Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
7.5%
1 yr return
17.0%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
0.4%
Net Assets
$4.24 B
Holdings in Top 10
12.1%
Expense Ratio 1.67%
Front Load N/A
Deferred Load 1.00%
Turnover 17.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
$250
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 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 up to 100% of the fund’s assets in below investment grade quality debt instruments.
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.
Period | MMHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.5% | -0.2% | 13.4% | 26.21% |
1 Yr | 17.0% | 3.4% | 24.0% | 42.72% |
3 Yr | -1.0%* | -7.8% | 3.4% | 76.12% |
5 Yr | 0.4%* | -4.8% | 3.9% | 84.69% |
10 Yr | 156.0%* | -0.1% | 156.1% | 0.78% |
* Annualized
Period | MMHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.5% | -6.2% | 7.5% | 80.58% |
2022 | -17.0% | -26.9% | -3.5% | 45.32% |
2021 | 2.2% | -1.9% | 5.6% | 42.50% |
2020 | -0.2% | -10.1% | 4.2% | 65.66% |
2019 | 5.4% | -0.7% | 9.1% | 40.10% |
Period | MMHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.5% | -0.2% | 13.4% | 26.21% |
1 Yr | 17.0% | 3.4% | 24.0% | 42.72% |
3 Yr | -1.0%* | -7.8% | 3.4% | 76.12% |
5 Yr | 0.4%* | -4.8% | 3.9% | 84.69% |
10 Yr | 156.0%* | -0.1% | 156.1% | 0.78% |
* Annualized
Period | MMHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | -4.1% | 10.9% | 72.82% |
2022 | -14.6% | -26.9% | 4.3% | 63.55% |
2021 | 4.5% | -1.9% | 10.0% | 71.00% |
2020 | 2.3% | -4.1% | 8.2% | 74.24% |
2019 | 1028633.9% | -0.7% | 1028633.9% | 0.52% |
MMHCX | Category Low | Category High | MMHCX % Rank | |
---|---|---|---|---|
Net Assets | 4.24 B | 9.79 K | 16.6 B | 22.55% |
Number of Holdings | 1724 | 1 | 3325 | 16.75% |
Net Assets in Top 10 | 529 M | -102 M | 3.51 B | 24.14% |
Weighting of Top 10 | 12.06% | 4.6% | 98.8% | 65.84% |
Weighting | Return Low | Return High | MMHCX % Rank | |
---|---|---|---|---|
Bonds | 95.88% | 0.00% | 146.69% | 79.61% |
Cash | 4.12% | -0.64% | 100.00% | 14.29% |
Stocks | 0.00% | 0.00% | 99.62% | 28.16% |
Preferred Stocks | 0.00% | -47.61% | 1.60% | 78.82% |
Other | 0.00% | -5.59% | 5.07% | 69.95% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 76.85% |
Weighting | Return Low | Return High | MMHCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | 93.65% |
Technology | 0.00% | 0.00% | 0.00% | 93.65% |
Real Estate | 0.00% | 0.00% | 0.00% | 93.65% |
Industrials | 0.00% | 0.00% | 4.78% | 95.24% |
Healthcare | 0.00% | 0.00% | 0.00% | 93.65% |
Financial Services | 0.00% | 0.00% | 0.00% | 93.65% |
Energy | 0.00% | 0.00% | 0.00% | 93.65% |
Communication Services | 0.00% | 0.00% | 0.00% | 93.65% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 93.65% |
Consumer Cyclical | 0.00% | 0.00% | 77.65% | 93.65% |
Basic Materials | 0.00% | 17.58% | 100.00% | 95.24% |
Weighting | Return Low | Return High | MMHCX % Rank | |
---|---|---|---|---|
US | 0.00% | 0.00% | 99.62% | 28.57% |
Non US | 0.00% | 0.00% | 0.00% | 76.85% |
Weighting | Return Low | Return High | MMHCX % Rank | |
---|---|---|---|---|
Municipal | 96.31% | 0.00% | 100.00% | 81.28% |
Cash & Equivalents | 3.59% | 0.00% | 100.00% | 11.82% |
Corporate | 0.49% | 0.00% | 2.83% | 29.06% |
Derivative | 0.00% | -7.53% | 2.16% | 67.00% |
Securitized | 0.00% | 0.00% | 22.44% | 77.34% |
Government | 0.00% | 0.00% | 0.09% | 77.34% |
Weighting | Return Low | Return High | MMHCX % Rank | |
---|---|---|---|---|
US | 95.88% | 0.00% | 139.84% | 76.35% |
Non US | 0.00% | 0.00% | 13.35% | 80.79% |
MMHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.67% | 0.22% | 3.44% | 20.00% |
Management Fee | 0.53% | 0.00% | 1.41% | 67.48% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.45% |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
MMHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 80.56% |
MMHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
MMHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 17.00% | 2.00% | 121.00% | 41.80% |
MMHCX | Category Low | Category High | MMHCX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.11% | 0.00% | 6.13% | 70.87% |
MMHCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
MMHCX | Category Low | Category High | MMHCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.95% | 1.11% | 5.70% | 94.17% |
MMHCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.020 | OrdinaryDividend |
Aug 30, 2024 | $0.020 | OrdinaryDividend |
Jul 31, 2024 | $0.021 | OrdinaryDividend |
Apr 30, 2024 | $0.020 | OrdinaryDividend |
Mar 28, 2024 | $0.021 | OrdinaryDividend |
Mar 01, 2024 | $0.020 | OrdinaryDividend |
Feb 01, 2024 | $0.022 | OrdinaryDividend |
Dec 28, 2023 | $0.021 | OrdinaryDividend |
Nov 30, 2023 | $0.021 | OrdinaryDividend |
Oct 31, 2023 | $0.021 | OrdinaryDividend |
Sep 29, 2023 | $0.021 | OrdinaryDividend |
Aug 31, 2023 | $0.022 | OrdinaryDividend |
Jul 31, 2023 | $0.022 | OrdinaryDividend |
Jun 30, 2023 | $0.021 | OrdinaryDividend |
May 31, 2023 | $0.021 | OrdinaryDividend |
Apr 28, 2023 | $0.019 | OrdinaryDividend |
Mar 31, 2023 | $0.020 | OrdinaryDividend |
Feb 28, 2023 | $0.017 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.019 | OrdinaryDividend |
Sep 30, 2022 | $0.018 | OrdinaryDividend |
Aug 31, 2022 | $0.019 | OrdinaryDividend |
Jul 29, 2022 | $0.017 | OrdinaryDividend |
Jun 30, 2022 | $0.018 | OrdinaryDividend |
May 31, 2022 | $0.019 | OrdinaryDividend |
Apr 29, 2022 | $0.017 | OrdinaryDividend |
Mar 31, 2022 | $0.017 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.013 | OrdinaryDividend |
Dec 31, 2021 | $0.013 | OrdinaryDividend |
Nov 30, 2021 | $0.013 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.013 | OrdinaryDividend |
Aug 31, 2021 | $0.014 | OrdinaryDividend |
Jul 30, 2021 | $0.015 | OrdinaryDividend |
Jun 30, 2021 | $0.014 | OrdinaryDividend |
May 28, 2021 | $0.015 | OrdinaryDividend |
Apr 30, 2021 | $0.015 | OrdinaryDividend |
Mar 31, 2021 | $0.015 | OrdinaryDividend |
Feb 26, 2021 | $0.014 | OrdinaryDividend |
Jan 29, 2021 | $0.016 | OrdinaryDividend |
Dec 31, 2020 | $0.018 | OrdinaryDividend |
Nov 30, 2020 | $0.018 | OrdinaryDividend |
Oct 30, 2020 | $0.018 | OrdinaryDividend |
Sep 30, 2020 | $0.018 | OrdinaryDividend |
Aug 31, 2020 | $0.019 | OrdinaryDividend |
Jul 31, 2020 | $0.020 | OrdinaryDividend |
Jun 30, 2020 | $0.018 | OrdinaryDividend |
May 29, 2020 | $0.020 | OrdinaryDividend |
Apr 30, 2020 | $0.019 | OrdinaryDividend |
Mar 31, 2020 | $0.020 | OrdinaryDividend |
Feb 28, 2020 | $0.016 | OrdinaryDividend |
Dec 31, 2019 | $0.000 | OrdinaryDividend |
Nov 29, 2019 | $0.000 | OrdinaryDividend |
Oct 31, 2019 | $0.000 | OrdinaryDividend |
Sep 30, 2019 | $82,004.000 | OrdinaryDividend |
Aug 30, 2019 | $0.000 | OrdinaryDividend |
Jul 31, 2019 | $0.000 | OrdinaryDividend |
Jun 28, 2019 | $0.018 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 23, 2002
19.78
19.8%
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.
Start Date
Tenure
Tenure Rank
Apr 01, 2006
16.18
16.2%
Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. He joined MFS in 2002 as a municipal fixed income research analyst. Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group. 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. Gary earned a Bachelor of Arts degree from the University of California and a Master of Business Administration degree from the University of Chicago. 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.
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003.
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Employed in the investment area of MFS since 2015
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.5 | 2.52 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...