Skip to main content

Address And Details

500 Boylston St , Boston, MA 02116
Fund Manager Team Managed
Manager Tenure

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

as of 5:46 PM ET 01/18/2022


  • 1 Week
  • -0.35%
  • 1 Month
  • -1.15%
  • 3 Months
  • -0.46%
  • 1 Yr Return
  • +0.35%
  • 5 Yr Return
  • +6.32%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 100.55%
Cash 2.33%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -2.88%
Total Net Assets 2.11 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.03 -0.15 0.62
Beta 1.59 1.42 1.35
R Squared 0.80 0.77 0.83
Std Deviation 6.98 5.58 5.31
Sharpe Ratio 0.75 0.78 n/a

Purchase Information

as of 5:47 PM ET 01/13/2022
Minimum Initial $1000
Minimum Additional $50
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
1 Year
  • +5.30%
  • +5.30%
+5.30% +5.30%
3 Year
  • +6.06%
  • +6.06%
+6.06% +6.06%
10 Year
  • +5.59%
  • +5.59%
+5.59% +5.59%
Life Of Fund
  • +6.25%
  • +6.25%
+6.25% +6.25%

Top 10 Holdings

Symbol Company Name % Of Assets


Recent Articles from TheStreet

Traders work the floor of the New York Stock Exchange during the IPO of Chinese cosmetics company Yatsen Holding Ltd on November 19. Photo: NYSE via AP

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 Lead

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.

home insurance tree house damage storm sh

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 Looks Ready to Bounce Back

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.

5 Situations to Consider Tax-Loss Harvesting

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.

1. Bank of America (BAC): Buy

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.

Ebola Isn't a Problem for Airlines but Delays From Ebola Scares Are

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 and J&J Drive Dow to 23,000 but Rest of Market Wavers

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.

Global Stocks Are Following Wall Street Higher as Dow Hits 20,000

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.

Devon Energy's Stock Is Ready to Roar

Jim Cramer Talks With Devon Energy CEO

Rick Muncrief sees latest acquisition driving growth, with fresh assets in key oil regions.