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. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Full and Historical Holdings. The fund may not achieve its objective and/or you could lose money on your investment in the fund. U.S. Government includes securities issued by the U.S. Department of the Treasury. She began her career in municipal finance at the New York City budget office. If you are working in a public space, such as a library, you would not want to select this option. He also participates in the research process and strategy discussions. Intraday Data provided by FACTSET and subject to terms of use. 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% 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. Highlights the distinguishing characteristics of MFS municipal bonds. All results are historical and assume the reinvestment of dividends and capital gains. The larger the portfolio's standard deviation, the greater the portfolio's volatility. , Retirement Strategy, Insight, Education and more , Fixed Income Strategy, Insight, Education and more . 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. 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. The city sits at the confluence of the rivers Isre and Drac, encircled by the snow-covered Alps. Coupons are netted for securities with a payable and receivable leg. These reductions will continue until at least05/31/24. Alpha is a measure of the portfolio's risk-adjusted performance. Something went wrong while loading Watchlist. US Inflation Persists, Growth Revised Down, As of Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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). Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. He also participates in the research process and strategy discussions. 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. 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. 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. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Portfolio information is subject to change due to active management. Beta is a measure of the volatility of a portfolio relative to the overall market. 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. Long-term Capital Gain Receive email updates about best performers, news, CE accredited webcasts and more. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. . 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. 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. MFS has been investing in municipal bonds since 1984. These conditions may not be repeated in the future. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. ): Change (%) (since Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. ): Maximum data displayed is for the most recent 10 years. He also participates in the research process and strategy discussions. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. 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. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. ): Maximum data displayed is for the most recent 10 years. Change ($) (since The market value of the holding may differ. 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. Net Assets Total Number of Holdings: MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund's assets primarily in municipal 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. 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. ): Maximum data displayed is for the most recent 10 years. Purchased at Lyon Bire Festival #6 (2023) Taster. She is a member of the National Federation of Municipal Analysts and its Boston chapter. Privacy Policy. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. 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. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. 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 Capital gains distributions, if any, are taxable. 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. 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. Performance data shown represents past performance and is no guarantee of future results. All quotes are in local exchange time. Index portfolios will tend to have values very close to 100. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Visit Lyon. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. You also might decide against this option if you visit the MFS site from work and others have access to your computer. The team employs a proprietary investment process to build better insights for our clients. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. 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. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. This site is intended for use by U.S. residents. 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. 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. 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. 04/27/23 Michael joined MFS in 1998 and was named to his current role in 1999. As of 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. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. The core principles of our approach are integrated research, global collaboration and active risk management. The market value of the holding may differ. Earned the Fruits of Your Labor (Level 58) badge! It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Fact Sheets are available approximately 15 days after month end. 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. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Log in to see them here or sign up to get started. 04/27/23 2023 Massachusetts Financial Services Company. Congratulations on personalizing your experience. There are currently no items in this Watchlist. 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. Anais Favre is drinking a Betray'Ale by Brasserie Haarddrch. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. 04/28/23 He began his career in the financial services industry in 1995. 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. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. Tracking error is the standard deviation of a portfolio's excess returns. 03/31/23. (*YTD Updated She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. The market value of the holding may differ. To receive the distribution, an investor must be a shareholder of record on that date. Columbia California Columbia Connecticut (2) 2022 INCOME EARNED BY STATE INFORMATION 1For single state municipal bond funds, the state specific percentage shown includes the income earned from that state, as well as any income earned from U.S. territories. View Overall Morningstar Ratings Information. As of 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. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments. The Centre is part of a particularly dynamic ecosystem, within the second French . You also might decide against this option if you visit the MFS site from work and others have access to your computer. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain View Overall Morningstar Ratings Information. Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. The Fund invests, under normal market conditions, at least 80 . 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. M). 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 contents of this form are subject to the MutualFunds.com The larger the portfolio's standard deviation, the greater the portfolio's volatility. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering 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. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Something went wrong while loading Watchlist. He began his career in the financial services industry in 1995. 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. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. . As of 04/30/23 , subject to revision and not annualized.). US Inflation Persists, Growth Revised Down, As of For the best MarketWatch.com experience, please update to a modern browser. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003. 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)^ . 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. Login PRODUCTS & STRATEGIES 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. Alpha is a measure of the portfolio's risk-adjusted performance. 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. 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. 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. Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. Long-term Capital Gain 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. 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. Create a list of the investments you want to track. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Ex-Dividend Date is the date on which a fund goes ex-dividend. Concentrated:The portfolio's performance could be closely tied to the economic, political, and other conditions in the state and other states and U.S. territories and possessions in which the portfolio invests and could be more volatile than the performance of more geographically diversified portfolios. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. Dividends are generally subject to state and local taxes. As of 03/31/23 , 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. MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. MFS (Massachusetts Financial Services Company, the funds investment adviser) normally invests the funds assets primarily in municipal instruments. M). ($ All ratings are subject to change. This website is a general communication and is provided for informational and/or educational purposes only. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). This version includes Municipal Intermediate Fund. 1.62%. Higher turnover means higher trading fees. 05/01/23. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. 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. 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. Employed in the investment area of MFS since 2015. Flyer showing MFS' annual rankings from Barron's since 2008. Federal Agencies includes rated and unrated U.S. Agency fixed-income securities, U.S. Agency MBS, and CMOs of U.S. Agency MBS. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. 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 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. Find major attractions on the south side of the Isre River. M), (*YTD Updated Information ratio is a measure of consistency in excess return. You can unsubscribe at any time. All ratings are subject to change. The Payable Date is the date on which the distribution is paid to shareholders. 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. Its flat streets are ideal for exploring on foot. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. 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. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Historical MP may not be available for all dates. These results represent the percent change in net asset value. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Portfolio characteristic data are based on unaudited net assets. The amount of distributions may vary depending on a number of factors. The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. Non-accruing securities are treated as having a coupon equal to zero. Dividends are generally subject to state and local taxes. (*YTD Updated Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. This site is intended for use by U.S. residents. 05/01/23. The market price may be lower or higher than the fund's net asset value. Bloomberg Municipal Bond Index measures the municipal bond market. 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.
When Will Marc Jacobs Restock The Tote Bag,
The Key 'pillars' That Define Celebrity Cruises Are Quizlet,
Articles M