The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. Dividends are generally subject to state and local taxes. 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. This website is a general communication and is provided for informational and/or educational purposes only. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. 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. Have Watchlists? Quantitative screening tools that systematically evaluate instruments may also be considered. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Benchmark: Bloomberg Municipal Bond Index. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). 03/31/23, Explore resources to help educate on investing basics. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The Payable Date is the date on which the distribution is paid to shareholders. She previously worked for Eaton Vance Management for seven years. Index portfolios will tend to have values very close to 100. These reductions will continue until at least05/31/24. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets 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. For the best MarketWatch.com experience, please update to a modern browser. The fund may at . 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 team employs a proprietary investment process to build better insights for our clients. If you are working in a public space, such as a library, you would not want to select this option. Index portfolios will tend to have values very close to 100. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. To receive the distribution, an investor must be a shareholder of record on that date. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. 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. The core principles of our approach are integrated research, global collaboration and active risk management. Full Holdings available approximately 25 days after month end. Login to MFS.com For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only User Name : Password : Remember me Forgot your password? The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Ex-Dividend Date is the date on which a fund goes ex-dividend. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. 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). Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. 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. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). ): Maximum data displayed is for the most recent 10 years. A high relative ranking does not always mean the fund achieved a positive return during the period. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. 2023 MFS Investment Management. Long-term Capital Gain Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Tracking error is the standard deviation of a portfolio's excess returns. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. 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. . If you are not a U.S. resident, please visit Other MFS Sites. 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. Rankings of other share classes may vary. Receive email updates about best performers, news, CE accredited webcasts and more. Gross assets consist of the total net assets of the fund plus the amounts borrowed to create leverage. Gary earned a Bachelor of Arts degree from the University of California and a Master of Business Administration degree from the University of Chicago. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Log in to see them here or sign up to get started. Cookie Notice (). 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. 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. Performance data shown represents past performance and is no guarantee of future results. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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. 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. To receive the distribution, an investor must be a shareholder of record on that date. 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. Analyze the Fund MFS Municipal High Income Fund Class A having Symbol MMHYX for type mutual-funds and perform research on other mutual funds. The Record Date is the date on which a fund declares a distribution. She is a member of the National Federation of Municipal Analysts and its Boston chapter. Privacy Notice | Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. 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. 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. 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. 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. 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. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Your use of this website indicates that you agree with the intended purpose. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. The Payable Date is the date on which the distribution is paid to shareholders. Beta is a measure of the volatility of a portfolio relative to the overall market. 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. Intraday data delayed at least 15 minutes or per exchange requirements. 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. (*YTD Updated In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. 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. Subscriber Agreement & Terms of Use | 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Have Watchlists? To receive the distribution, an investor must be a shareholder of record on that date. The MFS Tax Center page provides an overview of how mutual funds are taxed, details about MFS tax forms you receive, & tax return information. Portfolio characteristic data are based on unaudited net assets. 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. Your use of this website indicates that you agree with the intended purpose. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Employed in the investment area of MFS since 2015. It uses a standard deviation and excess return. The portfolio itself has not been rated by any rating agency. Therefore, the portfolio's value may decline during rising rates. Alpha is a measure of the portfolio's risk-adjusted performance. 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 are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Daily, Excess returns are a portfolio's return minus the benchmark's annualized return. 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Total Number of Holdings: View Overall Morningstar Ratings Information. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Prior to joining the firm, he worked in institutional sales -- fixed income for Fidelity Capital Markets and Goldman Sachs. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. This browser is no longer supported at MarketWatch. View Overall Morningstar Ratings Information. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. As portfolio and market conditions change, the rate of distributions could change. 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. Federal Agencies includes rated and unrated U.S. Agency fixed-income securities, U.S. Agency MBS, and CMOs of U.S. Agency MBS. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. MFS Municipal High Income Fund;C Watch list Last Updated: Mar 13, 2023 $ 7.28 0.02 0.28% Previous Close $7.26 Advanced Charting 6.87 52 Week Range 8.13 Partner Center Your Watchlists Customize. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. 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. 2023 MFS Investment Management. 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. 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. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. 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 You can unsubscribe at any time. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. 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. She began her career in municipal finance at the New York City budget office. The following filings are periodically made with the SEC via EDGAR, an online submission and database website, by insiders of MFS' closed-end funds (i.e. The 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. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. ): Maximum data displayed is for the most recent 10 years. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. 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. Subscriber Agreement & Terms of Use | All results are historical and assume the reinvestment of dividends and capital gains. For the best MarketWatch.com experience, please update to a modern browser. 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. 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. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. All results are historical and assume the reinvestment of dividends and capital gains. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? Historical MP may not be available for all dates. 03/31/23. 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. 04/28/23 For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. MFS has been investing in municipal bonds since 1984. 04/28/23 Coupons are netted for securities with a payable and receivable leg. 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. The city sits at the confluence of the rivers Isre and Drac, encircled by the snow-covered Alps. ($ Purchased at Lyon Bire Festival #6 (2023) Taster. 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. 2023 Massachusetts Financial Services Company. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Bloomberg Municipal Bond Index measures the municipal bond market. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. Ex-Dividend Date is the date on which a fund goes ex-dividend. 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 Learn more about mutual funds at fidelity.com. Something went wrong while loading Watchlist. 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. Information on the mandatory cost-basis requirements that are effective for mutual fund shares purchased after January 1, 2012. US Inflation Persists, Growth Revised Down, As of Which type of investor describes you best? The weighted average yield-to-worst of all portfolio holdings. 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. If you are not a U.S. resident, please visitOther MFS Sites. ): Change (%) (since 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. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. -6.84%. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Report of Organizational Actions Affecting Basis of Securities. If you are working in a public space, such as a library, you would not want to select this option. 14.38% of total net assets | Total Number of Holdings: 900 Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Please see the prospectus for further information on these and other risk considerations. To the extent that investments are purchased with the issuance of preferred shares, the fund's net asset value will increase or decrease at a greater rate than a comparable unleveraged fund. 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. Michael joined MFS in 1998 and was named to his current role in 1999. MFS (Massachusetts Financial Services Company, the funds investment adviser) normally invests the funds assets primarily in municipal instruments. 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. Ratings are shown in the S&P and Fitch scale (e.g., AAA). Interest from the funds investments may be subject to the federal alternative minimum tax. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. Capital gains distributions, if any, are taxable. The market value of the holding may differ. 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. MFS may invest 25% or more of the fund's total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers. 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. Historical and current end-of-day data provided by FACTSET. Ex-Dividend Date is the date on which a fund goes ex-dividend. -0.75%. Site navigation Fidelity.com Home Customer Service Profile Golden State Tobacco Securitization Corp CA Txbl-Ref . 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. The fund employs leverage which has been created through the issuance of variable rate municipal term preferred shares [or borrowing]. 1.62%. 8.53% of total net assets | Total Number of Holdings: 1939 The MFS MMHBX Municipal High Income Fund summary. ): Change (%) (since 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. The amount of distributions may vary depending on a number of factors. 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.

How Long Can A Blood Clot Go Undetected, Bands From Milton Keynes, Articles M