MFS Charter Income Trust chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.44
Dividend & Yield0.56$ (8.53%)
Beta 0.61
Market capitalization 290.9M
Operating cash flow 31.17M
ESG Scores unknown

Company description

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S. or foreign issuers, or debt instruments of issuers located in emerging market countries. The fund employs a combination of fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. It seeks to benchmarks the performance of its portfolio against a combination of the Barclays U.S. High-Yield Corporate Bond 2% Issuer Capped Index, MFS Charter Income Trust Blended Index, Barclays U.S. Credit Bond Index, Barclays U.S. Government/Mortgage Bond Index, Citigroup World Government Bond Non-Dollar Hedged Index, and JPMorgan Emerging Markets Bond Index Global. MFS Charter Income Trust was formed on July 20, 1989 and is domiciled in the United States.

Sector: Financial Services - Industry: Asset Management

Financial data

Financial Statements

Cashflow Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Change To Liabilities
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities -46.82M -36.69M -29.6M -29.53M
Change To Operating Activities -75.62k -71.14k 541.2k -214.62k
Issuance Of Stock
Net Income 53.44M 27.95M 3.84M -38.86M
Change In Cash 1.29M 257.07k -2.27M 1.63M
Effect Of Exchange Rate
Total Cash From Operating Activities 48.11M 36.95M 27.33M 31.17M
Depreciation
Change To Account Receivables 50.96k 160.09k -35.6k 34.96k
Other Cashflows From Financing Activities 44.08k -44.08k
Change To Netincome -5.31M 8.91M 22.98M 70.2M
Capital Expenditures

Income Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Research Development
Income Before Tax 53.44M 27.95M 3.84M -38.86M
Net Income 53.44M 27.95M 3.84M -38.86M
Selling General Administrative 2.8M 2.79M 2.72M 2.39M
Gross Profit 22.12M 20.24M 19.1M 19.29M
Ebit 19.32M 17.46M 16.38M 16.9M
Operating Income 19.32M 17.46M 16.38M 16.9M
Interest Expense -2.83M -1.14M -771.97k -2.04M
Income Tax Expense
Total Revenue 22.12M 20.24M 19.1M 19.29M
Cost Of Revenue
Total Other Income ExpenseNet 34.12M 10.49M -12.54M -55.75M
Net Income From Continuing Ops 53.44M 27.95M 3.84M -38.86M
Net Income Applicable To Common Shares 53.44M 27.95M 3.84M -38.86M

Balance Sheet Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Total Liabilities 107.02M 115.93M 106.41M 113.29M
Total Stockholder Equity 403.25M 394.54M 368.97M 300.58M
Other Current Liabilities 1.86M 11.17M 4.62M 11.01M
Total Assets 510.26M 510.47M 475.38M 413.87M
Common Stock 411.45M 392.62M 381.77M 371.09M
Other Current Assets 2.17M 2.55M 3.1M 5.13M
Retained Earnings -8.2M 1.92M -12.8M -70.51M
Treasury Stock
Cash 634.63k 780.7k 44.46k 689.45k
Total Current Liabilities 106.86M 115.82M 106.32M 113.15M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 9.19M 13.82M 9.42M 13.83M
Net Tangible Assets 403.25M 394.54M 368.97M 300.58M
Net Receivables 6.39M 10.48M 6.28M 8.01M
Accounts Payable 4.62M 4.37M 1.45M 1.85M


Insider Transactions

Here are the insider transactions of stock shares related to MFS Charter Income Trust:

