MFS High Income Fund (MHITX)

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MFS High Income Fund (MHITX) is up 0.7% since the beginning of the year. MHITX is currently trading at $3 per share. Investors who bought $1,000 worth of MHITX shares 5 years ago would now be looking at an investment worth $1,151.

MFS High Income Fund (MHITX) has returned 0.66% so far this year and 6.03% over the past 12 months. Over the last ten years, MHITX has returned 4.41% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Feb 28, 1978, MHITX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 1981 with a return of +11.6%, while the worst month was Oct 2008 at -17.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 8 months.

On a daily basis, MHITX closed higher 31% of trading days. The best single day was Sep 23, 1981 with a return of +17.9%, while the worst single day was Sep 25, 1981 at -15.9%.

MFS High Income Fund has an annualized alpha of 3.38%, beta of 0.09, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since February 28, 1978.

• This fund participated in 36.43% of S&P 500 Index downside but only 31.84% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.09 may look defensive, but with R2 of 0.05 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 0.05 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.

MHITX has an expense ratio of 0.86%, placing it in the medium range.

MHITX ranks 52 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

MFS High Income Fund provided a 6.24% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for MFS High Income 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 High 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 High Income Fund was 46.76%, occurring on Jan 14, 1991. Recovery took 542 trading sessions.

The current MFS High Income Fund drawdown is 0.32%.

The chart below shows the rolling one-month volatility.