An investment grade taxable closed-end bond fund
INVESTMENT OBJECTIVE
Seeks high current income, but may also consider capital appreciation.
Fund Information
- Fund Commencement 05/28/1987
- Net Assets ($ M) As of 10/31/24 $105.84
- Fiscal Year End NOVEMBER
- Net Asset Value (NAV) As of 11/21/24 $3.21
- Most Recent NAV Change As of 11/21/24 0.31%
- Market Price (MP) As of 11/21/24 $3.09
- Most Recent Market Price Change As of 11/21/24 0.32%
MANAGERS
Top 10 Holdings
- UST Bond 5Yr Future DEC 31 24
- UST Bond 2Yr Future DEC 31 24
- US Treasury Note 2% NOV 15 26
- UST Bond 10Yr Future DEC 19 24
- US Treasury Note 2.875% JUL 31 25
- US Treasury Bond 4.5% AUG 15 39
- UMBS 30 Year 2.0
- UMBS 30 Year 2.5
- US Treasury Note 5% SEP 30 25
- UST 10Yr Ultra Bond Future DEC 19 24*
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.
Market Price: The market price of common shares of the fund will be based on factors such as the supply and demand for common shares in the market and general market, economic, political or regulatory conditions. Whether shareholders will realize gains or losses upon the sale of common shares of the fund will depend on the market price of common shares at the time of the sale, not on the fund's net asset value. The market price may be lower or higher than the fund's net asset value. Shares of closed-end funds frequently trade at a discount or premium to their net asset value.
Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. Leverage can cause increased volatility by magnifying gains or losses.
Neeraj Arora, CFA
Portfolio Manager
Neeraj Arora, CFA, is an investment officer and fixed income portfolio manager for MFS Investment Management® (MFS®). He is co-manager of the firm's emerging markets debt strategies, which include both US dollar--denominated and local currency strategies, as well as dedicated emerging market debt portfolios within several multi-asset fixed income strategies at the firm. Before joining MFS in 2011, Neeraj worked as an economist and sovereign research analyst for six years on the emerging market fixed income team at J.P. Morgan. Neeraj earned a bachelor's degree from Marquette University and a master's degree in economics from Georgetown University. He holds the Chartered Financial Analyst (CFA) designation.
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.
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.
Performance
Average Annual Total Returns (%)
Performance data shown represents past performance and is no guarantee of future results. At the time of sale, shares may have a market price that is above or below net asset value, and may be worth more or less than the original cost; current performance may be lower or higher than quoted. All results are historical and assume the reinvestment of dividends and capital gains.
Important Performance Information
The fund has adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. You should not draw any conclusions about the fund's investment performance from the amount of the fund's distributions or from the terms of the fund's managed distribution plan. The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders. The amendment or termination of a plan could have an adverse effect on the market price of the fund's common shares. The plan will be subject to periodic review by the Board. With each distribution that does not consist solely of net investment income, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in the fund is paid back to them. A return of capital does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income'. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time. For estimated source information for distributions paid in prior periods, please see Dividend Source Information
Annual Rate of Return (%)
As of 12/31/23| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 5.88 | 0.53 | 2.16 | 3.06 | 0.36 | 7.58 | 8.22 | -1.62 | -12.51 | 5.23 |
| at MP | 6.85 | 1.00 | 2.64 | 2.58 | 1.27 | 10.21 | 7.76 | -0.24 | -15.85 | 3.77 |
| At NAV | at MP | |
|---|---|---|
| 2023 | 5.23 | 3.77 |
| 2022 | -12.51 | -15.85 |
| 2021 | -1.62 | -0.24 |
| 2020 | 8.22 | 7.76 |
| 2019 | 7.58 | 10.21 |
| 2018 | 0.36 | 1.27 |
| 2017 | 3.06 | 2.58 |
| 2016 | 2.16 | 2.64 |
| 2015 | 0.53 | 1.0 |
| 2014 | 5.88 | 6.85 |
Pricing History
- NAV at Close of Trading on: 11/21/24
- Net Asset Value (NAV): $3.21
- Change ($) (since 11/20/24 ): 0.01
- Change (%) (since 11/20/24 ): 0.31
- MP at Close of Trading on: 11/21/24
- Market Price (MP): $3.09
- Change $ (since 11/20/24 ): 0.01
- Change (%) (since 11/20/24 ): 0.32
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
| MP at Close of Trading on | Market Price (MP) |
|---|
Distribution Rate (%)
Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price.The fund has adopted a managed distribution plan. The fund's managed distribution rate is 7.25%.
