MFS Charter Income Trust (MCR)
Competitors to MFS Charter Income Trust (MCR)
BlackRock Income Trust BKT -0.17%
BlackRock Income Trust, like MFS Charter Income Trust, primarily invests in income-generating securities, including bonds and other fixed-income assets. BlackRock, being one of the largest asset management firms globally, has access to vast resources and advanced analytics, allowing it to execute well-informed investment decisions. This resource advantage gives BlackRock a competitive edge over MFS in terms of market access and investment management capabilities.
BlackRock Municipal Bond Trust BBN +0.06%
Similar to MFS Charter Income Trust, BlackRock Municipal Bond Trust invests in tax-exempt municipal bonds. BlackRock's size allows it to offer competitive pricing and lower fees due to economies of scale. MFS, with its in-depth research capabilities, offers superior portfolio management. However, BlackRock's well-recognized brand and distribution channels give it a competitive advantage in attracting municipal bond investors.
Nuveen Corporate Income 2023 Target Term Fund
Nuveen Corporate Income 2023 Target Term Fund and MFS Charter Income Trust compete in the closed-end fund market, targeting investors looking for fixed income solutions. Both funds focus on investing in a diversified portfolio of investment-grade corporate bonds. MFS has a long-standing reputation for active management, whereas Nuveen utilizes a more passive approach, giving MFS a competitive edge in terms of actively navigating market fluctuations.
Tortoise Essential Assets Income Term Fund TEAF -0.18%
Tortoise Essential Assets Income Term Fund competes with MFS Charter Income Trust by focusing on essential infrastructure investments that yield consistent income. Tortoise capitalizes on renewable energy and other essential services, which could attract investors interested in sustainability. However, MFS outperforms in brand reputation and a longer performance history, thereby maintaining a competitive edge in attracting traditional fixed-income investors.
Western Asset High Yield Defined Opportunity Fund
Western Asset High Yield Defined Opportunity Fund and MFS Charter Income Trust both focus on generating income through corporate bonds, particularly in the high-yield segment. However, Western Asset tends to focus more on high-yield investments, whereas MFS provides a mix of investment-grade and high-yield bonds. This diversification strategy provides MFS a slight advantage, as it can appeal to a broader range of investors seeking both safety and potential for higher returns.