MFS Global Total Return A Fund (MFWTX - Free Report) a Zacks Rank #2 (Buy) was incepted in September 1990 and is managed by Massachusetts Financial Services Company. MFWTX's investment objective is to seek total return by providing above-average income and opportunities for growth of capital and income. MFWTX is a global ''balanced fund'' and invests in a combination of global equity and fixed income securities. MFWTX normally invests at least 40%, but not more than 75%, of its net assets in global equity securities and at least 25% of its net assets in global fixed income securities.
This Allocation Balanced product, as of the last filing, allocates their fund in six major groups; Intermediate Bond, Foreign Stock, Foreign Bond, Large Growth, Large Value and Precious Metal. Further, as of the last filing, Philip Morris International Inc, Johnson & Johnson and KDDI Corp were the top holdings for MFWTX.
The MFS Global Total Return A fund, managed by MFS, carries an expense ratio of 1.13%. Moreover, MFWTX requires a minimal initial investment of $1,000.
MFWTX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5% and 5 year 8.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
MFWTX’s performance, as of the last filing, when compared to funds in its category was in the top 6% over the past 1 year.
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