Congratulations on personalizing your experience. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. To receive the distribution, an investor must be a shareholder of record on that date. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. The interval between the announcement and the payment of the next dividend. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management (MFS) and a portfolio manager of the firm's government securities and municipal bond portfolios.Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%, Biden invites congressional leaders to discuss debt limit at White House on May 9, DeSantis-appointed board sues Disney in latest tug-of-war in Florida, IBM expects to pause hiring for thousands of jobs that can be done by AI: report, Vice may file for bankruptcy in the coming weeks: report, The number of gig workers murdered on the job hits highest level since 2017, report says, Lawmakers call on SEC to assess Sheins supply chain before allowing IPO, NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). As of 04/30/23 , subject to revision and not annualized.). Daily, Portfolio characteristic data are based on unaudited net assets. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Historical and current end-of-day data provided by FACTSET. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Register MFS Access For Shareholders Only Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Information ratio is a measure of consistency in excess return. Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available onlinehere or by contacting MFS. Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%, Biden invites congressional leaders to discuss debt limit at White House on May 9, DeSantis-appointed board sues Disney in latest tug-of-war in Florida, IBM expects to pause hiring for thousands of jobs that can be done by AI: report, Vice may file for bankruptcy in the coming weeks: report, The number of gig workers murdered on the job hits highest level since 2017, report says, Lawmakers call on SEC to assess Sheins supply chain before allowing IPO, NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view. MFS Municipal Income I Inst (MIMIX) Fund MIMIX Price as of: MAR 31, 05:00 PM EDT $8.11 + $0.01 + 0.12% Primary Theme Municipal Bond fund company MFS Snapshot Profile Performance Holdings Expenses Distributions Managers Vitals YTD Return 2.0% 1 yr return -5.0% 3 Yr Avg Return -1.2% 5 Yr Avg Return -1.2% Net Assets $5.54 B Holdings in Top 10 4.1% Total Number of Holdings: *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. Without such subsidies and waivers the fund's performance results would be less favorable. Copyright 2023 MarketWatch, Inc. All rights reserved. Actual after-tax returns depend on your tax situation and are not relevant if you hold shares through tax-deferred arrangements such as IRAs or 401 (k) plans. Without such subsidies and waivers the fund's performance results would be less favorable. The fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. Flyer showing MFS' annual rankings from Barron's since 2008. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. As of Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Closed-End Fund . It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market. She began her career in municipal finance at the New York City budget office. The larger the portfolio's standard deviation, the greater the portfolio's volatility. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. Information on U.S. Government obligations, tax-exempt income by state, foreign income, AMT, and more. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. US Inflation Persists, Growth Revised Down, As of Find an overview of how mutual funds are taxed, details about the tax forms you receive from MFS, and instructions for using this information to complete your tax return. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Long-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. MFS has been investing in municipal bonds since 1984. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. The amount of distributions may vary depending on a number of factors. For all securities other than those specifically described below, ratings are assigned to underlying securities utilizing ratings from Moody's, Fitch, and Standard & Poor's rating agencies and applying the following hierarchy: If all three agencies provide a rating, the middle rating (after dropping the highest and lowest ratings) is assigned; if two of the three agencies rate a security, the lower of the two is assigned. Therefore, the portfolio's value may decline during rising rates. Morningstar ratings are based on risk adjusted performance. MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Please note: The Section 16 Filing links for each MFS Closed-End Fund listed above connect you to the EDGAR database for the specific fund; you will leave www.mfs.com. As of Visit a quote page and your recently viewed tickers will be displayed here. Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. All quotes are in local exchange time. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps. 1939, Enter date for which you wish to obtain a Historical NAV for this fund, Enter date for which you wish to obtain a Historical MP for this fund, Holding Based Portfolio - Fixed Income Level Data, Updated Monthly As of 8.53% of total net assets | Total Number of Holdings: 1939 Derivatives: Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk. Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Concentrated:The portfolio's performance could be closely tied to the economic, political, and other conditions in the state and other states and U.S. territories and possessions in which the portfolio invests and could be more volatile than the performance of more geographically diversified portfolios. Daily NAV is the Net Asset Value per share determined using the amortized cost of portfolio securities rounded to two decimal places and is the price at which fund shares are transacted. Please see the prospectus for further information on these and other risk considerations. Anais Favre is drinking a Betray'Ale by Brasserie Haarddrch. ): Change (%) (since These reductions will continue until at least05/31/24. If you are not a U.S. resident, please visit Other MFS Sites. You also might decide against this option if you visit the MFS site from work and others have access to your computer. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. Fact Sheets are available approximately 15 days after month end. A variety of materials to help you prepare and file your taxes, including frequently asked questions, glossary of tax terms, tax preparation check list, phone numbers and contact information, instructions for ordering duplicate tax forms, and links to helpful Web sites. ($ Full Holdings available approximately 25 days after month end. Visit a quote page and your recently viewed tickers will be displayed here. The fund may at . MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. Other Not Rated includes other fixed income securities not rated by any rating agency. Shares of the funds involve investment risk, including possible loss of principal. Interest from the funds investments may be subject to the federal alternative minimum tax. Michael earned a Bachelor of Science degree in political science from Santa Clara University and a Master of Business Administration degree in finance from Babson College. Privacy Policy. Fact Sheets are available approximately 15 days after month end. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). The core principles of our approach are integrated research, global collaboration and active risk management. The Fund invests, under normal market conditions, at least 80 . Ratings are shown in the S&P and Fitch scale (e.g., AAA). The fund may not achieve its objective and/or you could lose money on your investment in the fund. There are currently no items in this Watchlist. Shareholders may request a printed version of an MFS Closed-End Fund's Annual or Semiannual report by calling (800) 637-2304 any business day between the hours of 9:00 am and 5:00 pm. The interval between the announcement and the payment of the next dividend. Intraday data delayed at least 15 minutes or per exchange requirements. 04/28/23 Historical MP may not be available for all dates. Fact Sheets are available approximately 15 days after month end. He also participates in the research process and strategy discussions. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. Net Assets Performance data shown represents past performance and is no guarantee of future results. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. If you check this box, anyone using the computer you are working from now will be able to enter your mfs.com homepage without having to know or enter your user name and password. For all securities other than those described below, ratings are assigned utilizing ratings from Moodys, Fitch, and Standard & Poors and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. Privacy Notice | If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. 2023 MFS Investment Management. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). This piece shows annual returns for broad-based asset classes ranked from best to worst, and includes the growth of $100,000 for each asset class over two separate decades. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Beta is a measure of the volatility of a portfolio relative to the overall market. It uses a standard deviation and excess return. High Yield: Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. Subscriber Agreement & Terms of Use | Concentrated:The portfolio's performance could be closely tied to the economic, political, and other conditions in the state and other states and U.S. territories and possessions in which the portfolio invests and could be more volatile than the performance of more geographically diversified portfolios. The yield-to-worst is computed by using the lower of either yield-to-maturity or the yield-to-call on every possible call date. The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. 04/27/23 Elimination of these reductions will result in higher expenses and lower performance. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market. Log in to see them here or sign up to get started. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. ($ The Payable Date is the date on which the distribution is paid to shareholders. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. 05/01/23. The MFS Tax Center page provides an overview of how mutual funds are taxed, details about MFS tax forms you receive, & tax return information. Municipal Bond: Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions. Elimination of these reductions will result in higher expenses and lower performance. 2022 Tax Guide A resource to help you prepare your state and federal tax returns including information on how mutual fund distributions are taxed and a list of all the tax forms DWS provides. As of The fund has benefitted from the experience, continuity and stability of the investment team and accessing our integrated global investment platform, Portfolio management-driven approach to risk budgeting; quantitative tools help analyze market risk; and, an experienced analyst team focuses on idiosyncratic risk, Risk-aware approach with a focus on consistent long-term outperformance. Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group.