Filer Name Transaction Text Ownership Date Filer Relation Shares
ROEPKE MARYANNE LPurchase at price 9.16 per share.D2014-07-23Director1.31k
SHERRATT J DALEPurchase at price 9.22 per share.D2011-02-04Director7k
FORD GOLDFARB MAUREEN RPurchase at price 9.28 - 9.29 per share.D2010-07-19Director1.19k
KAVANAUGH JOHN PATRICKPurchase at price 7.80 per share.D2009-06-15Director87
BUTLER ROBERT ELLSWORTHPurchase at price 8.33 per share.D2006-05-31Director1.17k
UEK ROBERT WPurchase at price 8.65 per share.D2006-02-09Director1.3k
HEGARTY MICHAEL J.Purchase at price 8.79 per share.D2005-07-05Director1.13k
THOMSEN LAURIE JPurchase at price 8.53 per share.D2005-03-23Director1.2k
SMITH WARDPurchase at price 8.36 per share.D2004-06-16Director500
POORVU WILLIAM JPurchase at price 8.35 per share.D2004-06-14Director500
LANE AMY BETHPurchase at price 8.50 per share.D2004-06-08Director300
PERERA LAWRENCE TPurchase at price 8.57 per share.D2004-06-08Director300
GUNNING DAVID HALLPurchase at price 8.46 per share.D2004-06-07Director1k
SMITH ELAINE RPurchase at price 8.49 per share.D2004-06-07Director300
GUTOW WILLIAM RPurchase at price 8.48 per share.D2004-06-07Director200
IVES J ATWOODPurchase at price 8.24 per share.D2004-05-10Director1k
NANBERG LESLIE JSale at price 9.44 per share.D1999-03-31Officer1.34k
ROBB WALTER EAGLESON IVPurchase at price 10.19 per share.D1998-08-11Director300
COHAN MARSHALL NPurchase at price 9.63 per share.D1997-08-15Trustee25
SCOTT ARNOLD DPurchase at price 9.38 per share.1995-08-14Officer and Director250
SMITH LARRY MPurchase at price 0.25 per share.1986-12-10Vice President20k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MFS Charter Income Trust. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MFS Charter Income Trust

Here is the result of two systematic investment strategies applied to MFS Charter Income Trust. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MFS Charter Income Trust

The following chart shows the equity curve of the two systematic investment strategies applied to MFS Charter Income Trust:

MFS Charter Income Trust automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 2.75% on the backtest period.

Performance at glance

Performance

2.75 %

Latent gain

61.97 $

Invested capital

2252.75 $

Annualized return

0.66 %
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Momentum strategy results on MFS Charter Income Trust

This is the result of two momentum investment strategies applied to MFS Charter Income Trust. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MFS Charter Income Trust

The following chart shows all the entries opened by the momentum investment system on MFS Charter Income Trust:

MFS Charter Income Trust momentum entries
  • The first momentum investment strategy would give 5.39% of return on MFS Charter Income Trust. That represents 310.06$ of latent gain with 5757.57$ of employed capital.
  • The second momentum investment strategy would give 3.73% of return on MFS Charter Income Trust. That represents 140.54$ of latent gain with 3765.55$ of employed capital.
Performance at glance (1Q Momentum)

Performance

5.39 %

Latent gain

310.06 $

Invested capital

5757.57 $

Annualized return

2.07 %
Performance at glance (2Q Momentum)

Performance

3.73 %

Latent gain

140.54 $

Invested capital

3765.55 $

Annualized return

1.02 %

Momentum equity curve on MFS Charter Income Trust

The following chart shows the equity curve of the two momentum strategies applied to MFS Charter Income Trust:

MFS Charter Income Trust momentum equity

Note: the dividends potentially given by MFS Charter Income Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MFS Charter Income Trust

The following chart shows the employed capital evolution of the two momentum strategies on MFS Charter Income Trust since the beginning:

MFS Charter Income Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on MFS Charter Income Trust

Buy the dip entry openings on MFS Charter Income Trust

MFS Charter Income Trust

The performance achieved by the robo-advisor on MFS Charter Income Trust is 4.42%. That represents 11.16$ of latent gain with 252.65$ of employed capital. The following chart shows MFS Charter Income Trust stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MFS Charter Income Trust, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

4.42 %

Latent gain

11.16 $

Invested capital

252.65 $

Annualized return

2.07 %

Equity curve of the strategy applied to MFS Charter Income Trust

The following chart shows the result of the investment strategy applied to MFS Charter Income Trust:

MFS Charter Income Trust

Note: the dividends potentially given by MFS Charter Income Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MFS Charter Income Trust

The following chart shows the employed capital evolution since the beginning of the investment strategy on MFS Charter Income Trust:

MFS Charter Income Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MFS Charter Income Trust

In this section, I will compare the three previous investment strategies applied to MFS Charter Income Trust.

