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MFS Corporate Bond A MFBFX

Analyst rating as of
NAV / 1-Day Return
15.41  /  0.64 %
Total Assets
6.2 Bil
Adj. Expense Ratio
0.760%
Expense Ratio
0.760%
Fee Level
Below Average
Longest Manager Tenure
4.47 years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Medium / Extensive
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.42%
Effective Duration
8.02 years
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Morningstar’s Analysis

Will MFBFX outperform in future?

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

This strategy has lost an experienced manager but retains some attractive qualities.

Senior Analyst

Summary

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On June 30, 2021, longtime manager Robert Persons retired from his duties after 16 years at the helm of this strategy, which includes MFS Corporate Bond and its UCITS sibling MFS Meridian USD Corporate Bond. We remain convinced by this risk-aware strategy and the ample credit research resources backing it but have lowered its People rating to Average. The strategy’s cheapest US-sold R6 share class retains its Morningstar Analyst Rating of Bronze, while the other US. and UCITS share classes receive ratings of Neutral or Negative.

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