INVESTMENT OBJECTIVE
Seeks total return.
INVESTMENT FOCUS
Goal is total return that meets or exceeds 2-4% over the ICE BofA 0-3 Month U.S. Treasury Bill Index (net of fund expenses), over a full market cycle, with less reliance on favorable market conditions
Seeks to generate consistent returns over time by managing active security selection separately from tactical equity, fixed income and currency market allocation
The fund uses a flexible approach, seeking lower correlation to traditional equity and fixed income markets
Fund Information
- Fund Commencement 12/20/2007
- Net Assets ($ M) As of 01/31/25 $137.51
- Fiscal Year End OCTOBER
-
Benchmark
Bloomberg 1-3 Year U.S. Treasury Bond Index
Bloomberg 1-3 Year U.S. Treasury Bond Index measures U.S. Treasury bonds with a maturity from 1 year up to (but not including) 3 years.
Share Class Information
- Class Inception 12/20/2007
- Net Asset Value (NAV) As of 02/10/25 $12.70
- Most Recent NAV Change As of 02/10/25 $0.03 | 0.24%
- Fund Number 4341
- Maximum Sales Charge --
-
Gross Expense Ratio
2.32%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
2.12%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 02/28/25
Class R1 shares are available to eligible investors.
MANAGERS
Fund Positioning (%)
| Derivative Overlay Positions 1 | ||||
|---|---|---|---|---|
| Active Security Selection | Long | Short 1,* | Net Exposure | |
| 28.76 | ||||
| Europe ex-U.K. | 11.56 | 4.44 | -2.26 | 13.74 |
| North America ex-U.S. | 2.07 | 3.09 | 5.15 | |
| U.S. Large Cap | 28.79 | 0.02 | -25.28 | 3.53 |
| Emerging Markets | 2.82 | 5.78 | -5.26 | 3.34 |
| United Kingdom | 3.00 | -0.31 | 2.69 | |
| U.S. Small/Mid Cap | 19.67 | -17.80 | 1.87 | |
| Developed - Middle East/Africa | 0.03 | 0.03 | ||
| Asia/Pacific ex-Japan | 1.30 | 2.76 | -4.59 | -0.54 |
| Japan | 4.03 | -5.08 | -1.05 | |
| 52.71 | ||||
| U.S. | 14.51 | 44.74 | -12.52 | 46.73 |
| United Kingdom | 0.62 | 8.28 | 8.90 | |
| Asia/Pacific ex-Japan | 0.68 | 2.74 | 3.42 | |
| Emerging Markets | 0.27 | 0.27 | ||
| North America ex-U.S. | 1.16 | -0.99 | 0.17 | |
| Japan | 0.38 | -0.66 | -0.28 | |
| Europe ex-U.K. | 2.19 | -8.70 | -6.51 | |
| 2.53 | ||||
| U.S. | 2.40 | 2.40 | ||
| Non-U.S. | 0.12 | 0.12 | ||
| Cash & Cash Equivalents | 4.69 | |||
| Other3 | 11.32 | |||
| Total Net Exposure Summary | 100.00 | |||
Market exposure of derivative position utilized to adjust fund.
Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
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.
International: 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.
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.
Strategy: There is no assurance that the portfolio will meet its target total rate of return, or have lower volatility than that of the overall equity market, over the long term or for any year or period of years. The portfolio's strategy to manage its exposure to asset classes, markets, and currencies may not produce the intended results. It is expected that the portfolio will generally under-perform the equity markets during strong, rising equity markets.
Allocation: MFS' assessment of the risk/return potential of asset classes, markets and currencies and its adjustments to the portfolio's exposure to asset classes, markets and currencies may not produce intended results and/or can lead to an investment focus that results in the portfolio underperforming other portfolios that invest in similar investment types or have similar investment strategies and/or underperform the markets in which the portfolio invests.
Strategy: The portfolio's strategy to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, changes from the market factors' historical trends, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
Please see the prospectus for further information on these and other risk considerations.
