MFS Limited Maturity Fund
MFS Series Trust IX · 9 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
MFS Limited Maturity Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2025 Q3
The funds investment objective is to seek total return with an emphasis on current income, but also considering capital preservation.
The fund invests primarily in investment-grade debt instruments with a dollar-weighted average effective maturity normally not exceeding five years, selecting securities through bottom-up fundamental analysis of individual issuers and instruments. The fund may invest a significant percentage of its assets in a single issuer or a small number of issuers, creating concentration risk. The fund may also invest substantially in a single industry, sector, country, or region.
| Share class | Gross | Net |
|---|---|---|
| MQLIX | 0.49% | 0.43% |
| MQLFX | 0.74% | 0.58% |
| MQLJX | 0.49% | 0.43% |
| MQLBX | 1.49% | 1.33% |
| MQLCX | 1.49% | 1.43% |
| MQLGX | 1.49% | 1.43% |
| MLMRX | 0.99% | 0.83% |
| MQLHX | 0.74% | 0.68% |
| MQLKX | 0.41% | 0.35% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 37.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 73.27% |
| Securitized | 24.22% |
| Cash & short-term | 2.83% |
| Derivatives | 0.10% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 24.1% |
| Government | 23.4% |
| International | 12.8% |
| Other | 12.0% |
| 12 smaller | 27.7% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Bain Capital Credit CLO Ltd., BDS LLC, Texas Capital Bancshares, Inc., Salesforce, Inc., Morgan Stanley, Oracle Corp., Acore Issuer LLC, PFS Financing Corp.
Largest exited: Boeing Co. (The), COPT Defense Properties LP, Regal Rexnord Corp., Bain Capital Credit CLO Ltd., Morgan Stanley, Global Payments, Inc., Glencore Funding LLC, Ross Stores, Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.38% | +16.50% | +13.97% | 1.35% | -0.69% | |
| +4.03% | +15.76% | +13.15% | 1.37% | -0.69% | |
| +4.20% | +16.47% | +14.02% | 1.31% | -0.68% | |
| +3.43% | +13.42% | +9.16% | 1.39% | -0.76% | |
| +3.15% | +12.86% | +8.46% | 1.23% | -0.60% | |
| +3.16% | +12.87% | +8.25% | 1.31% | -0.77% | |
| +3.95% | +15.07% | +11.73% | 1.16% | -0.54% | |
| +4.12% | +15.62% | +12.56% | 1.17% | -0.53% | |
| +4.26% | +16.78% | +14.46% | 1.23% | -0.51% |
These classes hold the same portfolio, so the 6.22pp spread over 5 years is the cost difference between them — roughly 1.24pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 64.6% |
| Floating rate | 35.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.7% |
| 1-3y | 37.1% |
| 3-5y | 30.1% |
| 5-10y | 10.7% |
| 10y+ | 16.4% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 55% |
| Credit spreads | 45% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.50 yr |
| High yield | +0.12 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 2% |
| 1 yr | 0.83 yr | 43% |
| 5 yr | 0.96 yr | 50% |
| 10 yr | 0.08 yr | 4% |
| 30 yr | 0.03 yr | 2% |
| 3 mo | 0.04 yr | 3% |
| 1 yr | 0.66 yr | 41% |
| 5 yr | 0.79 yr | 49% |
| 10 yr | 0.09 yr | 6% |
| 30 yr | 0.03 yr | 2% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.04 | +0.00 | $13.4k | $846 |
| 1 yr | +0.83 | +0.62 | +0.04 | $208.5k | $11.9k |
| 5 yr | +0.96 | +0.75 | +0.04 | $250.8k | $14.3k |
| 10 yr | +0.08 | +0.07 | +0.02 | $22.1k | $7.6k |
| 30 yr | +0.03 | +0.02 | +0.01 | $6.1k | $4.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | United States of America4.63% · due 2029-04-30 | 10.29% | $343.99M | — |
| — | United States of America4.88% · due 2028-10-31 | 8.64% | $288.78M | — |
| — | MFS Institutional Money Market Portfolio | 2.83% | $94.40M | — |
| — | United States of America3.38% · due 2027-11-30 | 1.98% | $66.03M | — |
| — | United States of America4.13% · due 2028-07-31 | 1.50% | $50.25M | — |
| — | Bank of America Corp.1.73% floating · due 2027-07-22 | 0.68% | $22.62M | — |
| — | Dryden 75 CLO Ltd.5.17% floating · due 2034-04-14 | 0.57% | $19.16M | — |
| — | Morgan Stanley1.51% floating · due 2027-07-20 | 0.56% | $18.73M | — |
| — | JPMorgan Chase & Co.5.04% floating · due 2028-01-23 | 0.54% | $18.12M | — |
| — | TCW CLO Ltd.5.28% floating · due 2034-04-20 | 0.54% | $17.91M | — |
Top 10 positions are 28.13% of net assets, top 25 35.51%, across 241 issuers.
See more of this fund's book
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