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MFS Global High Yield Fund
mutual fund
MHOTX
Payout Change
Pending
Price as of:
$5.66
+0.0
+0.0%
primary theme
High Yield Bond
MHOTX (Mutual Fund)
MFS Global High Yield Fund
Payout Change
Pending
Price as of:
$5.66
+0.0
+0.0%
primary theme
High Yield Bond
MHOTX (Mutual Fund)
MFS Global High Yield Fund
Payout Change
Pending
Price as of:
$5.66
+0.0
+0.0%
primary theme
High Yield Bond
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.0%
1 yr return
12.2%
3 Yr Avg Return
3.5%
5 Yr Avg Return
3.6%
Net Assets
$192 M
Holdings in Top 10
71.8%
52 WEEK LOW AND HIGH
$5.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MHOTX - Profile
Distributions
- YTD Total Return 9.0%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.18%
- Dividend Yield 5.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Global High Yield Fund
-
Fund Family NameMFS Funds
-
Inception DateJun 02, 2008
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Ryan
Fund Description
MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests directly and/or indirectly through investment in mutual funds advised by MFS at least 80% of the fund’s net assets in high income debt instruments.
MFS may invest the fund’s assets in other types of debt instruments.
Debt instruments include corporate bonds, foreign government securities, floating rate loans, and other obligations to repay money borrowed.
MFS may invest up to 100% of the fund’s assets in below investment grade quality debt instruments.
MFS invests the fund’s assets in U.S. and foreign securities, including emerging market securities.
MFS normally invests the fund's assets across different industries, sectors, countries, and regions, but MFS may invest a significant percentage of the fund’s assets in issuers in a single industry, sector, country, or region. MFS generally invests the fund's assets in at least three different countries and invests a percentage of the fund's net assets in securities of foreign issuers equal to at least the lesser of 40% or the percentage of foreign issuers in the ICE BofA Global High Yield - Constrained Index (USD Hedged) less 15%.
While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. Derivatives include futures, forward contracts, options, and swaps.
MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.
MFS may invest the fund's assets in other mutual funds advised by MFS that invest in particular investment types rather than invest directly in such investments.
For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
MHOTX - Performance
Return Ranking - Trailing
| Period | MHOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.0% | -7.5% | 18.1% | 41.54% |
| 1 Yr | 12.2% | -4.6% | 18.6% | 33.00% |
| 3 Yr | 3.5%* | -14.4% | 21.6% | 31.67% |
| 5 Yr | 3.6%* | -11.4% | 37.2% | 60.85% |
| 10 Yr | 3.6%* | -4.7% | 20.4% | 77.96% |
* Annualized
Return Ranking - Calendar
| Period | MHOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.5% | -4.7% | 14.3% | 4.10% |
| 2022 | -17.3% | -33.4% | 3.6% | 79.47% |
| 2021 | -2.5% | -8.4% | 8.2% | 93.13% |
| 2020 | -0.6% | -13.2% | 302.7% | 60.35% |
| 2019 | 9.5% | -4.4% | 13.3% | 12.93% |
Total Return Ranking - Trailing
| Period | MHOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.0% | -7.5% | 18.1% | 41.54% |
| 1 Yr | 12.2% | -4.6% | 18.6% | 33.00% |
| 3 Yr | 3.5%* | -14.4% | 21.6% | 31.67% |
| 5 Yr | 3.6%* | -11.4% | 37.2% | 60.85% |
| 10 Yr | 3.6%* | -4.7% | 20.4% | 77.96% |
* Annualized
Total Return Ranking - Calendar
| Period | MHOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.5% | -4.7% | 18.7% | 0.82% |
| 2022 | -8.7% | -33.4% | 47.8% | 21.85% |
| 2021 | 3.1% | -8.4% | 12.4% | 86.60% |
| 2020 | 4.3% | -9.6% | 325.6% | 70.97% |
| 2019 | 14.7% | -3.8% | 19.4% | 30.24% |
NAV & Total Return History
MHOTX - Holdings
Concentration Analysis
| MHOTX | Category Low | Category High | MHOTX % Rank | |
