U.S. Corporate 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.
U.S. Corporate Bond Fund
INVESTMENT OBJECTIVE
Seeks total return with an emphasis on current income, but also considering capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Focuses on investment-grade debt and corporate bonds of U.S. issuers believed to have solid/improving fundamentals
May also include high-yield, international and/or emerging market debt
Portfolio based on intensive fundamental research and collaborative research organization that aims to avoid adverse credit events, and focuses on bottom-up security selection
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.
High Yield: 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.
Fund Information
- Fund Inception 19-Feb-2013
- Net Assets (US$ M) As of 31-Mar-25 US$614.55
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark Bloomberg U.S. Credit Index
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 24-Apr-25 $137.28
- Most Recent NAV Change As of 24-Apr-25 $0.79 | 0.58%
- ISIN LU2971678557
- SEDOL BT8SCR9
- WKN A40Z24
- Bloomberg MFUCBZ1 LX
- CUSIP L6367C567
- Maximum Sales Charge --
- Benchmark Bloomberg U.S. Credit Index
MANAGERS
Top 10 Holdings
- UST Bond 2Yr Future JUN 30 25
- UST Bond 30Yr Future JUN 18 25
- UBS Group AG 144A FRB AUG 13 30
- UST Ultra Bond Future JUN 18 25
- JPMorgan Chase & Co FRB NOV 08 32
- Bank of America Corp FRB APR 27 28
- Vodafone Group PLC 5.625% FEB 10 53
- L3Harris Technologies Inc 5.4% JUL 31 33
- UST Bond 10Yr Future JUN 18 25*
- UST 10Yr Ultra Bond Future JUN 18 25*
Alexander Mackey, CFA
Portfolio Manager
Alexander M. Mackey, CFA, is co-chief investment officer of Fixed Income at MFS Investment Management® (MFS®). As co-CIO, he has joint oversight of MFS' global fixed income team and works collaboratively with the firm's investment leadership team to ensure its fixed income investors have the tools and skill sets necessary to serve clients globally. He is also a fixed income portfolio manager on several strategies, including the firm's multisector fixed income strategies, with oversight of dedicated US credit portfolios. Alexander assumed his current role in 2023. Prior to taking on portfolio management responsibilities in 2017, he worked as a credit research analyst for 13 years and a fixed income research associate for three years. He joined MFS as a financial control assistant in 1998. Alexander has a bachelor's degree from Trinity College and holds the Chartered Financial Analyst (CFA) designation. He is a member of CFA Society Boston.
Jay Mitchell, CFA
Portfolio Manager
Jay Mitchell, CFA, is an investment officer and fixed income portfolio manager at MFS Investment Management® (MFS®). In this role, he collaborates with the full MFS global investment organization to develop and implement portfolio strategies that seek to achieve long-term performance objectives. His responsibilities encompass all aspects of portfolio construction, including risk budgeting, asset allocation, security selection and risk management. Jay joined MFS in 2000, first serving in the firm's retirement services division. In 2003, he was named fixed income trading associate and in 2004 was named fixed income research associate. In 2007, he was promoted to research analyst and in 2017 was named director of emerging market corporate research. He added portfolio responsibilities in 2020, and in 2023 was named portfolio manager on the US and global credit strategies. Jay earned a bachelor's degree in finance and a Master of Business Administration degree from Boston College. He holds the Chartered Financial Analyst designation from the CFA Institute and is a member of the CFA Society Boston.
Craig Anzlovar, CFA
Institutional Portfolio Manager
Craig Anzlovar, CFA, is an institutional fixed income portfolio manager at MFS Investment Management® (MFS®). He is responsible for ensuring that the implementation of the investment process aligns with client expectations and for providing transparency on our fixed income investment philosophy, process, strategy and performance. He is a member of the portfolio management team of the strategies he supports and participates in portfolio strategy and positioning discussions. Craig joined MFS in 2015 as a managing director, investment product specialist and was named to his current role in 2021. Before joining MFS, he was a fixed income client portfolio manager at Pioneer Investments for one year. Prior to that, from 2001 to 2014, he worked at Fidelity Investments, where he held multiple fixed roles, including institutional portfolio manager for two years and investment director for seven years. He began his career in the financial services industry in 2001. Craig earned a bachelor's degree from Fairfield University and a Master of Business Administration degree from Babson College. He is a CFA charter holder and a member of CFA Society Boston.
