MFS Income Fund (MFIOX)
The investment seeks total return with an emphasis on high current income, but also considering capital appreciation. MFS normally invests the fund's assets primarily in a broad range of debt instruments issued by U.S. and foreign corporate, government, and other entities, including below investment grade quality debt instruments and debt instruments of issuers located in emerging market countries. MFS focuses on investing the fund's assets in corporate bonds, mortgage-backed securities and other securitized instruments, U.S. government securities, and debt instruments of issuers located in emerging market countries.
Fund Info
| ISIN | US5529891054 |
|---|---|
| CUSIP | 552989105 |
| Issuer | MFS |
| Inception Date | Oct 29, 1987 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
MFIOX has a high expense ratio of 0.73%, 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 Income 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 Income Fund had a return of -0.39% year-to-date (YTD) and 4.19% in the last 12 months. Over the past 10 years, MFS Income Fund had an annualized return of 2.01%, while the S&P 500 had an annualized return of 10.90%, indicating that MFS Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.39% | 11.05% |
| 1 month | 2.51% | 4.86% |
| 6 months | 5.14% | 17.50% |
| 1 year | 4.19% | 27.37% |
| 5 years (annualized) | 1.31% | 13.14% |
| 10 years (annualized) | 2.01% | 10.90% |
Monthly Returns
The table below presents the monthly returns of MFIOX, 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 | 0.07% | -1.10% | 0.92% | -2.13% | -0.39% | ||||||||
| 2023 | 3.80% | -2.45% | 2.08% | 0.74% | -1.26% | 0.24% | 0.58% | -0.76% | -2.32% | -1.69% | 4.75% | 3.85% | 7.46% |
| 2022 | -2.42% | -1.16% | -2.22% | -3.79% | 0.05% | -2.66% | 2.53% | -2.50% | -4.20% | -1.10% | 3.64% | -0.36% | -13.57% |
| 2021 | -0.35% | -1.34% | -1.22% | 1.06% | 0.34% | 1.05% | 1.04% | 0.04% | -0.95% | 0.03% | -0.11% | 0.16% | -0.29% |
| 2020 | 2.16% | 1.24% | -7.37% | 3.65% | 2.48% | 1.99% | 2.97% | -0.34% | -0.20% | -0.06% | 2.34% | 0.66% | 9.46% |
| 2019 | 2.17% | 0.56% | 1.96% | 0.57% | 0.89% | 1.95% | 0.43% | 2.35% | -0.48% | 0.25% | -0.04% | 0.24% | 11.35% |
| 2018 | -0.68% | -1.14% | 0.08% | -0.53% | 0.25% | -0.51% | 0.74% | 0.27% | -0.20% | -1.32% | -0.06% | 0.74% | -2.38% |
| 2017 | 0.77% | 1.08% | -0.00% | 1.07% | 0.91% | 0.00% | 0.61% | 0.74% | -0.07% | 0.21% | -0.09% | 0.36% | 5.73% |
| 2016 | -0.01% | 0.63% | 2.39% | 1.87% | 0.14% | 1.55% | 1.69% | 0.76% | 0.00% | -0.45% | -1.67% | 0.78% | 7.87% |
| 2015 | 0.62% | 0.92% | 0.02% | 0.32% | -0.13% | -1.34% | 0.01% | -0.91% | -0.76% | 1.44% | -0.92% | -1.28% | -2.04% |
| 2014 | 0.82% | 1.42% | 0.06% | 0.80% | 0.93% | 0.48% | -0.83% | 1.08% | -1.57% | 0.64% | -0.12% | -0.72% | 2.99% |
| 2013 | -0.07% | 0.22% | 0.37% | 1.38% | -1.51% | -2.27% | 1.28% | -0.66% | 0.85% | 1.76% | -0.04% | 0.08% | 1.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MFIOX is 14, indicating that it is in the bottom 14% 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.
MFIOX (MFS Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS Income Fund (MFIOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS Income Fund granted a 4.91% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.28 | $0.17 | $0.23 | $0.20 | $0.21 | $0.19 | $0.22 | $0.24 | $0.25 | $0.28 | $0.31 |
Dividend yield | 4.91% | 4.72% | 2.91% | 3.27% | 2.78% | 3.02% | 3.07% | 3.27% | 3.63% | 4.01% | 4.24% | 4.57% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Income 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.10 | |||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.22 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2014 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
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 Income 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 Income Fund was 41.67%, occurring on Oct 12, 1990. Recovery took 1192 trading sessions.
The current MFS Income Fund drawdown is 8.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.67% | Jan 19, 1988 | 714 | Oct 12, 1990 | 1192 | May 9, 1995 | 1906 |
| -18.53% | Sep 15, 2021 | 280 | Oct 24, 2022 | — | — | — |
| -16.79% | May 21, 2008 | 130 | Nov 24, 2008 | 170 | Jul 30, 2009 | 300 |
| -14.29% | Mar 9, 2020 | 11 | Mar 23, 2020 | 75 | Jul 9, 2020 | 86 |
| -11.16% | Apr 21, 1998 | 97 | Sep 2, 1998 | 175 | May 5, 1999 | 272 |
Volatility
Volatility Chart
The current MFS Income Fund volatility is 1.21%, 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.