MFS® Global High Yield Fund

Fixed Income | MHOAX
Without Waiver 4.08 %
With Waiver 4.19 %
$ 6.26
$0.0 As of 12/11/17
$405M
As of 11/30/17
Morningstar
View Overall Morningstar Ratings Information

MFS® Global High Yield Fund

Fixed Income
MHOAX
$0.0 As of 12/11/17
As of 11/30/17
Fixed Income | MHOAX
$ 6.26
$0.0 As of 12/11/17
$405M
As of 11/30/17
Morningstar
View Overall Morningstar Ratings Information
INVESTMENT OBJECTIVE

Seeks total return with an emphasis on high current income, but also considering capital appreciation.

INVESTMENT FOCUS

A global high yield portfolio managed to seek to enhance returns and manage risk over full market cycles

A top-down risk budgeting process that adjusts global risk exposures over the course of the credit cycle

Bottom-up fundamental research emphasizes selection of companies we believe are managed to withstand the credit cycle

Fund Information

Fund Commencement
07/01/98
Net Assets ($ M)
As of 11/30/17
$405.62
Fiscal Year End
JANUARY
Benchmark

BofA Merrill Lynch Global High Yield Constrained Index (USD Hedged) tracks the performance of below-investment-grade corporate debt of issuers domiciled in countries having an investment-grade foreign currency long-term debt rating (based on an average of Moody's and S&P).  The Index is weighted by outstanding issuance, but constrained such that the percentage of any one issuer may not represent more than 2% of the Index.

BofA Merrill Lynch Global High Yield - Constrained Index (USD Hedged)

Top 10 Holdings

As of 11/30/17
  • Telecom Italia SpA/Milano 144A 5.303% MAY 30 24
  • Consolidated Energy Finance SA 144A 6.875% JUN 15 25
  • Anglo American Capital PLC 144A 4.75% APR 10 27
  • Jaguar Land Rover Automotive PLC 144A 4.5% OCT 01 27
  • Park Aerospace Holdings Ltd 144A 5.5% FEB 15 24
  • Unitymedia Hessen GmbH & Co KG RegS 6.25% JAN 15 29
  • Gazprom OAO Via Gaz Capital SA RegS 4.950 MAR 23 27
  • UBS Group AG RegS FRB DEC 29 49
  • Altice Financing SA 144A 7.5% MAY 15 26
  • Ust Bond 10yr Future Mar 20 18*
MANAGERS

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore the Fund's share price may decline during rising rates. Funds that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

Emerging markets can have less market structure, depth, and regulatory, custodial or operational oversight and greater political, social, and economic instability than developed markets.

Investments in foreign markets can involve greater risk and volatility than U.S. investments because of adverse market, currency, economic, industry, political, regulatory, geopolitical, or other conditions.

Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

Please see the prospectus for further information on these and other risk considerations.

Performance

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Average Annual Total Returns %

Average Annual Total Returns %

These results represent the percent change in net asset value.
Monthly | Quarterly As of 09/30/17 (*YTD Updated Daily, As of 12/10/17 , subject to revision and not annualized.)

    Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

    MORNINGSTAR RATING
    Morningstar Overall Rating As of 10/31/17 Class A Shares

    Morningstar High Yield Bond

    Morningstar ratings are based on risk adjusted performance.

    OVERALL
    Out Of Funds
    NA
    OVERALL MORNINGSTAR RATING
    Morningstar Overall Rating As of 10/31/17 Class A Shares

    Morningstar High Yield Bond

    Morningstar ratings are based on risk adjusted performance.

    NA
    THREE YEAR
    Out Of Funds
    NA
    FIVE YEAR
    Out Of Funds
    NA
    TEN YEAR
    Out Of Funds
    NA

    Important Performance Information

    Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.

    Sales Charges

    Class A shares ("A") results include the maximum sales charge.

    Annual Rate of Return %
    Pricing & Distributions