Closed-end management investment company that seeks high current income and capital appreciation.
MFS Charter Income Trust is a closed-ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company (MFS). Since its inception on July 20, 1989, the fund has been committed to investing in the fixed income markets across the globe. Its diverse portfolio primarily consists of corporate bonds issued by both U.S. and foreign entities, U.S. government securities, foreign government securities, mortgage-backed securities, and other asset-backed securities. Additionally, it includes debt instruments from issuers located in emerging market countries. This global diversification strategy aims to balance risk and return by leveraging opportunities across various geographic regions and sectors.
The investment approach of MFS Charter Income Trust combines fundamental and quantitative analysis with a bottom-up stock picking strategy. This method involves thoroughly analyzing individual securities to construct a portfolio that aligns with the fund’s investment objectives. By blending detailed financial analysis and quantitative models, the fund aims to identify undervalued securities with strong potential for income generation and capital appreciation. The goal is to achieve a well-rounded and resilient portfolio that can perform robustly across different market conditions.
MFS Charter Income Trust benchmarks the performance of its portfolio against a diverse array of indices, including the Barclays U.S. High-Yield Corporate Bond 2% Issuer Capped Index, MFS Charter Income Trust Blended Index, Barclays U.S. Credit Bond Index, Barclays U.S. Government/Mortgage Bond Index, Citigroup World Government Bond Non-Dollar Hedged Index, and JPMorgan Emerging Markets Bond Index Global. This comprehensive benchmarking strategy helps ensure that the fund's performance is measured against relevant market segments, providing a clear view of its relative success. Headquartered in the United States, MFS Charter Income Trust continues to leverage its global investment strategy and rigorous analytical approach to deliver value to its investors.