Thomas Crowley, CFA
Portfolio Manager
Thomas P. Crowley, CFA, is an investment officer and an equity research analyst at MFS Investment Management ® (MFS®). He serves as the team leader for the firm's Capital Goods sector research team and is a member of the Consumer Staples team. Thomas joined MFS in 2007. Previously, he was a research analyst in the consumer discretionary and staples sector teams at Putnam Investments for seven years. He received a Bachelor of Arts degree from The College of the Holy Cross and an MBA from Dartmouth College, Tuck School of Business. Thomas also holds the Chartered Financial Analyst (CFA) designation from the CFA Institute and is an affiliate of the Boston Security Analyst's Society.
Ben Nastou, CFA
Portfolio Manager
Benjamin R. Nastou, CFA, is an investment officer and co-CIO of quantitative solutions at MFS Investment Management® (MFS®). In his role, he oversees quantitative portfolio management and research at the firm. Ben joined MFS in 2001 as a fixed income research associate and was promoted to quantitative research analyst in 2003. He was named portfolio manager in 2010 and co-director of quantitative solutions in 2021 before taking on his current role in 2024. Ben earned a Bachelor of Arts degree in economics and mathematics from Dartmouth College. He is a member of the Boston Security Analysts Society, Inc. and holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Natalie Shapiro, Ph.D.
Portfolio Manager
Natalie I. Shapiro, Ph.D., is an investment officer and multi-asset portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management teams for the firm's commodity and global multi-asset strategies, she is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Additionally, she participates in the research process and strategy discussions. Natalie joined MFS in 1997 as a quantitative research analyst and took on portfolio management responsibilities in 2007. Prior to joining the firm, she served as a research associate for three years at the Federal Reserve Bank of Boston. Natalie earned a Bachelor of Arts degree in economics with honors from Wellesley College and a doctorate in economics from the University of Pennsylvania.
Erich Shigley, CFA
Portfolio Manager
Erich Shigley is an investment officer and quantitative research analyst with MFS Investment Management (MFS). He is responsible for conducting research and analysis associated with alpha generation, risk management, and asset allocation. He works closely with other members of the investment team to identify and prioritize research topics most relevant to the investment process. Erich joined MFS in 2013. Before that, he spent 13 years at Goldman, Sachs & Co., primarily as a trader and investor in equity derivatives and convertible bond securities. Erich attended Dartmouth College, from which he earned both a Bachelor of Arts degree and a Bachelor of Engineering Sciences degree.
Performance
Average Annual Total Returns (%)
Important Performance Information
Performance information for periods prior to July 13, 2018 reflects periods when a subadvisor was responsible for managing the fund's tactical asset allocation overlay under a different investment process.
Sales Charges
Class R1 shares have no initial sales charge or CDSC and carry a 1.00% annual Rule 12b-1 fee. Shares are available to eligible investors.
Annual Rate of Return (%)
As of 12/31/24 | Benchmark: Bloomberg 1-3 Year U.S. Treasury Bond Index| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | -2.58 | -4.49 | 5.44 | -1.44 | 11.88 | 3.66 | 2.62 | -6.08 | 8.15 | 8.65 |
| Bloomberg 1-3 Year U.S. Treasury Bond Index | 0.56 | 0.86 | 0.42 | 1.56 | 3.59 | 3.16 | -0.60 | -3.82 | 4.29 | 4.03 |
| At NAV | Bloomberg 1-3 Year U.S. Treasury Bond Index | |
|---|---|---|
| 2024 | 8.65 | 4.03 |
| 2023 | 8.15 | 4.29 |
| 2022 | -6.08 | -3.82 |
| 2021 | 2.62 | -0.6 |
| 2020 | 3.66 | 3.16 |
| 2019 | 11.88 | 3.59 |
| 2018 | -1.44 | 1.56 |
| 2017 | 5.44 | 0.42 |
| 2016 | -4.49 | 0.86 |
| 2015 | -2.58 | 0.56 |
Pricing History
- NAV at Close of Trading on: 02/10/25
- Net Asset Value (NAV): $12.70
- Change ($) (since 02/07/25 ): 0.03
- Change (%) (since 02/07/25 ): 0.24
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
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 02/11/25
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 12/18/24 | 12/19/24 | 12/20/24 | Dividend | 0.09400 | 12.33 |
-
Overview
INVESTMENT OBJECTIVE
Seeks total return.
