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. 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. Past performance is no guarantee of future results. 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. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 04/27/23 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. ): Maximum data displayed is for the most recent 10 years. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. All quotes are in local exchange time. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. All results are historical and assume the reinvestment of dividends and capital gains. Information on the mandatory cost-basis requirements that are effective for mutual fund shares purchased after January 1, 2012. The MFS MMHBX Municipal High Income Fund summary. 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. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Coupons are netted for securities with a payable and receivable leg. Ex-Dividend Date is the date on which a fund goes ex-dividend. Change ($) (since MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund's assets primarily in municipal instruments. As of Fact Sheets are available approximately 15 days after month end. Market Price: The market price of common shares of the fund will be based on factors such as the supply and demand for common shares in the market and general market, economic, political or regulatory conditions. For all securities other than those described below, ratings are assigned utilizing ratings from Moodys, Fitch, and Standard & Poors and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. Your use of this website indicates that you agree with the intended purpose. Without such subsidies and waivers the fund's performance results would be less favorable. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Change ($) (since SCHLOUK is drinking a Beli'Ale by Brasserie Haarddrch. Whether shareholders will realize gains or losses upon the sale of common shares of the fund will depend on the market price of common shares at the time of the sale, not on the fund's net asset value. Anais Favre is drinking a Betray'Ale by Brasserie Haarddrch. Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Closed-end foreign tax letter . Net Assets Fact Sheets are available approximately 15 days after month end. Full and Historical Holdings. 2023 Massachusetts Financial Services Company. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Index portfolios will tend to have values very close to 100. 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. At the time of sale, shares may have a market price that is above or below net asset value, and may be worth more or less than the original cost; current performance may be lower or higher than quoted. 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. As of 03/31/23 , subject to revision and not annualized.). 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. The fund may at . 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. Have Watchlists? ): Change $ (since Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). 8.53% of total net assets | Total Number of Holdings: 1939 ): Change (%) (since ($ The larger the portfolio's standard deviation, the greater the portfolio's volatility. These reductions will continue until at least05/31/24. Total Number of Holdings: Long-term Capital Gain Leverage can cause increased volatility by magnifying gains or losses. Highlights the distinguishing characteristics of MFS municipal bonds. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market. 04/28/23 He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. -6.84%. Daily, Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. 05/01/23. He also participates in the research process and strategy discussions. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. She is a member of the National Federation of Municipal Analysts and its Boston chapter. -0.75%. M), (*YTD Updated 04/27/23 In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. Bloomberg Municipal Bond Index measures the municipal bond market. Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%, Biden invites congressional leaders to discuss debt limit at White House on May 9, DeSantis-appointed board sues Disney in latest tug-of-war in Florida, IBM expects to pause hiring for thousands of jobs that can be done by AI: report, Vice may file for bankruptcy in the coming weeks: report, The number of gig workers murdered on the job hits highest level since 2017, report says, Lawmakers call on SEC to assess Sheins supply chain before allowing IPO, NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view. He also participates in the research process and strategy discussions. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Therefore, the portfolio's value may decline during rising rates. 03/31/23, 8.53% of total net assets | Please consult your tax advisor for further information. 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. 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. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. 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. 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. He also participates in the research process and strategy discussions. MFS uses an active bottom-up investment approach to buying and selling investments for the 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. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. The Record Date is the date on which a fund declares a distribution. It uses a standard deviation and excess return. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. The portfolio is actively managed, and current holdings may be different. Visit a quote page and your recently viewed tickers will be displayed here. 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. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Ratings are shown in the S&P and Fitch scale (e.g., AAA). For all securities other than those specifically described below, ratings are assigned to underlying securities utilizing ratings from Moody's, Fitch, and Standard & Poor's rating agencies and applying the following hierarchy: If all three agencies provide a rating, the middle rating (after dropping the highest and lowest ratings) is assigned; if two of the three agencies rate a security, the lower of the two is assigned. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. 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 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. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. 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. 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. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. Your use of this website indicates that you agree with the intended purpose. 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. This browser is no longer supported at MarketWatch. (Source: Barron's Dictionary of Finance and Investment Terms), Short-term Capital Gain 05/01/23. The Payable Date is the date on which the distribution is paid to shareholders. 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. Other Not Rated includes other fixed income securities not rated by any rating agency. 04/28/23 He began his career in the financial services industry in 1995. 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.