Market Price: The market price of common shares of the fund will be based on factors such as the supply and demand for common shares in the market and general market, economic, political or regulatory conditions. . MFS may invest up to 100% of the funds assets in below investment grade quality debt instruments. If you are working in a public space, such as a library, you would not want to select this option. Non-accruing securities are treated as having a coupon equal to zero. The core principles of our approach are integrated research, global collaboration and active risk management. 03/31/23. Your use of this website indicates that you agree with the intended purpose. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moodys, and Fitch respectively. 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 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. She is a member of the National Federation of Municipal Analysts and its Boston chapter. Historical MP may not be available for all dates. 03/31/23. 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. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moodys, and Fitch respectively. 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. MFS has been investing in municipal bonds since 1984. Full and Historical Holdings. Class I shares are available without a sales charge to eligible investors. 03/31/23, 8.53% of total net assets | It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. 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. 3.01%. 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. ): Maximum data displayed is for the most recent 10 years. The MFS MMHBX Municipal High Income Fund summary. MFS High Income Municipal Trust (NYSE: CXE) $0.0130 $0.0000 $0.0130 MFS High Yield Municipal Trust (NYSE: CMU) $0.0110 $0.0000 $0.0110 MFS Intermediate High Income Fund (NYSE: CIF)^ . 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. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation. If you are working in a public space, such as a library, you would not want to select this option. Without such subsidies and waivers the fund's performance results would be less favorable. 1.62%. 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. Full Holdings available approximately 25 days after month end. 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. 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. Tracking error is the standard deviation of a portfolio's excess returns. 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. Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. Please consult your tax advisor for further information. The team employs a proprietary investment process to build better insights for our clients. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Leverage can cause increased volatility by magnifying gains or losses. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. 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. Please see the prospectus for further information on these and other risk considerations. For the best MarketWatch.com experience, please update to a modern browser. You also might decide against this option if you visit the MFS site from work and others have access to your computer. These results represent the percent change in net asset value. The Payable Date is the date on which the distribution is paid to shareholders. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund's assets primarily in municipal instruments. Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Whether shareholders will realize gains or losses upon the sale of common shares of the fund will depend on the market price of common shares at the time of the sale, not on the fund's net asset value. The core principles of our approach are integrated research, global collaboration and active risk management. Before that, he served as vice president in the municipal group for Thomson Financial Services; and senior account manager for The Industrial Indemnity Financial Corporation. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. 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. Intraday Data provided by FACTSET and subject to terms of use. As of 04/30/23 , subject to revision and not annualized.). He joined MFS in 2002 as a municipal fixed income research analyst. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. MFS Municipal High Income Fund Class I. As of 03/31/23 , subject to revision and not annualized.). Report of Organizational Actions Affecting Basis of Securities. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). M). Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. -0.75%. 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. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Which type of investor describes you best? Capital gains distributions, if any, are taxable. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. 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. The MFS closed-end funds are subject to the provisions of Section 16 of the Securities Exchange Act of 1934 by virtue of Section 30(h) of the Investment Company Act of 1940. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Global Recent Activity. Shares of the funds involve investment risk, including possible loss of principal. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance. 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. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Morningstar ratings are based on risk adjusted performance. 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. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Despite its mountain location, Grenoble is a low-lying city. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. R squared is not a measure of performance. ): Change (%) (since The fund may not achieve its objective and/or you could lose money on your investment in the fund. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. 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. Prior to joining the firm, he worked in institutional sales -- fixed income for Fidelity Capital Markets and Goldman Sachs. Full and Historical Holdings. 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. 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. Analyze the Fund MFS Municipal High Income Fund Class A having Symbol MMHYX for type mutual-funds and perform research on other mutual funds. As of 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 $5.54 B Holdings in Top 10 4.1% Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. . The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation. Higher turnover means higher trading fees. Please see the prospectus for further information on these and other risk considerations. He is a member of the CFA Institute (formerly the Association for Investment Management and Research); Boston Security Analysts Society, Inc.; Boston Municipal Analysts Forum; and the National Federation of Municipal Analysts. Highlights the importance of diversification and striking the proper balance between stocks and bonds. Past performance is no guarantee of future results. Change ($) (since ($ Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. -6.84%. