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MFS Total Return Bond I MRBIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
11.38  /  0.37 %
Total Assets
8.4 Bil
Adj. Expense Ratio
0.450%
Expense Ratio
0.450%
Fee Level
Below Average
Longest Manager Tenure
14.46 years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
2.53%
Effective Duration
5.95 years

USD | NAV as of Jun 18, 2021 | 1-Day Return as of Jun 18, 2021, 10:07 PM GMT+00:00

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Morningstar’s Analysis

Will MRBIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MRBIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the MRBIX 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

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The Parent Pillar is our rating of MRBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An evolving core-plus offering.

Associate Director

Summary

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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.

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