MFS Corporate Bond Fund (MFBFX)
The investment seeks total return with an emphasis on current income, but also considering capital appreciation. The adviser normally invests at least 80% of the fund's net assets in corporate debt instruments. It may also invest the fund's assets in U.S. government securities. MFS invests the majority of the fund's assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.
Fund Info
| ISIN | US55272P2083 |
|---|---|
| CUSIP | 55272P208 |
| Issuer | MFS |
| Inception Date | May 8, 1974 |
| Category | Corporate Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
MFBFX has a high expense ratio of 0.76%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MFS Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MFS Corporate Bond Fund had a return of -0.23% year-to-date (YTD) and 5.35% in the last 12 months. Over the past 10 years, MFS Corporate Bond Fund had an annualized return of 2.23%, while the S&P 500 had an annualized return of 10.97%, indicating that MFS Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.23% | 11.29% |
| 1 month | 2.31% | 4.87% |
| 6 months | 6.83% | 17.88% |
| 1 year | 5.35% | 29.16% |
| 5 years (annualized) | 1.30% | 13.20% |
| 10 years (annualized) | 2.23% | 10.97% |
Monthly Returns
The table below presents the monthly returns of MFBFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.32% | -1.26% | 1.65% | -2.39% | -0.23% | ||||||||
| 2023 | 4.43% | -3.02% | 2.74% | 0.65% | -1.47% | 0.49% | 0.49% | -0.81% | -2.66% | -2.05% | 5.93% | 4.29% | 8.86% |
| 2022 | -3.41% | -2.12% | -2.39% | -5.56% | 0.64% | -3.67% | 3.52% | -2.90% | -5.28% | -0.66% | 4.92% | -0.54% | -16.60% |
| 2021 | -1.39% | -2.05% | -1.31% | 1.21% | 0.34% | 1.87% | 1.25% | -0.24% | -0.96% | -0.06% | -0.33% | 0.28% | -1.47% |
| 2020 | 2.34% | 1.16% | -6.89% | 5.85% | 1.91% | 1.82% | 3.61% | -1.23% | -0.43% | -0.12% | 2.72% | 0.29% | 11.00% |
| 2019 | 2.47% | 0.50% | 2.48% | 0.56% | 1.28% | 2.40% | 0.68% | 3.03% | -0.62% | 0.52% | 0.17% | 0.16% | 14.43% |
| 2018 | -0.96% | -1.69% | 0.10% | -0.92% | 0.33% | -0.63% | 0.78% | 0.63% | -0.48% | -1.45% | -0.10% | 1.21% | -3.19% |
| 2017 | 0.42% | 1.07% | -0.24% | 1.06% | 1.12% | 0.33% | 0.83% | 0.61% | -0.16% | 0.32% | -0.18% | 0.74% | 6.08% |
| 2016 | 0.43% | 0.95% | 2.49% | 1.43% | -0.24% | 1.85% | 1.54% | 0.33% | -0.23% | -0.78% | -2.50% | 0.50% | 5.82% |
| 2015 | 2.46% | -0.19% | 0.22% | -0.34% | -0.49% | -1.64% | 0.51% | -0.73% | 0.22% | 0.95% | -0.37% | -0.85% | -0.32% |
| 2014 | 1.39% | 1.18% | -0.05% | 0.96% | 1.23% | 0.23% | -0.56% | 1.43% | -1.47% | 1.08% | 0.38% | -0.19% | 5.71% |
| 2013 | -0.47% | 0.50% | 0.20% | 1.54% | -1.75% | -2.71% | 0.79% | -0.74% | 0.87% | 1.67% | -0.44% | 0.11% | -0.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MFBFX is 17, indicating that it is in the bottom 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MFBFX (MFS Corporate Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS Corporate Bond Fund (MFBFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS Corporate Bond Fund granted a 4.15% dividend yield in the last twelve months. The annual payout for that period amounted to $0.51 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.48 | $0.39 | $0.83 | $0.55 | $0.44 | $0.42 | $0.43 | $0.45 | $0.52 | $0.50 | $0.51 |
Dividend yield | 4.15% | 3.83% | 3.28% | 5.61% | 3.46% | 3.00% | 3.15% | 3.07% | 3.27% | 3.87% | 3.61% | 3.69% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.04 | $0.09 | $0.05 | $0.00 | $0.18 | |||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.48 | $0.83 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.18 | $0.55 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.44 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.43 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.52 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Corporate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Corporate Bond Fund was 22.82%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current MFS Corporate Bond Fund drawdown is 10.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.82% | Sep 15, 2021 | 279 | Oct 21, 2022 | — | — | — |
| -15.1% | Jan 24, 2008 | 212 | Nov 24, 2008 | 144 | Jun 23, 2009 | 356 |
| -14.93% | Dec 29, 1993 | 224 | Nov 7, 1994 | 235 | Oct 2, 1995 | 459 |
| -14.93% | Mar 9, 2020 | 10 | Mar 20, 2020 | 56 | Jun 10, 2020 | 66 |
| -13.56% | Dec 1, 1986 | 231 | Oct 19, 1987 | 261 | Oct 18, 1988 | 492 |
Volatility
Volatility Chart
The current MFS Corporate Bond Fund volatility is 1.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.