The portfolio itself has not been rated by any rating agency. a day ago View Detailed Check-in. 05/01/23. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. 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. 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. INRAE center Clermont-Auvergne-Rhne-Alpes U.S. Government includes securities issued by the U.S. Department of the Treasury. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). The larger the portfolio's standard deviation, the greater the portfolio's volatility. Fact Sheets are available approximately 15 days after month end. 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. 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 characteristic data are based on unaudited net assets. 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. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Change ($) (since Morningstar Overall Rating As of 02/28/23 Class B Shares. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market. Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Have Watchlists? A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. The Record Date is the date on which a fund declares a distribution. The portfolio itself has not been rated by any rating agency. Change ($) (since 04/28/23 As of The larger the portfolio's standard deviation, the greater the portfolio's volatility. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. 8.53% of total net assets | Total Number of Holdings: 1939 The market value of the holding may differ. To the extent that investments are purchased through the use of leverage, the fund's net asset value will increase or decrease at a greater rate than a comparable unleveraged fund. Daily, Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. 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. Tracking error is the standard deviation of a portfolio's excess returns. Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Leverage can cause increased volatility by magnifying gains or losses. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). A calendar of forms and statements provided to shareholders by MFS. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Ex-Dividend Date is the date on which a fund goes ex-dividend. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! Intraday Data provided by FACTSET and subject to terms of use. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. As of 04/30/23 , subject to revision and not annualized.). 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. Copyright 2023 MarketWatch, Inc. All rights reserved. The portfolio is actively managed, and current holdings may be different. Seeks high current income exempt from federal income tax, but may also consider capital appreciation. 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. Global Recent Activity. 14.38% of total net assets | Total Number of Holdings: 900 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. Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. 2023 MFS Investment Management. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. This version includes Municipal Intermediate Fund. Your use of this website indicates that you agree with the intended purpose. Shares of the funds involve investment risk, including possible loss of principal. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. MFS Municipal High Income Fund Class I - Fidelity Investments 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. Michael joined MFS in 1998 and was named to his current role in 1999. 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. He also participates in the research process and strategy discussions. 2023 MFS Investment Management. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. PDF 2022 INCOME EARNED BY STATE INFORMATION - columbiathreadneedleus.com 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. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). The portfolio is actively managed, and current holdings may be different. Brasserie Haarddrch - Champis, Auvergne-Rhne-Alpes - Untappd All ratings are subject to change. Privacy Notice | Subscriber Agreement & Terms of Use | He also participates in the research process and strategy discussions. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Therefore, the portfolio's value may decline during rising rates. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Past performance is no guarantee of future results. This website is a general communication and is provided for informational and/or educational purposes only. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. These reductions will continue until at least05/31/24. 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. 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. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. The fund has benefitted from the experience, continuity and stability of the investment team and accessing our integrated global investment platform, Portfolio management-driven approach to risk budgeting; quantitative tools help analyze market risk; and, an experienced analyst team focuses on idiosyncratic risk, Risk-aware approach with a focus on consistent long-term outperformance. 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. Something went wrong while loading Watchlist. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. Closed-End Fund . The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. Tax Center | DWS The Record Date is the date on which a fund declares a distribution. 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% ): Maximum data displayed is for the most recent 10 years. Without such subsidies and waivers the fund's performance results would be less favorable. Receive email updates about best performers, news, CE accredited webcasts and more. Please see the prospectus for further information on these and other risk considerations. Congratulations on personalizing your experience. You also might decide against this option if you visit the MFS site from work and others have access to your computer. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. The core principles of our approach are integrated research, global collaboration and active risk management. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. The Record Date is the date on which a fund declares a distribution. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Beta is a measure of the volatility of a portfolio relative to the overall market. 04/27/23 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. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. The data depicted here showing a breakdown of fund characteristics as a percentage of assets are calculated based on the total gross assets of the fund. 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. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Register MFS Access For Shareholders Only Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Dividends are generally subject to state and local taxes. 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. an hour ago View Detailed Check-in. Bloomberg Municipal Bond Index measures the municipal bond market. Flyer showing MFS' annual rankings from Barron's since 2008. These reductions will continue until at least05/31/24. The weighted average yield-to-worst of all portfolio holdings. Rankings of other share classes may vary. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Therefore, the portfolio's value may decline during rising rates. Municipal Bond: Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions. The amount of distributions may vary depending on a number of factors. M). Learn more about mutual funds at fidelity.com. The team employs a proprietary investment process to build better insights for our clients. MFS may invest 25% or more of the fund's total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers. If you are not a U.S. resident, please visit Other MFS Sites. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. Create a list of the investments you want to track. Historical MP may not be available for all dates. 03/31/23, 8.53% of total net assets | 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. R squared is not a measure of performance. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. 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. The core principles of our approach are integrated research, global collaboration and active risk management. The weighted average yield-to-worst of all portfolio holdings. Tagged Friends. 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. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted. Full and Historical Holdings.
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