6 9

Active Core Plus Bond ETF

MFSB
$ 24.96
$0.06 As of 12/11/24
$ 24.93
$0.05 As of 12/11/24
$27M
As of 12/11/24

Active Core Plus Bond ETF

MFSB
$0.06 As of 12/11/24
$0.05 As of 12/11/24
As of 12/11/24
MFSB
$ 24.96
$0.06 As of 12/11/24
$ 24.93
$0.05 As of 12/11/24
$27M
As of 12/11/24
  • Overview

    INVESTMENT OBJECTIVE

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

    INVESTMENT FOCUS

    Through a collaborative process, portfolio managers set the strategy's risk budget and work with analysts to select securities

    US core plus bond strategy that provides exposure to the broad U.S. bond market with a bias towards credit markets

    Uses a full suite of tools to drive alpha generation, while seeking to add value primarily through sector and quality allocation and security selection decisions

    Fund Information

    • Fund Commencement 12/05/2024
    • Net Assets ($ M) As of 12/11/24 $27.43
    • Fiscal Year End FEBRUARY
    • Benchmark

      Bloomberg U.S. Aggregate Bond Index measures the U.S. bond market.

      Bloomberg U.S. Aggregate Bond Index
    • Net Asset Value (NAV) As of 12/11/24 $24.93
    • Most Recent NAV Change As of 12/11/24 $0.05 | 0.19%
    • Market Price (MP) As of 12/11/24 $24.96
    • Most Recent Market Price Change As of 12/11/24 $0.06 | 0.24%
    • Premium / Discount As of 12/11/24

      Premium/Discount indicates whether a fund is trading above (premium) or below (discount) its Net Asset Value (NAV).

      0.11%
    • 30 Day Median Bid / Ask Spread

      The median bid-ask spread is calculated by identifying national best bid and national best offer (NBBO) for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is the median bid-ask spread, which is identified and posted on each business day.

      --
    • Expense Ratio

      Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

      0.34%
    • Exchange NYSE

    MANAGERS

    Top 10 Holdings

    No data currently available

    Important Risk Considerations

    Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Shares of ETFs are bought and sold at market price, not NAV, and are not individually redeemed from the fund. The market price at the time of sale may be higher or lower than the fund’s NAV, and any applicable brokerage commissions will reduce returns. There can be no guarantee that an active market for the funds will develop or be maintained.

    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.

    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.

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

  • Performance

    Performance

    Average Annual Total Returns

    Average Annual Total Returns (%)

    Market price returns are calculated using the closing price reported by the exchange.

    These results represent the percent change in net asset value.
    (*YTD Updated As of 01/01/24 , 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.

       

      MORNINGSTAR RATING
      Morningstar ratings are based on risk adjusted performance.
      OVERALL
      Out Of Funds
      NA
      OVERALL MORNINGSTAR RATING
      Morningstar ratings are based on risk adjusted performance.
      NA
      THREE YEAR
      Out Of Funds
      NA
      FIVE YEAR
      Out Of Funds
      NA
      TEN YEAR
      Out Of Funds
      NA

      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 assume the reinvestment of dividends and capital gains.

      Annual Rate of Return

      Annual Rate of Return (%)

      Market price returns are calculated using the closing price reported by the exchange.

      No data currently available

      annual rate of return table
      Pricing & Distributions

      Premium / Discount (%)

      The line graph and table below display historical data regarding the differences between the daily closing market price of the fund - as determined by the fund’s listing exchange - and the fund’s NAV. The Vertical Axis displays the premium/discount as a percentage of NAV, while the Horizontal Axis displays the corresponding date.

      The table below shows the number of trading days in which the ETF traded at a premium (greater than), discount (less than) or at its NAV.

      Number of Days at a Premium / Discount

      Calendar Year
      2023
      Q1 2024 Q2 2024 Q3 2024 Q4 2024
      Premium

      Premium: When the fund's market price is higher than its Net Asset Value.

      - 0 0 0 5
      NAV
      - 0 0 0 0
      Discount

      Discount: When the fund's market price is lower than its Net Asset Value.

      - 0 0 0 0

      Pricing History

      • MP at Close of Trading on:  12/11/24
      • Market Price (MP):  $24.96
      Maximum data displayed is for the most recent 10 years
      Historical MP Lookup
      Enter date for which you wish to obtain a Historical MP for this fund

      Historical MP may not be available for all dates.

      Historical MP Table
      MP at Close of Trading on Market Price (MP)
      No Data Available

      30-Day SEC Yield (%)
      The fund's 30-day yield is based on the yield of a fund's investments over a 30-day period and not on the dividend paid by the fund, which may differ.

      No data currently available
      Past performance is no guarantee of future results. Please consult your tax advisor for further information.
    • Portfolio & Holdings Information

      Portfolio & Holdings Information
      Portfolio characteristic data are based on unaudited net assets.

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

      Sector, Holding & Characterstics

      Holding Characteristics
      Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. Coupons are netted for securities with a payable and receivable leg. Non-accruing securities are treated as having a coupon equal to zero.

      Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value.

      Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds.

      Weighted average yield-to-worst of all portfolio holdings excluding cash & derivatives. Yield-to-worst is the annual estimate of the portfolio yield considering factors such as call provisions, prepayments, and other features that may affect a bond's cash flow; and assumes no default. It is an estimated characteristic at a point in time and is not a measure of portfolio performance.

      No data currently available

      Top 10 Holdings

      No data currently available

      Exposures

      Portfolio Structure (%)

      No data currently available

      Credit Quality (%)

      For all securities other than those described below, ratings are assigned utilizing ratings from Moody’s, Fitch, and Standard & Poor’s and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. If none of the 4 rating agencies listed above rate the security, but the security is rated by the Kroll Bond Rating Agency (KBRA), then the KBRA rating is assigned. Other Not Rated includes other fixed income securities not rated by any rating agency. Ratings are shown in the S&P and Fitch scale (e.g., AAA). All ratings are subject to change. The portfolio itself has not been rated by any rating agency. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/ issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moody’s, and Fitch respectively. The index rating methodology may differ.

      No data currently available

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

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

      *Short positions, unlike long positions, lose value if the underlying asset gains value.

    • Fees

      Fees

      • 0.34 % Expense Ratio

        Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

    • Resources

      Resources

      Product Resources

      Fact Sheets are available approximately 15 days after quarter end.


      Quarterly Portfolio Review is available approximately 25 days after quarter end.


      Product Presentation available approximately 25 days after quarter end.

      Product Resources

      Shareholder Reports

      Shareholder Reports

      Click here to access the following:
      • Semiannual Report
      • Annual Report
      • Financial and Other Information
      • First Quarter Holdings
      • Third Quarter Holdings
      Product Literature

      Product Literature

      MFS Active ETFs: Exploring what Active ETFs can do for you

      Client facing brochure that provides a high-level overview about active ETFs and MFS's ETF lineup.

      MFS Active Core Plus Bond ETF - MFSB Product Profile

      Detailed overview of philosophy, investment process and portfolio construction of the Fund.

      Expanding Client Choice With MFS Active ETFs

      Flyer that provides key information about the MFS Active ETF lineup including ticker, expense ratio and benchmark.

      This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.

      This publication is authorized for distribution only when preceded or accompanied by a prospectus, or summary prospectus, for the portfolio being offered. Consider the fund's investment objectives, risks, charges and expenses. Contact MFS or view online at MFS.com. Read it carefully.

      MFS registered investment products are offered through MFS® Fund Distributors, Inc., Member SIPC, 111 Huntington Avenue, Boston, MA 02199.

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