About MHIKX
MFS High Income Fund Class R6 is a mutual fund that seeks total return with a primary emphasis on high current income, while also considering capital appreciation. It normally invests at least 80% of its net assets in high-income debt instruments, including corporate bonds, foreign government securities, floating rate loans, and other obligations, with a focus on below-investment-grade securities rated BB or lower, or unrated equivalents. The portfolio, managed by MFS, features approximately 372 holdings across 230 issuers, predominantly in high-yield corporates (over 93%), with minor allocations to cash equivalents, emerging markets debt, and derivatives. Key characteristics include an average effective duration of about 2.7-2.8 years, effective maturity of 3.7 years, and a 30-day SEC yield around 6.2-6.3%, supported by monthly income distributions. With a net expense ratio of 0.52%, total assets nearing $2 billion, and a portfolio turnover of 57%, it employs bottom-up fundamental research on companies with solid credit fundamentals and top-down risk budgeting to navigate high-yield markets. Classified in the Morningstar High Yield Bond category, it plays a significant role in providing income-oriented exposure to riskier fixed-income sectors vulnerable to credit and economic risks.
Fund Family MFS
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol MHIKX
Share Class R6
Index Bloomberg US High Yield 2% Issuer Cap TR
MHIKX had a total return of 7.42% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.30%.
