MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.
The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds. In addition to these income-producing instruments, MFS Charter Income Trust may allocate a portion of its assets to bank loans, structured credit and other fixed-income vehicles, according to market conditions. Portfolio managers follow a research-driven process to select securities that they believe offer attractive yields relative to their risk profiles, while seeking to diversify across industries and issuers.
Although the Trust is domiciled in the United States, its investment mandate allows for exposure to both domestic and international credit markets. This global reach enables the portfolio team to pursue opportunities across developed and emerging markets. MFS Investment Management, the firm responsible for day-to-day portfolio oversight, draws on its long history in fixed-income research and risk management to support the Trust’s objectives.
Over its multi-decade history, MFS Charter Income Trust has undergone market cycles and interest-rate environments, adapting its allocations to changing credit conditions and yield landscapes. The fund’s closed-end structure permits the use of leverage and share repurchase strategies, which the management team may employ with the aim of enhancing income and total returns for shareholders.
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