MFS Global Alternative Strategy Fund Class A

Frequently Asked Questions About DVRAX

What does DVRAX invest in?

The fund's primary goal is to achieve comprehensive total return. Its investment adviser, MFS (Massachusetts Financial Services Company), endeavors to deliver a net total return for the fund that, after all expenses, surpasses the FTSE 1-Month U.S. Treasury Bill Index by 2% to 4% over a complete market cycle.

What is the expense ratio of DVRAX?

MFS Global Alternative Strategy Fund Class A (DVRAX) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations.

What is DVRAX's dividend yield?

DVRAX's trailing-twelve-month yield is 0.82%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DVRAX?

Effective duration measures DVRAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DVRAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DVRAX?

DVRAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DVRAX?

Yield to maturity (YTM) is the total return you'd earn from DVRAX if every bond in the portfolio is held to maturity at the current price. DVRAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.