INVESTMENT FOCUS
Goal is total return that meets or exceeds 2-4% over the ICE BofA 0-3 Month U.S. Treasury Bill Index (net of fund expenses), over a full market cycle, with less reliance on favorable market conditions
Seeks to generate consistent returns over time by managing active security selection separately from tactical equity, fixed income and currency market allocation
The fund uses a flexible approach, seeking lower correlation to traditional equity and fixed income markets
Fund Information
- Fund Commencement 12/20/2007
- Net Assets ($ M) As of 01/31/25 $137.51
- Fiscal Year End OCTOBER
-
Benchmark
Bloomberg 1-3 Year U.S. Treasury Bond Index
Bloomberg 1-3 Year U.S. Treasury Bond Index measures U.S. Treasury bonds with a maturity from 1 year up to (but not including) 3 years.
Share Class Information
- Class Inception 12/20/2007
- Net Asset Value (NAV) As of 02/10/25 $12.70
- Most Recent NAV Change As of 02/10/25 $0.03 | 0.24%
- Fund Number 4341
- Maximum Sales Charge --
-
Gross Expense Ratio
2.32%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
2.12%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 02/28/25
Class R1 shares are available to eligible investors.
MANAGERS
Fund Positioning (%)
As of 01/31/25Derivative Overlay Positions 1 Active Security Selection Long Short 1,* Net Exposure 28.76 Europe ex-U.K. 11.56 4.44 -2.26 13.74 North America ex-U.S. 2.07 3.09 5.15 U.S. Large Cap 28.79 0.02 -25.28 3.53 Emerging Markets 2.82 5.78 -5.26 3.34 United Kingdom 3.00 -0.31 2.69 U.S. Small/Mid Cap 19.67 -17.80 1.87 Developed - Middle East/Africa 0.03 0.03 Asia/Pacific ex-Japan 1.30 2.76 -4.59 -0.54 Japan 4.03 -5.08 -1.05 52.71 U.S. 14.51 44.74 -12.52 46.73 United Kingdom 0.62 8.28 8.90 Asia/Pacific ex-Japan 0.68 2.74 3.42 Emerging Markets 0.27 0.27 North America ex-U.S. 1.16 -0.99 0.17 Japan 0.38 -0.66 -0.28 Europe ex-U.K. 2.19 -8.70 -6.51 2.53 U.S. 2.40 2.40 Non-U.S. 0.12 0.12 Cash & Cash Equivalents 4.69 Other3 11.32 Total Net Exposure Summary 100.00 1Market exposure of derivative position utilized to adjust fund.
3Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.*Short positions, unlike long positions, lose value if the underlying asset gains value.Important Risk Considerations
The fund may not achieve its objective and/or you could lose money on your investment in the fund.
Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
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.
International: 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.
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.
Strategy: There is no assurance that the portfolio will meet its target total rate of return, or have lower volatility than that of the overall equity market, over the long term or for any year or period of years. The portfolio's strategy to manage its exposure to asset classes, markets, and currencies may not produce the intended results. It is expected that the portfolio will generally under-perform the equity markets during strong, rising equity markets.
Allocation: MFS' assessment of the risk/return potential of asset classes, markets and currencies and its adjustments to the portfolio's exposure to asset classes, markets and currencies may not produce intended results and/or can lead to an investment focus that results in the portfolio underperforming other portfolios that invest in similar investment types or have similar investment strategies and/or underperform the markets in which the portfolio invests.
Strategy: The portfolio's strategy to blend fundamental and quantitative research may not produce the intended results. In addition, MFS fundamental research is not available for all issuers.
Quantitative Strategy: MFS' investment analysis, development and use of quantitative models, and selection of investments may not produce the intended results and/or can lead to an investment focus that results in underperforming portfolios with similar investment strategies and/or the markets in which the portfolio invests. The proprietary and third party quantitative models used by MFS may not produce the intended results for a variety of reasons, including the factors used, the weight placed on each factor, changing sources of market return, changes from the market factors' historical trends, and technical issues in the development, application, and maintenance of the models (e.g., incomplete or inaccurate data, programming/software issues, coding errors and technology failures).
Please see the prospectus for further information on these and other risk considerations.
