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.
MFS Corporate Bond R2 MBRRX
NAV / 1-Day Return
14.26
/
0.76
%
Total Assets
5.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.010%
Expense Ratio
1.010%
Fee Level
Average
Longest Manager Tenure
4.79
years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
0
Status
Open
TTM Yield
2.19%
Effective Duration
7.93
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MBRRX 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 MBRRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MBRRX 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 MBRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This strategy has lost an experienced manager but retains some attractive qualities.
