About MHIJX
MFS High Income Fund R4 is a mutual fund designed to seek high current income with a secondary objective of capital appreciation. It primarily invests in high-yield bonds, including below-investment-grade debt securities, corporate bonds, mortgage-backed securities, and other fixed-income instruments, with a small allocation to equities and cash equivalents. The fund maintains a diversified portfolio featuring approximately 97.5% in bonds, holding hundreds of issues from various issuers, with an average effective maturity of 3.7 years, average effective duration of 2.7 years, and a yield to worst around 4.99%. Notable top holdings include CCO Holdings LLC and FMG Resources August 2006 Pty Ltd bonds. Class R4 shares, available to eligible investors, carry a net expense ratio of approximately 0.63%, with no front-end or deferred sales charges, and provide monthly income distributions. Managed by MFS Investment Management, the fund plays a key role in fixed-income markets by offering exposure to higher-yielding, credit-sensitive securities, appealing to investors seeking income in a portfolio context while navigating interest rate and credit risks.
Fund Family MFS
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MHIJX
Share Class R4
Index Bloomberg US High Yield 2% Issuer Cap TR
MHIJX had a total return of 4.21% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.93%.
