MFS Charter Income Trust

MFS Charter Income Trust is a closed-end bond fund focused on generating high current income, with secondary consideration given to capital appreciation. Managed by Massachusetts Financial Services Company, the trust employs a multi-sector approach, investing primarily in a diverse range of debt instruments. Its portfolio includes U.S. and foreign corporate bonds, government securities, mortgage-backed and asset-backed securities, as well as debt from issuers in emerging markets. The fund utilizes both fundamental and quantitative analysis in its investment process to identify opportunities across various segments of the global fixed income market. MFS Charter Income Trust operates under a managed distribution plan, targeting a specified payout rate that may include net investment income, realized gains, or a return of capital. This structure helps maintain a steady distribution, though it may occasionally require the fund to distribute more than its earnings. Established in 1989, the trust plays a significant role for investors seeking diversified fixed income exposure and consistent income distributions within the closed-end fund landscape.