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MFS Inflation-Adjusted Bond Fund
mutual fund
MIAAX
Payout Change
Pending
Price as of:
$9.12
-0.01
-0.11%
primary theme
TIPS
MIAAX (Mutual Fund)
MFS Inflation-Adjusted Bond Fund
Payout Change
Pending
Price as of:
$9.12
-0.01
-0.11%
primary theme
TIPS
MIAAX (Mutual Fund)
MFS Inflation-Adjusted Bond Fund
Payout Change
Pending
Price as of:
$9.12
-0.01
-0.11%
primary theme
TIPS
Name
As of 12/10/2024Price
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
3.1%
1 yr return
5.5%
3 Yr Avg Return
-2.2%
5 Yr Avg Return
1.4%
Net Assets
$1.51 B
Holdings in Top 10
77.8%
52 WEEK LOW AND HIGH
$9.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.82%
SALES FEES
Front Load 4.25%
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
MIAAX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return -2.2%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.55%
- Dividend Yield 2.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Inflation-Adjusted Bond Fund
-
Fund Family NameMFS Funds
-
Inception DateSep 03, 2004
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerErik Weisman
Fund Description
MFS (Massachusetts Financial Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets in inflation-adjusted debt instruments and other instruments with similar economic characteristics.
MFS generally focuses the fund’s investments in inflation-adjusted debt instruments issued by the U.S. Treasury. MFS may also invest the fund’s assets in other inflation-adjusted debt instruments and non-inflation-adjusted debt instruments, including corporate bonds, foreign government securities, securitized instruments, and other debt instruments.
MFS generally invests substantially all of the fund’s assets in investment grade quality debt instruments.
MFS may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.
MFS may invest the fund’s assets in foreign securities.
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 allocates the fund’s assets across maturities and types of debt instruments based on its evaluation of macroeconomic factors, including interest rates, inflation rates, and monetary and fiscal policies.
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.
For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
MIAAX - Performance
Return Ranking - Trailing
| Period | MIAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -11.2% | 11.6% | 74.13% |
| 1 Yr | 5.5% | -8.5% | 15.1% | 62.19% |
| 3 Yr | -2.2%* | -15.6% | 4.9% | 79.59% |
| 5 Yr | 1.4%* | -7.2% | 5.0% | 82.54% |
| 10 Yr | 1.5%* | -2.3% | 3.7% | 76.15% |
* Annualized
Return Ranking - Calendar
| Period | MIAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.7% | -8.7% | 5.1% | 92.46% |
| 2022 | -18.1% | -52.3% | -4.0% | 75.51% |
| 2021 | -0.5% | -7.9% | 7.7% | 76.04% |
| 2020 | 8.7% | -29.4% | 23.0% | 43.39% |
| 2019 | 5.8% | 0.8% | 16.7% | 37.23% |
Total Return Ranking - Trailing
| Period | MIAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -11.2% | 11.6% | 74.13% |
| 1 Yr | 5.5% | -8.5% | 15.1% | 62.19% |
| 3 Yr | -2.2%* | -15.6% | 4.9% | 79.59% |
| 5 Yr | 1.4%* | -7.2% | 5.0% | 82.54% |
| 10 Yr | 1.5%* | -2.3% | 3.7% | 76.15% |
* Annualized
Total Return Ranking - Calendar
| Period | MIAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -5.2% | 9.5% | 81.41% |
| 2022 | -11.9% | -40.1% | 9.2% | 60.20% |
| 2021 | 4.8% | -2.7% | 37.6% | 75.00% |
| 2020 | 10.7% | -0.5% | 27.5% | 35.45% |
| 2019 | 8.3% | 2.8% | 19.3% | 26.60% |
NAV & Total Return History
MIAAX - Holdings
Concentration Analysis
| MIAAX | Category Low | Category High | MIAAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.51 B | 963 K | 51.8 B | 38.81% |
| Number of Holdings | 80 | 2 | 1463 | 56.72% |
| Net Assets in Top 10 | 1.19 B | 913 K | 25.5 B | 32.84% |
| Weighting of Top 10 | 77.76% | 9.4% | 100.0% | 14.50% |
Top 10 Holdings
- U.S. Treasury Inflation-Indexed Notes 16.33%
- U.S. Treasury Inflation-Indexed Notes 11.56%
- U.S. Treasury Inflation-Indexed Notes 10.15%
- U.S. Treasury Inflation-Indexed Notes 9.67%
- U.S. Treasury Inflation-Indexed Bonds 7.21%
- U.S. Treasury Inflation-Indexed Notes 5.67%
- U.S. Treasury Inflation-Indexed Notes 5.47%
- U.S. Treasury Inflation-Indexed Bonds 4.36%
- U.S. Treasury Inflation-Indexed Notes 3.86%
- U.S. Treasury Inflation-Indexed Notes 3.49%
Asset Allocation
| Weighting | Return Low | Return High | MIAAX % Rank | |
|---|---|---|---|---|
