mfs municipal high income fund state tax information 202030 Apr mfs municipal high income fund state tax information 2020
This piece shows annual returns for broad-based asset classes ranked from best to worst, and includes the growth of $100,000 for each asset class over two separate decades. ): Change (%) (since Historical and current end-of-day data provided by FACTSET. Information on the mandatory cost-basis requirements that are effective for mutual fund shares purchased after January 1, 2012. Form 5 - An annual statement of beneficial ownership of securities (to be filed, if necessary, on an annual basis). The team employs a proprietary investment process to build better insights for our clients. Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. Alpha is a measure of the portfolio's risk-adjusted performance. Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. Ratings are shown in the S&P and Fitch scale (e.g., AAA). The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. . A high relative ranking does not always mean the fund achieved a positive return during the period. Change ($) (since Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. MFS Municipal High Income Fund Class I. Please see the prospectus for further information on these and other risk considerations. Performance data shown represents past performance and is no guarantee of future results. 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. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). The MFS Tax Center page provides an overview of how mutual funds are taxed, details about MFS tax forms you receive, & tax return information. Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. Lyon is France's third-largest city and a major tourist destination. 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. MFS uses an active bottom-up investment approach to buying and selling investments for the fund. MFS has been investing in municipal bonds since 1984. 03/31/23, 8.53% of total net assets | If you are working in a public space, such as a library, you would not want to select this option. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Subscriber Agreement & Terms of Use | Ex-Dividend Date is the date on which a fund goes ex-dividend. 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. 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. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. Performance data shown represents past performance and is no guarantee of future results. Index portfolios will tend to have values very close to 100. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. Historical MP may not be available for all dates. 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. Full Holdings available approximately 25 days after month end. Your use of this website indicates that you agree with the intended purpose. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. 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. Have Watchlists? Megan earned a Bachelor of Arts degree from Holy Cross College and a Master of Public Administration degree from New York University. Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes. 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. These conditions may not be repeated in the future. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. 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. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. Highlights the distinguishing characteristics of MFS municipal bonds. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. Capital gains distributions, if any, are taxable. The SEC yield is higher than the distribution yield in part due to unusual market conditions. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Portfolio information is subject to change due to active management. Ratings are shown in the S&P and Fitch scale (e.g., AAA). Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. M). Shares of the funds involve investment risk, including possible loss of principal. 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. 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. Morningstar rankings do not take into account sales charges and are based on historical returns, which are not indicative of future results. Michael joined MFS in 1998 and was named to his current role in 1999. Closed-end funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). 1. For more complete information about each closed-end fund, including risks, charges, and expenses, please see the fund's annual and semiannual shareholder report or contact your financial adviser. The team employs a proprietary investment process to build better insights for our clients. 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. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. Find an overview of how mutual funds are taxed, details about the tax forms you receive from MFS, and instructions for using this information to complete your tax return. Excess returns are a portfolio's return minus the benchmark's annualized return. You also might decide against this option if you visit the MFS site from work and others have access to your computer. This browser is no longer supported at MarketWatch. Create a list of the investments you want to track. R squared is not a measure of performance. 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. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. 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. As of Long-term Capital Gain It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. To the extent that investments are purchased with the issuance of preferred shares, the fund's net asset value will increase or decrease at a greater rate than a comparable unleveraged fund. Dividends are generally subject to state and local taxes. 05/01/23. US Inflation Persists, Growth Revised Down, Explore resources to help educate on investing basics, New IRS Withholding Form for Retirement Plan Tax Withholding Elections (PDF), 2023 Dividend and Capital Gain Schedule (PDF). Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. 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. 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. The fund may at . Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. MFS registered investment products are offered through MFS Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199-7632. The Record Date is the date on which a fund declares a distribution. Portfolio characteristic data are based on unaudited net assets. Your use of this website indicates that you agree with the intended purpose. A calendar of forms and statements provided to shareholders by MFS. Highlights the importance of diversification and striking the proper balance between stocks and bonds. 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. See the results of our collaborative approach for MFS' "All Star" portfolios. She also spent five years with Financial Guaranty Insurance and two years at Moody's Investors Service. Long-term Capital Gain There are currently no items in this Watchlist. Megan joined MFS in 2015 as a fixed income analyst and was named director of research in 2017, adding portfolio management responsibilities in 2022. For the best MarketWatch.com experience, please update to a modern browser. 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. View Overall Morningstar Ratings Information. 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. The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. 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. This site is intended for use by U.S. residents. -0.75%. All ratings are subject to change. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? ): Maximum data displayed is for the most recent 10 years. Visit a quote page and your recently viewed tickers will be displayed here. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. 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. The core principles of our approach are integrated research, global collaboration and active risk management. 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. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 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. Regardless of what computer you are using, NOT clicking the box is the more secure choice for you to make. She co-manages several portfolios and leads a team of analysts focused on investing in US municipal debt. 04/28/23 Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Report of Organizational Actions Affecting Basis of Securities. The larger the portfolio's standard deviation, the greater the portfolio's volatility. Historical and current end-of-day data provided by FACTSET. 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. You also might decide against this option if you visit the MFS site from work and others have access to your computer. See the results of our collaborative approach for MFS' "All Star" portfolios. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. All results are historical and assume the reinvestment of dividends and capital gains. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds. 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. 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. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. You also might decide against this option if you visit the MFS site from work and others have access to your computer. The fund may not achieve its objective and/or you could lose money on your investment in the fund. Class I shares are available without a sales charge to eligible investors. Login PRODUCTS & STRATEGIES M). The Record Date is the date on which a fund declares a distribution. The market value of the holding may differ. 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. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. MFS may invest up to 100% of the funds assets in below investment grade quality debt instruments. Register MFS Access For Shareholders Only Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. Gross assets consist of the total net assets of the fund plus the amounts borrowed to create leverage. At the time of sale, shares may have a market price that is above or below net asset value, and may be worth more or less than the original cost; current performance may be lower or higher than quoted. Highlights the importance of diversification and striking the proper balance between stocks and bonds. Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market.
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