MFS Corporate Bond I Fund (MBDIX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in May 1974 and is managed by Massachusetts Financial Services Company. MBDIX's main investment objective is to provide as high a level of current income as is believed to be consistent with prudent risk. Its secondary objective is to protect shareholders' capital. MBDIX invests, under normal market conditions, at least 80% of its net assets in fixed income securities that include corporate bonds, U.S. government securities and mortgage-backed and asset-backed securities. The fund may invest in foreign securities (including emerging markets securities) as well as in derivative securities.
The MFS Corporate Bond I Fund fund, managed by MFS, carries an expense ratio of 0.57%. Moreover, MBDIX requires a minimal initial investment of $0.
MBDIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.4% and 5 year 4.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
MBDIX’s performance, as of the last filing, when compared to funds in its category was in the top 10% over the past 1 year, in the top 9% over the past 3 years, and in the 8% over the past 5 years.
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