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Morningstar

MFS Global Opportunistic Bd R1 MGBKX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 7.88  /  −0.25 %
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    1.700%
  • Expense Ratio 1.700%
  • Distribution Fee Level High
  • Share Class Type Retirement, Small
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.97%
  • Effective Duration 7.33 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0

Morningstar’s Analysis MGBKX

Will MGBKX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MGBKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MGBKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MGBKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

MFS Global Opportunistic Bd R1 boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MGBKX

More MGBKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 0.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240419 Purchased

20.78 212.6 Mil
Derivative

USD/GBP FWD 20240419 Purchased

6.60 67.6 Mil
Derivative

Itraxx Eur Xover Ser 40 Receiver 300.00 MAY 15 24

6.05 61.9 Mil
Derivative

KRW/USD NDF 20240426 Purchased

5.21 53.3 Mil
Derivative

Euro Bobl Future June 24

5.19 53.1 Mil
Government

Currency Cash CASH_USD

4.78 48.9 Mil
Cash and Equivalents

Itraxx Eur Xover Ser 40 Receiver 350.00 MAY 15 24

3.65 37.4 Mil
Derivative

NZD/USD FWD 20240419 Purchased

3.65 37.3 Mil
Derivative

USD/NZD FWD 20240419 Purchased

3.52 36.0 Mil
Derivative

Italy (Republic Of) 4.1%

2.78 28.4 Mil
Government