Continue to site >
Trending ETFs

MFS Municipal Income Fund

mutual fund
MFIAX
Payout Change
Pending
Price as of:
$8.37 -0.03 -0.36%
primary theme
Municipal Bond
MFIAX (Mutual Fund)

MFS Municipal Income Fund

Payout Change
Pending
Price as of:
$8.37 -0.03 -0.36%
primary theme
Municipal Bond
MFIAX (Mutual Fund)

MFS Municipal Income Fund

Payout Change
Pending
Price as of:
$8.37 -0.03 -0.36%
primary theme
Municipal Bond

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.37

$5.11 B

3.43%

$0.29

0.77%

Vitals

YTD Return

4.5%

1 yr return

14.0%

3 Yr Avg Return

0.0%

5 Yr Avg Return

1.1%

Net Assets

$5.11 B

Holdings in Top 10

5.4%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.37

$5.11 B

3.43%

$0.29

0.77%

MFIAX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    MFS Municipal Income Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Mar 29, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Geoffrey Schechter

Fund Description

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. Interest from the fund’s investments may be subject to the federal alternative minimum tax.

MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund’s assets primarily in municipal instruments.

MFS primarily invests the fund’s assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.

MFS may invest 25% or more of the fund’s total assets in municipal instruments that finance similar types of projects, such as those relating to education, healthcare, housing, utilities, water, or sewers.

MFS may invest a significant percentage of the fund's assets in issuers in a single state, territory, or possession, or a small number of states, territories, or possessions.

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. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps.

MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.

For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.

Read More

MFIAX - Performance

Return Ranking - Trailing

Period MFIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -1.5% 25.1% 9.22%
1 Yr 14.0% 2.6% 38.2% 10.09%
3 Yr 0.0%* -9.7% 3.5% 44.77%
5 Yr 1.1%* -6.6% 1104.9% 32.17%
10 Yr 2.5%* -0.8% 248.9% 14.43%

* Annualized

Return Ranking - Calendar

Period MFIAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -1.4% 41.0% 30.54%
2022 -13.4% -39.7% 0.3% 76.65%
2021 0.8% -5.6% 6.9% 11.48%
2020 1.3% -2.6% 310.0% 68.13%
2019 4.9% 0.0% 26.0% 15.49%

Total Return Ranking - Trailing

Period MFIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -1.5% 25.1% 9.22%
1 Yr 14.0% 2.6% 38.2% 10.09%
3 Yr 0.0%* -9.7% 3.5% 44.77%
5 Yr 1.1%* -6.6% 1104.9% 32.17%
10 Yr 2.5%* -0.8% 248.9% 14.43%

* Annualized

Total Return Ranking - Calendar

Period MFIAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -1.3% 41.0% 18.63%
2022 -10.9% -39.7% 1.1% 73.75%
2021 3.2% -4.8% 23761504.0% 13.93%
2020 4.1% -1.5% 17057.9% 39.93%
2019 6.9% 0.2% 3514.6% 38.97%

NAV & Total Return History


MFIAX - Holdings

Concentration Analysis

MFIAX Category Low Category High MFIAX % Rank
Net Assets 5.11 B 3.22 M 71.9 B 5.71%
Number of Holdings 1999 4 13418 3.32%
Net Assets in Top 10 283 M -317 M 3.45 B 13.34%
Weighting of Top 10 5.41% 1.9% 100.1% 96.55%

Top 10 Holdings

  1. Texas Municipal Gas Acquisition Supply Corp. IV, Series 2023B 0.64%
  2. MFS Institutional Money Market Portfolio, Class A 0.63%
  3. North Carolina Turnpike Authority, Series A 0.58%
  4. New York Transportation Development Corp., Series 2023 0.58%
  5. New Hampshire Business Finance Authority, Series 2023A 0.55%
  6. California Community Choice Financing Authority 0.53%
  7. Buckeye Tobacco Settlement Financing Authority 0.51%
  8. Black Belt Energy Gas District, Series 2023C 0.49%
  9. Puerto Rico Sales Tax Financing Corp. Sales Tax 0.46%
  10. New York Liberty Development Corp. 0.44%

Asset Allocation

Weighting Return Low Return High MFIAX % Rank
Bonds
98.05% 0.00% 150.86% 69.96%
Cash
1.95% -50.86% 43.45% 28.33%
Stocks
0.00% 0.00% 99.89% 82.10%
Preferred Stocks
0.00% 0.00% 0.08% 78.63%
Other
0.00% -3.72% 51.88% 74.98%
Convertible Bonds
0.00% 0.00% 0.93% 78.41%

Bond Sector Breakdown

Weighting Return Low Return High MFIAX % Rank
Municipal
96.14% 44.39% 100.00% 73.08%
Cash & Equivalents
0.63% 0.00% 43.45% 33.71%
Corporate
0.40% 0.00% 9.41% 6.66%
Derivative
0.00% -3.72% 51.88% 72.20%
Securitized
0.00% 0.00% 5.93% 78.75%
Government
0.00% 0.00% 52.02% 80.68%

Bond Geographic Breakdown

Weighting Return Low Return High MFIAX % Rank
US
98.05% 0.00% 142.23% 67.35%
Non US
0.00% 0.00% 23.89% 78.50%

MFIAX - Expenses

Operational Fees

MFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 8.02% 46.35%
Management Fee 0.37% 0.00% 1.20% 32.56%
12b-1 Fee 0.25% 0.00% 1.00% 58.44%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

MFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.50% 4.75% 22.06%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

MFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MFIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 283.00% 73.47%

MFIAX - Distributions

Dividend Yield Analysis

MFIAX Category Low Category High MFIAX % Rank
Dividend Yield 3.43% 0.00% 14.51% 17.57%

Dividend Distribution Analysis

MFIAX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

MFIAX Category Low Category High MFIAX % Rank
Net Income Ratio 2.16% -0.53% 5.33% 38.68%

Capital Gain Distribution Analysis

MFIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MFIAX - Fund Manager Analysis

Managers

Geoffrey Schechter


Start Date

Tenure

Tenure Rank

Mar 23, 2000

22.2

22.2%

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. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. 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. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.

Jason Kosty


Start Date

Tenure

Tenure Rank

Jul 29, 2015

6.84

6.8%

Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003.

Megan Poplowski


Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Employed in the investment area of MFS since 2015

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58