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. Class B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. 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)^ . Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. If you are working in a public space, such as a library, you would not want to select this option. 03/31/23, 14.38% of total net assets | If you are working in a public space, such as a library, you would not want to select this option. All results are historical and assume the reinvestment of dividends and capital gains. This browser is no longer supported at MarketWatch. Massachusetts Dev Finance Agency MA Ref-Ser A 4.000 JUL 01 44, City & County of Denver CO Etm-Ser C 6.125 NOV 15 25, Tennessee Energy Acquisition Corp TN Var-Ref-Gas Proj-Ser A-1 5.000 MAY 01 53, Downey Unified School District CA Election 2014-Ser B 4.000 AUG 01 41, Buckeye Tobacco Settlement Financing Auth OH Ref-Senior-Class 2-Ser B-2 5.000 JUN 01 55, Public Finance Authority WI Amt-Ref-Sr-Oblig Group 5.250 JUL 01 28, Main Street Natural Gas Inc GA Ser A 5.000 JUN 01 53, WA Health Care Facilities Authority Providence Hlth & Svcs-Ser A 5.000 OCT 01 33, City of Houston TX Airport System Revenue Amt-Ser B-1 5.000 JUL 15 30, CA State Public Works Board Ser A 5.000 SEP 01 33, Nomination and Compensation Committee Charter, Municipal Bond Funds: Computing Your State Tax, MFS Closed End Fund Portfolio Management Team Announcement. 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. 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. trustees, certain officers and 10% shareholders of the Funds, and directors and certain officers of MFS): These forms contain information on the reporting person's relationship to the particular fund and on purchases and sales of such equity securities. Change ($) (since For the best MarketWatch.com experience, please update to a modern browser. 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. Information you'll need to file your taxes, including funds not issuing Form 1099-DIV, online tax forms and account access, percentage of government income, earned income by state, and alternative minimum tax percentage. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. She is a member of the National Federation of Municipal Analysts and its Boston chapter. The elimination of the charge begins six years after the end of the month in which shares were initially purchased. Portfolio characteristic data are based on unaudited net assets. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. 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. Leverage can cause increased volatility by magnifying gains or losses. 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. Monthly, 3.01%. Capital gains distributions, if any, are taxable. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. 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. He was named portfolio manager in 1993. Please consult your tax advisor for further information. Other Not Rated includes other fixed income securities not rated by any rating agency. Intraday data delayed at least 15 minutes or per exchange requirements. See the results of our collaborative approach for MFS' "All Star" portfolios. 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. The Centre is part of a particularly dynamic ecosystem, within the second French . 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. 2023 Massachusetts Financial Services Company. . 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. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Non-accruing securities are treated as having a coupon equal to zero. Cookie Notice (). The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. The Record Date is the date on which a fund declares a distribution. Total Number of Holdings: Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. You also might decide against this option if you visit the MFS site from work and others have access to your computer. 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. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. 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. 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. 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. All results are historical and assume the reinvestment of dividends and capital gains. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. 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. 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. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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 portfolio itself has not been rated by any rating agency. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Interest from the funds investments may be subject to the federal alternative minimum tax. 03/31/23, 8.53% of total net assets | 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. 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. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. Ratings are shown in the S&P and Fitch scale (e.g., AAA). View Overall Morningstar Ratings Information. Visit Place St. Andr, the heart of the city's historic quarter. 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 SEC yield is higher than the distribution yield in part due to unusual market conditions. Privacy Policy. This website is a general communication and is provided for informational and/or educational purposes only. 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. Bloomberg Municipal Bond Index measures the municipal bond market. Log in to see them here or sign up to get started. All ratings are subject to change. 03/31/23, Explore resources to help educate on investing basics. The fund may not achieve its objective and/or you could lose money on your investment in the fund. 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. Log in to see them here or sign up to get started. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. 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. Earned the Fruits of Your Labor (Level 58) badge! Performance data shown represents past performance and is no guarantee of future results. 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. 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 portfolio is actively managed, and current holdings may be different. Full Holdings available approximately 25 days after month end. including funds not issuing Form 1099-DIV, online tax forms and account access, percentage of government income, earned income by state, and alternative minimum tax percentage. 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 SEC yield is higher than the distribution yield in part due to unusual market conditions. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. Quantitative screening tools that systematically evaluate instruments may also be considered. 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. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. Historical NAV may not be available for all dates. ($ Ex-Dividend Date is the date on which a fund goes ex-dividend. Copyright 2023 MarketWatch, Inc. All rights reserved. The market value of the holding may differ. 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. 04/27/23 The portfolio is actively managed, and current holdings may be different. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). The larger the portfolio's standard deviation, the greater the portfolio's volatility. This browser is no longer supported at MarketWatch. 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. 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. 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. Beta is a measure of the volatility of a portfolio relative to the overall market. Seeks high current income exempt from federal income tax, but may also consider 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. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. 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. The team employs a proprietary investment process to build better insights for our clients. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. Gary earned a Bachelor of Arts degree from the University of California and a Master of Business Administration degree from the University of Chicago. 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. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets To receive the distribution, an investor must be a shareholder of record on that date. 05/01/23. 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. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. 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). 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. 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. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Closed-End Fund . It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. He also participates in the research process and strategy discussions. 8.53% of total net assets | Total Number of Holdings: 1939 There are currently no items in this Watchlist. 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. For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. 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. 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. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. All results are historical and assume the reinvestment of dividends and capital gains. MFS may invest 25% or more of the funds total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers. 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. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). 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. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. You also might decide against this option if you visit the MFS site from work and others have access to your computer. It uses a standard deviation and excess return. 05/01/23. Employed in the investment area of MFS since 2015. These reductions will continue until at least05/31/24. R squared is not a measure of performance. shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. Privacy Notice | 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. 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. 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. Bond:Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. 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. 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 Portfolio information is subject to change due to active management. Other Not Rated includes fixed income securities which have not been rated by any rating agency. All ratings are subject to change. As of 03/31/23 , subject to revision and not annualized.). Coupons are netted for securities with a payable and receivable leg. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. These conditions may not be repeated in the future. M), (*YTD Updated MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. Find major attractions on the south side of the Isre River. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. US Inflation Persists, Growth Revised Down, As of Without such subsidies and waivers the fund's performance results would be less favorable. Dividends are generally subject to state and local taxes. He began his career in the financial services industry in 1995. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. He began his career in the financial services industry in 1995. 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% Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Purchased at Lyon Bire Festival #6 (2023) Taster. If you are not a U.S. resident, please visitOther MFS Sites. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. 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.