MMHKX: MFS Municipal High Income R6

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MMHKX MFS Municipal High Income R6


Profile

MMHKX - Profile

Vitals

  • YTD Return -4.0%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $5.46 B
  • Holdings in Top 10 7.0%

52 WEEK LOW AND HIGH

$8.17
$7.40
$8.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

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

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -4.0%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Municipal High Income Fund
  • Fund Family Name
    MFS
  • Inception Date
    Jun 02, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Geoffrey Schechter

Fund Description

The fund invests normally at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax. Interest from the fund's investments may be subject to the federal alternative minimum tax.


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Categories

Performance

MMHKX - Performance

Return Ranking - Trailing

Period MMHKX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -11.6% 1.7% 58.38%
1 Yr -3.0% -11.5% 5.3% 57.73%
3 Yr -0.1%* -1.6% 2.8% 58.96%
5 Yr N/A* -2.2% 2.6% 14.97%
10 Yr N/A* -1.4% 2.1% 14.41%

* Annualized

Return Ranking - Calendar

Period MMHKX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -0.7% 9.1% 34.55%
2018 -2.2% -4.8% 9.2% 45.76%
2017 N/A -9.7% 8.6% N/A
2016 N/A -6.1% -0.8% N/A
2015 N/A -5.6% 2.9% N/A

Total Return Ranking - Trailing

Period MMHKX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -11.6% 1.7% 58.38%
1 Yr -3.0% -11.5% 5.3% 57.73%
3 Yr -0.1%* -1.6% 2.8% 61.85%
5 Yr N/A* -2.2% 3.0% 13.61%
10 Yr N/A* -1.4% 4.5% 13.51%

* Annualized

Total Return Ranking - Calendar

Period MMHKX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -0.7% 9.1% 36.13%
2018 -2.2% -4.8% 9.2% 48.59%
2017 N/A -9.7% 8.8% N/A
2016 N/A -6.1% 1.1% N/A
2015 N/A -5.6% 5.3% N/A

NAV & Total Return History


Holdings

MMHKX - Holdings

Concentration Analysis

MMHKX Category Low Category High MMHKX % Rank
Net Assets 5.46 B 573 K 19.1 B 19.50%
Number of Holdings 1852 5 3533 8.50%
Net Assets in Top 10 368 M -38.7 M 2.67 B 22.50%
Weighting of Top 10 7.03% 4.2% 96.4% 96.46%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.66%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.03%
  3. TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25% 0.66%
  4. PUERTO RICO COMWLTH 8% 0.64%
  5. LIBERTY N Y DEV CORP REV 5.25% 0.59%
  6. PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV 5.25% 0.56%
  7. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 0.55%
  8. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% 0.51%
  9. PUERTO RICO ELEC PWR AUTH PWR REV 5.25% 0.41%
  10. NEW JERSEY ST TRANSN TR FD AUTH 0% 0.41%

Asset Allocation

Weighting Return Low Return High MMHKX % Rank
Bonds
98.22% 0.00% 148.07% 49.75%
Cash
1.78% -1.98% 100.00% 45.50%
Stocks
0.00% 0.00% 4.54% 88.06%
Preferred Stocks
0.00% -48.07% 0.00% 85.50%
Other
0.00% -0.04% 1.57% 89.50%
Convertible Bonds
0.00% 0.00% 0.00% 87.00%

Bond Sector Breakdown

Weighting Return Low Return High MMHKX % Rank
Municipal
97.82% 0.00% 100.00% 52.50%
Cash & Equivalents
1.78% 0.00% 100.00% 48.00%
Corporate
0.41% 0.00% 5.11% 17.00%
Derivative
0.00% 0.00% 0.26% 86.50%
Securitized
0.00% 0.00% 0.00% 86.50%
Government
0.00% -2.36% 0.96% 88.50%

Bond Geographic Breakdown

Weighting Return Low Return High MMHKX % Rank
US
86.83% 0.00% 141.91% 82.50%
Non US
11.39% 0.00% 16.32% 10.00%

Expenses

MMHKX - Expenses

Operational Fees

MMHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.18% 7.04% 91.96%
Management Fee 0.52% 0.00% 1.25% 67.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

MMHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MMHKX 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.

MMHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 5.10% 314.00% 21.50%

Distributions

MMHKX - Distributions

Dividend Yield Analysis

MMHKX Category Low Category High MMHKX % Rank
Dividend Yield 0.00% 0.00% 0.62% 90.55%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MMHKX Category Low Category High MMHKX % Rank
Net Income Ratio 3.89% -0.98% 5.67% 36.18%

Capital Gain Distribution Analysis

MMHKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

MMHKX - Fund Manager Analysis

Managers

Geoffrey Schechter


Start Date

Tenure

Tenure Rank

Aug 23, 2002

17.87

17.9%

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.

Gary Lasman


Start Date

Tenure

Tenure Rank

Apr 01, 2006

14.26

14.3%

Gary A. Lasman, CFA, is an Investment Officer of MFS Investment Management and Portfolio Manager of the firm's municipal bond portfolios. He joined MFS in 2002 as a municipal fixed income research analyst. Prior to that, he served an assistant portfolio manager and senior municipal analyst for Liberty Funds Group. Before that, he served as vice president in the municipal group for Thomson Financial Services; and senior account manager for The Industrial Indemnity Financial Corporation. Gary earned a Bachelor of Arts degree from the University of California and a Master of Business Administration degree from the University of Chicago. He is a member of the CFA Institute (formerly the Association for Investment Management and Research); Boston Security Analysts Society, Inc.; Boston Municipal Analysts Forum; and the National Federation of Municipal Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 28.52 7.07 0.61