Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The funds investment objective is to seek total return with an emphasis on current income, but also considering capital appreciation.
Strategy. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the funds net assets in corporate debt instruments. Corporate debt instruments are debt instruments issued by corporations or similar entities. MFS may also invest the fund's assets in U.S. Government securities. MFS invests the majority of the funds assets in investment grade quality debt instruments, but may also invest the funds assets in below investment grade quality debt instruments. MFS may invest the funds assets in foreign securities. MFS normally invests the fund's assets across different industries and sectors, but MFS may invest a significant percentage of the fund's assets in issuers in a single industry or sector. While MFS may use derivatives for any … MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the funds net assets in corporate debt instruments. Corporate debt instruments are debt instruments issued by corporations or similar entities. MFS may also invest the fund's assets in U.S. Government securities. MFS invests the majority of the funds assets in investment grade quality debt instruments, but may also invest the funds assets in below investment grade quality debt instruments. MFS may invest the funds assets in foreign securities. MFS normally invests the fund's assets across different industries and sectors, but MFS may invest a significant percentage of the fund's assets in issuers in a single industry or sector. While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. Derivatives include futures, forward contracts, options, and swaps. MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors. For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MFS Institutional Money Market Portfolio, Class A | — | $77.33M | 1.76% |
| UBS GROUP | — | $33.88M | 0.77% |
| JPMORGAN CHASE | — | $33.15M | 0.76% |
| BOEING CO | — | $32.61M | 0.74% |
| CHARLES SCHWAB | — | $27.03M | 0.62% |
| BERMUDA GOVERNMENT OF 5% 07/15/2032 144A | BERMUD | $25.69M | 0.59% |
| MORGAN STANLEY | — | $25.28M | 0.58% |
| SUMITOMO MITSUI | — | $25.14M | 0.57% |
| UBS GROUP | — | $23.70M | 0.54% |
| CAIXABANK SA REGD V/R 144A P/P 6.84000000 | — | $23.47M | 0.54% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| MFS Corporate Bond Portfolio | 92% | 0.63% |
| MFS Global Alternative Strategy Fund · DVRAX, DVRKX, DVRLX, DVRBX, DVRCX, DVRIX, DVRFX, DVRHX, DVRJX | 18% | 0.97% |
| MFS MULTIMARKET INCOME TRUST | 16% | — |
Advisers
| Firm | Role |
|---|---|
| MASSACHUSETTS FINANCIAL SERVICES COMPANY | Adviser |
Footnotes
- Expense ratio as of August 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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