|---|---|---|---|---|
| Net Assets | 192 M | 3.13 M | 25.3 B | 75.16% |
| Number of Holdings | 143 | 2 | 4432 | 88.51% |
| Net Assets in Top 10 | 147 M | -492 M | 6.67 B | 38.92% |
| Weighting of Top 10 | 71.82% | 4.2% | 146.0% | 3.45% |
Top 10 Holdings
- MFS High Yield Pooled Portfolio 65.09%
- MFS Institutional Money Market Portfolio, Class A 2.53%
- Aegea Finance SARL 0.67%
- Petroleos Mexicanos 0.56%
- Nexi SpA 0.54%
- BM European Value Retail SA 0.53%
- KUO SAB de CV 0.52%
- Teva Pharmaceutical Finance Netherlands III BV 0.49%
- Central American Bottling Corp. 0.45%
- PLT VII Finance SARL 0.45%
Asset Allocation
| Weighting | Return Low | Return High | MHOTX % Rank | |
|---|---|---|---|---|
| Bonds | 31.73% | 0.00% | 145.36% | 98.04% |
| Cash | 3.02% | -52.00% | 48.02% | 63.22% |
| Convertible Bonds | 0.91% | 0.00% | 17.89% | 60.92% |
| Other | 0.15% | -39.08% | 99.23% | 34.15% |
| Stocks | 0.00% | 0.00% | 97.54% | 89.87% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 77.67% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MHOTX % Rank | |
|---|---|---|---|---|
| Corporate | 92.66% | 0.00% | 100.00% | 72.86% |
| Government | 2.65% | 0.00% | 99.07% | 11.68% |
| Cash & Equivalents | 2.53% | 0.00% | 48.02% | 59.61% |
| Derivative | 0.15% | -14.58% | 42.26% | 18.39% |
| Securitized | 0.00% | 0.00% | 97.24% | 80.92% |
| Municipal | 0.00% | 0.00% | 1.17% | 66.12% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MHOTX % Rank | |
|---|---|---|---|---|
| Non US | 20.03% | 0.00% | 96.91% | 7.22% |
| US | 11.71% | 0.00% | 126.57% | 98.03% |
MHOTX - Expenses
Operational Fees
| MHOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.26% | 0.02% | 38.33% | 31.64% |
| Management Fee | 0.65% | 0.00% | 1.75% | 77.58% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.86% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| MHOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MHOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MHOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 1.00% | 255.00% | 14.54% |
MHOTX - Distributions
Dividend Yield Analysis
| MHOTX | Category Low | Category High | MHOTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.33% | 0.00% | 11.76% | 89.07% |
Dividend Distribution Analysis
| MHOTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| MHOTX | Category Low | Category High | MHOTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.18% | -2.39% | 9.30% | 60.70% |
Capital Gain Distribution Analysis
| MHOTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.025 | OrdinaryDividend |
| Oct 31, 2024 | $0.025 | OrdinaryDividend |
| Sep 30, 2024 | $0.027 | OrdinaryDividend |
| Aug 30, 2024 | $0.027 | OrdinaryDividend |
| Jul 31, 2024 | $0.027 | OrdinaryDividend |
| Apr 30, 2024 | $0.024 | OrdinaryDividend |
| Mar 28, 2024 | $0.024 | OrdinaryDividend |
| Mar 01, 2024 | $0.024 | OrdinaryDividend |
| Feb 01, 2024 | $0.024 | OrdinaryDividend |
| Dec 28, 2023 | $0.015 | OrdinaryDividend |
| Nov 30, 2023 | $0.015 | OrdinaryDividend |
| Oct 31, 2023 | $0.015 | OrdinaryDividend |
| Sep 29, 2023 | $0.015 | OrdinaryDividend |
| Aug 31, 2023 | $0.018 | OrdinaryDividend |
| Jul 31, 2023 | $0.022 | OrdinaryDividend |
| Jun 30, 2023 | $0.023 | OrdinaryDividend |
| May 31, 2023 | $0.023 | OrdinaryDividend |
| Apr 28, 2023 | $0.023 | OrdinaryDividend |
| Mar 31, 2023 | $0.024 | OrdinaryDividend |
| Feb 28, 2023 | $0.025 | OrdinaryDividend |
| Jan 31, 2023 | $0.024 | OrdinaryDividend |
| Dec 30, 2022 | $0.221 | OrdinaryDividend |
| Nov 30, 2022 | $0.021 | OrdinaryDividend |
| Oct 31, 2022 | $0.020 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Aug 31, 2022 | $0.020 | OrdinaryDividend |
| Jul 29, 2022 | $0.020 | OrdinaryDividend |
| Jun 30, 2022 | $0.020 | OrdinaryDividend |
| May 31, 2022 | $0.020 | OrdinaryDividend |
| Apr 29, 2022 | $0.020 | OrdinaryDividend |
