Address And Details
|500 Boylston St , Boston, MA 02116|
|Fund Manager||Team Managed|
Strategy And Objective
The Fund s investment objective is to seek total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. The fund invests, under normal market conditions, 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. MFS (Massachusetts Financial Services Company, the fund s investment adviser) normally invests the fund s assets primarily in municipal instruments. MFS may invest 25% or more of the fund s total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare,housing, utilities, water, or sewers. MFS may invest up to 100% of the fund s assets in below investment grade quality debt instruments. MFS may invest a significant percentage of the fund s assets in issuers in a single state, territory, or possession, or a small number of states, territories, or possessions. While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments.Derivatives include futures, forward contracts, options, inverse floating rate instruments, swaps, and certain complex structured securities.MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.
Net Asset Value
- 1 Week
- 1 Month
- 3 Months
- 1 Yr Return
- 5 Yr Return
Equity Sector Breakdown
|Asset Type||% Of Allocation|
|Total Net Assets||2.11 B|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$250|
|Timeframe||Average Annual Current Performance Monthly As Of 12/31/2021||Average Annual Current Performance Quarterly As Of 12/31/2021||Avg Annual Current Performance Monthly As Of 12/31/2021||Avg Annual Current Performance Quarterly As Of 12/31/2021|
|Life Of Fund||
Master The Market with the Help of Our Financial Experts
Recent Articles from TheStreet
Stock Market Today - 1/19: Dow Futures Get Procter & Gamble Boost; Bank of America Leaps
Solid pre-market earnings could offset lingering inflation concerns and send stocks higher Wednesday following better-than-expected updates from Procter & Gamble, UnitedHealth and Bank of America.
Morgan Stanley Beats on Fourth-Quarter Earnings Forecasts
Morgan Stanley posts a fourth-quarter earnings beat thanks to strong performances in the bank's wealth management and asset management groups.
Most Americans Can't Afford to Fix Their Roof or Replace a Lost iPhone
More than half of Americans couldn't cover a surprise $1,000 bill -- and inflation is making it worse, according to a new survey.
Procter & Gamble Beats Q2 Profit Forecast, Sees Pricing Power Boost; Shares Jump
Dow component Procter & Gamble topped Q2 earnings forecasts and said it's making 'significant' progress in terms of offsetting increased shipping and commodity costs.
Taxpayers Beware: IRS Warns of Refund Delays, Service Cutbacks
The IRS says taxpayers should be prepared for delays and service issues when a messy tax-filing season opens Jan. 24.
Bank of America Q4 Profit Blasts Forecast, Sees Flat Expenses in 2022; Shares Gain
Solid loan growth and a tight grip on expenses added support to stronger-than-expected fourth quarter earnings for Bank of America.
More Air Travel Nightmare as Carriers Respond to 5G Rollout Delay
U.S. air travelers are likely to face more turbulence as carriers around the world cancel flights in and out of the country following the initial rollout of 5G networks.
UnitedHealth Sees Optum Strength Power Q4 Earnings, Confirms 2022 Outlook
Dow component UnitedHealth Group posted better-than-expected Q4 earnings as its Optum division continues to impress.
Stocks Edge Higher, Ford Cashes In, 5G Rollout Pause, Bullish ASML And Donald Trump - 5 Things You Must Know
Stock futures edge higher but inflation pressures linger; Ford books $8.2 billion Q4 gain from Rivian investment; 5G rollout pause fails to stop flight cancellations; AMSL boosts chip stocks with bullish 2022 outlook and New York Attorney General Letitia James ups her attack on former President Donald Trump.