MFS Total Return Bond is in the middle of a management transition, but it remains a well-run core-plus offering. Under Morningstar’s enhanced rating methodology, the strategy’s Institutional, R4, and R6 share classes earn a Morningstar Analyst Rating of Silver, while the remaining share classes earn Bronze or Neutral ratings depending on fees.
Will MRBHX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MRBHX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MRBHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MRBHX’s parent organization’s priorities and whether they’re in line with investors’ interests.