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Morningstar

MFS High Income R1 MHIGX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 2.91  /  0.33 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    1.630%
  • Expense Ratio 1.630%
  • Distribution Fee Level High
  • Share Class Type Retirement, Small
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.97%
  • Effective Duration 3.57 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MHIGX

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

People Pillar

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

MFS High Income R1 boasts strong Process and People 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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MHIGX

More MHIGX Holdings
  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 340
  • Other Holdings 12
  • % Assets in Top 10 Holdings 6.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Cash CASH_USD

4.77
82,702,416
Cash and Equivalents

Future on 10 Year Treasury Note

1.24
21,525,125
Government

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

1.10
19,006,043
Corporate

Ford Motor Credit Company LLC 4.13%

0.91
15,852,863
Corporate

Equitrans Midstream Corporation 5.5%

0.75
12,922,984
Corporate

Global Aircraft Leasing Co Ltd 6.5%

0.74
12,887,050
Corporate

EUR/USD FWD 20231020 Purchased

0.71
12,361,571
Derivative

Sirius Xm Radio Inc 5.5%

0.64
11,177,887
Corporate

FMG Resources (August 2006) Pty Ltd. 4.38%

0.62
10,756,307
Corporate

Clearway Energy Operating LLC 3.75%

0.61
10,599,780
Corporate