mfs municipal high income fund state tax information 2020

3.01%. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. As of 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. 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. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. Historical NAV may not be available for all dates. These results represent the percent change in net asset value. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund's assets primarily in municipal instruments. Coupons are netted for securities with a payable and receivable leg. R squared is not a measure of performance. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. 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. 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. View Overall Morningstar Ratings Information. 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. 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. 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. 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. . Information on U.S. Government obligations, tax-exempt income by state, foreign income, AMT, and more. These conditions may not be repeated in the future. 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. Bloomberg Municipal Bond Index measures the municipal bond market. Past performance is no guarantee of future results. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). For the best MarketWatch.com experience, please update to a modern browser. The team employs a proprietary investment process to build better insights for our clients. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). 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. 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. ($ Ex-Dividend Date is the date on which a fund goes ex-dividend. Please see the prospectus for further information on these and other risk considerations. The yield-to-worst is computed by using the lower of either yield-to-maturity or the yield-to-call on every possible call date. 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. (*YTD Updated 03/31/23, Explore resources to help educate on investing basics. 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. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. 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. Historical NAV may not be available for all dates. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Log in to see them here or sign up to get started. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. 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. Capital gains distributions, if any, are taxable. The SEC yield is higher than the distribution yield in part due to unusual market conditions. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. The Fund invests, under normal market conditions, at least 80 . The SEC yield is higher than the distribution yield in part due to unusual market conditions. Without such subsidies and waivers the fund's performance results would be less favorable. ): Change (%) (since It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. Past performance is no guarantee of future results. 8.53% of total net assets | Total Number of Holdings: 1939 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. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. INRAE center Clermont-Auvergne-Rhne-Alpes Congratulations on personalizing your experience. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Excess returns are a portfolio's return minus the benchmark's annualized return. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). ($ 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. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period. Non-accruing securities are treated as having a coupon equal to zero. MFS Municipal High Income Fund Class A - Fidelity Investments Portfolio characteristic data are based on unaudited net assets. For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. Close tooltip. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moodys, and Fitch respectively. The portfolio is actively managed, and current holdings may be different. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market.

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