Morningstar

MFS Government Securities Fund Class A MFGSX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $8.34  /  −0.12 %
  • Fund Size $1.9B
  • Adjusted Expense Ratio 0.770%
  • Net Expense Ratio 0.760%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Intermediate Government
  • Fixed-Income Style Box (Funds) High/Moderate
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.73%
  • Average Effective Duration 5.42 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MFGSX

Will MFGSX outperform in the 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 MFGSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MFGSX 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 MFGSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid approach but a small team.

Principal Shannon Kirwin

Shannon Kirwin

Principal

Summary

MFS Government Securities, also sold in the cross-border market as MFS Meridian US Government Bond, boasts a solid investment approach to the US Treasury and agency mortgage market, though its team is leaner than many rivals’.

by Shannon Kirwin
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Portfolio Holdings MFGSX

More MFGSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 76.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

35.08 650M
Government

10 Year Treasury Note Future Dec 26

14.38 266M
Government

Currency Cash CASH_USD

10.09 187M
Cash and Equivalents

5 Year Treasury Note Future Dec 26

7.51 139M
Government

United States Treasury Notes 4.13%

6.86 127M
Government

United States Treasury Notes 3.63%

3.48 64M
Government

United States Treasury Bonds 2.5%

3.40 63M
Government

Federal National Mortgage Association 5%

3.05 57M
Securitized

United States Treasury Notes 2.75%

2.86 53M
Government

Ultra US Treasury Bond Future Dec 26

2.53 47M
Government

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