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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. 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. This version includes Municipal Intermediate Fund. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. The Fund invests, under normal market conditions, at least 80 . ($ 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. The market value of the holding may differ. Congratulations on personalizing your experience. The SEC yield is higher than the distribution yield in part due to unusual market conditions. View Overall Morningstar Ratings Information. Higher turnover means higher trading fees. Ex-Dividend Date is the date on which a fund goes ex-dividend. Ex-Dividend Date is the date on which a fund goes ex-dividend. Analyze the Fund MFS Municipal High Income Fund Class C having Symbol MMHCX for type mutual-funds and perform research on other mutual funds. 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. 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. US Inflation Persists, Growth Revised Down, As of Morningstar Overall Rating As of 02/28/23 Class B Shares. 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. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. 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. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. 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. 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. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Excess returns are a portfolio's return minus the benchmark's annualized return. Employed in the investment area of MFS since 2015. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. For the best MarketWatch.com experience, please update to a modern browser. Coupons are netted for securities with a payable and receivable leg. Performance data shown represents past performance and is no guarantee of future results. 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 portfolio itself has not been rated by any rating agency. Highlights the distinguishing characteristics of MFS municipal bonds. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). 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. 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. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Elimination of these reductions will result in higher expenses and lower performance. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Log in to see them here or sign up to get started. Fact Sheets are available approximately 15 days after month end. The market price may be lower or higher than the fund's net asset value. US Inflation Persists, Growth Revised Down, As of 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. The core principles of our approach are integrated research, global collaboration and active risk management. Morningstar ratings are based on risk adjusted performance. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (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. Register MFS Access For Shareholders Only Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The fund may at . 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. The portfolio itself has not been rated by any rating agency. Earned the Fruits of Your Labor (Level 58) badge! 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. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain View Overall Morningstar Ratings Information. Report of Organizational Actions Affecting Basis of Securities. 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. 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. Close tooltip. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of -6.84%. Historical MP may not be available for all dates. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. She previously worked for Eaton Vance Management for seven years. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Full and Historical Holdings. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. 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. 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. The market value of the holding may differ. 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. Coupons are netted for securities with a payable and receivable leg. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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. Historical NAV may not be available for all dates. Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. The Payable Date is the date on which the distribution is paid to shareholders. The weighted average yield-to-worst of all portfolio holdings. Visit Lyon. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. As of 04/30/23 , subject to revision and not annualized.). 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. The Centre is part of a particularly dynamic ecosystem, within the second French . MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. Full and Historical Holdings. (*YTD Updated He also participates in the research process and strategy discussions. 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. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. These conditions may not be repeated in the future. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. 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. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. 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. The core principles of our approach are integrated research, global collaboration and active risk management. Ratings are shown in the S&P and Fitch scale (e.g., AAA). MFS has been investing in municipal bonds since 1984. Seeks high current income exempt from federal income tax, but may also consider 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. Your use of this website indicates that you agree with the intended purpose. Total Number of Holdings: In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. If you are not a U.S. resident, please visit Other MFS Sites. Historical MP may not be available for all dates. 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. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Please see the prospectus for further information on these and other risk considerations. Ratings are shown in the S&P and Fitch scale (e.g., AAA). Purchased at Lyon Bire Festival #6 (2023) Taster. Full Holdings available approximately 25 days after month end. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Ex-Dividend Date is the date on which a fund goes ex-dividend. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. There are currently no items in this Watchlist. Global Recent Activity. 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. All ratings are subject to change. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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.
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