The fund may distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital.
The fund has adopted a managed distribution plan. The fund's managed distribution rate is 7.25%.
The fund may distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital.
As of 10/31/24
For information about the sources the managed distribution rates, see Dividend Source Information
| Performance | Distribution Rate |
| NAV | 7.53 |
| MP | 7.67 |
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 11/21/24 Dividend Source Information
| Record Date | Ex-Date | Payable Date | Type of Earnings 1 | Rate per Share (US$) |
|---|---|---|---|---|
| 11/12/24 | 11/12/24 | 11/29/24 | Other | 0.01989 |
| 10/15/24 | 10/15/24 | 10/31/24 | Other | 0.02040 |
| 09/17/24 | 09/17/24 | 09/30/24 | Other | 0.02021 |
| 08/13/24 | 08/13/24 | 08/30/24 | Other | 0.01984 |
| 07/16/24 | 07/16/24 | 07/31/24 | Other | 0.01980 |
| 06/18/24 | 06/18/24 | 06/18/24 | Other | 0.01964 |
| 05/15/24 | 05/14/24 | 05/31/24 | Other | 0.01961 |
| 04/17/24 | 04/16/24 | 04/30/24 | Other | 0.02002 |
| 03/13/24 | 03/12/24 | 03/28/24 | Other | 0.02006 |
| 02/14/24 | 02/13/24 | 02/29/24 | Other | 0.02032 |
| 01/17/24 | 01/16/24 | 01/31/24 | Other | 0.02039 |
| 12/20/23 | 12/19/23 | 12/29/23 | Other | 0.01969 |
The fund has adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. You should not draw any conclusions about the fund's investment performance from the amount of the fund's distributions or from the terms of the fund's managed distribution plan. The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders. The amendment or termination of a plan could have an adverse effect on the market price of the fund's common shares. The plan will be subject to periodic review by the Board. With each distribution that does not consist solely of net investment income, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in the fund is paid back to them. A return of capital does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income'. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time. For estimated source information for distributions paid in prior periods, please see Dividend Source Information
The amount of distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions could change.
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Overview
An investment grade taxable closed-end bond fund
INVESTMENT OBJECTIVE
Seeks high current income, but may also consider capital appreciation.
Fund Information
- Fund Commencement 05/28/1987
- Net Assets ($ M) As of 10/31/24 $105.84
- Fiscal Year End NOVEMBER
- Net Asset Value (NAV) As of 11/21/24 $3.21
- Most Recent NAV Change As of 11/21/24 0.31%
- Market Price (MP) As of 11/21/24 $3.09
- Most Recent Market Price Change As of 11/21/24 0.32%
MANAGERS
Top 10 Holdings
As of 10/31/24- UST Bond 5Yr Future DEC 31 24
- UST Bond 2Yr Future DEC 31 24
- US Treasury Note 2% NOV 15 26
- UST Bond 10Yr Future DEC 19 24
- US Treasury Note 2.875% JUL 31 25
- US Treasury Bond 4.5% AUG 15 39
- UMBS 30 Year 2.0
- UMBS 30 Year 2.5
- US Treasury Note 5% SEP 30 25
- UST 10Yr Ultra Bond Future DEC 19 24*
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.
Market Price: The market price of common shares of the fund will be based on factors such as the supply and demand for common shares in the market and general market, economic, political or regulatory conditions. Whether shareholders will realize gains or losses upon the sale of common shares of the fund will depend on the market price of common shares at the time of the sale, not on the fund's net asset value. The market price may be lower or higher than the fund's net asset value. Shares of closed-end funds frequently trade at a discount or premium to their net asset value.
Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. Leverage can cause increased volatility by magnifying gains or losses.
Neeraj Arora, CFA
Portfolio Manager
19YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIONeeraj Arora, CFA, is an investment officer and fixed income portfolio manager for MFS Investment Management® (MFS®). He is co-manager of the firm's emerging markets debt strategies, which include both US dollar--denominated and local currency strategies, as well as dedicated emerging market debt portfolios within several multi-asset fixed income strategies at the firm. Before joining MFS in 2011, Neeraj worked as an economist and sovereign research analyst for six years on the emerging market fixed income team at J.P. Morgan. Neeraj earned a bachelor's degree from Marquette University and a master's degree in economics from Georgetown University. He holds the Chartered Financial Analyst (CFA) designation.
