We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 MFS Mutual Funds That Are Must-Haves for Your Portfolio
Read MoreHide Full Article
Renowned global asset manager MFS provides an array of financial products and services to fulfill the needs of its investors as well as 10,000 investment professionals. Based on assets raised in the country or region, the company managed assets worth over $685.5 billion as of Aug 31, 2021.
The company has 1,900 employees dedicated to addressing its clients’ needs. MFS deals in more than 80 portfolios investing in not only domestic and global stocks but also fixed-income securities. It has investment offices in Boston, Hong Kong, São Paulo, Singapore, Toronto, London, Mexico City, Sydney and Tokyo. The company was founded in 1924 and is headquartered in Boston, MA.
MFS Emerging Markets Debt Local Currency Fund Class A (EMLAX - Free Report) aims for total return with a focus on high current income. The fund invests the majority of its assets in debt instruments of issuers that are economically linked to emerging market countries and denominated in local currencies and in derivative instruments that have similar economic characteristics to these instruments. The fund has returned 6% in the past three years.
Ward Brown is the fund manager of EMLAX since 2011.
MFS Global Real Estate Fund Class A (MGLAX - Free Report) aims for total return. The fund mostly invests in equity securities of U.S. and foreign real estate-related investments. It has three-year annualized returns of 13.5%.
As of the end of Jul 2021, MGLAX held 65 issues with 6.3% of its assets invested in Prologis Inc.
MFS Municipal Income Fund Class A1 (MMIDX - Free Report) invests the bulk of its assets in municipal securities that are believed to provide interest income free from federal income tax. MMIDX seeks returns through tax-free income and growth of capital. The fund may invest more than one-fourth of its assets in those municipal instruments that are related to education, healthcare, utilities and housing. MMIDX has three-year annualized returns of 5.3%.
MMIDX has an expense ratio of 0.52% compared with the category average of 0.73%.
Image: Bigstock
3 MFS Mutual Funds That Are Must-Haves for Your Portfolio
Renowned global asset manager MFS provides an array of financial products and services to fulfill the needs of its investors as well as 10,000 investment professionals. Based on assets raised in the country or region, the company managed assets worth over $685.5 billion as of Aug 31, 2021.
The company has 1,900 employees dedicated to addressing its clients’ needs. MFS deals in more than 80 portfolios investing in not only domestic and global stocks but also fixed-income securities. It has investment offices in Boston, Hong Kong, São Paulo, Singapore, Toronto, London, Mexico City, Sydney and Tokyo. The company was founded in 1924 and is headquartered in Boston, MA.
Below we share with you three top-ranked MFS mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
MFS Emerging Markets Debt Local Currency Fund Class A (EMLAX - Free Report) aims for total return with a focus on high current income. The fund invests the majority of its assets in debt instruments of issuers that are economically linked to emerging market countries and denominated in local currencies and in derivative instruments that have similar economic characteristics to these instruments. The fund has returned 6% in the past three years.
Ward Brown is the fund manager of EMLAX since 2011.
MFS Global Real Estate Fund Class A (MGLAX - Free Report) aims for total return. The fund mostly invests in equity securities of U.S. and foreign real estate-related investments. It has three-year annualized returns of 13.5%.
As of the end of Jul 2021, MGLAX held 65 issues with 6.3% of its assets invested in Prologis Inc.
MFS Municipal Income Fund Class A1 (MMIDX - Free Report) invests the bulk of its assets in municipal securities that are believed to provide interest income free from federal income tax. MMIDX seeks returns through tax-free income and growth of capital. The fund may invest more than one-fourth of its assets in those municipal instruments that are related to education, healthcare, utilities and housing. MMIDX has three-year annualized returns of 5.3%.
MMIDX has an expense ratio of 0.52% compared with the category average of 0.73%.
To view the Zacks Rank and past performance of all MFS mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>