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MIMIX MFS Municipal Income I

  • Fund
  • MIMIX
  • Price as of: May 23, 2019
  • $8.85 + $0.01 + 0.11%
  • Category
  • National Munis
  • Fund Company
  • MFS

MIMIX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $3.73 B
  • Holdings in Top 10 5.4%

52 WEEK LOW AND HIGH

$8.85
$8.45
$8.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

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 3.1%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.74%
DIVIDENDS
  • Dividend Yield 1.2%
  • 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 (%)
YTD 3.1% -3.2% 4.3% 26.48%
1 Yr 2.5% -3.1% 5.2% 31.82%
3 Yr -0.3%* -3.1% 1.8% 47.66%
5 Yr 0.4%* -2.2% 2.0% 17.84%
10 Yr N/A* -8.8% 2.8% N/A

* Annualized


Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -4.8% 0.8% 59.92%
2017 2.2% -0.9% 5.6% 30.72%
2016 -2.5% -6.1% 7.3% 48.47%
2015 -0.2% -10.9% 2.6% 47.05%
2014 7.0% -60.4% 12.0% 16.39%

Total Return Ranking - Trailing

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -3.2% 4.8% 28.85%
1 Yr 2.5% -3.1% 7.2% 36.56%
3 Yr -0.3%* -3.0% 3.1% 56.42%
5 Yr 0.4%* -1.9% 3.8% 28.63%
10 Yr N/A* -8.8% 4.8% N/A

* Annualized


Total Return Ranking - Calendar

Period MIMIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -4.8% 1.7% 63.10%
2017 2.2% -0.9% 6.2% 37.35%
2016 -2.5% -6.1% 7.3% 55.80%
2015 -0.2% -9.6% 3.9% 55.60%
2014 7.0% -60.4% 12.0% 18.28%

NAV & Total Return History

MIMIX - Holdings

Concentration Analysis

MIMIX Category Low Category High MIMIX % Rank
Net Assets 3.73 B 770 K 66.2 B 20.95%
Number of Holdings 1395 3 8426 7.92%
Net Assets in Top 10 198 M -122 M 1.81 B 31.29%
Weighting of Top 10 5.42% 2.5% 100.0% 96.83%

Top 10 Holdings

  1. STATE PUB SCH BLDG AUTH PA LEASE REV 0.71%

  2. PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 0.66%

  3. MASSACHUSETTS ST 0.64%

  4. BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 92.57% 0.54%

  5. PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV 0.52%

  6. TEXAS WATER DEV BRD 0.49%

  7. CHICAGO ILL BRD ED DEDICATED CAP IMPT 0.49%

  8. NEW YORK LIBERTY DEV CORP LIBERTY REV 0.47%

  9. ILLINOIS ST 0.46%

  10. UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 0.43%


Asset Allocation

Weighting Return Low Return High MIMIX % Rank
Bonds
97.25% 66.80% 103.87% 59.01%
Cash
2.75% -2.12% 31.82% 40.59%
Stocks
0.00% 0.00% 0.01% 80.99%
Preferred Stocks
0.00% 0.00% 9.32% 80.99%
Other
0.00% -3.88% 30.00% 79.41%
Convertible Bonds
0.00% 0.00% 2.58% 81.19%

Bond Sector Breakdown

Weighting Return Low Return High MIMIX % Rank
Municipal
97.25% 0.00% 112.93% 56.83%
Cash & Equivalents
2.75% -7.72% 31.82% 40.20%
Derivative
0.00% 0.00% 0.01% 80.99%
Securitized
0.00% 0.00% 25.65% 81.98%
Corporate
0.00% 0.00% 39.31% 82.97%
Government
0.00% -13.64% 71.35% 77.03%

Bond Geographic Breakdown

Weighting Return Low Return High MIMIX % Rank
US
90.56% 53.15% 103.17% 90.10%
Non US
6.69% 0.00% 25.08% 2.97%

MIMIX - Expenses

Operational Fees

MIMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.08% 4.80% 80.63%
Management Fee 0.38% 0.00% 0.65% 43.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.34% 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 0.50% 5.50% N/A

Trading Fees

MIMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 504.54% 37.94%

MIMIX - Distributions

Dividend Yield Analysis

MIMIX Category Low Category High MIMIX % Rank
Dividend Yield 1.19% 0.00% 0.94% 1.78%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MIMIX Category Low Category High MIMIX % Rank
Net Income Ratio 3.74% 0.01% 4.95% 6.52%

Capital Gain Distribution Analysis

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

MIMIX - Managers

Geoffrey L. Schechter

Manager

Start Date

Tenure

Tenure Rank

Mar 23, 2000

19.12

19.1%

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

Tenure

Tenure Rank

Jul 29, 2015

3.76

3.8%

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

0.0

Category High

39.6

Category Average

7.67

Category Mode

4.15