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MIMIX MFS Municipal Income I

  • Fund
  • MIMIX
  • Price as of: Dec 02, 2016
  • $8.50
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

MIMIX - Profile

Vitals

  • YTD Return -3.4%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $2.37 B
  • Holdings in Top 10 7.1%

52 WEEK LOW AND HIGH

$8.50
$8.50
$9.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.12%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MFS® Municipal Income Fund
  • Fund Family Name MFS
  • Inception Date Aug 01, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Geoffrey L. Schechter

MIMIX - Performance

Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.4% -6.1% 99.4% 37.72% 3
1 Yr 5.2% -7.6% 10.7% 11.83% 1
3 Yr 6.0% * -4.5% 7.6% 9.19% 1
5 Yr 5.3% * -1.7% 6.9% 11.17% 1
10 Yr 4.4% * -2.3% 5.3% 16.88% 1

* Annualized


Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -10.9% 2.6% 26.69% 3
2014 7.0% -2.2% 12.0% 10.65% 1
2013 -8.4% -11.9% 0.1% 65.02% 5
2012 6.3% -7.1% 10.2% 5.47% 1
2011 N/A -1.8% 15.2% N/A N/A

Total Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.4% -6.1% 99.4% 43.58% 4
1 Yr 5.2% -8.9% 10.0% 7.46% 1
3 Yr 6.0% * -5.4% 7.6% 6.59% 1
5 Yr 5.3% * -0.9% 6.9% 8.38% 1
10 Yr 4.4% * -2.3% 5.3% 13.25% 1

* Annualized


Total Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -9.7% 5.1% 40.71% 4
2014 7.0% -0.9% 17.0% 14.31% 1
2013 -8.4% -11.9% 2.1% 67.49% 5
2012 6.3% -0.6% 17.8% 10.93% 1
2011 N/A -1.1% 16.2% N/A N/A

NAV & Total Return History

MIMIX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

MIMIX Category Low Category High MIMIX % Rank Quintile
Net Assets 2.37 B 491 K 53 B 8.53% 2
Number of Holdings 1025 1 6199 3.06% 1
Net Assets in Top 10 167 M -179 M 1.27 B 12.74% 2
Weighting of Top 10 7.1% 0.0% 100.0% 31.45% 5

Top 10 Holdings

  1. Tobacco Settlement Fing Corp N Asse 4.5% 1.15%
  2. State Pub Sch Bldg Auth 5% 1.07%
  3. Liberty N Y Dev Corp Rev Rev Bds 5.25% 0.70%
  4. Mta Hudson Rail Yards Tr Obl Obligs R 5% 0.64%
  5. Massachusetts St Sch Bldg Auth 5% 0.64%
  6. California St Dept Wtr Res Cen Ctfs 0.60%
  7. Washington St For Issues Dtd P Mtr Ve 5% 0.59%
  8. Port Oakland Calif Rev Ref Rev B 5% 0.58%
  9. New Mexico Mun Engy Acquisit Ref Bds 5% 0.54%
  10. Puerto Rico Comwlth Hwy & Tran Tra 5.25% 0.53%

Asset Allocation

Weighting Category Low Category High MIMIX % Rank Quintile
Bonds
100.58% 0.00% 202.21% 0.48% 1
Other
0.00% -2.77% 27.54% 6.94% 3
Preferred Stocks
0.00% 0.00% 11.46% 1.45% 3
Stocks
0.00% 0.00% 1.40% 1.13% 3
Convertible Bonds
0.00% 0.00% 2.79% 0.81% 3
Cash
-0.58% -110.85% 100.00% 30.16% 5

Bond Sector Breakdown

Weighting Category Low Category High MIMIX % Rank Quintile
Municipal
100.32% 0.00% 140.62% 1.13% 1
Government
0.26% -42.63% 117.34% 5.65% 2
Securitized
0.00% 0.00% 41.81% 2.74% 3
Corporate
0.00% 0.00% 34.61% 4.35% 3
Derivative
0.00% -0.43% 4.79% 0.48% 3
Cash & Equivalents
-0.58% -110.85% 100.00% 30.32% 5

Bond Geographic Breakdown

Weighting Category Low Category High MIMIX % Rank Quintile
US
100.58% 0.00% 202.21% 0.48% 1
Non US
0.00% 0.00% 20.62% 0.81% 3

MIMIX - Expenses

Operational Fees

MIMIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.55% 0.10% 4.60% 21.26% 1
Management Fee 0.39% 0.00% 1.00% 3.22% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

MIMIX Fees (% of AUM) Category Low Category High MIMIX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

MIMIX Fees (% of AUM) Category Low Category High MIMIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MIMIX Fees (% of AUM) Category Low Category High MIMIX Rank Quintile
Turnover 22.00% 0.00% 783.51% 10.47% 3

MIMIX - Distributions

Dividend Yield Analysis

MIMIX Category Low Category High MIMIX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.86% 22.51% 2

Dividend Distribution Analysis

MIMIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MIMIX Category Low Category High MIMIX % Rank Quintile
Net Income Ratio 4.12% -0.60% 5.26% 2.42% 1

Capital Gain Distribution Analysis

MIMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Daily Annually

MIMIX - Managers

Geoffrey L. Schechter

Manager

Start Date

Mar 23, 2000

Tenure

16.62

Tenure Rank

2.7%

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. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. 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. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.


Jason R. Kosty

Manager

Start Date

Jul 29, 2015

Tenure

1.26

Tenure Rank

16.6%

Employed in the investment area of MFS since 2003


Tenure Analysis

Category Low

0.0

Category High

37.1

Category Average

7.32

Category Mode

4.8