Dividends are generally subject to state and local taxes. 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. Actual after-tax returns depend on your tax situation and are not relevant if you hold shares through tax-deferred arrangements such as IRAs or 401 (k) plans. This website is a general communication and is provided for informational and/or educational purposes only. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Visit a quote page and your recently viewed tickers will be displayed here. The interval between the announcement and the payment of the next dividend. 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. The larger the portfolio's standard deviation, the greater the portfolio's volatility. Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. The fund may at . Ex-Dividend Date is the date on which a fund goes ex-dividend. Global Recent Activity. 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. He began his career in the financial services industry in 1995. Please note: The Section 16 Filing links for each MFS Closed-End Fund listed above connect you to the EDGAR database for the specific fund; you will leave www.mfs.com. It uses a standard deviation and excess return. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. 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. Net Assets Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Market Price: The market price of common shares of the fund will be based on factors such as the supply and demand for common shares in the market and general market, economic, political or regulatory conditions. This website is a general communication and is provided for informational and/or educational purposes only. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Subscriber Agreement & Terms of Use | Full and Historical Holdings. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. 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. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. 14.38% of total net assets | Total Number of Holdings: 900 Find an overview of how mutual funds are taxed, details about the tax forms you receive from MFS, and instructions for using this information to complete your tax return. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). 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)^ . 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 Information you'll need to file your taxes, including funds not issuing Form 1099-DIV, online tax forms and account access, percentage of government income, earned income by state, and alternative minimum tax percentage. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. All quotes are in local exchange time. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. 04/28/23 As of Employed in the investment area of MFS since 2015. The Record Date is the date on which a fund declares a distribution. The market price may be lower or higher than the fund's net asset value. Earned the Fruits of Your Labor (Level 58) badge! For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. For the best MarketWatch.com experience, please update to a modern browser. 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. , Retirement Strategy, Insight, Education and more , Fixed Income Strategy, Insight, Education and more . Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). 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. 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. 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. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. 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. 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. 03/31/23, 14.38% of total net assets | Class I shares are available without a sales charge to eligible investors. Morningstar ratings are based on risk adjusted performance. 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. 3.01%. Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. All results are historical and assume the reinvestment of dividends and capital gains. Beta is a measure of the volatility of a portfolio relative to the overall market. She is a member of the National Federation of Municipal Analysts and its Boston chapter. See the results of our collaborative approach for MFS' "All Star" portfolios. 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. The MFS MMHBX Municipal High Income Fund summary. The fund may not achieve its objective and/or you could lose money on your investment in the fund. The team employs a proprietary investment process to build better insights for our clients. 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. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. ): Change (%) (since View Overall Morningstar Ratings Information. Please consult your tax advisor for further information. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. 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. R squared is not a measure of performance. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. The core principles of our approach are integrated research, global collaboration and active risk management. Information on U.S. Government obligations, tax-exempt income by state, foreign income, AMT, and more. 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. 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 weighted average yield-to-worst of all portfolio holdings. Alpha is a measure of the portfolio's risk-adjusted performance. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. 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. Analyze the Fund MFS Municipal High Income Fund Class C having Symbol MMHCX for type mutual-funds and perform research on other mutual funds. Closed-End Fund . 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. 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 employs leverage which has been created through the issuance of variable rate municipal term preferred shares [or borrowing]. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. U.S. Government includes securities issued by the U.S. Department of the Treasury. Performance data shown represents past performance and is no guarantee of future results. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain Change ($) (since The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Fact Sheets are available approximately 15 days after month end. 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. Anais Favre is drinking a Betray'Ale by Brasserie Haarddrch. 03/31/23. Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. Non-accruing securities are treated as having a coupon equal to zero. Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). 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. Benchmark: Bloomberg Municipal Bond Index. As portfolio and market conditions change, the rate of distributions could change. 04/27/23 She previously worked for Eaton Vance Management for seven years. MFS has been investing in municipal bonds since 1984. 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. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. To the extent that investments are purchased through the use of leverage, the fund's net asset value will increase or decrease at a greater rate than a comparable unleveraged fund. The Payable Date is the date on which the distribution is paid to shareholders. Tracking error is the standard deviation of a portfolio's excess returns. 03/31/23, Explore resources to help educate on investing basics. These results represent the percent change in net asset value. Excess returns are a portfolio's return minus the benchmark's annualized return. As of 03/31/23 , subject to revision and not annualized.). Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). Ex-Dividend Date is the date on which a fund goes ex-dividend. MFS (Massachusetts Financial Services Company, the funds investment adviser) normally invests the funds assets primarily in municipal instruments. Morningstar ratings are based on risk adjusted performance. Leverage can cause increased volatility by magnifying gains or losses. This browser is no longer supported at MarketWatch. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Total Number of Holdings: Lyon is France's third-largest city and a major tourist destination. 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. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. (*YTD Updated Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. Cookie Notice (). 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. Historical MP may not be available for all dates. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. 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. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. To receive the distribution, an investor must be a shareholder of record on that date. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. M), (*YTD Updated These reductions will continue until at least05/31/24. All ratings are subject to change. M). As of 04/30/23 , subject to revision and not annualized.). Historical NAV may not be available for all dates. 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. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. 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. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. 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. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Your use of this website indicates that you agree with the intended purpose. Gross assets consist of the total net assets of the fund plus the amounts borrowed to create leverage. 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. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Therefore, the portfolio's value may decline during rising rates. Historical MP may not be available for all dates. 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. 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. 03/31/23, Explore resources to help educate on investing basics. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Get Started Here. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. Fact Sheets are available approximately 15 days after month end. 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. 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. 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. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. 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. Receive email updates about best performers, news, CE accredited webcasts and more. Before that, he was a research analyst in the municipal bond group at Franklin Templeton. Cookie Notice (). Congratulations on personalizing your experience. SCHLOUK is drinking a Beli'Ale by Brasserie Haarddrch. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. All ratings are subject to change. Please see the prospectus for further information on these and other risk considerations. All ratings are subject to change. ($ 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. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Intraday Data provided by FACTSET and subject to terms of use. ): Change (%) (since Something went wrong while loading Watchlist. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. 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. Historical and current end-of-day data provided by FACTSET. Something went wrong while loading Watchlist. Visit Lyon. (*YTD Updated Information ratio is a measure of consistency in excess return. 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.
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