MFS Limited Maturity Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, MFS Limited Maturity Fund held 397 positions with $3.34B in net assets. Its ten largest holdings made up 28.1% of the fund. The MQLIX share class costs 0.43% a year. Over the 12 months to May 2026, MQLIX returned 4.4%, with dividends reinvested. In 2026 Q3 it added 43 new positions and exited 48.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States of America 4.63% · due 2029-04-30 | 10.29% | $343.99M | — |
United States of America 4.88% · due 2028-10-31 | 8.64% | $288.78M | — |
MFS Institutional Money Market Portfolio | 2.83% | $94.40M | — |
United States of America 3.38% · due 2027-11-30 | 1.98% | $66.03M | — |
United States of America 4.13% · 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 Stanley 1.51% 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 | — |
The 200 largest of 397 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 73.27% |
| Securitized | 24.22% |
| Cash & short-term | 2.83% |
| Derivatives | 0.10% |
Derivatives are shown at market value, not notional exposure.
By sector
- Securitized
- 24.6%
- Government
- 24.0%
- Other
- 14.2%
- International
- 13.7%
- 12 other sectors
- 23.4%
- Securitized
- 24.6%
- Government
- 24.0%
- Other
- 14.2%
- International
- 13.7%
- Financials
- 9.7%
- Cash
- 2.2%
- Industrials
- 2.0%
- Information Technology
- 1.6%
- Consumer Discretionary
- 1.4%
- Energy
- 1.3%
- Utilities
- 1.3%
- Communication Services
- 1.0%
- Health Care
- 1.0%
- Real Estate
- 0.9%
- Consumer Staples
- 0.7%
- Materials
- 0.3%
How it has done
MQLIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.35%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.43% | +4.37% | +16.97% | +14.02% | -0.69% | |
| 0.58% | +4.20% | +16.42% | +13.21% | -0.69% | |
| 0.43% | +4.37% | +16.92% | +14.08% | -0.68% | |
| 1.33% | +3.43% | +13.88% | +9.03% | -0.76% | |
| 1.43% | +3.14% | +13.31% | +8.33% | -0.60% | |
| 1.43% | +3.32% | +13.51% | +8.49% | -0.77% | |
| 0.83% | +3.94% | +15.53% | +11.79% | -0.54% | |
| 0.68% | +4.11% | +16.07% | +12.61% | -0.53% | |
| 0.35% | +4.25% | +17.04% | +14.33% | -0.51% |
These classes hold the same portfolio, so the 6.00pp spread over 5 years is the cost difference between them — roughly 1.20pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.35% – 1.43%· MQLIX 0.43%
- Portfolio turnover
- 37.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
43 new· the largest 8
48 exited· the largest 8
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.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
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