Inflation-Adjusted Bond Fund
THIS INFORMATION IS FOR MARKETING PURPOSES ONLY
Please note that this is an actively managed product.
Class Z shares ("Z") are only available to certain qualifying institutional investors.
Inflation-Adjusted Bond Fund
INVESTMENT OBJECTIVE
Seeks total return that exceeds the rate of inflation as measured in the US over the long term, measured in US dollars.
INVESTMENT FOCUS
Looks to add value through duration and yield curve management
Primarily invests in inflation-adjusted US Treasury securities but may also invest in inflation-adjusted debt instruments issued by other US and foreign government and corporate entities, and non-inflation-adjusted debt instruments
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Bond: Investments in debt instruments may decline in value as the result of, or perception 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 portfolio's value may decline during rising rates. Portfolios 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.
Derivatives: 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.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 26-Sep-2005
- Net Assets (US$ M) As of 31-Mar-25 US$83.87
- Fiscal Year End JANUARY
- SFDR Classification Article 6
- Benchmark Bloomberg U.S. Treasury Inflation Protected Securities Index
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 23-Apr-25 $169.84
- Most Recent NAV Change As of 23-Apr-25 $0.47 | 0.28%
- ISIN LU2971678128
- SEDOL BT8SCN5
- WKN A40Z21
- Bloomberg MFIAZ1U LX
- CUSIP L6367C534
- Maximum Sales Charge --
- Benchmark Bloomberg U.S. Treasury Inflation Protected Securities Index
MANAGERS
Top 10 Holdings
- US Treasury Inflation Indexed Bonds 0.125% JAN 15 31
- US Treasury Inflation Indexed Bonds 0.125% JAN 15 32
- US Treasury Inflation Indexed Bonds 0.125% JUL 15 30
- US Treasury Inflation Indexed Bonds 0.875% JAN 15 29
- USD CPI 2Yr Receiver 2.482 MAR 19 26
- US Treasury Inflation Indexed Bonds 0.75% FEB 15 42
- US Treasury Inflation Indexed Bonds 0.375% JUL 15 27
- USD CPI 2Yr Receiver 2.755 FEB 05 27
- US Treasury Inflation Indexed Bonds 0.375% JAN 15 27
- UST Bond 2Yr Future JUN 30 25
Geoffrey Schechter, CFA, CPA
Portfolio Manager
Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios.
Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993.
Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Jake Stone, CFA
Portfolio Manager
Jake Stone, CFA, is an investment officer and fixed income portfolio manager for the US government and mortgage-backed strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. Jake joined MFS in 2018 in his current role. He previously worked for Wellington Management Company for six years, most recently serving as a vice president and portfolio analyst for the fixed income portfolio management team. Before that, he worked for three years as a quantitative research associate and member of the fixed income management team at Manning & Napier Advisors. Jake earned a Bachelor of Arts degree in financial economics from the University of Rochester. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society Boston.
Erik Weisman, Ph.D.
Portfolio Manager
Erik S. Weisman, Ph.D., is an investment officer, chief economist and fixed income portfolio manager at MFS Investment Management® (MFS®). As chief economist, he provides a broad-based view of major economic trends impacting financial markets and economic policy, serving as a thought leader for MFS clients and the firm's investment team as well as in the media. He manages the firm's US and global inflation-adjusted, global total return and global government strategies and chairs both the Fixed Income Strategy Group and the Global Rates and Currency Group. He is also a member of the Risk Opportunities Group and the Macro-Micro Group. Erik joined the firm in 2002 as a global sovereign fixed income research analyst. He assumed portfolio management responsibilities in 2003 and was named chief economist in 2015. Previously, he served for two years as assistant to the US executive director of the International Monetary Fund and for two years as an international economist in the Office of Central and Eastern Europe of the US Department of the Treasury. Erik earned a Bachelor of Arts degree in economics from the University of Michigan and a Ph.D. in economics from Duke University.
Rob Hall
Institutional Portfolio Manager
Robert M. Hall is an investment officer and institutional fixed income portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions, customizes portfolios to meet client objectives and communicates the portfolios' investment policy, strategy, and tactics. Robert has served in a variety of roles since joining MFS in 1994, including institutional marketing and client service. From 2000 to 2009, he was the product specialist for the firm's Luxembourg-registered SICAV funds, covering both equity and fixed income strategies. Since 2009, he has been part of the fixed income investment team, working on a wide range of strategies. His current focus is US multisector. Robert earned a bachelor's degree from Gordon College and a bachelor's degree and a master's degree in education from the University of Massachusetts Lowell.
