- Issuer
- MFS
- Inception Date
- Jun 2, 2010
- Category
- Global Bonds
- Index Tracked
- Bloomberg Global Aggregate Index (USD Hedged)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MGBLX Performance Chart
MFS Global Opportunistic Bond Fund Class R2 (MGBLX) is down 0.6% since the beginning of the year. MGBLX is currently trading at $8 per share. Investors who bought $1,000 worth of MGBLX shares 5 years ago would now be looking at an investment worth $999.
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Returns By Period
MFS Global Opportunistic Bond Fund Class R2 (MGBLX) has returned -0.55% so far this year and 1.65% over the past 12 months. Over the last ten years, MGBLX has returned 1.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
MFS Global Opportunistic Bond Fund Class R2
- 1D
- 0.00%
- 1M
- -1.35%
- 6M
- -1.06%
- YTD
- -0.55%
- 1Y
- 1.65%
- 3Y*
- 3.71%
- 5Y*
- -0.02%
- 10Y*
- 1.27%
- ALL TIME*
- 1.37%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MGBLX Monthly Returns History
Based on dividend-adjusted daily data since Jun 1, 2010, MGBLX's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Dec 2023 with a return of +4.6%, while the worst month was May 2013 at -5.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MGBLX closed higher 44% of trading days. The best single day was Mar 26, 2020 with a return of +2.3%, while the worst single day was Mar 18, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 1.25% | -2.49% | 0.66% | 0.66% | 0.38% | -1.47% | -0.55% | |||||
| 2025 | 0.60% | 1.11% | -0.73% | 0.87% | -0.24% | 1.36% | -0.12% | 0.86% | 0.97% | 0.52% | 0.28% | -0.19% | 5.38% |
| 2024 | -0.71% | -0.62% | 1.10% | -2.13% | 0.87% | 0.50% | 2.11% | 1.08% | 1.32% | -1.95% | 1.46% | -1.12% | 1.81% |
| 2023 | 3.19% | -1.56% | 1.60% | 0.50% | -1.07% | 0.19% | 0.19% | -0.53% | -2.40% | -1.44% | 4.42% | 4.63% | 7.69% |
| 2022 | -1.88% | -2.03% | -1.14% | -3.04% | -0.84% | -3.08% | 2.92% | -2.01% | -3.27% | -0.33% | 3.46% | -0.75% | -11.57% |
| 2021 | -1.06% | -1.79% | -1.60% | 1.18% | 0.10% | 0.63% | 0.73% | -0.12% | -0.86% | -0.86% | 0.10% | 0.07% | -3.48% |
Benchmark Metrics
MFS Global Opportunistic Bond Fund Class R2 has an annualized alpha of 1.12%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 01, 2010.
- This fund participated in 24.88% of S&P 500 Index downside but only 14.18% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 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 0.01 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.
- Alpha
- 1.12%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 14.18%
- Downside Capture
- 24.88%
Expense Ratio
MGBLX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MGBLX ranks 13 for risk / return — above 13% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGBLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.00 | -1.34 |
| Martin ratioReturn relative to average drawdown | 1.76 | 8.49 | -6.73 |
Dividends
Dividend History
MFS Global Opportunistic Bond Fund Class R2 provided a 4.06% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.20 | $0.13 | $0.23 | $0.42 | $0.31 | $0.16 | $0.14 | $0.10 | $0.10 | $0.14 |
Dividend yield | 4.06% | 4.01% | 2.53% | 1.55% | 2.99% | 4.72% | 3.15% | 1.81% | 1.66% | 1.08% | 1.15% | 1.63% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Global Opportunistic Bond Fund Class R2. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.14 | |||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 | $0.33 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.13 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.15 | $0.23 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.33 | $0.42 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Global Opportunistic Bond Fund Class R2. 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 Global Opportunistic Bond Fund Class R2 was 18.71%, occurring on Oct 21, 2022. Recovery took 839 trading sessions.
The current MFS Global Opportunistic Bond Fund Class R2 drawdown is 2.29%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.71%Oct 2022 | 1y 9mo | 3y 4mo | 5y 1moJan 2021 - Feb 2026 | Bear market2022 |
-15.04%Nov 2015 | 2y 10mo | 4y 3mo | 7y 2moDec 2012 - Mar 2020 | — |
-11.50%Mar 2020 | 8d | 3mo 29d | 4mo 7dMar 2020 - Jul 2020 | COVID crash2020 |
-7.46%Dec 2010 | 1mo 10d | 7mo 13d | 8mo 23dNov 2010 - Jul 2011 | — |
-5.11%Nov 2011 | 3mo 5d | 9mo 23d | 1y 23dAug 2011 - Sep 2012 | — |
Drawdown Indicators
| MGBLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -56.78% | +38.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -9.10% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -18.90% | +14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -25.43% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -33.92% | +15.21% |
Current DrawdownCurrent decline from peak | -2.29% | -1.58% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -10.70% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.14% | -0.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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