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
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MHIKX
Share Class R6
Index Bloomberg US High Yield 2% Issuer Cap TR
MHIKX had a total return of 2.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.50%.