| Bonds | 97.82% | 0.00% | 206.20% | 46.77% |
| Cash | 1.27% | -42.00% | 15.77% | 28.86% |
| Other | 0.92% | -58.58% | 66.48% | 48.76% |
| Stocks | 0.00% | 0.00% | 100.03% | 43.78% |
| Preferred Stocks | 0.00% | 0.00% | 1.89% | 47.76% |
| Convertible Bonds | 0.00% | 0.00% | 3.96% | 64.18% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MIAAX % Rank | |
|---|---|---|---|---|
| Government | 94.45% | 6.70% | 112.97% | 25.37% |
| Securitized | 3.43% | 0.00% | 58.03% | 42.79% |
| Municipal | 1.28% | 0.00% | 1.28% | 1.49% |
| Cash & Equivalents | 1.15% | 0.00% | 15.13% | 33.83% |
| Corporate | 0.73% | 0.00% | 50.64% | 51.74% |
| Derivative | 0.04% | -26.67% | 16.13% | 56.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MIAAX % Rank | |
|---|---|---|---|---|
| US | 97.82% | 0.00% | 184.29% | 42.29% |
| Non US | 0.00% | 0.00% | 42.19% | 62.19% |
MIAAX - Expenses
Operational Fees
| MIAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.82% | 0.03% | 22.29% | 35.18% |
| Management Fee | 0.45% | 0.00% | 0.99% | 78.11% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.20% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| MIAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.25% | 1.00% | 4.75% | 30.00% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MIAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| MIAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 57.00% | 0.00% | 246.00% | 47.92% |
MIAAX - Distributions
Dividend Yield Analysis
| MIAAX | Category Low | Category High | MIAAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.95% | 0.00% | 14.25% | 25.37% |
Dividend Distribution Analysis
| MIAAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Monthly | Annual |
Net Income Ratio Analysis
| MIAAX | Category Low | Category High | MIAAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.55% | -0.06% | 6.71% | 56.06% |
Capital Gain Distribution Analysis
| MIAAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.067 | OrdinaryDividend |
| Jun 25, 2024 | $0.145 | OrdinaryDividend |
| Mar 26, 2024 | $0.016 | OrdinaryDividend |
| Dec 14, 2023 | $0.113 | OrdinaryDividend |
| Sep 21, 2023 | $0.103 | OrdinaryDividend |
| Jun 22, 2023 | $0.124 | OrdinaryDividend |
| Mar 23, 2023 | $0.012 | OrdinaryDividend |
| Dec 15, 2022 | $0.213 | OrdinaryDividend |
| Sep 22, 2022 | $0.249 | OrdinaryDividend |
| Jun 23, 2022 | $0.156 | OrdinaryDividend |
| Mar 24, 2022 | $0.103 | OrdinaryDividend |
| Dec 16, 2021 | $0.300 | OrdinaryDividend |
| Sep 23, 2021 | $0.129 | OrdinaryDividend |
| Jun 24, 2021 | $0.100 | OrdinaryDividend |
| Mar 31, 2021 | $0.010 | OrdinaryDividend |
| Feb 26, 2021 | $0.010 | OrdinaryDividend |
| Jan 29, 2021 | $0.010 | OrdinaryDividend |
| Dec 31, 2020 | $0.036 | OrdinaryDividend |
| Nov 30, 2020 | $0.050 | OrdinaryDividend |
| Oct 30, 2020 | $0.004 | OrdinaryDividend |
| May 29, 2020 | $0.009 | OrdinaryDividend |
| Apr 30, 2020 | $0.010 | OrdinaryDividend |
| Mar 31, 2020 | $0.015 | OrdinaryDividend |
| Feb 28, 2020 | $0.015 | OrdinaryDividend |
| Jan 31, 2020 | $0.015 | OrdinaryDividend |
| Dec 31, 2019 | $0.044 | OrdinaryDividend |
| Nov 29, 2019 | $0.020 | OrdinaryDividend |
| Oct 31, 2019 | $0.020 | OrdinaryDividend |
| Sep 30, 2019 | $0.020 | OrdinaryDividend |
| Aug 30, 2019 | $0.015 | OrdinaryDividend |
| Jul 31, 2019 | $0.015 | OrdinaryDividend |
| Jun 28, 2019 | $0.015 | OrdinaryDividend |
| Dec 12, 2012 | $0.009 | CapitalGainShortTerm |
| Dec 12, 2012 | $0.058 | CapitalGainLongTerm |
| Dec 09, 2011 | $0.024 | CapitalGainShortTerm |
| Dec 10, 2010 | $0.040 | CapitalGainLongTerm |
| Dec 01, 2005 | $0.003 | CapitalGainLongTerm |
MIAAX - Fund Manager Analysis
Managers
Erik Weisman
Start Date
Tenure
Tenure Rank
Sep 30, 2003
18.68
18.7%
Erik Weisman, is an investment officer and portfolio manager at MFS Investment Management®. He manages the firm's inflation-adjusted bond, strategic income, global bond, global total return, and global government portfolios. He joined the firm in 2002 as a global sovereign fixed-income research analyst. Previously, he served for two years as assistant to the U.S. Executive Director and for two years as an international economist in the U.S. Department of the Treasury. Erik earned a bachelor's degree from the University of Michigan and master's and Ph.D. degree from Duke University.
Geoffrey Schechter
Start Date
Tenure
Tenure Rank
Dec 01, 2016
5.5
5.5%
Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.56 | 11.1 |