| Mar 31, 2022 | $0.020 | OrdinaryDividend |
| Feb 28, 2022 | $0.020 | OrdinaryDividend |
| Jan 31, 2022 | $0.020 | OrdinaryDividend |
| Dec 31, 2021 | $0.096 | OrdinaryDividend |
| Nov 30, 2021 | $0.020 | OrdinaryDividend |
| Oct 29, 2021 | $0.020 | OrdinaryDividend |
| Sep 30, 2021 | $0.020 | OrdinaryDividend |
| Aug 31, 2021 | $0.020 | OrdinaryDividend |
| Jul 30, 2021 | $0.021 | OrdinaryDividend |
| Jun 30, 2021 | $0.022 | OrdinaryDividend |
| May 28, 2021 | $0.022 | OrdinaryDividend |
| Apr 30, 2021 | $0.022 | OrdinaryDividend |
| Mar 31, 2021 | $0.022 | OrdinaryDividend |
| Feb 26, 2021 | $0.022 | OrdinaryDividend |
| Jan 29, 2021 | $0.022 | OrdinaryDividend |
| Dec 31, 2020 | $0.022 | OrdinaryDividend |
| Nov 30, 2020 | $0.022 | OrdinaryDividend |
| Oct 30, 2020 | $0.022 | OrdinaryDividend |
| Sep 30, 2020 | $0.022 | OrdinaryDividend |
| Aug 31, 2020 | $0.022 | OrdinaryDividend |
| Jul 31, 2020 | $0.022 | OrdinaryDividend |
| Jun 30, 2020 | $0.022 | OrdinaryDividend |
| May 29, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.023 | OrdinaryDividend |
| Mar 31, 2020 | $0.023 | OrdinaryDividend |
| Feb 28, 2020 | $0.023 | OrdinaryDividend |
| Jan 31, 2020 | $0.023 | OrdinaryDividend |
| Dec 31, 2019 | $0.023 | OrdinaryDividend |
| Nov 29, 2019 | $0.023 | OrdinaryDividend |
| Oct 31, 2019 | $0.023 | OrdinaryDividend |
| Sep 30, 2019 | $0.023 | OrdinaryDividend |
| Aug 30, 2019 | $0.024 | OrdinaryDividend |
| Jul 31, 2019 | $0.024 | OrdinaryDividend |
| Jun 28, 2019 | $0.024 | OrdinaryDividend |
MHOTX - Fund Manager Analysis
Managers
Matthew Ryan
Start Date
Tenure
Tenure Rank
May 31, 2005
17.01
17.0%
Matthew W. Ryan, CFA, is an investment officer and a portfolio manager of Massachusetts Financial Services Company. Before joining the firm in 1997, Matt worked for four years as an economist at the International Monetary Fund and for five years as an international economist with the U.S. Department of the Treasury. He was named a portfolio manager at MFS in 1998. He is a graduate of Williams College and earned a master's degree in international economics and foreign policy from Johns Hopkins University. Matt also holds the Chartered Financial Analyst (CFA) designation.
David Cole
Start Date
Tenure
Tenure Rank
Oct 10, 2006
15.65
15.7%
David P. Cole, CFA, is an Investment Officer of MFS Investment Management® (MFS®) and Portfolio Manager at the firm. David employed in the investment area of MFS since 2004 after working for five years as a High Yield Analyst for Franklin Templeton Investments. Prior to this, he served as a financial economist/treasury market analyst for Thomson Financial Services and two years as an economist for Standard and Poor's. David has a bachelor's degree from Cornell University and an MBA from University of California, Berkeley. He holds the Chartered Financial Analyst (CFA) designation.
Michael Skatrud
Start Date
Tenure
Tenure Rank
Mar 01, 2018
4.25
4.3%
Michael Skatrud, CFA, is an investment officer and fixed income research analyst at MFS Investment Management (MFS). He is responsible for identifying the most attractive investment opportunities in his assigned coverage universe and he works closely with portfolio managers to ensure ideas are properly positioned within portfolios. Michael joined MFS in 2013 from Columbia Management, where he had worked as a high yield analyst for four years. Previously, he was a senior credit analyst at Oppenheimer Funds, Inc., for two years and spent seven years as a corporate bond analyst at Putnam Investments. He began his career in the financial services industry in 1996. Michael earned a Bachelor of Science from the University of Wisconsin and holds a Master of Business Administration from the University of Pennsylvania's Wharton School of Business. He is a CFA charter holder and a member of the CFA Society Boston.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
