Risk Table - MFS Global Opportunistic Bond Fund
|
Risk [Text Block] |
| Principal Risks |
Principal
Risks As with any mutual fund, the fund may not achieve its objective
and/or you could lose money on your investment in the fund. An investment in the fund is not a bank deposit
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental
agency. The principal risks of investing in the fund are:
|
| Risk Lose Money [Member] |
As with any mutual fund, the fund may not achieve its objective
and/or you could lose money on your investment in the fund.
|
| Risk Not Insured [Member] |
An investment in the fund is not a bank deposit
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental
agency.
|
| Investment Selection Risk |
Investment
Selection Risk: MFS' investment analysis and its selection of investments
may not produce the intended results and/or can lead to an investment focus that results in the fund
underperforming other funds with similar investment strategies and/or underperforming the markets in
which the fund invests. In addition, to the extent MFS considers quantitative tools in managing the
fund, such tools may not produce the intended results.
|
| Debt Market Risk |
Debt Market
Risk: Debt markets can be volatile and can decline significantly in response to changes
in, or investor perceptions of, issuer, market, economic, industry, political, regulatory, geopolitical,
environmental, public health, and other conditions. These conditions can affect a single instrument,
issuer, or borrower, a particular type of instrument, issuer, or borrower, a segment of the debt markets
or the debt markets generally. Certain events can have a dramatic adverse effect on debt markets and
may lead to periods of high volatility and reduced liquidity in a debt market or segment of a debt market.
|
| Interest Rate Risk |
Interest Rate Risk: In general,
the price of a debt instrument falls when interest rates rise and rises when interest rates fall. Interest
rate risk is generally greater for instruments with longer maturities or durations, or that do not pay
current interest.
|
| Credit Risk |
Credit Risk: The
price of a debt instrument depends, in part, on the credit quality of the issuer, borrower, counterparty,
or other entity responsible for payment, or underlying collateral or assets and the terms of the instrument. The price of a debt instrument can decline in response
to changes in, or perceptions of, the financial condition of the issuer, borrower, counterparty, or other
entity, or underlying collateral or assets, or changes in, or perceptions of, specific or general market,
economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions.
Debt instruments may be more susceptible to downgrades or defaults during economic downturns or similar
periods of economic stress, which in turn could negatively affect the market value and liquidity of a
debt instrument. Below investment grade quality debt instruments
(commonly referred to as “high yield securities” or “junk bonds”) can involve a substantially
greater risk of default or can already be in default, and their values can decline significantly. Below
investment grade quality debt instruments are regarded as having predominantly speculative characteristics.
Below investment grade quality debt instruments tend to be more sensitive to adverse news about the issuer,
or the market or economy in general, than higher quality debt instruments.
|
| Foreign Risk |
Foreign
Risk: Exposure to foreign markets through issuers or currencies can involve additional
risks relating to market, economic, industry, political, regulatory, geopolitical, environmental, public
health, and other conditions. These factors can make foreign investments, especially those tied economically
to emerging markets or countries subject to sanctions or the threat of new or modified sanctions, more
volatile and less liquid than U.S. investments. In addition, foreign markets can react differently to
these conditions than the U.S. market.
|
| Emerging Markets Risk |
Emerging Markets Risk:
Investments tied economically to emerging markets, especially frontier markets, can involve additional
and greater risks than the risks associated with investments in developed markets. Emerging markets
can have less developed markets, greater custody and operational
risk, less developed legal, regulatory, and accounting systems, greater government involvement in the
economy, greater risk of new or inconsistent government treatment of or restrictions on issuers and instruments,
and greater political, social, geopolitical, and economic instability than developed markets.
|
| Currency Risk |
Currency
Risk: The value of foreign currencies relative to the U.S. dollar fluctuates in response
to market, economic, industry, political, regulatory, geopolitical, environmental, public health, and
other conditions, and changes in currency exchange rates impact the financial condition of companies
or other issuers and may change the value in U.S. dollars of investments denominated in foreign currencies.
The use of foreign exchange contracts to reduce foreign currency
exposure will not completely eliminate the exposure to foreign currency movements. In addition, the
use of foreign exchange contracts to reduce foreign currency exposure can eliminate some or all of the
benefit of an increase in the value of a foreign currency versus the U.S. dollar.
|
| Prepayment/Extension Risk |
Prepayment/Extension
Risk: Instruments subject to prepayment and/or extension can reduce
the potential for gain for the instrument’s holders if the instrument is prepaid and increase the potential
for loss if the maturity of the instrument is extended.
|
| Focus Risk |
Focus Risk:
Issuers in a single industry, sector, country, or region can react similarly to
market, currency, political, economic, regulatory, geopolitical, environmental, public health, and other
conditions, and the fund's performance will be affected by the conditions in the industries, sectors,
countries, and regions to which the fund is exposed. Furthermore, investments in particular industries,
sectors, countries, or regions may be more volatile than the broader market as a whole.
|
| Industry Concentration Risk |
Industry
Concentration Risk: The fund’s performance
may be closely tied to the performance of issuers in any industry that accounts for a significant portion
of the global bond market.
|
| Derivatives Risk |
Derivatives Risk:
Derivatives can be highly volatile and involve risks in addition to the risks
of the underlying indicator(s) on which the derivative is based. Gains or losses from derivatives can
be substantially greater than the derivatives’ original cost. Derivatives can involve leverage.
|
| Leveraging Risk |
Leveraging
Risk: Leverage involves investment exposure in an amount exceeding
the initial investment. Leverage can cause increased volatility by magnifying gains or losses.
|
| Counterparty and Third Party Risk |
Counterparty
and Third Party Risk: Transactions involving a
counterparty or third party other than the issuer of the instrument are subject to the credit risk of
the counterparty or third party, and to the counterparty’s or third party’s ability or willingness
to perform in accordance with the terms of the transaction.
|
| Liquidity Risk |
Liquidity
Risk: It may be difficult to value, and it may not be possible to
sell, certain investments, types of investments, and/or investments in certain segments of the market,
and the fund may have to sell certain of these investments at prices or times that are not advantageous
in order to meet redemptions or other cash needs.
|
| Large Shareholder Risk |
Large Shareholder
Risk: From time to time, shareholders of the fund (which may include institutional investors,
financial intermediaries, or other MFS funds) may make relatively large redemptions or purchases of fund
shares. These transactions may cause the fund to sell securities or invest additional cash, as the case
may be, at disadvantageous prices. Redemptions of a large number of shares also may increase transaction
and other costs or have adverse tax consequences for shareholders of the fund by requiring a sale of
portfolio securities. Purchases of a large number of shares may adversely affect the fund's performance
to the extent that it takes time to invest new cash and the fund maintains a larger cash position than
it ordinarily would.
|
|