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 | 9.50 | -4.36 | -6.04 | 4.96 | 5.26 | 1.48 | 19-Feb-2025 |
| Bloomberg U.S. Credit Index | 7.88 | -4.16 | -5.31 | 4.15 | 4.87 | - | - |
| 12 month period ending: | Class Z1 Shares, US Dollars at NAV | |
|---|---|---|
| 31-Mar-21 or Life | 9.50 | |
| 31-Mar-22 | -4.36 | |
| 31-Mar-23 | -6.04 | |
| 31-Mar-24 | 4.96 | |
| 31-Mar-25 | 5.26 | |
| YTD % | 1.48 | |
| 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 investment management fee for Class Z shares is not reflected in performance. However, performance for periods prior to the start of the class performance record of the Class Z shares and prior to the fund's inception date reflects all fees paid within the oldest share class in the performance history.
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 investment management fee for Class Z shares is not reflected in performance. However, performance for periods prior to the start of the class performance record of the Class Z shares and prior to the fund's inception date reflects all fees paid within the oldest share class in the performance history.
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. Credit Index|
Life
|
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 2.72 | -0.27 | 6.16 | 6.49 | -3.15 | 14.35 | 11.45 | -1.43 | -16.49 | 9.04 | 2.97 |
| Bloomberg U.S. Credit Index | - | -0.77 | 5.63 | 6.18 | -2.11 | 13.80 | 9.35 | -1.08 | -15.26 | 8.18 | 2.03 |
| At NAV | Bloomberg U.S. Credit Index | |
|---|---|---|
| 2024 | 2.97 | 2.03 |
| 2023 | 9.04 | 8.18 |
| 2022 | -16.49 | -15.26 |
| 2021 | -1.43 | -1.08 |
| 2020 | 11.45 | 9.35 |
| 2019 | 14.35 | 13.8 |
| 2018 | -3.15 | -2.11 |
| 2017 | 6.49 | 6.18 |
| 2016 | 6.16 | 5.63 |
| 2015 | -0.27 | -0.77 |
| 2.72 | - |
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 investment management fee for Class Z shares is not reflected in performance. However, performance for periods prior to the start of the class performance record of the Class Z shares and prior to the fund's inception date reflects all fees paid within the oldest share class in the performance history.
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: 24-Apr-25
- Net Asset Value (NAV): $137.28
- Change ($) (since 23-Apr-25): 0.79
- Change (%) (since 23-Apr-25): 0.58
- 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 with an emphasis on current income, but also considering capital appreciation, measured in US dollars.
INVESTMENT FOCUS
Focuses on investment-grade debt and corporate bonds of U.S. issuers believed to have solid/improving fundamentals
May also include high-yield, international and/or emerging market debt
Portfolio based on intensive fundamental research and collaborative research organization that aims to avoid adverse credit events, and focuses on bottom-up security selection
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.
High Yield: 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.
Fund Information
- Fund Inception 19-Feb-2013
- Net Assets (US$ M) As of 31-Mar-25 US$614.55
- Fiscal Year End JANUARY
- SFDR Classification Article 8
- Benchmark Bloomberg U.S. Credit Index
Share Class Information
- Class Inception 19-Feb-2025
- Net Asset Value (NAV) As of 24-Apr-25 $137.28
- Most Recent NAV Change As of 24-Apr-25 $0.79 | 0.58%
- ISIN LU2971678557
- SEDOL BT8SCR9
- WKN A40Z24
- Bloomberg MFUCBZ1 LX
- CUSIP L6367C567
- Maximum Sales Charge --
- Benchmark Bloomberg U.S. Credit Index
MANAGERS
Top 10 Holdings
As of 31-Mar-25- UST Bond 2Yr Future JUN 30 25
- UST Bond 30Yr Future JUN 18 25
- UBS Group AG 144A FRB AUG 13 30
- UST Ultra Bond Future JUN 18 25
- JPMorgan Chase & Co FRB NOV 08 32
- Bank of America Corp FRB APR 27 28
- Vodafone Group PLC 5.625% FEB 10 53
- L3Harris Technologies Inc 5.4% JUL 31 33
- UST Bond 10Yr Future JUN 18 25*
- UST 10Yr Ultra Bond Future JUN 18 25*
Alexander Mackey, CFA
Portfolio Manager
VIEW FULL PROFILE27YEARS WITH INDUSTRY
8YEARS WITH PORTFOLIOAlexander M. Mackey, CFA, is co-chief investment officer of Fixed Income at MFS Investment Management® (MFS®). As co-CIO, he has joint oversight of MFS' global fixed income team and works collaboratively with the firm's investment leadership team to ensure its fixed income investors have the tools and skill sets necessary to serve clients globally. He is also a fixed income portfolio manager on several strategies, including the firm's multisector fixed income strategies, with oversight of dedicated US credit portfolios. Alexander assumed his current role in 2023. Prior to taking on portfolio management responsibilities in 2017, he worked as a credit research analyst for 13 years and a fixed income research associate for three years. He joined MFS as a financial control assistant in 1998. Alexander has a bachelor's degree from Trinity College and holds the Chartered Financial Analyst (CFA) designation. He is a member of CFA Society Boston.
