 2020 | $0.015 | OrdinaryDividend |
Sep 30, 2020 | $0.016 | OrdinaryDividend |
Aug 31, 2020 | $0.017 | OrdinaryDividend |
Jul 31, 2020 | $0.018 | OrdinaryDividend |
Jun 30, 2020 | $0.019 | OrdinaryDividend |
May 29, 2020 | $0.020 | OrdinaryDividend |
Apr 30, 2020 | $0.020 | OrdinaryDividend |
Mar 31, 2020 | $0.020 | OrdinaryDividend |
Feb 28, 2020 | $0.020 | OrdinaryDividend |
Jan 31, 2020 | $0.020 | OrdinaryDividend |
Dec 31, 2019 | $0.020 | OrdinaryDividend |
Nov 29, 2019 | $0.020 | OrdinaryDividend |
Oct 31, 2019 | $0.020 | OrdinaryDividend |
Sep 30, 2019 | $0.020 | OrdinaryDividend |
Aug 30, 2019 | $0.020 | OrdinaryDividend |
Jul 31, 2019 | $0.020 | OrdinaryDividend |
Jun 28, 2019 | $0.020 | OrdinaryDividend |
Jun 03, 2013 | $0.032 | CapitalGainShortTerm |
Jun 01, 2012 | $0.007 | CapitalGainShortTerm |
Jun 01, 2012 | $0.041 | CapitalGainLongTerm |
MFGJX - Fund Manager Analysis
Managers
Geoffrey Schechter
Start Date
Tenure
Tenure Rank
Apr 30, 2006
16.1
16.1%
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
3.75
3.8%
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 |
---|---|---|---|
0.11 | 31.64 | 8.38 | 7.35 |