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
Stock Exchange NASDAQ
Ticker Symbol MHIJX
Share Class R4
Index Bloomberg US High Yield 2% Issuer Cap TR
MHIJX had a total return of 6.60% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.98%.
