mfs municipal high income fund state tax information 2020

Daily, Rankings of other share classes may vary. The portfolio is actively managed, and current holdings may be different. 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. The information provided on this page should be read in conjunction with the fund's prospectus or summary prospectus for the portfolio being offered, which are available onlinehere or by contacting MFS. He began his career in the financial services industry in 1995. This website is a general communication and is provided for informational and/or educational purposes only. Ex-Dividend Date is the date on which a fund goes ex-dividend. Dividends are generally subject to state and local taxes. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. This piece shows annual returns for broad-based asset classes ranked from best to worst, and includes the growth of $100,000 for each asset class over two separate decades. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain Municipal Bond: Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. Change ($) (since 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. Other Not Rated includes other fixed income securities not rated by any rating agency. 04/28/23 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. Visit a quote page and your recently viewed tickers will be displayed here. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. 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. US Inflation Persists, Growth Revised Down, As of Your use of this website indicates that you agree with the intended purpose. including funds not issuing Form 1099-DIV, online tax forms and account access, percentage of government income, earned income by state, and alternative minimum tax percentage. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. 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. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. You also might decide against this option if you visit the MFS site from work and others have access to your computer. 05/01/23. 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. 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. Closed-End Fund . Other Not Rated includes fixed income securities which have not been rated by any rating agency. Beta is a measure of the volatility of a portfolio relative to the overall market. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. Leverage can cause increased volatility by magnifying gains or losses. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. Privacy Notice | . This website is a general communication and is provided for informational and/or educational purposes 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. Treynor Ratio: Treynor Ratio is a risk adjusted measure of 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. See the results of our collaborative approach for MFS' "All Star" portfolios. Full Holdings available approximately 25 days after month end. Ratings are shown in the S&P and Fitch scale (e.g., AAA). Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. MFS (Massachusetts Financial Services Company, the funds investment adviser) normally invests the funds assets primarily in municipal instruments. 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. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. 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. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. 1.62%. Index portfolios will tend to have values very close to 100. Excess returns are a portfolio's return minus the benchmark's annualized return. Before that, he was a research analyst in the municipal bond group at Franklin Templeton. The elimination of the charge begins six years after the end of the month in which shares were initially purchased. US Inflation Persists, Growth Revised Down, As of 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. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. To receive the distribution, an investor must be a shareholder of record on that date. 03/31/23. ): Maximum data displayed is for the most recent 10 years. 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. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Historical and current end-of-day data provided by FACTSET. (*YTD Updated 03/31/23. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Flyer showing MFS' annual rankings from Barron's since 2008. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. A variety of materials to help you prepare and file your taxes, including frequently asked questions, glossary of tax terms, tax preparation check list, phone numbers and contact information, instructions for ordering duplicate tax forms, and links to helpful Web sites. 2023 MFS Investment Management. . He was named portfolio manager in 1993. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Total Number of Holdings: He also participates in the research process and strategy discussions. If you are working in a public space, such as a library, you would not want to select this option. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. 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. Excess returns are a portfolio's return minus the benchmark's annualized return. She began her career in municipal finance at the New York City budget office. As of 04/30/23 , subject to revision and not annualized.). 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. See the results of our collaborative approach for MFS' "All Star" portfolios. Analyze the Fund MFS Municipal High Income Fund Class A having Symbol MMHYX for type mutual-funds and perform research on other mutual funds. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. 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. 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. 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. Elimination of these reductions will result in higher expenses and lower performance. 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. 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. Dividends are generally subject to state and local taxes. The interval between the announcement and the payment of the next dividend. Gross assets consist of the total net assets of the fund plus the amounts borrowed to create leverage. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. 04/27/23 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. View Overall Morningstar Ratings Information. Flyer showing MFS' annual rankings from Barron's since 2008. 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% Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. 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. Ex-Dividend Date is the date on which a fund goes ex-dividend. This site is intended for use by U.S. residents. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Index portfolios will tend to have values very close to 100. Learn more about mutual funds at fidelity.com. Non-accruing securities are treated as having a coupon equal to zero. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain 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. Form 5 - An annual statement of beneficial ownership of securities (to be filed, if necessary, on an annual basis). Ratings are shown in the S&P and Fitch scale (e.g., AAA). 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. 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. 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 see the prospectus for further information on these and other risk considerations. 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. Site navigation Fidelity.com Home Customer Service Profile All quotes are in local exchange time. M), (*YTD Updated 03/31/23. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. Create a list of the investments you want to track. Historical NAV may not be available for all dates. Net Assets The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. Without such subsidies and waivers the fund's performance results would be less favorable. The core principles of our approach are integrated research, global collaboration and active risk management. 03/31/23, 8.53% of total net assets | It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. These reductions will continue until at least05/31/24. Highlights the importance of diversification and striking the proper balance between stocks and bonds. These results represent the percent change in net asset value. Log in to see them here or sign up to get started. Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. Find major attractions on the south side of the Isre River. Receive email updates about best performers, news, CE accredited webcasts and more. The fund may at . MFS uses an active bottom-up investment approach to buying and selling investments for the fund. There are currently no items in this Watchlist. Capital gains distributions, if any, are taxable. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Morningstar ratings are based on risk adjusted performance. She is a member of the National Federation of Municipal Analysts and its Boston chapter. 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 market price may be lower or higher than the fund's net asset value. 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. Class I shares are available without a sales charge to eligible investors. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Close tooltip. (*YTD Updated R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. Have Watchlists? 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. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Cookie Notice (). MFS Municipal High Income Fund Class I. 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. Highlights the distinguishing characteristics of MFS municipal bonds. Ex-Dividend Date is the date on which a fund goes ex-dividend. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. The portfolio is actively managed, and current holdings may be different. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. 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. 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. These conditions may not be repeated in the future. Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. Lyon is France's third-largest city and a major tourist destination. 2023 MFS Investment Management. The interval between the announcement and the payment of the next dividend. The market value of the holding may differ. 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. Municipal Bond: Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund's assets primarily in municipal instruments. For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. 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. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Long-term Capital Gain In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. Previously, he worked as a research associate and municipal bond analyst for Columbia Management 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. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. Elimination of these reductions will result in higher expenses and lower performance. Portfolio characteristic data are based on unaudited net assets. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. ($ For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. 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. 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.

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