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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 7.79  /  0.39 %
  • Total Assets 953.4 Mil
  • Adj. Expense Ratio
    1.690%
  • Expense Ratio 1.690%
  • 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 1.09%
  • Effective Duration 7.72 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:14 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MGBKX

More MGBKX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 658
  • Other Holdings 84
  • % Assets in Top 10 Holdings 27.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

USD/EUR FWD 20240119 Purchased

24.24
222,652,591
Derivative

USD/KRW NDF 20240126 Purchased

7.58
69,653,236
Derivative

Euro Bobl Future Dec 23

7.11
65,337,664
Government

2 Year Treasury Note Future Dec 23

5.66
52,022,422
Government

NZD/USD FWD 20240119 Purchased

5.62
51,657,687
Derivative

USD/GBP FWD 20240119 Purchased

5.32
48,866,832
Derivative

5 Year Treasury Note Future Dec 23

5.10
46,805,500
Government

USD/CNH FWD 20240119 Purchased

4.82
44,272,943
Derivative

The Republic of Korea 1.88%

3.59
33,012,783
Government

Currency Cash CASH_USD

3.32
30,493,386
Cash and Equivalents