Thomas Crowley, CFA
Portfolio Manager
26YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOThomas P. Crowley, CFA, is an investment officer and an equity research analyst at MFS Investment Management ® (MFS®). He serves as the team leader for the firm's Capital Goods sector research team and is a member of the Consumer Staples team. Thomas joined MFS in 2007. Previously, he was a research analyst in the consumer discretionary and staples sector teams at Putnam Investments for seven years. He received a Bachelor of Arts degree from The College of the Holy Cross and an MBA from Dartmouth College, Tuck School of Business. Thomas also holds the Chartered Financial Analyst (CFA) designation from the CFA Institute and is an affiliate of the Boston Security Analyst's Society.
Ben Nastou, CFA
Portfolio Manager
23YEARS WITH INDUSTRY
11YEARS WITH PORTFOLIOBenjamin R. Nastou, CFA, is an investment officer and co-CIO of quantitative solutions at MFS Investment Management® (MFS®). In his role, he oversees quantitative portfolio management and research at the firm. Ben joined MFS in 2001 as a fixed income research associate and was promoted to quantitative research analyst in 2003. He was named portfolio manager in 2010 and co-director of quantitative solutions in 2021 before taking on his current role in 2024. Ben earned a Bachelor of Arts degree in economics and mathematics from Dartmouth College. He is a member of the Boston Security Analysts Society, Inc. and holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.
Natalie Shapiro, Ph.D.
Portfolio Manager
31YEARS WITH INDUSTRY
17YEARS WITH PORTFOLIONatalie I. Shapiro, Ph.D., is an investment officer and multi-asset portfolio manager at MFS Investment Management® (MFS®). As a member of the portfolio management teams for the firm's commodity and global multi-asset strategies, she is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Additionally, she participates in the research process and strategy discussions. Natalie joined MFS in 1997 as a quantitative research analyst and took on portfolio management responsibilities in 2007. Prior to joining the firm, she served as a research associate for three years at the Federal Reserve Bank of Boston. Natalie earned a Bachelor of Arts degree in economics with honors from Wellesley College and a doctorate in economics from the University of Pennsylvania.
Erich Shigley, CFA
Portfolio Manager
25YEARS WITH INDUSTRY
3YEARS WITH PORTFOLIOErich Shigley is an investment officer and quantitative research analyst with MFS Investment Management (MFS). He is responsible for conducting research and analysis associated with alpha generation, risk management, and asset allocation. He works closely with other members of the investment team to identify and prioritize research topics most relevant to the investment process. Erich joined MFS in 2013. Before that, he spent 13 years at Goldman, Sachs & Co., primarily as a trader and investor in equity derivatives and convertible bond securities. Erich attended Dartmouth College, from which he earned both a Bachelor of Arts degree and a Bachelor of Engineering Sciences degree.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 12/31/24 (*YTD Updated Daily, As of 02/10/25 , 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.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.Performance information for periods prior to July 13, 2018 reflects periods when a subadvisor was responsible for managing the fund's tactical asset allocation overlay under a different investment process.
Sales Charges
Class R1 shares have no initial sales charge or CDSC and carry a 1.00% annual Rule 12b-1 fee. Shares are available to eligible investors.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24 | Benchmark: Bloomberg 1-3 Year U.S. Treasury Bond Indexannual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV -2.58 -4.49 5.44 -1.44 11.88 3.66 2.62 -6.08 8.15 8.65 Bloomberg 1-3 Year U.S. Treasury Bond Index 0.56 0.86 0.42 1.56 3.59 3.16 -0.60 -3.82 4.29 4.03 At NAV Bloomberg 1-3 Year U.S. Treasury Bond Index 2024 8.65 4.03 2023 8.15 4.29 2022 -6.08 -3.82 2021 2.62 -0.6 2020 3.66 3.16 2019 11.88 3.59 2018 -1.44 1.56 2017 5.44 0.42 2016 -4.49 0.86 2015 -2.58 0.56 Pricing & DistributionsPricing History
- NAV at Close of Trading on: 02/10/25
- Net Asset Value (NAV): $12.70
- Change ($) (since 02/07/25 ): 0.03
- Change (%) (since 02/07/25 ): 0.24
- 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
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 02/11/25
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 12/18/24 12/19/24 12/20/24 Dividend 0.09400 12.33 Past performance is no guarantee of future results. Please consult your tax advisor for further information.