Elimination of these reductions will result in higher expenses and lower performance. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. MFS (Massachusetts Financial Services Company, the funds investment adviser) normally invests the funds assets primarily in municipal instruments. He began his career in the financial services industry in 1995. Index portfolios will tend to have values very close to 100. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. Login PRODUCTS & STRATEGIES Copyright 2023 MarketWatch, Inc. All rights reserved. View Overall Morningstar Ratings Information. If none of the 4 rating agencies listed above rate the security, but the security is rated by the Kroll Bond Rating Agency (KBRA), then the KBRA rating is assigned. Shares of the funds involve investment risk, including possible loss of principal. Change ($) (since
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
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. Historical NAV may not be available for all dates. The Fund invests, under normal market conditions, at least 80 . The elimination of the charge begins six years after the end of the month in which shares were initially purchased. Earned the Fruits of Your Labor (Level 58) badge! Effective after the close of business on September 29, 2023, Class R1 and R2 shares of applicable MFS funds will be closed to purchases from new eligible investors. Effective after the close of business on September 29, 2023, Class R1 and R2 shares of applicable MFS funds will be closed to purchases from new eligible investors. Essentially the yield-to-worst is a bond's yield-to-maturity under the least desirable bond repayment pattern under the assumption that bond market yields are unchanged. 2023 MFS Investment Management. It uses a standard deviation and excess return. MMHBX: Municipal High Income Fund | MFS If you are working in a public space, such as a library, you would not want to select this option. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. Historical NAV may not be available for all dates. Closed-end foreign tax letter . Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). US Inflation Persists, Growth Revised Down, As of
Information on U.S. Government obligations, tax-exempt income by state, foreign income, AMT, and more. Information ratio is a measure of consistency in excess return. Visit a quote page and your recently viewed tickers will be displayed here. The interval between the announcement and the payment of the next dividend. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. 03/31/23. Ratings are shown in the S&P and Fitch scale (e.g., AAA). Therefore, the portfolio's value may decline during rising rates. Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value. For the best MarketWatch.com experience, please update to a modern browser. Create a list of the investments you want to track. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. Site navigation Fidelity.com Home Customer Service Profile The following filings are periodically made with the SEC via EDGAR, an online submission and database website, by insiders of MFS' closed-end funds (i.e. You also might decide against this option if you visit the MFS site from work and others have access to your computer. The data depicted here showing a breakdown of fund characteristics as a percentage of assets are calculated based on the total gross assets of the fund. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022.
This site is intended for use by U.S. residents. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. 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. Class B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. Non-accruing securities are treated as having a coupon equal to zero. For the best MarketWatch.com experience, please update to a modern browser. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. 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. . The Record Date is the date on which a fund declares a distribution. MMHYX - MFS Municipal High Income A Fund Stock Price | Morningstar He joined MFS in 2002 as a municipal fixed income research analyst. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Dividends are generally subject to state and local taxes. The Fund invests, under normal market conditions, at least 80 .
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Form 3 - An initial statement of beneficial ownership of securities (to be filed upon becoming an insider); Form 4 - A statement of changes of beneficial ownership of securities (to be filed upon certain transactions of funds shares); and. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. If you are working in a public space, such as a library, you would not want to select this option. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. 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. This site is intended for use by U.S. residents. The Centre is part of a particularly dynamic ecosystem, within the second French . Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Shares of the funds involve investment risk, including possible loss of principal. As of
2023 Massachusetts Financial Services Company. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. All ratings are subject to change. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The market value of the holding may differ. Tax Center | DWS See MMHBX pricing, performance snapshot, ratings, historical returns, risk considerations, and more. The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. To the extent that investments are purchased with the issuance of preferred shares, the fund's net asset value will increase or decrease at a greater rate than a comparable unleveraged fund. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Fact Sheets are available approximately 15 days after month end. Without such subsidies and waivers the fund's performance results would be less favorable. Non-accruing securities are treated as having a coupon equal to zero. 05/01/23. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of
M). SCHLOUK is drinking a Beli'Ale by Brasserie Haarddrch. He also participates in the research process and strategy discussions. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period. Fact Sheets are available approximately 15 days after month end. US Inflation Persists, Growth Revised Down, As of
04/28/23
Monthly,
Elimination of these reductions will result in higher expenses and lower performance. Privacy Policy. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. The core principles of our approach are integrated research, global collaboration and active risk management. 04/27/23
Copyright 2023 MarketWatch, Inc. All rights reserved. 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. Ratings are shown in the S&P and Fitch scale (e.g., AAA). Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. R squared is not a measure of performance. 04/27/23
Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. Capital gains distributions, if any, are taxable. 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 $5.54 B Holdings in Top 10 4.1% 8.53% of total net assets | Total Number of Holdings: 1939
For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. This website is a general communication and is provided for informational and/or educational purposes only. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. MIMIX: MFS Municipal Income Fund - MutualFunds.com Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. MFS has been investing in municipal bonds since 1984. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Seeks high current income exempt from federal income tax, but may also consider capital appreciation. Index portfolios will tend to have values very close to 100. (*YTD Updated
Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Change ($) (since
There are currently no items in this Watchlist. ): Change (%) (since
He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. 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. Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Intraday Data provided by FACTSET and subject to terms of use. PR Sales Tax Financing Corp Sales Tax Revenue PR Restructured-Ser A-1 5.000 JUL 01 58, Buckeye Tobacco Settlement Financing Auth OH Ref-Senior-Class 2-Ser B-2 5.000 JUN 01 55, Housing Development Corp NY 8 Spruce Street-Class F 4.500 FEB 15 48, NJ Transportation Trust Fund Authority NJ Cap Apprec-Transn Sys-Ser A 0.000 DEC 15 37, California Community Choice Financing Authority CA Variable-Green Bonds-Ser C 5.250 JAN 01 54, Golden State Tobacco Securitization Corp CA Txbl-Ref-Subordinate Bonds-Ser 3.850 JUN 01 50, City of Chicago IL Ref-Ser A 5.000 JAN 01 33, New York Liberty Development Corp NY Ref-Class 1-3 World Trade Ctr 5.000 NOV 15 44, Chicago Board of Education IL 6.000 APR 01 46, Public Finance Authority WI American Dream @ Meadowlands P 6.250 AUG 01 27, Statement of Additional Information (SAI), 20 Years of the Best and Worst: A Case for Diversification, 20 Years Best and Worst: A Tale of Two Decades, Research and Risk Management Setting MFS Municipal Bond Funds Apart, Fixed Income Investing in a Changing Market Environment: Brochure, MFS National Municipal Fixed Income Capabilities, MFS National Municipal Fixed Income Capabilities (four funds), Important Announcement: MFS Family of Funds - Class R1 and R2 share availability, Important Announcement: Modification of Expense Limitation Agreements and or Changes to Management Fees, Important Announcement: Purchase Thresholds and Sales Charge Update, Important Announcement: Expansion of MFS Fixed Income Leadership Team. Coupons are netted for securities with a payable and receivable leg. . The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. 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. Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. -0.75%. The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. The Payable Date is the date on which the distribution is paid to shareholders. Anais Favre is drinking a Betray'Ale by Brasserie Haarddrch. 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. The portfolio itself has not been rated by any rating agency. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 5%, BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 5%, NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY MTG REV 4.5% 4.5%, TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5%, TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25%, PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33%, 25 Tips Every Mutual Fund Investor Should Know, 7 Questions to Ask When Buying a Mutual Fund. U.S. Government includes securities issued by the U.S. Department of the Treasury. The Payable Date is the date on which the distribution is paid to shareholders. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Highlights the importance of diversification and striking the proper balance between stocks and bonds. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. MFS may invest a significant percentage of the funds assets in issuers in a single state, territory, or possession, or a small number of states, territories, or possessions. 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. As of
Intraday data delayed at least 15 minutes or per exchange requirements. For more complete information about each closed-end fund, including risks, charges, and expenses, please see the fund's annual and semiannual shareholder report or contact your financial adviser. Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). Coupons are netted for securities with a payable and receivable leg. As of 04/30/23 , subject to revision and not annualized.). Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. 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. -6.84%. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps. Tracking error is the standard deviation of a portfolio's excess returns. 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. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets
Get Started Here. ): Change $ (since
Before that, he was a research analyst in the municipal bond group at Franklin Templeton. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. A calendar of forms and statements provided to shareholders by MFS. Long-term Capital Gain Other Not Rated includes other fixed income securities not rated by any rating agency. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. Receive email updates about best performers, news, CE accredited webcasts and more. The portfolio is actively managed, and current holdings may be different. Past performance is no guarantee of future results. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. At the time of sale, shares may have a market price that is above or below net asset value, and may be worth more or less than the original cost; current performance may be lower or higher than quoted. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. PDF 2022 INCOME EARNED BY STATE INFORMATION - columbiathreadneedleus.com 03/31/23. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. 03/31/23, 14.38% of total net assets |
Historical and current end-of-day data provided by FACTSET. Full and Historical Holdings. The larger the portfolio's standard deviation, the greater the portfolio's volatility. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. 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 portfolio itself has not been rated by any rating agency. Employed in the investment area of MFS since 2015. Full and Historical Holdings. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! MFS may invest up to 100% of the funds assets in below investment grade quality debt instruments. Have Watchlists? Change ($) (since
In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). View Overall Morningstar Ratings Information. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. You also might decide against this option if you visit the MFS site from work and others have access to your computer. , Retirement Strategy, Insight, Education and more , Fixed Income Strategy, Insight, Education and more . 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. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. View Overall Morningstar Ratings Information. If you are working in a public space, such as a library, you would not want to select this option. Other Not Rated includes other fixed income securities not rated by any rating agency. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. She began her career in municipal finance at the New York City budget office. In structuring the fund, MFS also considers top-down factors. 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. He began his career in the financial services industry in 1995. Morningstar ratings are based on risk adjusted performance. 1.62%. 04/28/23
Essentially the yield-to-worst is a bond's yield-to-maturity under the least desirable bond repayment pattern under the assumption that bond market yields are unchanged. Net Assets
Historical and current end-of-day data provided by FACTSET. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. If you do NOT click this box, you will have to enter your user name and password each time you wish to view your mfs.com homepage. Closed-End Fund . Full and Historical Holdings. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. The SEC yield is higher than the distribution yield in part due to unusual market conditions. 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. 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.
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