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. 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. Get Started Here. 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. All ratings are subject to change. As of Login PRODUCTS & STRATEGIES This browser is no longer supported at MarketWatch. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. Tagged Friends. 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. ): Maximum data displayed is for the most recent 10 years. All results are historical and assume the reinvestment of dividends and capital gains. 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. Coupons are netted for securities with a payable and receivable leg. Learn more about mutual funds at fidelity.com. Long-term Capital Gain (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. ($ Historical NAV may not be available for all dates. 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. 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. View Overall Morningstar Ratings Information. If you are not a U.S. resident, please visitOther MFS Sites. MFS Municipal High Income Fund;C Watch list Last Updated: Mar 13, 2023 $ 7.28 0.02 0.28% Previous Close $7.26 Advanced Charting 6.87 52 Week Range 8.13 Partner Center Your Watchlists Customize. 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. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. 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. 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. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. View Overall Morningstar Ratings Information. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. The market value of the holding may differ. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. 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 Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. 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. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets Anais Favre is drinking a Betray'Ale by Brasserie Haarddrch. 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. Coupons are netted for securities with a payable and receivable leg. The weighted average yield-to-worst of all portfolio holdings. 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. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. SCHLOUK is drinking a Beli'Ale by Brasserie Haarddrch. US Inflation Persists, Growth Revised Down, Explore resources to help educate on investing basics, New IRS Withholding Form for Retirement Plan Tax Withholding Elections (PDF), 2023 Dividend and Capital Gain Schedule (PDF). MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. Fact Sheets are available approximately 15 days after month end. 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. 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. . Performance data shown represents past performance and is no guarantee of future results. 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. He also participates in the research process and strategy discussions. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. The team employs a proprietary investment process to build better insights for our clients. Privacy Policy. 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. Dividends are generally subject to state and local taxes. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. 900, 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, Explore resources to help educate on investing basics. 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. Portfolio characteristic data are based on unaudited net assets. He also participates in the research process and strategy discussions. 05/01/23. MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Bloomberg Municipal Bond Index measures the municipal bond market. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. In structuring the fund, MFS also considers top-down factors. Total Number of Holdings: (*YTD Updated See the results of our collaborative approach for MFS' "All Star" portfolios. Total Number of Holdings: These conditions may not be repeated in the future. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. Rankings of other share classes may vary. The interval between the announcement and the payment of the next dividend. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity. The Record Date is the date on which a fund declares a distribution. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. Your use of this website indicates that you agree with the intended purpose. Bloomberg Municipal Bond Index measures the municipal bond market. This version includes Municipal Intermediate Fund. Without such subsidies and waivers the fund's performance results would be less favorable. The interval between the announcement and the payment of the next dividend. The SEC yield is higher than the distribution yield in part due to unusual market conditions. 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 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. Site navigation Fidelity.com Home Customer Service Profile View Overall Morningstar Ratings Information. Excess returns are a portfolio's return minus the benchmark's annualized return. 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. 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. To receive the distribution, an investor must be a shareholder of record on that date. 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. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. The larger the portfolio's standard deviation, the greater the portfolio's volatility. 04/28/23 Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps. Fact Sheets are available approximately 15 days after month end. You also might decide against this option if you visit the MFS site from work and others have access to your computer. a day ago View Detailed Check-in. 03/31/23, Explore resources to help educate on investing basics. 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. 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. M). Elimination of these reductions will result in higher expenses and lower performance. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. (*YTD Updated 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. The portfolio is actively managed, and current holdings may be different. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. 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. royal dutch gardens catalog,

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