MIMIX: MFS Municipal Income Fund - MutualFunds.com

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MFS Municipal Income I

MIMIX - Snapshot

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.8%
  • Net Assets $5.12 B
  • Holdings in Top 10 5.2%

52 WEEK LOW AND HIGH

$9.02
$8.03
$9.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare MIMIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.79

-0.07%

$78.56 B

-

$0.00

2.21%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.81

+0.02%

$18.20 B

-

-

2.55%

-

MIMIX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Schechter

MIMIX - Performance

Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -6.7% 307.0% 82.54%
1 Yr 1.6% -5.4% 5.8% 77.48%
3 Yr 3.8%* -0.6% 8.2% 21.20%
5 Yr 3.8%* -0.3% 6.9% 14.35%
10 Yr 4.2%* -0.1% 8.1% 17.81%

* Annualized

Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -0.3% 15.4% 18.76%
2018 -2.2% -10.3% 97.2% 49.84%
2017 2.2% -100.0% 7.6% 28.57%
2016 -2.5% -7.9% 96.8% 35.53%
2015 -0.2% -4.8% 3.0% 50.81%

Total Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -6.7% 307.0% 82.54%
1 Yr 1.6% -8.3% 5.8% 50.86%
3 Yr 3.8%* -2.5% 8.2% 18.50%
5 Yr 3.8%* -1.5% 6.9% 12.61%
10 Yr 4.2%* -0.4% 8.1% 16.32%

* Annualized

Total Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -0.3% 15.4% 19.00%
2018 -2.2% -10.3% 11.0% 52.18%
2017 2.2% -100.0% 7.6% 33.45%
2016 -2.5% -7.9% 3.0% 40.47%
2015 -0.2% -4.8% 4.0% 55.70%

NAV & Total Return History


MIMIX - Holdings

Concentration Analysis

MIMIX Category Low Category High MIMIX % Rank
Net Assets 5.12 B 611 K 78.6 B 7.21%
Number of Holdings 1938 1 10805 2.87%
Net Assets in Top 10 274 M -199 M 3.97 B 14.24%
Weighting of Top 10 5.16% 2.5% 100.0% 97.51%

Top 10 Holdings

  1. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 0.68%
  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.68%
  3. PUERTO RICO COMWLTH 8% 0.60%
  4. MASSACHUSETTS ST 5% 0.55%
  5. STATE PUB SCH BLDG AUTH PA LEASE REV 5% 0.51%
  6. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 0.50%
  7. MONROE CNTY N Y INDL DEV CORP REV 4% 0.48%
  8. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.46%
  9. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 0.45%
  10. COLORADO EDL & CULTURAL FACS AUTH REV 5% 0.43%

Asset Allocation

Weighting Return Low Return High MIMIX % Rank
Bonds
99.15% 0.00% 147.66% 45.73%
Cash
0.86% -47.66% 100.00% 51.21%
Stocks
0.00% 0.00% 1.80% 88.64%
Preferred Stocks
0.00% -0.98% 1.07% 87.51%
Other
0.00% -1.46% 12.83% 87.39%
Convertible Bonds
0.00% 0.00% 1.64% 87.90%

Bond Sector Breakdown

Weighting Return Low Return High MIMIX % Rank
Municipal
98.84% 0.00% 100.00% 49.58%
Cash & Equivalents
0.86% 0.00% 100.00% 53.07%
Corporate
0.30% 0.00% 12.97% 4.61%
Derivative
0.00% 0.00% 2.16% 87.73%
Securitized
0.00% 0.00% 6.06% 88.35%
Government
0.00% 0.00% 49.72% 88.41%

Bond Geographic Breakdown

Weighting Return Low Return High MIMIX % Rank
US
93.63% 0.00% 141.34% 74.28%
Non US
5.52% 0.00% 27.62% 12.16%

MIMIX - Expenses

Operational Fees

MIMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.01% 4.23% 82.34%
Management Fee 0.37% 0.00% 1.10% 30.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

MIMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

MIMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 235.00% 57.40%

MIMIX - Distributions

Dividend Yield Analysis

MIMIX Category Low Category High MIMIX % Rank
Dividend Yield 0.00% 0.00% 3.55% 88.70%

Dividend Distribution Analysis

MIMIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MIMIX Category Low Category High MIMIX % Rank
Net Income Ratio 3.15% 0.00% 6.48% 14.00%

Capital Gain Distribution Analysis

MIMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

MIMIX - Fund Manager Analysis

Managers

Geoffrey Schechter


Start Date

Tenure

Tenure Rank

Mar 23, 2000

20.62

20.6%

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 Kosty


Start Date

Tenure

Tenure Rank

Jul 29, 2015

5.26

5.3%

Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84
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