On March 31, 2021, MFS muni portfolio manager Jason Kosty will join managers Gary Lasman and Geoffrey Schechter on MFS Municipal High Income. Kosty joined the firm in 2003 as a research analyst and became a named manager of MFS Municipal Income MFIAX in 2015. Prior to joining MFS, Kosty worked as a research associate and a municipal-bond analyst for Columbia Management Group. In his current role as investment officer and a portfolio manager, he's responsible for final buy-and-sell decisions, portfolio construction, and risk and cash management, and he also participates in the research process and strategy discussions. Schechter and Lasman, who have managed MFS Municipal High Income since 2002 and 2006, respectively, will continue to serve as managers on the strategy, and the investment approach to building the portfolio will remain unchanged. The management team remains experienced and supported by a strong research group. With that, the strategy retains its Above Average People Pillar rating and Morningstar Analyst Ratings of Bronze on its cheaper share classes and Neutral on its more expensive shares.
MFS Municipal High Income B MMHBX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMHBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MMHBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of MMHBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
MFS Municipal High Income Adds a Manager