Equity curve comparison on MFS Charter Income Trust

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MFS Charter Income Trust investment strategy comparison

Employed capital comparison on MFS Charter Income Trust

MFS Charter Income Trust investment comparison

Performance comparison on MFS Charter Income Trust

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 2.75% 61.97$ 2252.75$ 0.66%
Momentum 1 quarter 5.39% 310.06$ 5757.57$ 1.38%
Momentum 2 quarters 3.73% 140.54$ 3765.55$ 1.02%
Non-directional 4.42% 11.16$ 252.65$ 2.07%
Annualized return comparison

Automatic investment

0.66 %

Momentum 1Q

1.02 %

Momentum 2Q

1.02 %

Non-directional

2.07 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MFS Charter Income Trust:

Positive correlations

Most correlated stocks this year

  • MFS Charter Income Trust

  • Most correlated stocks last 3 months

  • Bridgewater Bancshares Inc
  • Agilysys Inc
  • National Vision Holdings Inc
  • Heartland Financial USA Inc
  • First Internet Bancorp
  • BJ`s Restaurant Inc
  • Texas Roadhouse Inc
  • WideOpenWest Inc
  • CHS Inc
  • McGrath Rentcorp
  • Mechel PJSC
  • CMS Energy Corporation
  • CrossAmerica Partners LP
  • TPG RE Finance Trust Inc
  • Stifel Financial Corp
  • Prosperity Bancshares Inc
  • Texas Capital Bancshares Inc
  • Enova International Inc
  • Globe Life Inc
  • RE/MAX Holdings Inc - Class A
  • KB Home
  • Caci International Inc
  • PJT Partners Inc - Class A
  • Performance Food Group Company
  • Allstate Corp (The)
  • iShares Trust iShares Preferred and Income Securit
  • American Express Company
  • Cowen Inc
  • TopBuild Corp
  • Tennessee Valley Authority
  • BMO LOW VOLATILITY US EQUITY ETF CAD
  • Mercury General Corp
  • PTC Inc
  • KKR Real Estate Finance Trust Inc
  • Two Harbors Investment Corp
  • Great Ajax Corp
  • ALTUS GROUP LIMITED
  • Four Corners Property Trust Inc
  • MFS Charter Income Trust
  • Algonquin Power & Utilities Corp
  • Thomson-Reuters Corp
  • Monarch Casino & Resort Inc
  • First Trust Utilities AlphaDEX Fund
  • FIRM CAPITAL MORTGAGE INV. CORP.
  • Spirit Realty Capital Inc
  • Bank of James Financial Group Inc
  • Controladora Vuela Cia De Aviacion
  • SS&C Technologies Holdings Inc
  • ALGONQUIN POWER AND UTILITIES CORP.
  • Chesapeake Utilities Corp
  • BlackRock Utility Infrastructure & Power Opportuni
  • WSP GLOBAL INC
  • TC Energy Corporation
  • HYDRO ONE LIMITED
  • Deckers Outdoor Corp
  • AGNC Investment Corp Depositary Shares Each Repres
  • Plymouth Industrial Reit Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between MFS Charter Income Trust and the other stocks. There may be false positives or some missing correlated stocks. If the price of MFS Charter Income Trust does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name MFS Charter Income Trust
    Country United States
    City Boston
    Address 111 Huntington Avenue
    Phone 617 954 5000
    Website www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/MCR-mfs-charter-income-trust.html#tab-overview
    FullTime employees
    Industry Asset Management
    Sector Financial Services
    Exchange XNYS
    Ticker MCR
    Market www.nyse.com

    MFS Charter Income Trust ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown