Fund Facts  

Inception Date: Apr 1, 2005
Ticker Symbol: MFGJX
Morningstar Category:Intermediate Government
As of Mar 31, 2016
Fund Net Assets ($millions) $2,201

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks total return with an emphasis on current income, but also considering capital appreciation.

Principal Investment Strategies  

The fund normally invests at least 80% of its net assets in U.S. government securities. U.S. government securities include mortgage-backed securities and other types of asset-backed securities issued or guaranteed by the U.S. Treasury, by an agency or instrumentality of the U.S. government, or by a U.S. government-sponsored entity. It generally invests substantially all of its assets in investment grade debt instruments. The fund may invest a relatively large percentage of the fund's assets in a single issuer or a small number of issuers.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
MFS Government Securities R4a2.47%2.47%1.77%1.76%2.88%4.43%4.18%
Barclays U.S. Government/Mortgage Bond Indexa,b3.42%3.42%-3.65%1.85%4.88%6.93%N/A
Morningstar Intermediate Governmenta,c1.99%1.99%1.40%1.48%2.68%4.06%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa0.63%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The Barclays U.S. Treasury Index measures the performance of U.S. government and mortgage-related bonds.

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 4 Stars297
3-Year 3 Stars297
5-Year 3 Stars284
10-Year 4 Stars215

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Fixed Income Stylebox
High Moderate
Allocation of Assets As of Feb 29, 2016
Type of Asset Percent
Equity0%
Fixed Income88%
Cash/Other12%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 29, 2016
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond86.4%
Foreign Bond1.9%
Preferred0.0%
Convertible0.0%
Cash11.7%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Feb 29, 2016
SectorPercent
Securitized49.8%
Government35.4%
Cash & Equivalents11.7%
Corporate2.6%
Municipal0.6%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Feb 29, 2016
Quality LevelPercent
AAA93.1%
AA6.0%
A0.6%
BBB0.5%
BB0.2%
B0.5%
Below B0.0%
Not Rated-1.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Feb 29, 2016
Holding NamePercent
US Treasury Note 1%4.5%
US Treasury Bond 4.5%3.3%
GNMA 3.5%3.3%
US Treasury Note 3.125%3.2%
US Treasury Note2.3%
US Treasury Note 2.5%2.1%
FNMA 4.5%2.0%
FHLMC 2.5%1.6%
US Treasury Note 2.625%1.6%
US Treasury Bond 2.875%1.5%
 

Statistics

Duration and Maturity As of Feb 29, 2016
StatisticValue
Average Effective Duration4.53 years
Average Effective Maturity6.93 years
Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.840.78
Alpha-0.020.18
Standard Deviation2.652.53
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

The MFS Funds imposes trading restrictions for this investment. If you transfer more than $5,000 out of this investment, you will be restricted from transferring any amount into this fund for a 30 day period. Full details are provided in the Fund's prospectus.

 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.