On June 30, 2021, longtime manager Robert Persons retired from his duties after 16 years at the helm of this strategy, which includes MFS Corporate Bond and its UCITS sibling MFS Meridian USD Corporate Bond. We remain convinced by this risk-aware strategy and the ample credit research resources backing it but have lowered its People rating to Average. The strategy’s cheapest US-sold R6 share class retains its Morningstar Analyst Rating of Bronze, while the other US. and UCITS share classes receive ratings of Neutral or Negative.
Morningstar’s Fund Analysis MBDIX
Will MBDIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MBDIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MBDIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MBDIX’s parent organization’s priorities and whether they’re in line with investors’ interests.