Morningstar ratings are based on risk adjusted performance. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. MFS Announces Closed-End Fund Distributions The market price may be lower or higher than the fund's net asset value. The team employs a proprietary investment process to build better insights for our clients. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. trustees, certain officers and 10% shareholders of the Funds, and directors and certain officers of MFS): These forms contain information on the reporting person's relationship to the particular fund and on purchases and sales of such equity securities. 1.62%. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. Please consult your tax advisor for further information. The portfolio itself has not been rated by any rating agency. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. Leverage can cause increased volatility by magnifying gains or losses. He joined MFS in 2002 as a municipal fixed income research analyst. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Log in to see them here or sign up to get started. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. 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. Global Recent Activity. 05/01/23. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. The Payable Date is the date on which the distribution is paid to shareholders. Excess returns are a portfolio's return minus the benchmark's annualized return. 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. 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 Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. The Record Date is the date on which a fund declares a distribution. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. 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. Portfolio information is subject to change due to active management. 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. This website is a general communication and is provided for informational and/or educational purposes only. Change ($) (since Michael earned a Bachelor of Science degree in political science from Santa Clara University and a Master of Business Administration degree in finance from Babson College. Higher turnover means higher trading fees. 03/31/23, 14.38% of total net assets | All results are historical and assume the reinvestment of dividends and capital gains. As of Other Not Rated includes fixed income securities which have not been rated by any rating agency. Long-term Capital Gain In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Golden State Tobacco Securitization Corp CA Txbl-Ref . Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. 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. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. For the best MarketWatch.com experience, please update to a modern browser. 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 04/28/23 Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Intraday data delayed at least 15 minutes or per exchange requirements. 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. Net Assets Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. Your use of this website indicates that you agree with the intended purpose. He began his career in the financial services industry in 1995. These results represent the percent change in net asset value. This version includes Municipal Intermediate Fund. 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. Non-accruing securities are treated as having a coupon equal to zero. Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). 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). He also participates in the research process and strategy discussions. She began her career in municipal finance at the New York City budget office. 03/31/23, 8.53% of total net assets | Daily, Visit a quote page and your recently viewed tickers will be displayed here. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. View Overall Morningstar Ratings Information. Tracking error is the standard deviation of a portfolio's excess returns. 03/31/23, Explore resources to help educate on investing basics. Historical and current end-of-day data provided by FACTSET. See the results of our collaborative approach for MFS' "All Star" portfolios. 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 Payable Date is the date on which the distribution is paid to shareholders. Highlights the distinguishing characteristics of MFS municipal bonds. 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. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Have Watchlists? 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. The Record Date is the date on which a fund declares a distribution. 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. 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. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. The weighted average yield-to-worst of all portfolio holdings. The core principles of our approach are integrated research, global collaboration and active risk management. The portfolio itself has not been rated by any rating agency. 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. The weighted average yield-to-worst of all portfolio holdings. The interval between the announcement and the payment of the next dividend. Shares of the funds involve investment risk, including possible loss of principal. To receive the distribution, an investor must be a shareholder of record on that date. 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 interval between the announcement and the payment of the next dividend. 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. Index portfolios will tend to have values very close to 100. U.S. Government includes securities issued by the U.S. Department of the Treasury. 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. 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. Therefore, the portfolio's value may decline during rising rates. The Fund invests, under normal market conditions, at least 80 . ): Change (%) (since She is a member of the National Federation of Municipal Analysts and its Boston chapter. Subscriber Agreement & Terms of Use | In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. 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. Fact Sheets are available approximately 15 days after month end. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. 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. Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. Beta is a measure of the volatility of a portfolio relative to the overall market. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Analyze the Fund MFS Municipal High Income Fund Class C having Symbol MMHCX for type mutual-funds and perform research on other mutual funds. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. 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. The fund may not achieve its objective and/or you could lose money on your investment in the fund. This site is intended for use by U.S. residents. MFS Municipal High Income Fund Class I - Fidelity Investments Historical NAV may not be available for all dates. 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. 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.

11309132ac6407bb8dc Top Knot Turban Cultural Appropriation, Reteta Malai Cu Lapte Panemar, Dunfermline Fc Players Wages, Best Dehydrator For Gummies, Eileen Leigh Daughter Of Kate Leigh, Articles M