Get Started Here. See the results of our collaborative approach for MFS' "All Star" portfolios. The team employs a proprietary investment process to build better insights for our clients. Historical and current end-of-day data provided by FACTSET. Its flat streets are ideal for exploring on foot. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period. Effective after the close of business on September 29, 2023, Class R1 and R2 shares of applicable MFS funds will be closed to purchases from new eligible investors. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout. 3.01%. The market price may be lower or higher than the fund's net asset value. The SEC yield is higher than the distribution yield in part due to unusual market conditions. Distribution rates are based on the current distribution rate per share, annualized, divided by the NAV or Market Price. Megan Poplowski is an investment officer, fixed income portfolio manager and director of municipal research with MFS Investment Management (MFS). Bloomberg Municipal Bond Index measures the municipal bond market. Privacy Notice | Bond:Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Federal Agencies includes rated and unrated U.S. Agency fixed-income securities, U.S. Agency MBS, and CMOs of U.S. Agency MBS. To receive the distribution, an investor must be a shareholder of record on that date. Long-term Capital Gain Your use of this website indicates that you agree with the intended purpose. For investors subject to the alternative minimum tax, a small portion of dividend income may be taxable. Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. 03/31/23, 8.53% of total net assets | The fund may not achieve its objective and/or you could lose money on your investment in the fund. This browser is no longer supported at MarketWatch. Morningstar ratings are based on risk adjusted performance. As of 04/30/23 , subject to revision and not annualized.). Municipal Bond: Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. Seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. 04/27/23 Visit a quote page and your recently viewed tickers will be displayed here. Columbia California Columbia Connecticut (2) 2022 INCOME EARNED BY STATE INFORMATION 1For single state municipal bond funds, the state specific percentage shown includes the income earned from that state, as well as any income earned from U.S. territories. Daily NAV is the Net Asset Value per share determined using the amortized cost of portfolio securities rounded to two decimal places and is the price at which fund shares are transacted. Specific tax form information and instructions for Form 1099-DIV, Form 1099-B, Form 1099-R, and Form 5498. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. To receive the distribution, an investor must be a shareholder of record on that date. a day ago View Detailed Check-in. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. These results represent the percent change in net asset value. Effective after the close of business on September 29, 2023, Class R1 and R2 shares of applicable MFS funds will be closed to purchases from new eligible investors. Past performance is no guarantee of future results. Previously, he worked as a research associate and municipal bond analyst for Columbia Management Group. Excess returns are a portfolio's return minus the benchmark's annualized return. If you are working in a public space, such as a library, you would not want to select this option. 1. including funds not issuing Form 1099-DIV, online tax forms and account access, percentage of government income, earned income by state, and alternative minimum tax percentage. If you are working in a public space, such as a library, you would not want to select this option. In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. Visit Place St. Andr, the heart of the city's historic quarter. Tagged Friends. A variety of materials to help you prepare and file your taxes, including frequently asked questions, glossary of tax terms, tax preparation check list, phone numbers and contact information, instructions for ordering duplicate tax forms, and links to helpful Web sites. MFS Municipal High Income Fund Class I. Class I shares are available without a sales charge to eligible investors. Historical MP may not be available for all dates. Please make the necessary corrections below: Access your MFS mutual fund, IRA, 529 savings plan accounts, quarterly statements, and sign up for eDelivery. She previously worked for Eaton Vance Management for seven years. The market value of the holding may differ. All ratings are subject to change. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. She began her career in municipal finance at the New York City budget office. Index portfolios will tend to have values very close to 100. Your use of this website indicates that you agree with the intended purpose. Site navigation Fidelity.com Home Customer Service Profile Form 5 - An annual statement of beneficial ownership of securities (to be filed, if necessary, on an annual basis). These reductions will continue until at least05/31/24. Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value. Fact Sheets are available approximately 15 days after month end. Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. Essentially the yield-to-worst is a bond's yield-to-maturity under the least desirable bond repayment pattern under the assumption that bond market yields are unchanged. All results are historical and assume the reinvestment of dividends and capital gains. The fund's overall Morningstar Rating measures are based on risk-adjusted returns as of 02/28/23. 05/01/23. 2022 Tax Guide A resource to help you prepare your state and federal tax returns including information on how mutual fund distributions are taxed and a list of all the tax forms DWS provides. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of Visit Lyon. Compares four national municipal funds across the credit quality and maturity spectrum to help make the selection process easier. 05/01/23. Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%, Biden invites congressional leaders to discuss debt limit at White House on May 9, DeSantis-appointed board sues Disney in latest tug-of-war in Florida, IBM expects to pause hiring for thousands of jobs that can be done by AI: report, Vice may file for bankruptcy in the coming weeks: report, The number of gig workers murdered on the job hits highest level since 2017, report says, Lawmakers call on SEC to assess Sheins supply chain before allowing IPO, NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view. Leverage: Leverage involves investment exposure in an amount exceeding the initial investment. The credit quality of a particular security or group of securities does not ensure the stability or safety of an overall portfolio. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity. Bond:Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. ): Change $ (since Interest from the funds investments may be subject to the federal alternative minimum tax. The yield-to-worst is computed by using the lower of either yield-to-maturity or the yield-to-call on every possible call date. Despite its mountain location, Grenoble is a low-lying city. 03/31/23, Explore resources to help educate on investing basics. Jason joined the firm in 2003 as a municipal bond research analyst and took on portfolio management responsibilities in 2014. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Congratulations on personalizing your experience. Alpha is a measure of the portfolio's risk-adjusted performance. He is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. This piece shows annual returns for broad-based asset classes ranked from best to worst, and includes the growth of $100,000 for each asset class over two separate decades.
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