View Overall Morningstar Ratings Information. MFS Municipal High Income Fund Class A - Fidelity Investments 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. MMHBX: Municipal High Income Fund | MFS The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. Historical and current end-of-day data provided by FACTSET. Past performance is no guarantee of future results. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 05/01/23. 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. 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. As of 03/31/23 , subject to revision and not annualized.). Historical MP may not be available for all dates. Excess returns are a portfolio's return minus the benchmark's annualized return. Closed-end foreign tax letter . For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Beta is a measure of the volatility of a portfolio relative to the overall market. 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. MMHCX | MFS Municipal High Income Fund;C Overview | MarketWatch He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. View Overall Morningstar Ratings Information. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Congratulations on personalizing your experience. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. To receive the distribution, an investor must be a shareholder of record on that date. Visit Place St. Andr, the heart of the city's historic quarter. 03/31/23. Monthly, 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. Shares of the funds involve investment risk, including possible loss of principal. MMIIX: MFS Municipal High Income Fund - MutualFunds.com 04/27/23 Ratings are shown in the S&P and Fitch scale (e.g., AAA). If you are not a U.S. resident, please visit Other MFS Sites. Elimination of these reductions will result in higher expenses and lower performance. Historical MP may not be available for all dates. Historical and current end-of-day data provided by FACTSET. Long-term Capital Gain US Inflation Persists, Growth Revised Down, As of The team employs a proprietary investment process to build better insights for our clients. Seeks high current income exempt from federal income tax, but may also consider capital appreciation. 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. Alpha is a measure of the portfolio's risk-adjusted performance. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. The portfolio itself has not been rated by any rating agency. This website is a general communication and is provided for informational and/or educational purposes only. 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. These results represent the percent change in net asset value. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. Dividends are generally subject to state and local taxes. MMIIX | MFS Municipal High Income Fund;I Overview | MarketWatch 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. . The SEC yield is higher than the distribution yield in part due to unusual market conditions. Log in to see them here or sign up to get started. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. The core principles of our approach are integrated research, global collaboration and active risk management. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. Bloomberg Municipal Bond Index measures the municipal bond market. Total Number of Holdings: Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. Create a list of the investments you want to track. These reductions will continue until at least05/31/24. 1.62%. 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. Cookie Notice (). 2023 Massachusetts Financial Services Company. Tax Center | DWS 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. She previously worked for Eaton Vance Management for seven years. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. 04/28/23 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. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Log in to see them here or sign up to get started. 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. Change ($) (since Create a list of the investments you want to track. 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. 14.38% of total net assets | Total Number of Holdings: 900 Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. MMHYX - MFS Municipal High Income A Fund Stock Price | Morningstar 03/31/23, Explore resources to help educate on investing basics. Excess returns are a portfolio's return minus the benchmark's annualized return. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. As of 04/30/23 , subject to revision and not annualized.). Highlights the importance of diversification and striking the proper balance between stocks and bonds. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. 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. 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. Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. CXE: High Income Municipal Trust | MFS Full Holdings available approximately 25 days after month end. The Record Date is the date on which a fund declares a distribution. 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. Its flat streets are ideal for exploring on foot. The team employs a proprietary investment process to build better insights for our clients. 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 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. 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. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Privacy Notice | 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 fund may not achieve its objective and/or you could lose money on your investment in the fund. *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. Therefore, the portfolio's value may decline during rising rates. Privacy Notice | 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. -6.84%. The larger the portfolio's standard deviation, the greater the portfolio's volatility. As of The market value of the holding may differ. 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. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Analyze the Fund MFS Municipal High Income Fund Class C having Symbol MMHCX for type mutual-funds and perform research on other mutual funds. 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. 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. 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. . For all securities other than those specifically described below, ratings are assigned to underlying securities utilizing ratings from Moody's, Fitch, and Standard & Poor's rating agencies and applying the following hierarchy: If all three agencies provide a rating, the middle rating (after dropping the highest and lowest ratings) is assigned; if two of the three agencies rate a security, the lower of the two is assigned. Visit Lyon. Without such subsidies and waivers the fund's performance results would be less favorable. ): Maximum data displayed is for the most recent 10 years. Please see the prospectus for further information on these and other risk considerations. Total Number of Holdings: If you are not a U.S. resident, please visit Other MFS Sites. 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. This piece shows annual returns for broad-based asset classes ranked from best to worst, and includes the growth of $100,000 for each asset class over two separate decades. He began his career in the financial services industry in 1995. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moodys, and Fitch respectively. Global Recent Activity. Portfolio characteristic data are based on unaudited net assets. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance. Coupons are netted for securities with a payable and receivable leg. Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management (MFS) and a portfolio manager of the firm's government securities and municipal bond portfolios.Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. 03/31/23, Explore resources to help educate on investing basics. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity. Historical MP may not be available for all dates. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. Change ($) (since Morningstar Overall Rating As of 02/28/23 Class B Shares. The portfolio is actively managed, and current holdings may be different. Historical NAV may not be available for all dates. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. 03/31/23. 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. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. 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)^ . 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. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. 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. Information on U.S. Government obligations, tax-exempt income by state, foreign income, AMT, and more. 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. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. (*YTD Updated R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. 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. 04/27/23 See the results of our collaborative approach for MFS' "All Star" portfolios. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. 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. This site is intended for use by U.S. residents. For the best MarketWatch.com experience, please update to a modern browser. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). 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. 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. The team employs a proprietary investment process to build better insights for our clients. 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. 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. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. ): Change (%) (since MFS has been investing in municipal bonds since 1984. Visit a quote page and your recently viewed tickers will be displayed here. Duration, representing the fund's sensitivity to shifts in interest rate, does take this leverage effect into account in its calculation; Average Effective Maturity does not. It uses a standard deviation and excess return. Performance data shown represents past performance and is no guarantee of future results. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Alpha is a measure of the portfolio's risk-adjusted performance. Long-term Capital Gain 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. 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. M), (*YTD Updated Michael joined MFS in 1998 and was named to his current role in 1999. 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. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. Best Things to Do in Auvergne Rhne-Alpes, France If you are working in a public space, such as a library, you would not want to select this option.

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