MFS Global Opportunistic Bond Fund Class R2 (MGBLX)

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MFS Global Opportunistic Bond Fund Class R2 (MGBLX) is up 0.7% 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 $1,021.

MFS Global Opportunistic Bond Fund Class R2 (MGBLX) has returned 0.68% so far this year and 4.04% over the past 12 months. Over the last ten years, MGBLX has returned 1.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 1, 2010, MGBLX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 58% of months were positive and 42% 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%.

MFS Global Opportunistic Bond Fund Class R2 has an annualized alpha of 1.21%, 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 24.41% 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.

MGBLX has a high expense ratio of 1.19%, indicating above-average management fees.

MGBLX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

MFS Global Opportunistic Bond Fund Class R2 provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 1.08%.

The chart below shows the rolling one-month volatility.