MFS Corporate Bond Fund (MFBFX)

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MFS Corporate Bond Fund (MFBFX) is up 0.7% since the beginning of the year. MFBFX is currently trading at $12 per share. Investors who bought $1,000 worth of MFBFX shares 5 years ago would now be looking at an investment worth $988.

MFS Corporate Bond Fund (MFBFX) has returned 0.70% so far this year and 5.37% over the past 12 months. Over the last ten years, MFBFX has returned 2.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, MFBFX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 1981 with a return of +9.6%, while the worst month was Oct 2008 at -7.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MFBFX closed higher 48% of trading days. The best single day was Jul 15, 1993 with a return of +38.4%, while the worst single day was Jul 16, 1993 at -27.6%.

MFS Corporate Bond Fund has an annualized alpha of 4.62%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1980.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.30%) than losses (15.04%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MFBFX has an expense ratio of 0.76%, placing it in the medium range.

MFBFX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

MFS Corporate Bond Fund provided a 4.53% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 29.78%, occurring on May 11, 1994. Recovery took 922 trading sessions.

The current MFS Corporate Bond Fund drawdown is 2.87%.

The chart below shows the rolling one-month volatility.