Performance
12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-Mar-25 [updated monthly]| 12 month period ending: |
31-Mar-21
or Life
|
31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | YTD % | Class Inception |
|---|---|---|---|---|---|---|---|
| Class Z1 Shares, US Dollars at NAV | 6.78 | 3.12 | -5.84 | -1.07 | 6.16 | 2.72 | 19-Feb-2025 |
| Bloomberg U.S. Treasury Inflation Protected Securities Index | 7.54 | 4.29 | -6.06 | 0.45 | 6.17 | - | - |
| 12 month period ending: | Class Z1 Shares, US Dollars at NAV | |
|---|---|---|
| 31-Mar-21 or Life | 6.78 | |
| 31-Mar-22 | 3.12 | |
| 31-Mar-23 | -5.84 | |
| 31-Mar-24 | -1.07 | |
| 31-Mar-25 | 6.16 | |
| YTD % | 2.72 | |
| Class Inception | 19-Feb-2025 | 19-Feb-2025 |
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class Z1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Average Annual Total Returns (%)
Average Annual Total Returns (%)
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class Z1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Annual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: Bloomberg U.S. Treasury Inflation Protected Securities Index|
Life
|
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 2.82 | -2.15 | 4.16 | 2.56 | -1.76 | 8.19 | 10.40 | 4.65 | -11.65 | 2.33 | 1.55 |
| Bloomberg U.S. Treasury Inflation Protected Securities Index | - | -1.44 | 4.68 | 3.01 | -1.26 | 8.43 | 10.99 | 5.96 | -11.85 | 3.90 | 1.84 |
| At NAV | Bloomberg U.S. Treasury Inflation Protected Securities Index | |
|---|---|---|
| 2024 | 1.55 | 1.84 |
| 2023 | 2.33 | 3.9 |
| 2022 | -11.65 | -11.85 |
| 2021 | 4.65 | 5.96 |
| 2020 | 10.4 | 10.99 |
| 2019 | 8.19 | 8.43 |
| 2018 | -1.76 | -1.26 |
| 2017 | 2.56 | 3.01 |
| 2016 | 4.16 | 4.68 |
| 2015 | -2.15 | -1.44 |
| 2.82 | - |
Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class Z1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Pricing History
- NAV at Close of Trading on: 23-Apr-25
- Net Asset Value (NAV): $169.84
- Change ($) (since 22-Apr-25): 0.47
- Change (%) (since 22-Apr-25): 0.28
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
Distributions
-
Overview
INVESTMENT OBJECTIVE
Seeks total return that exceeds the rate of inflation as measured in the US over the long term, measured in US dollars.
INVESTMENT FOCUS
Looks to add value through duration and yield curve management
Primarily invests in inflation-adjusted US Treasury securities but may also invest in inflation-adjusted debt instruments issued by other US and foreign government and corporate entities, and non-inflation-adjusted debt instruments
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Bond: Investments in debt instruments may decline in value as the result of, or perception 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 portfolio's value may decline during rising rates. Portfolios 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.
Derivatives: 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.
Please see the prospectus for further information on these and other risk considerations.
Fund Information
- Fund Inception 26-Sep-2005
- Net Assets (US$ M) As of 31-Mar-25 US$83.87
- Fiscal Year End JANUARY
- SFDR Classification Article 6
- Benchmark Bloomberg U.S. Treasury Inflation Protected Securities Index
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 23-Apr-25 $169.84
- Most Recent NAV Change As of 23-Apr-25 $0.47 | 0.28%
- ISIN LU2971678128
- SEDOL BT8SCN5
- WKN A40Z21
- Bloomberg MFIAZ1U LX
- CUSIP L6367C534
- Maximum Sales Charge --
- Benchmark Bloomberg U.S. Treasury Inflation Protected Securities Index
MANAGERS
Top 10 Holdings
As of 31-Mar-25- US Treasury Inflation Indexed Bonds 0.125% JAN 15 31
- US Treasury Inflation Indexed Bonds 0.125% JAN 15 32
- US Treasury Inflation Indexed Bonds 0.125% JUL 15 30
- US Treasury Inflation Indexed Bonds 0.875% JAN 15 29
- USD CPI 2Yr Receiver 2.482 MAR 19 26
- US Treasury Inflation Indexed Bonds 0.75% FEB 15 42
- US Treasury Inflation Indexed Bonds 0.375% JUL 15 27
- USD CPI 2Yr Receiver 2.755 FEB 05 27
- US Treasury Inflation Indexed Bonds 0.375% JAN 15 27
- UST Bond 2Yr Future JUN 30 25
Geoffrey Schechter, CFA, CPA
Portfolio Manager
36YEARS WITH INDUSTRY
8YEARS WITH PORTFOLIOGeoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios.
Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993.
Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Jake Stone, CFA
Portfolio Manager
16YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOJake Stone, CFA, is an investment officer and fixed income portfolio manager for the US government and mortgage-backed strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. Jake joined MFS in 2018 in his current role. He previously worked for Wellington Management Company for six years, most recently serving as a vice president and portfolio analyst for the fixed income portfolio management team. Before that, he worked for three years as a quantitative research associate and member of the fixed income management team at Manning & Napier Advisors. Jake earned a Bachelor of Arts degree in financial economics from the University of Rochester. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society Boston.
Erik Weisman, Ph.D.
Portfolio Manager
27YEARS WITH INDUSTRY
20YEARS WITH PORTFOLIOErik S. Weisman, Ph.D., is an investment officer, chief economist and fixed income portfolio manager at MFS Investment Management® (MFS®). As chief economist, he provides a broad-based view of major economic trends impacting financial markets and economic policy, serving as a thought leader for MFS clients and the firm's investment team as well as in the media. He manages the firm's US and global inflation-adjusted, global total return and global government strategies and chairs both the Fixed Income Strategy Group and the Global Rates and Currency Group. He is also a member of the Risk Opportunities Group and the Macro-Micro Group. Erik joined the firm in 2002 as a global sovereign fixed income research analyst. He assumed portfolio management responsibilities in 2003 and was named chief economist in 2015. Previously, he served for two years as assistant to the US executive director of the International Monetary Fund and for two years as an international economist in the Office of Central and Eastern Europe of the US Department of the Treasury. Erik earned a Bachelor of Arts degree in economics from the University of Michigan and a Ph.D. in economics from Duke University.
Rob Hall
Institutional Portfolio Manager
31YEARS WITH INDUSTRY
6YEARS WITH PORTFOLIORobert M. Hall is an investment officer and institutional fixed income portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions, customizes portfolios to meet client objectives and communicates the portfolios' investment policy, strategy, and tactics. Robert has served in a variety of roles since joining MFS in 1994, including institutional marketing and client service. From 2000 to 2009, he was the product specialist for the firm's Luxembourg-registered SICAV funds, covering both equity and fixed income strategies. Since 2009, he has been part of the fixed income investment team, working on a wide range of strategies. His current focus is US multisector. Robert earned a bachelor's degree from Gordon College and a bachelor's degree and a master's degree in education from the University of Massachusetts Lowell.
-
Performance
Performance
12 Month Total Returns12 Month Total Returns (%)
12 Month Total Returns (%)
As of 31-Mar-25 [updated monthly]12 month period ending: 31-Mar-21or Life31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 YTD % Class Inception Class Z1 Shares, US Dollars at NAV 6.78 3.12 -5.84 -1.07 6.16 2.72 19-Feb-2025 Bloomberg U.S. Treasury Inflation Protected Securities Index 7.54 4.29 -6.06 0.45 6.17 - - 12 month period ending: Class Z1 Shares, US Dollars at NAV 31-Mar-21 or Life 6.78 31-Mar-22 3.12 31-Mar-23 -5.84 31-Mar-24 -1.07 31-Mar-25 6.16 YTD % 2.72 Class Inception 19-Feb-2025 19-Feb-2025 Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class Z1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Average Annual Total ReturnsAverage Annual Total Returns (%)
Average Annual Total Returns (%)
Updated monthly as of 31-Mar-25Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class Z1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Annual Rate of ReturnAnnual Rate of Return (%)
Annual Rate of Return (%)
As of 31-Dec-24 Benchmark: Bloomberg U.S. Treasury Inflation Protected Securities Indexannual rate of return table Life2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 2.82 -2.15 4.16 2.56 -1.76 8.19 10.40 4.65 -11.65 2.33 1.55 Bloomberg U.S. Treasury Inflation Protected Securities Index - -1.44 4.68 3.01 -1.26 8.43 10.99 5.96 -11.85 3.90 1.84 At NAV Bloomberg U.S. Treasury Inflation Protected Securities Index 2024 1.55 1.84 2023 2.33 3.9 2022 -11.65 -11.85 2021 4.65 5.96 2020 10.4 10.99 2019 8.19 8.43 2018 -1.76 -1.26 2017 2.56 3.01 2016 4.16 4.68 2015 -2.15 -1.44 2.82 - Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested.
Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.
Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.
Important Performance Information
Class Z1 Roll-Up shares do not pay distributions to shareholders.
The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.
Pricing & DistributionsPricing History
- NAV at Close of Trading on: 23-Apr-25
- Net Asset Value (NAV): $169.84
- Change ($) (since 22-Apr-25): 0.47
- Change (%) (since 22-Apr-25): 0.28
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
Distributions
There are no distributions for this share class or distributions are currently not available