mfs municipal high income fund state tax information 2020 mfs municipal high income fund state tax information 2020

Closed-end foreign tax letter . Alpha is a measure of the portfolio's risk-adjusted performance. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. 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. 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. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. 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. This website is a general communication and is provided for informational and/or educational purposes only. 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. The Payable Date is the date on which the distribution is paid to shareholders. This site is intended for use by U.S. residents. 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. Coupons are netted for securities with a payable and receivable leg. Total Number of Holdings: 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. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Highlights the importance of diversification and striking the proper balance between stocks and bonds. US Inflation Persists, Growth Revised Down, As of 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. The MFS closed-end funds are subject to the provisions of Section 16 of the Securities Exchange Act of 1934 by virtue of Section 30(h) of the Investment Company Act of 1940. The team employs a proprietary investment process to build better insights for our clients. Non-accruing securities are treated as having a coupon equal to zero. 04/28/23 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. The Fund invests, under normal market conditions, at least 80 . 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. Close tooltip. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. As of For the best MarketWatch.com experience, please update to a modern browser. Ratings are shown in the S&P and Fitch scale (e.g., AAA). 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. 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. Something went wrong while loading Watchlist. Other Not Rated includes other fixed income securities not rated by any rating agency. 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. 2023 MFS Investment Management. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. 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. Portfolio information is subject to change due to active management. This site is intended for use by U.S. residents. ): Maximum data displayed is for the most recent 10 years. Information you'll need to file your taxes, 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. 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. MFS Municipal High Income Fund;C Watch list Last Updated: Mar 13, 2023 $ 7.28 0.02 0.28% Previous Close $7.26 Advanced Charting 6.87 52 Week Range 8.13 Partner Center Your Watchlists Customize. Benchmark: Bloomberg Municipal Bond Index. 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. Historical NAV may not be available for all dates. Tracking error is the standard deviation of a portfolio's excess returns. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. He began his career in the financial services industry in 1995. -6.84%. Privacy Policy. MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Index portfolios will tend to have values very close to 100. 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. He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. 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. Please consult your tax advisor for further information. 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. Fact Sheets are available approximately 15 days after month end. 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. As of 04/30/23 , subject to revision and not annualized.). Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group. 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. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. You can unsubscribe at any time. The Record Date is the date on which a fund declares a distribution. The city sits at the confluence of the rivers Isre and Drac, encircled by the snow-covered Alps. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Full and Historical Holdings. 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. 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. For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. 03/31/23, Explore resources to help educate on investing basics. Visit a quote page and your recently viewed tickers will be displayed here. 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. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. It uses a standard deviation and excess return. 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. All quotes are in local exchange time. He also participates in the research process and strategy discussions. Quantitative screening tools that systematically evaluate instruments may also be considered. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. If you are working in a public space, such as a library, you would not want to select this option. Subscriber Agreement & Terms of Use | 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. 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. A high relative ranking does not always mean the fund achieved a positive return during the period. Historical and current end-of-day data provided by FACTSET. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). He was named portfolio manager in 1993.Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. There are currently no items in this Watchlist. 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. 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. 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. 14.38% of total net assets | Total Number of Holdings: 900 M). (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of The interval between the announcement and the payment of the next dividend. 03/31/23, 8.53% of total net assets | Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. 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. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market. Please note: The Section 16 Filing links for each MFS Closed-End Fund listed above connect you to the EDGAR database for the specific fund; you will leave www.mfs.com. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance. Log in to see them here or sign up to get started. These results represent the percent change in net asset value. Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. See the results of our collaborative approach for MFS' "All Star" portfolios. The market value of the holding may differ. Concentrated: The portfolio's performance could be more volatile than the performance of more diversified portfolios. shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. This website is a general communication and is provided for informational and/or educational purposes only. Elimination of these reductions will result in higher expenses and lower performance. The Payable Date is the date on which the distribution is paid to shareholders. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. 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. Daily, Portfolio characteristic data are based on unaudited net assets. Benchmark: Bloomberg Municipal Bond Index. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. (*YTD Updated The larger the portfolio's standard deviation, the greater the portfolio's volatility. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. The team employs a proprietary investment process to build better insights for our clients. The team employs a proprietary investment process to build better insights for our clients. Bloomberg Municipal Bond Index measures the municipal bond market. Ex-Dividend Date is the date on which a fund goes ex-dividend. Create a list of the investments you want to track. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. 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. Highlights the distinguishing characteristics of MFS municipal bonds. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Highlights the distinguishing characteristics of MFS municipal bonds. As of Portfolio characteristic data are based on unaudited net assets. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. A calendar of forms and statements provided to shareholders by MFS. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Performance data shown represents past performance and is no guarantee of future results. *California and Minnesota have investment threshold requirements in order for funds to pass through exempt income from state obligations. Bloomberg Municipal Bond Index measures the municipal bond market. Fact Sheets are available approximately 15 days after month end. Michael L. Dawson is an investment officer and fixed income portfolio manager of state municipal bond strategies at MFS Investment Management (MFS). MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. 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. Interest from the funds investments may be subject to the federal alternative minimum tax. He began his career in the financial services industry in 1995. , Retirement Strategy, Insight, Education and more , Fixed Income Strategy, Insight, Education and more . The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! You also might decide against this option if you visit the MFS site from work and others have access to your computer. . The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. (*YTD Updated Daily, Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Non-accruing securities are treated as having a coupon equal to zero. Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Learn more about mutual funds at fidelity.com. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. Historical MP may not be available for all dates. Copyright 2023 MarketWatch, Inc. All rights reserved. Consider the fund's investment objectives, risks, charges, and expenses, and otherwise read these documents carefully before you invest. To receive the distribution, an investor must be a shareholder of record on that date. Class I shares are available without a sales charge to eligible investors. Capital gains distributions, if any, are taxable. Closed-End Fund . MFS may invest up to 100% of the funds assets in below investment grade quality debt instruments. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. 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). The fund may not achieve its objective and/or you could lose money on your investment in the fund. Historical MP may not be available for all dates. As of 03/31/23 , subject to revision and not annualized.). Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps. 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. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of 900, 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, Explore resources to help educate on investing basics. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. Prior to joining the firm, he worked in institutional sales -- fixed income for Fidelity Capital Markets and Goldman Sachs. 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. . The contents of this form are subject to the MutualFunds.com MFS Municipal High Income Fund Class I. 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. For the best MarketWatch.com experience, please update to a modern browser. 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. 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. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. He joined MFS in 2002 as a municipal fixed income research analyst. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. Visit Place St. Andr, the heart of the city's historic quarter. View Overall Morningstar Ratings Information. Morningstar ratings are based on risk adjusted performance. Create a list of the investments you want to track. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. MMHYX - MFS Municipal High Income A - Review the MMHYX stock price, growth, performance, sustainability and more to help you make the best investments. Earned the Fruits of Your Labor (Level 58) badge! Concentrated:The portfolio's performance could be closely tied to the economic, political, and other conditions in the state and other states and U.S. territories and possessions in which the portfolio invests and could be more volatile than the performance of more geographically diversified portfolios. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). 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. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. Portfolio characteristic data are based on unaudited net assets. 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. Purchased at Lyon Bire Festival #6 (2023) Taster. Fact Sheets are available approximately 15 days after month end. 1. -0.75%. 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. Please consult your tax advisor for further information. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. The elimination of the charge begins six years after the end of the month in which shares were initially purchased. You also might decide against this option if you visit the MFS site from work and others have access to your computer. Other Not Rated includes fixed income securities which have not been rated by any rating agency. Without such subsidies and waivers the fund's performance results would be less favorable. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. 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 Fund invests, under normal market conditions, at least 80 . Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). He began his career in the financial services industry in 1995. These reductions will continue until at least05/31/24. It uses a standard deviation and excess return. Congratulations on personalizing your experience. Your use of this website indicates that you agree with the intended purpose. 1.62%. Full and Historical Holdings. There are currently no items in this Watchlist. 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. He also participates in the research process and strategy discussions. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of ): Maximum data displayed is for the most recent 10 years. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. ): Change $ (since Information ratio is a measure of consistency in excess return. The interval between the announcement and the payment of the next dividend. . Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. Morningstar Overall Rating As of 02/28/23 Class I Shares, Net Assets The market price may be lower or higher than the fund's net asset value. 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.