Alexander Mackey, CFA
Portfolio Manager
VIEW FULL PROFILE26YEARS WITH INDUSTRY
3YEARS 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.
Geoffrey Schechter, CFA, CPA
Portfolio Manager
35YEARS WITH INDUSTRY
19YEARS 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
15YEARS 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.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
As of 10/31/24 (*YTD Updated Monthly, As of 10/31/24 , subject to revision and not annualized.)Performance data shown represents past performance and is no guarantee of future results. At the time of sale, shares may have a market price that is above or below net asset value, and may be worth more or less than the original cost; current performance may be lower or higher than quoted. All results are historical and assume the reinvestment of dividends and capital gains.
Important Performance Information
The fund has adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. You should not draw any conclusions about the fund's investment performance from the amount of the fund's distributions or from the terms of the fund's managed distribution plan. The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders. The amendment or termination of a plan could have an adverse effect on the market price of the fund's common shares. The plan will be subject to periodic review by the Board. With each distribution that does not consist solely of net investment income, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in the fund is paid back to them. A return of capital does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income'. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time. For estimated source information for distributions paid in prior periods, please see Dividend Source Information
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/23annual rate of return table 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 At NAV 5.88 0.53 2.16 3.06 0.36 7.58 8.22 -1.62 -12.51 5.23 at MP 6.85 1.00 2.64 2.58 1.27 10.21 7.76 -0.24 -15.85 3.77 At NAV at MP 2023 5.23 3.77 2022 -12.51 -15.85 2021 -1.62 -0.24 2020 8.22 7.76 2019 7.58 10.21 2018 0.36 1.27 2017 3.06 2.58 2016 2.16 2.64 2015 0.53 1.0 2014 5.88 6.85 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 11/21/24
- Net Asset Value (NAV): $3.21
- Change ($) (since 11/20/24 ): 0.01
- Change (%) (since 11/20/24 ): 0.31
- MP at Close of Trading on: 11/21/24
- Market Price (MP): $3.09
- Change $ (since 11/20/24 ): 0.01
- Change (%) (since 11/20/24 ): 0.32
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.
Historical MP TableMP at Close of Trading on Market Price (MP) No Data AvailableDistribution Rate (%)
Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price.The fund has adopted a managed distribution plan. The fund's managed distribution rate is 7.25%.
The fund may distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital.
As of 10/31/24
For information about the sources the managed distribution rates, see Dividend Source Information
Performance Distribution Rate NAV 7.53 MP 7.67 Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 11/21/24 Dividend Source Information
Record Date Ex-Date Payable Date Type of Earnings 1 Rate per Share (US$) 11/12/24 11/12/24 11/29/24 Other 0.01989 10/15/24 10/15/24 10/31/24 Other 0.02040 09/17/24 09/17/24 09/30/24 Other 0.02021 08/13/24 08/13/24 08/30/24 Other 0.01984 07/16/24 07/16/24 07/31/24 Other 0.01980 06/18/24 06/18/24 06/18/24 Other 0.01964 05/15/24 05/14/24 05/31/24 Other 0.01961 04/17/24 04/16/24 04/30/24 Other 0.02002 03/13/24 03/12/24 03/28/24 Other 0.02006 02/14/24 02/13/24 02/29/24 Other 0.02032 01/17/24 01/16/24 01/31/24 Other 0.02039 12/20/23 12/19/23 12/29/23 Other 0.01969 The fund has adopted a managed distribution plan. The fund's managed distribution rate is 7.25%.The fund has adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. You should not draw any conclusions about the fund's investment performance from the amount of the fund's distributions or from the terms of the fund's managed distribution plan. The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders. The amendment or termination of a plan could have an adverse effect on the market price of the fund's common shares. The plan will be subject to periodic review by the Board. With each distribution that does not consist solely of net investment income, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in the fund is paid back to them. A return of capital does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income'. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time. For estimated source information for distributions paid in prior periods, please see Dividend Source Information
The amount of distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions could change.
1Other may contain sources of income other than ordinary income, such as short term capital gains, long term capital gains, or return of capital. Distributions that are treated for federal income tax purposes as a return of capital will reduce a shareholder's tax basis in his or her shares and, to the extent the distribution exceeds a shareholder's adjusted tax basis, will be treated as a gain to the shareholder from a sale of shares. Please see the funds' dividend source card for the breakdown of the estimated sources of distributions in prior periods by clicking on the link above labeled Dividend Source Information.