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. Non-accruing securities are treated as having a coupon equal to zero. 1.62%. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. 03/31/23, 8.53% of total net assets | 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. Without such subsidies and waivers the fund's performance results would be less favorable. Therefore, the portfolio's value may decline during rising rates. These conditions may not be repeated in the future. Class B shares ("B") results include the applicable contingent deferred sales charge (CDSC), which declines over six years from 4% to 0%. This site is intended for use by U.S. residents. Portfolio characteristic data are based on unaudited net assets. Form 5 - An annual statement of beneficial ownership of securities (to be filed, if necessary, on an annual basis). Portfolio characteristic data are based on unaudited net assets. PDF 2022 INCOME EARNED BY STATE INFORMATION - columbiathreadneedleus.com 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. MMHBX: Municipal High Income Fund | MFS Because many municipal instruments are issued to finance similar projects, conditions in certain industries can significantly affect the portfolio and the overall municipal market. He began his career in the financial services industry in 1995. Learn more about mutual funds at fidelity.com. ): Maximum data displayed is for the most recent 10 years. 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. . MFS (Massachusetts Financial Services Company, the funds investment adviser) normally invests the funds assets primarily in municipal instruments. 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. Tax Center - MFS Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. 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. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. 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. See the results of our collaborative approach for MFS' "All Star" portfolios. Long-term Capital Gain shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. Jason R. Kosty is an investment officer and fixed income portfolio manager of national municipal bond strategies at MFS Investment Management (MFS). Jason earned a Bachelor of Arts degree in economics from the University of Massachusetts and a Master of Business Administration degree from Duke University. Your use of this website indicates that you agree with the intended purpose. MMHCX - MFS Municipal High Income Fund Class C | Fidelity Investments Skip to Main Content. 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. Get Started Here. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23.
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