Gross assets consist of the total net assets of the fund plus the amounts borrowed to create leverage. 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. Log in to see them here or sign up to get started. Therefore, the portfolio's value may decline during rising rates. Tracking error is the standard deviation of a portfolio's excess returns. The SEC yield is higher than the distribution yield in part due to unusual market conditions. This site is intended for use by U.S. residents. 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. Its flat streets are ideal for exploring on foot. This website is a general communication and is provided for informational and/or educational purposes only. R squared is not a measure of performance. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Intraday Data provided by FACTSET and subject to terms of use. He began his career in the financial services industry in 1995. M). Index portfolios will tend to have values very close to 100. Net Assets Visit Lyon. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted. . 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. Morningstar Overall Rating As of 02/28/23 Class B Shares. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. There are currently no items in this Watchlist. Receive email updates about best performers, news, CE accredited webcasts and more. 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. 03/31/23. The amount of distributions may vary depending on a number of factors. 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. The weighted average yield-to-worst of all portfolio holdings. 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. 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 closed-end funds frequently trade at a discount or premium to their net asset value. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Non-accruing securities are treated as having a coupon equal to zero. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. 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. While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Historical NAV may not be available for all dates. 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. Portfolio characteristic data are based on unaudited net assets. MFS Municipal High Income Fund;C Watch list Last Updated: Mar 13, 2023 $ 7.28 0.02 0.28% Previous Close $7.26 Advanced Charting 6.87 52 Week Range 8.13 Partner Center Your Watchlists Customize. The contents of this form are subject to the MutualFunds.com The Centre is part of a particularly dynamic ecosystem, within the second French . The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The team employs a proprietary investment process to build better insights for our clients. ($ Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. Learn more about mutual funds at fidelity.com. 03/31/23, Explore resources to help educate on investing basics. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. As of -0.75%. 05/01/23. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. . 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. All ratings are subject to change. 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. She is a member of the National Federation of Municipal Analysts and its Boston chapter. 2022 Tax Guide A resource to help you prepare your state and federal tax returns including information on how mutual fund distributions are taxed and a list of all the tax forms DWS provides. 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. 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. 04/28/23 To receive the distribution, an investor must be a shareholder of record on that date. 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. If you are not a U.S. resident, please visit Other MFS Sites. If you are working in a public space, such as a library, you would not want to select this option. It uses a standard deviation and excess return. Tagged Friends. Purchased at Lyon Bire Festival #6 (2023) Taster. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. The portfolio is actively managed, and current holdings may be different. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. 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. U.S. Government includes securities issued by the U.S. Department of the Treasury. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). The Payable Date is the date on which the distribution is paid to shareholders. 04/27/23 Long-term Capital Gain 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. A high relative ranking does not always mean the fund achieved a positive return during the period. 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. 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. 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. 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. Class B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. All results are historical and assume the reinvestment of dividends and capital gains. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps. Morningstar ratings are based on risk adjusted performance. Therefore, the portfolio's value may decline during rising rates. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Performance data shown represents past performance and is no guarantee of future results. 1.62%. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Information on U.S. Government obligations, tax-exempt income by state, foreign income, AMT, and more. 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. Have Watchlists? 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). Full and Historical Holdings. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. 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. Performance data shown represents past performance and is no guarantee of future results. 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. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. Employed in the investment area of MFS since 2015. 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. 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. 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 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. Subscriber Agreement & Terms of Use | M), (*YTD Updated MFS has been investing in municipal bonds since 1984. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Please consult your tax advisor for further information. 05/01/23. Congratulations on personalizing your experience. ): Change (%) (since A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. 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. Highlights the importance of diversification and striking the proper balance between stocks and bonds. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. 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. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. 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. 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. 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). 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. Lyon is France's third-largest city and a major tourist destination. Privacy Notice | You also might decide against this option if you visit the MFS site from work and others have access to your computer. 14.38% of total net assets | Total Number of Holdings: 900 Information ratio is a measure of consistency in excess return. You also might decide against this option if you visit the MFS site from work and others have access to your computer. If you are working in a public space, such as a library, you would not want to select this option. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. 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. Historical MP may not be available for all dates. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets Create a list of the investments you want to track. This site is intended for use by U.S. residents. 8.53% of total net assets | Total Number of Holdings: 1939 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. 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. 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. 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. This version includes Municipal Intermediate Fund. 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.
