MFS Series Trust III's MFS High Yield Pooled Portfolio to launch

By Toni Weeks

San Diego, Sept. 10 - MFS Series Trust III's MFS High Yield Pooled Portfolio will launch Wednesday, according to an N-1A filing with the Securities and Exchange Commission.

The fund will seek total return with an emphasis on high current income. Capital appreciation will be considered as well.

Massachusetts Financial Services Co., the investment adviser, will normally invest at least 80% of the fund's net assets in high-yield debt instruments, including corporate bonds, foreign government securities and asset-backed securities.

David P. Cole and William J. Adams will be the portfolio managers.

There are no shareholder fees. The management fee is zero, and annual fund operating expenses will be 0.04%.

The fund will trade under the ticker symbol "HYPPX."

MFS is based in Boston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.