About MFGDX
MFS Government Securities Fund Class C is a mutual fund focused on delivering total return, with a particular emphasis on generating current income while also considering capital appreciation. The fund primarily invests in U.S. government and agency securities, including instruments issued by entities such as the U.S. Treasury, Ginnie Mae, Fannie Mae, and Freddie Mac. By employing sector rotation strategies among various government-backed instruments, the fund aims to respond to changes in macroeconomic indicators, valuations, and prevailing market conditions.
As part of the intermediate-government portfolio category, the fund maintains at least 90% of its holdings in securities backed by the U.S. government or related agencies, ensuring low credit risk due to the high likelihood of government repayment. Its portfolio typically includes Treasury notes and bonds, mortgage-backed securities, and other agency debt, resulting in bond durations averaging between 3.5 and 6 years.
The fund is benchmarked against the Bloomberg U.S. Government/Mortgage Bond Index, providing a transparent measure of performance versus the broader government securities market. Established in 1984, this fund serves investors seeking stability and income within the fixed income sector of the financial markets.
Fund Family MFS
Category Intmdt US Govt
Performance Rating Low
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MFGDX
Share Class C
Index Bloomberg U.S. Government Mortgage TR
MFGDX had a total return of -3.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.46%.
