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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.16

$6.25 B

4.45%

$0.41

1.49%

Vitals

YTD Return

0.3%

1 yr return

4.3%

3 Yr Avg Return

4.3%

5 Yr Avg Return

2.7%

Net Assets

$6.25 B

Holdings in Top 10

4.8%

52 WEEK LOW AND HIGH

$9.2
$8.89
$9.34

Expenses

OPERATING FEES

Expense Ratio 1.49%

SALES FEES

Front Load N/A

Deferred Load 4.00%

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.16

$6.25 B

4.45%

$0.41

1.49%

MMIBX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.87%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Municipal Income Fund
  • Fund Family Name
    MFS
  • Inception Date
    Dec 29, 1986
  • Shares Outstanding
    N/A
  • Share Class
    B
  • 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 its investments may be subject to the federal alternative minimum tax. The fund normally invests its assets primarily in municipal instruments. It may invest 25% or more of its total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers.


MMIBX - Performance

Return Ranking - Trailing

Period MMIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -88.5% 100.3% 13.12%
1 Yr 4.3% -20.5% 20.4% 24.72%
3 Yr 4.3%* -6.2% 10.4% 48.52%
5 Yr 2.7%* -3.5% 6.8% 42.03%
10 Yr 3.5%* -0.2% 8.7% 43.28%

* Annualized

Return Ranking - Calendar

Period MMIBX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -91.1% 310.0% 55.19%
2019 4.8% -79.8% 15.4% 19.34%
2018 -2.3% -72.6% 97.2% 43.00%
2017 2.2% -100.0% 7.6% 29.13%
2016 -2.5% -35.9% 96.8% 32.68%

Total Return Ranking - Trailing

Period MMIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -88.5% 100.3% 13.16%
1 Yr 0.3% -24.2% 24.2% 61.95%
3 Yr 3.4%* -7.0% 11.7% 60.57%
5 Yr 2.4%* -4.0% 6.8% 45.59%
10 Yr 3.5%* -0.6% 8.7% 40.28%

* Annualized

Total Return Ranking - Calendar

Period MMIBX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -91.1% 310.0% 55.15%
2019 4.8% -79.8% 15.4% 19.43%
2018 -2.3% -72.6% 11.0% 44.38%
2017 2.2% -100.0% 7.6% 32.67%
2016 -2.5% -35.9% 3.0% 35.95%

NAV & Total Return History


MMIBX - Holdings

Concentration Analysis

MMIBX Category Low Category High MMIBX % Rank
Net Assets 6.25 B 878 K 87.9 B 5.67%
Number of Holdings 2358 1 12437 1.64%
Net Assets in Top 10 298 M -308 M 3.93 B 9.46%
Weighting of Top 10 4.76% 2.3% 100.0% 98.23%

Top 10 Holdings

  1. PUERTO RICO COMWLTH 8% 0.69%
  2. PUERTO RICO COMWLTH 8% 0.69%
  3. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 0.57%
  4. MASSACHUSETTS ST 5% 0.55%
  5. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY MTG REV 4.5% 0.48%
  6. CALIFORNIA ST 5% 0.47%
  7. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% 0.45%
  8. STATE PUB SCH BLDG AUTH PA LEASE REV 5% 0.44%
  9. NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 4% 0.43%
  10. PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 0.48% 0.43%

Asset Allocation

Weighting Return Low Return High MMIBX % Rank
Bonds
100.01% 46.14% 145.79% 9.95%
Stocks
0.00% -1.11% 3.02% 23.05%
Preferred Stocks
0.00% -3.40% 1.04% 18.56%
Other
0.00% -9.70% 30.00% 20.81%
Convertible Bonds
0.00% -0.02% 1.09% 19.13%
Cash
0.00% -45.79% 53.86% 71.49%

Bond Sector Breakdown

Weighting Return Low Return High MMIBX % Rank
Municipal
99.44% 46.14% 100.00% 46.17%
Corporate
0.40% 0.00% 11.97% 4.01%
Cash & Equivalents
0.16% 0.00% 53.86% 60.34%
Derivative
0.00% 0.00% 1.12% 19.05%
Securitized
0.00% 0.00% 8.03% 20.36%
Government
0.00% 0.00% 50.79% 23.88%

Bond Geographic Breakdown

Weighting Return Low Return High MMIBX % Rank
US
96.07% 0.00% 141.11% 64.20%
Non US
3.94% 0.00% 100.00% 14.58%

MMIBX - Expenses

Operational Fees

MMIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.04% 4.23% 13.58%
Management Fee 0.36% 0.00% 1.60% 30.44%
12b-1 Fee 1.00% 0.00% 1.00% 81.56%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

MMIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 4.00% 0.25% 5.50% 4.49%

Trading Fees

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

MMIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 314.00% 62.64%

MMIBX - Distributions

Dividend Yield Analysis

MMIBX Category Low Category High MMIBX % Rank
Dividend Yield 4.45% 0.00% 35.27% 28.13%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MMIBX Category Low Category High MMIBX % Rank
Net Income Ratio 1.87% -0.53% 24.00% 65.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

MMIBX - Fund Manager Analysis

Managers

Geoffrey Schechter


Start Date

Tenure

Tenure Rank

Mar 23, 2000

21.54

21.5%

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

6.18

6.2%

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
0.06 36.52 7.22 0.91