MIMIX: MFS Municipal Income I

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

MIMIX MFS Municipal Income I


Profile

MIMIX - Profile

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $5.35 B
  • Holdings in Top 10 5.4%

52 WEEK LOW AND HIGH

$8.94
$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


Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.5%
  • 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

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

MIMIX - Performance

Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -31.9% 955.1% 91.73%
1 Yr -0.3% -28.2% 953.0% 90.07%
3 Yr 0.5%* -17.2% 120.9% 68.60%
5 Yr 0.5%* -8.3% 60.6% 54.00%
10 Yr N/A* -5.2% 14.4% 2.72%

* Annualized

Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -5.8% 20.3% 40.44%
2018 -2.2% -29.6% 4.6% 40.73%
2017 2.2% -6.0% 15.8% 19.77%
2016 -2.5% -7.8% 15.0% 70.41%
2015 -0.2% -11.6% 3.0% 23.78%

Total Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -31.9% 955.1% 91.73%
1 Yr -0.3% -28.2% 953.0% 90.07%
3 Yr 0.5%* -17.2% 120.9% 71.08%
5 Yr 0.5%* -8.3% 60.6% 58.77%
10 Yr N/A* -5.2% 16.2% 3.10%

* Annualized

Total Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -5.8% 20.3% 41.30%
2018 -2.2% -29.6% 4.6% 47.59%
2017 2.2% -6.0% 15.8% 28.99%
2016 -2.5% -7.8% 15.0% 72.53%
2015 -0.2% -9.9% 3.0% 30.41%

NAV & Total Return History


Holdings

MIMIX - Holdings

Concentration Analysis

MIMIX Category Low Category High MIMIX % Rank
Net Assets 5.35 B 619 K 88.4 B 11.57%
Number of Holdings 1821 1 10083 6.75%
Net Assets in Top 10 278 M -202 M 26.9 B 27.96%
Weighting of Top 10 5.40% 2.6% 100.0% 98.44%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.71%
  2. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 0.70%
  3. ARKANSAS DEV FIN AUTH HEALTH CARE REV 3.75% 0.59%
  4. PUERTO RICO COMWLTH 8% 0.57%
  5. STATE PUB SCH BLDG AUTH PA LEASE REV 5% 0.53%
  6. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 0.52%
  7. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.49%
  8. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 0.46%
  9. COLORADO EDL & CULTURAL FACS AUTH REV 5% 0.43%
  10. BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 1.15% 0.39%

Asset Allocation

Weighting Return Low Return High MIMIX % Rank
Bonds
97.13% 78.92% 199.79% 46.88%
Cash
2.87% -128.23% 19.68% 45.27%
Stocks
0.00% -4.99% 21.62% 68.23%
Preferred Stocks
0.00% -0.17% 22.02% 71.49%
Other
0.00% -9.40% 31.94% 63.45%
Convertible Bonds
0.00% 0.00% 9.45% 81.36%

Bond Sector Breakdown

Weighting Return Low Return High MIMIX % Rank
Municipal
96.81% 0.00% 100.06% 28.37%
Cash & Equivalents
2.87% -26.49% 93.17% 53.12%
Corporate
0.32% 0.00% 99.00% 53.81%
Derivative
0.00% 0.00% 39.43% 70.48%
Securitized
0.00% 0.00% 97.53% 83.98%
Government
0.00% -2.21% 99.96% 85.58%

Bond Geographic Breakdown

Weighting Return Low Return High MIMIX % Rank
US
91.23% 49.78% 199.79% 52.02%
Non US
5.90% -12.10% 39.65% 43.76%

Expenses

MIMIX - Expenses

Operational Fees

MIMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.01% 34.57% 77.21%
Management Fee 0.37% 0.00% 1.60% 43.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 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% 496.90% 30.22%

Distributions

MIMIX - Distributions

Dividend Yield Analysis

MIMIX Category Low Category High MIMIX % Rank
Dividend Yield 0.00% 0.00% 3.87% 66.02%

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% -0.81% 6.02% 13.69%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MIMIX - Fund Manager Analysis

Managers

Geoffrey Schechter


Start Date

Tenure

Tenure Rank

Mar 23, 2000

20.45

20.5%

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

5.1

5.1%

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
0.04 33.3 7.05 0.17