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Morningstar

MFS High Income B MHIBX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 3.00  /  0.33 %
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    1.640%
  • Expense Ratio 1.610%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 4.45%
  • Effective Duration 4.01 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis MHIBX

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

People Pillar

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

Summary

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MFS High Income B boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Quantitative Rating at Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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