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MFS® Bond Portfolio

       
   
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CUSIP:  55274F588  
Daily NAV:  $11.94  (as of 4/17/14)
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Portfolio Profile

A corporate bond portfolio with an investment grade focus

Focuses on corporate bonds our analysts believe have solid or improving credit fundamentals. The fund may also invest in high-yield and international bonds, as well as emerging market debt.

Objective:

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

 

  • Classification: Bond
  • Class Inception: 5/6/98  
  • Start of Investment Operations: 5/5/98  
  • CUSIP:  55274F588  

Portfolio Facts:

 
Portfolio characteristic data are based on unaudited net assets.

 
The portfolio is actively managed, and current holdings may be different.

 
Portfolio Structure
(on 3/31/14)
High Grade Corporates 68.96%
High Yield Corporates 20.44%
Cash & Other1 6.37%
Emerging Markets Debt 2.23%
Commercial Mtg Backed 0.91%
U.S. Treasuries 0.62%
Non-U.S. Sovereigns 0.20%
Collateralized Debt Obligations 0.19%
Asset Backed 0.06%
Mortgage Backed 0.02%
Portfolio Statistics
(on 3/31/14)
What's this?
Average Effective Maturity 8.09 yrs
Average Effective Duration 5.37 yrs
 
Top 10 Holdings
(on 3/31/14)  
What's this?
Full & Historical Holdings
Life Technologies Corp 6.000 MAR 01 20
Forest Laboratories Inc 144A 4.375 FEB 01 19
Gap Inc 5.950 APR 12 21
Bank of America Corp 2.000 JAN 11 18
Discover Bank 7.000 APR 15 20
Tyson Foods Inc FRB APR 01 16
Lorillard Tobacco Co 8.125 JUL 23 19
Dollar General Corp 4.125 JUL 15 17
Mohawk Industries Inc 6.125 JAN 15 16
Southwestern Energy Co 7.500 FEB 01 18

9.21% of total net assets
Total number of holdings: 314
Credit Quality
(% of Total Net Assets on 3/31/14)
What's this?
U.S. Government 0.62%
Federal Agencies 0.02%
AA 0.31%
A 15.10%
BBB 55.96%
BB 18.02%
B 3.29%
CCC and Below 0.29%
Other Not Rated 0.01%
 
 

Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.

 

1 Cash and other assets are less liabilities; this may include derivative offsets.

 
 
Important Risk Considerations

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

 
Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, 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 rate environments as the underlying debt instruments in the portfolio adjust to the rise in 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.

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

 
Investments in derivatives can be used to take both long and short positions, be highly volatile, result in 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 lower-quality debt instruments can be more volatile and have greater risk of default than higher-quality debt instruments.

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

 
Before purchasing any variable product, consider the objectives, risks, charges, and expenses associated with the underlying investment option(s) and those of the product itself. For a prospectus, or summary prospectus if available, containing this and other information, contact your investment or insurance professional. Read the prospectus carefully before investing.