MGBLX: MFS Global Bond R2

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MGBLX MFS Global Bond R2


Profile

MGBLX - Profile

Vitals

  • YTD Return -4.5%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $597 M
  • Holdings in Top 10 44.0%

52 WEEK LOW AND HIGH

$8.67
$8.31
$9.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

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

BROKERAGE FEES

  • Turnover 126.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return -4.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Global Bond Fund
  • Fund Family Name
    MFS
  • Inception Date
    Jun 02, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Erik Weisman

Fund Description

The fund normally invests at least 80% of the fund's net assets in debt instruments of U.S. and foreign issuers, including emerging markets issuers. Debt instruments include U.S. government securities, corporate bonds, foreign government securities, securitized instruments, and other obligations to repay money borrowed.


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Categories

Performance

MGBLX - Performance

Return Ranking - Trailing

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -41.8% 2.3% 27.35%
1 Yr -0.8% -37.6% 22.4% 28.30%
3 Yr 0.4%* -15.2% 6.0% 9.89%
5 Yr -0.1%* -10.3% 3.4% 13.92%
10 Yr N/A* -3.8% 3.9% N/A

* Annualized

Return Ranking - Calendar

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% 0.0% 25.7% 73.58%
2018 -4.2% -25.9% -3.4% 14.74%
2017 6.0% -1.2% 13.6% 53.41%
2016 1.1% -6.5% 7.3% 75.00%
2015 -6.1% -16.1% -0.7% 49.37%

Total Return Ranking - Trailing

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -41.8% 2.3% 27.35%
1 Yr -0.8% -37.6% 22.4% 28.30%
3 Yr 0.4%* -15.2% 6.0% 13.19%
5 Yr -0.1%* -10.3% 3.9% 34.18%
10 Yr N/A* -3.8% 7.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MGBLX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% 0.0% 25.7% 73.58%
2018 -4.2% -25.9% -0.6% 21.05%
2017 6.0% -1.2% 16.5% 79.55%
2016 1.1% -6.5% 12.0% 82.95%
2015 -6.1% -16.1% 3.2% 67.09%

NAV & Total Return History


Holdings

MGBLX - Holdings

Concentration Analysis

MGBLX Category Low Category High MGBLX % Rank
Net Assets 597 M 999 K 3.65 B 38.05%
Number of Holdings 434 6 1391 51.30%
Net Assets in Top 10 -45.1 M -45.1 M 536 M 100.00%
Weighting of Top 10 44.02% 6.9% 200.7% 34.78%

Top 10 Holdings

  1. Ultra 10 Year US Treasury Note Future June 20 6.89%
  2. Euro Bobl Future Mar 06 20 6.23%
  3. Itraxx Eur Xover S32 Payer Strike 275 275.00 Put Mar 18 20 5.30%
  4. United States Treasury Notes 2.38% 4.74%
  5. United Kingdom of Great Britain and Northern Ireland 0.88% 4.50%
  6. 5 Year Treasury Note Future June 20 3.66%
  7. Greece (Republic Of) 3.88% 3.45%
  8. Japan (Government Of) 1.8% 3.37%
  9. Euro Bund 10yr Future Mar 06 20 3.17%
  10. United States Treasury Bonds 3.13% 2.71%

Asset Allocation

Weighting Return Low Return High MGBLX % Rank
Bonds
69.72% -120.56% 87.25% 18.26%
Cash
28.51% -36.91% 184.19% 28.70%
Convertible Bonds
1.78% 0.00% 20.67% 33.91%
Stocks
0.00% -5.19% 99.99% 94.78%
Preferred Stocks
0.00% 0.00% 21.57% 100.00%
Other
0.00% -0.45% 23.86% 99.13%

Bond Sector Breakdown

Weighting Return Low Return High MGBLX % Rank
Government
33.33% -132.75% 60.69% 16.52%
Corporate
20.83% 0.00% 98.38% 66.09%
Cash & Equivalents
18.74% 0.02% 186.99% 59.13%
Derivative
16.35% -2.45% 47.22% 18.26%
Securitized
10.40% 0.00% 23.46% 20.00%
Municipal
0.34% 0.00% 4.79% 19.13%

Bond Geographic Breakdown

Weighting Return Low Return High MGBLX % Rank
Non US
37.72% 0.00% 77.37% 21.74%
US
32.00% -166.35% 64.16% 20.87%

Expenses

MGBLX - Expenses

Operational Fees

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.38% 0.26% 11.95% 44.44%
Management Fee 0.60% 0.10% 1.90% 42.74%
12b-1 Fee 0.50% 0.00% 1.00% 68.18%
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

MGBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 126.00% 0.00% 282.00% 63.64%

Distributions

MGBLX - Distributions

Dividend Yield Analysis

MGBLX Category Low Category High MGBLX % Rank
Dividend Yield 0.00% 0.00% 3.19% 98.29%

Dividend Distribution Analysis

MGBLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MGBLX Category Low Category High MGBLX % Rank
Net Income Ratio 1.53% -0.99% 11.02% 70.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MGBLX - Fund Manager Analysis

Managers

Erik Weisman


Start Date

Tenure

Tenure Rank

Jun 02, 2010

9.84

9.8%

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.

Pilar Gomez-Bravo


Start Date

Tenure

Tenure Rank

Dec 01, 2014

5.33

5.3%

Robert Persons


Start Date

Tenure

Tenure Rank

Dec 01, 2014

5.33

5.3%

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.

Robert Spector


Start Date

Tenure

Tenure Rank

Oct 31, 2015

4.42

4.4%

Andy Li


Start Date

Tenure

Tenure Rank

Feb 01, 2019

1.16

1.2%

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.

Henry Peabody


Start Date

Tenure

Tenure Rank

Sep 01, 2019

0.58

0.6%

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
0.42 12.76 3.98 5.52