mfs municipal high income fund state tax information 2020
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. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. For more complete information about each closed-end fund, including risks, charges, and expenses, please see the fund's annual and semiannual shareholder report or contact your financial adviser. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. 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. The team employs a proprietary investment process to build better insights for our clients. Performance data shown represents past performance and is no guarantee of future results. Past performance is no guarantee of future results. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. 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. 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 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. This site is intended for use by U.S. residents. Portfolio characteristic data are based on unaudited net assets. As of 8.53% of total net assets | Total Number of Holdings: 1939 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. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. This version includes Municipal Intermediate Fund. 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. 04/28/23 Morningstar ratings are based on risk adjusted performance. Cookie Notice (). Get Started Here. The portfolio is actively managed, and current holdings may be different. MFS may invest up to 100% of the funds assets in below investment grade quality debt instruments. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain 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. Ratings are shown in the S&P and Fitch scale (e.g., AAA). R squared is not a measure of performance. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. 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. 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. Login to MFS.com For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only User Name : Password : Remember me Forgot your password? Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. 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 Fund invests, under normal market conditions, at least 80 . 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. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. 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. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. 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. As of The market value of the holding may differ. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. 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. Ex-Dividend Date is the date on which a fund goes ex-dividend. If you are working in a public space, such as a library, you would not want to select this option. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. 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. Flyer showing MFS' annual rankings from Barron's since 2008. 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. 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. The fund may not achieve its objective and/or you could lose money on your investment in the fund. 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. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Quantitative screening tools that systematically evaluate instruments may also be considered. The market value of the holding may differ. 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. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). 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. Flyer showing MFS' annual rankings from Barron's since 2008. The larger the portfolio's standard deviation, the greater the portfolio's volatility. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? 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. Shares of the funds involve investment risk, including possible loss of principal. Gross assets consist of the total net assets of the fund plus the amounts borrowed to create leverage. Please see the prospectus for further information on these and other risk considerations. She previously worked for Eaton Vance Management for seven years. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. She began her career in municipal finance at the New York City budget office. 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. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. 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. 8.53% of total net assets | Total Number of Holdings: 1939 For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. Bloomberg Municipal Bond Index measures the municipal bond market. Therefore, the portfolio's value may decline during rising rates. 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. This website is a general communication and is provided for informational and/or educational purposes only. These results represent the percent change in net asset value. This browser is no longer supported at MarketWatch. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. The portfolio itself has not been rated by any rating agency. 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. As of Shares of closed-end funds frequently trade at a discount or premium to their net asset value. As of 04/30/23 , subject to revision and not annualized.). 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. This site is intended for use by U.S. residents. The MFS MMHBX Municipal High Income Fund summary. He also participates in the research process and strategy discussions. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. 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. 05/01/23. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Ex-Dividend Date is the date on which a fund goes ex-dividend. Close tooltip. Portfolio characteristic data are based on unaudited net assets. 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. 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. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Tracking error is the standard deviation of a portfolio's excess returns. . 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. 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. Alpha is a measure of the portfolio's risk-adjusted performance. Benchmark: Bloomberg Municipal Bond Index. Portfolio information is subject to change due to active management. Despite its mountain location, Grenoble is a low-lying city. 03/31/23. He also participates in the research process and strategy discussions. 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. 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. ): Change (%) (since 03/31/23, 8.53% of total net assets | It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. 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. Performance data shown represents past performance and is no guarantee of future results. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. 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. He began his career in the financial services industry in 1995. 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. 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. Login PRODUCTS & STRATEGIES Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. 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% M). 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. All ratings are subject to change. Report of Organizational Actions Affecting Basis of Securities. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. 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. Elimination of these reductions will result in higher expenses and lower performance. MFS has been investing in municipal bonds since 1984. It uses a standard deviation and excess return. There are currently no items in this Watchlist. Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003. MFS Municipal High Income Fund Class I. Ratings are shown in the S&P and Fitch scale (e.g., AAA). 03/31/23, 14.38% of total net assets | MFS may invest a significant percentage of the funds assets in issuers in a single state, territory, or possession, or a small number of states, territories, or possessions. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. See the results of our collaborative approach for MFS' "All Star" portfolios. The team employs a proprietary investment process to build better insights for our clients. Subscriber Agreement & Terms of Use | Michael joined MFS in 1998 and was named to his current role in 1999. Copyright 2023 MarketWatch, Inc. All rights reserved. 05/01/23. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. MFS uses an active bottom-up investment approach to buying and selling investments for the 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. Something went wrong while loading Watchlist. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. 04/28/23 Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. Other Not Rated includes other fixed income securities not rated by any rating agency. 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. These results represent the percent change in net asset value. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Create a list of the investments you want to track. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of US Inflation Persists, Growth Revised Down, As of 04/28/23 The fund may at . Fact Sheets are available approximately 15 days after month end. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. Fact Sheets are available approximately 15 days after month end. He also participates in the research process and strategy discussions. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. 2023 Massachusetts Financial Services Company. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Long-term Capital Gain For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. Information ratio is a measure of consistency in excess return. Change ($) (since 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. The portfolio is actively managed, and current holdings may be different. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Change ($) (since 04/27/23 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.
