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MFS Municipal Income A1 MMIDX

Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 8.10  /  −0.24 %
  • Total Assets 5.1 Bil
  • Adj. Expense Ratio
    0.510%
  • Expense Ratio 0.510%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.66%
  • Effective Duration 7.92 years

USD | NAV as of May 23, 2024 | 1-Day Return as of May 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MMIDX

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Longtime MFS Manager to Retire in 2025; Ratings Unchanged

null Thomas Murphy

Thomas Murphy

Analyst Note

Longtime MFS municipal-bond manager Geoffrey Schechter will retire on Sept. 1, 2025, according to the firm. Schechter joined MFS in 1993 and has led MFS Municipal High Income and MFS Municipal Income since 2002 and 2000, respectively. His comanagers Megan Poplowski and Jason Kosty, who both have over two decades of muni experience, will absorb his management responsibilities and continue using the same team-based approach after Schechter retires.

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Portfolio Holdings MMIDX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 5.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Cash CASH_USD

1.39 70.7 Mil
Cash and Equivalents

TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%

0.66 33.4 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.13%

0.61 30.8 Mil
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

0.61 30.8 Mil
municipal

NATIONAL FIN AUTH N H LEASE RENT REV 5.88%

0.56 28.3 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.54 27.5 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.53 27.0 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5%

0.51 25.7 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.49 24.7 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

0.45 23.1 Mil
municipal