He began his career in the financial services industry in 1995. It uses a standard deviation and excess return. Learn more about mutual funds at fidelity.com. Beta is a measure of the volatility of a portfolio relative to the overall market. Brasserie Haarddrch - Champis, Auvergne-Rhne-Alpes - Untappd Other Not Rated includes other fixed income securities not rated by any rating agency. 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. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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 also might decide against this option if you visit the MFS site from work and others have access to your computer. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. 1.62%. Ex-Dividend Date is the date on which a fund goes ex-dividend. Something went wrong while loading Watchlist. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. It uses a standard deviation and excess return. Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group. The interval between the announcement and the payment of the next dividend. Visit a quote page and your recently viewed tickers will be displayed here. Therefore, the portfolio's value may decline during rising rates. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. 03/31/23. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. 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. Highlights the distinguishing characteristics of MFS municipal bonds. Portfolio information is subject to change due to active management. The portfolio is actively managed, and current holdings may be different. 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 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. Historical MP may not be available for all dates. All quotes are in local exchange time. Please consult your tax advisor for further information. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Its flat streets are ideal for exploring on foot. 03/31/23. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. 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. M), (*YTD Updated M). 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. MMIIX | MFS Municipal High Income Fund;I Overview | MarketWatch 03/31/23, 8.53% of total net assets | Golden State Tobacco Securitization Corp CA Txbl-Ref . Earned the Fruits of Your Labor (Level 58) badge! 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Flyer showing MFS' annual rankings from Barron's since 2008. The larger the portfolio's standard deviation, the greater the portfolio's volatility. 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. He also participates in the research process and strategy discussions. Historical MP may not be available for all dates. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. 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. MMIIX: Municipal High Income Fund | MFS Your use of this website indicates that you agree with the intended purpose. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. The amount of distributions may vary depending on a number of factors. He also participates in the research process and strategy discussions. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). These conditions may not be repeated in the future. 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. Please see the prospectus for further information on these and other risk considerations. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. 900, 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, Explore resources to help educate on investing basics. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. 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. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Portfolio characteristic data are based on unaudited net assets. Higher turnover means higher trading fees. The market value of the holding may differ. See MMHBX pricing, performance snapshot, ratings, historical returns, risk considerations, and more. 04/28/23 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. Ratings are shown in the S&P and Fitch scale (e.g., AAA). 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 fund may not achieve its objective and/or you could lose money on your investment in the fund. R squared is not a measure of performance. 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. 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. She is a member of the National Federation of Municipal Analysts and its Boston chapter. Excess returns are a portfolio's return minus the benchmark's annualized return. The Centre is part of a particularly dynamic ecosystem, within the second French . Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. Full and Historical Holdings. 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. , Retirement Strategy, Insight, Education and more , Fixed Income Strategy, Insight, Education and more . Without such subsidies and waivers the fund's performance results would be less favorable. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. 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. Please see the prospectus for further information on these and other risk considerations. . 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. *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. To receive the distribution, an investor must be a shareholder of record on that date. Class B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Net Assets See the results of our collaborative approach for MFS' "All Star" portfolios. Total Number of Holdings: . -6.84%. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. 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. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. This version includes Municipal Intermediate Fund. 04/28/23 04/28/23 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. 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. For the best MarketWatch.com experience, please update to a modern browser. Tax Center - MFS Highlights the distinguishing characteristics of MFS municipal bonds. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 03/31/23, 8.53% of total net assets | 04/27/23 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. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. As of 04/30/23 , subject to revision and not annualized.).

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