Interest from the funds investments may be subject to the federal alternative minimum tax. Without such subsidies and waivers the fund's performance results would be less favorable. Visit a quote page and your recently viewed tickers will be displayed here. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Congratulations on personalizing your experience. As of The fund may at . 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. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Michael joined MFS in 1998 and was named to his current role in 1999. 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. Information ratio is a measure of consistency in excess return. It uses a standard deviation and excess return. Capital gains distributions, if any, are taxable. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. 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. 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. US Inflation Persists, Growth Revised Down, As of All results are historical and assume the reinvestment of dividends and capital gains. This website is a general communication and is provided for informational and/or educational purposes only. The core principles of our approach are integrated research, global collaboration and active risk management. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. This piece shows annual returns for broad-based asset classes ranked from best to worst, and includes the growth of $100,000 for each asset class over two separate decades. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. MFS has been investing in municipal bonds since 1984. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Flyer showing MFS' annual rankings from Barron's since 2008. Duration, representing the fund's sensitivity to shifts in interest rate, does take this leverage effect into account in its calculation; Average Effective Maturity does not. -6.84%. Coupons are netted for securities with a payable and receivable leg. Visit Lyon. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. Change ($) (since Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a three-year history. The team employs a proprietary investment process to build better insights for our clients. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. 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. A calendar of forms and statements provided to shareholders by MFS. SCHLOUK is drinking a Beli'Ale by Brasserie Haarddrch. Past performance is no guarantee of future results. Benchmark: Bloomberg Municipal Bond Index. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Ex-Dividend Date is the date on which a fund goes ex-dividend. 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. 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. MFS Municipal High Income Fund Class A - Fidelity Investments 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. The interval between the announcement and the payment of the next dividend. This website is a general communication and is provided for informational and/or educational purposes only. The portfolio itself has not been rated by any rating agency. 8.53% of total net assets | Total Number of Holdings: 1939 The Payable Date is the date on which the distribution is paid to shareholders. Visit Grenoble: 2023 Travel Guide for Grenoble, Auvergne - Expedia If you are working in a public space, such as a library, you would not want to select this option. You also might decide against this option if you visit the MFS site from work and others have access to your computer. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund's assets primarily in municipal instruments. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. 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. 05/01/23. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. 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. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Bloomberg Municipal Bond Index measures the municipal bond market. The fund may not achieve its objective and/or you could lose money on your investment in the fund. 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. ): Change (%) (since Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. Subscriber Agreement & Terms of Use | Create a list of the investments you want to track. 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. As of 04/30/23 , subject to revision and not annualized.). 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. Shares of the funds involve investment risk, including possible loss of principal. 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. 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. 03/31/23, 8.53% of total net assets | She began her career in municipal finance at the New York City budget office. The portfolio itself has not been rated by any rating agency. These reductions will continue until at least05/31/24. MMHYX | MFS Municipal High Income Fund;A Overview | MarketWatch Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). U.S. Government includes securities issued by the U.S. Department of the Treasury. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Beta is a measure of the volatility of a portfolio relative to the overall market. Analyze the Fund MFS Municipal High Income Fund Class C having Symbol MMHCX for type mutual-funds and perform research on other mutual funds. He began his career in the financial services industry in 1995. 04/28/23 The team employs a proprietary investment process to build better insights for our clients. . (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of 04/27/23 In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Your use of this website indicates that you agree with the intended purpose. You can unsubscribe at any time. Golden State Tobacco Securitization Corp CA Txbl-Ref . Earned the Fruits of Your Labor (Level 58) badge! Visit a quote page and your recently viewed tickers will be displayed here. If you are working in a public space, such as a library, you would not want to select this option.
Just For Me Texturizer, Carl Bot Emoji Steal Command, Fixer To Fabulous Lake Cabin, King David Blood Type, Articles M