Jay Mitchell, CFA
Portfolio Manager
25YEARS WITH INDUSTRY
2YEARS WITH PORTFOLIOJay Mitchell, CFA, is an investment officer and fixed income portfolio manager at MFS Investment Management® (MFS®). In this role, he collaborates with the full MFS global investment organization to develop and implement portfolio strategies that seek to achieve long-term performance objectives. His responsibilities encompass all aspects of portfolio construction, including risk budgeting, asset allocation, security selection and risk management. Jay joined MFS in 2000, first serving in the firm's retirement services division. In 2003, he was named fixed income trading associate and in 2004 was named fixed income research associate. In 2007, he was promoted to research analyst and in 2017 was named director of emerging market corporate research. He added portfolio responsibilities in 2020, and in 2023 was named portfolio manager on the US and global credit strategies. Jay earned a bachelor's degree in finance and a Master of Business Administration degree from Boston College. He holds the Chartered Financial Analyst designation from the CFA Institute and is a member of the CFA Society Boston.
Craig Anzlovar, CFA
Institutional Portfolio Manager
25YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOCraig Anzlovar, CFA, is an institutional fixed income portfolio manager at MFS Investment Management® (MFS®). He is responsible for ensuring that the implementation of the investment process aligns with client expectations and for providing transparency on our fixed income investment philosophy, process, strategy and performance. He is a member of the portfolio management team of the strategies he supports and participates in portfolio strategy and positioning discussions. Craig joined MFS in 2015 as a managing director, investment product specialist and was named to his current role in 2021. Before joining MFS, he was a fixed income client portfolio manager at Pioneer Investments for one year. Prior to that, from 2001 to 2014, he worked at Fidelity Investments, where he held multiple fixed roles, including institutional portfolio manager for two years and investment director for seven years. He began his career in the financial services industry in 2001. Craig earned a bachelor's degree from Fairfield University and a Master of Business Administration degree from Babson College. He is a CFA charter holder and a member of CFA Society Boston.
-
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 9.50 -4.36 -6.04 4.96 5.26 1.48 19-Feb-2025 Bloomberg U.S. Credit Index 7.88 -4.16 -5.31 4.15 4.87 - - 12 month period ending: Class Z1 Shares, US Dollars at NAV 31-Mar-21 or Life 9.50 31-Mar-22 -4.36 31-Mar-23 -6.04 31-Mar-24 4.96 31-Mar-25 5.26 YTD % 1.48 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 investment management fee for Class Z shares is not reflected in performance. However, performance for periods prior to the start of the class performance record of the Class Z shares and prior to the fund's inception date reflects all fees paid within the oldest share class in the performance history.
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 investment management fee for Class Z shares is not reflected in performance. However, performance for periods prior to the start of the class performance record of the Class Z shares and prior to the fund's inception date reflects all fees paid within the oldest share class in the performance history.
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. Credit Indexannual rate of return table Life2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 2.72 -0.27 6.16 6.49 -3.15 14.35 11.45 -1.43 -16.49 9.04 2.97 Bloomberg U.S. Credit Index - -0.77 5.63 6.18 -2.11 13.80 9.35 -1.08 -15.26 8.18 2.03 At NAV Bloomberg U.S. Credit Index 2024 2.97 2.03 2023 9.04 8.18 2022 -16.49 -15.26 2021 -1.43 -1.08 2020 11.45 9.35 2019 14.35 13.8 2018 -3.15 -2.11 2017 6.49 6.18 2016 6.16 5.63 2015 -0.27 -0.77 2.72 - 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 investment management fee for Class Z shares is not reflected in performance. However, performance for periods prior to the start of the class performance record of the Class Z shares and prior to the fund's inception date reflects all fees paid within the oldest share class in the performance history.
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: 24-Apr-25
- Net Asset Value (NAV): $137.28
- Change ($) (since 23-Apr-25): 0.79
- Change (%) (since 23-Apr-25): 0.58
- 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