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Morningstar

MFS Global Opportunistic Bd B MGBBX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.98  /  0.50 %
  • Total Assets 957.4 Mil
  • Adj. Expense Ratio
    1.690%
  • Expense Ratio 1.700%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 0.83%
  • Effective Duration 6.23 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis MGBBX

Will MGBBX 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 MGBBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Summary

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Strength in MFS Global Opportunistic Bd B's Process Pillaris partially offset by an Average People Pillar rating, leading to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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