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 income exempt from federal income tax, but also considering capital preservation. 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. The fund s dollar-weighted average effective maturity will normally not exceed five years. MFS generally invests substantially all of the fund s assets in investment grade quality debt 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 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. For purposes of the fund s 80% policy, net assets include the amount of any borrowings for investment purposes.

Net Asset Value

as of 5:44 PM ET 11/26/2021

Performance

  • 1 Week
  • +0.12%
  • 1 Month
  • +0.24%
  • 3 Months
  • -0.71%
  • 1 Yr Return
  • -0.12%
  • 5 Yr Return
  • n/a

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 100.74%
Cash 1.62%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -2.35%
Total Net Assets 566.98 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.37 n/a n/a
Beta 0.71 n/a n/a
R Squared 0.93 n/a n/a
Std Deviation 2.92 n/a n/a
Sharpe Ratio 0.91 n/a n/a

Purchase Information

as of 5:41 PM ET 11/15/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +2.09%
  • +2.13%
+2.09% +2.13%
3 Year
  • +3.67%
  • +3.61%
+3.67% +3.61%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +2.57%
  • +2.65%
+2.57% +2.65%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

Recent Articles from TheStreet

Dollar General

Dollar General Stock Slips After Q3 Earnings Beat, 2021 Profit Forecast Boost

Dollar General lifted its full year profit forecast following stronger-than-expected third quarter earnings as shoppers continue to search for value amid the highest levels of consumer price inflation in 30 years.

Uber Lead

Uber Stock Rises as UBS Names Ride-Hailer a 'Top Pick'

Uber Technologies shares accelerate after analysts at UBS named the ride-hailing giant one of their top picks and say they expect the shares could more than double.

19 asheville Ncarolina sh

The Best Affordable Cities for Remote Workers

Housing isn’t cheap, and if you’re one of the 13% that work from home and you’re looking for an affordable place to live, this list is for you.

Boeing Lead

Boeing Stock Surges As China Aviation Regulators Pave Way For 737 MAX Return

Boeing's grounded 737 MAX could return to service in China following a positive assessment from civil aviation authorities in the world's biggest aircraft market.

Snowflake Lead

Snowflake Stock Melts Upward on Uptick In Forward Guidance

Snowflake shares surge after the data-analytics software provider announces a narrower-than-expected quarterly loss and provides strong forward sales guidance.

iPhone Apple Lead

Apple Stock Slides After Report Company Warned Suppliers On Weakening iPhone Demand

Apple has warned vendors of weakening holiday demand for its new iPhone 13 line-up, Bloomberg reported Thursday, sending shares lower in pre-market trading.

Wall Street at Records as GOP Tax Bill Heads to Senate Vote

Apple, Omicron, Disney, Baseball And Markets - 5 Things You Must Know

Stocks remain volatile as Omicron worries linger over markets; Apple shares slide on iPhone 13 demand concerns; Square goes Block in Jack Dorsey-lead rebranding; Disney names Susan Arnold as Bog Iger's board successor and Major League Baseball locks out its players after failing to reach a new collective bargaining agreement.

jim-cramer-on-citigroups-downgrade-of-pfizer (3)

Guilfoyle: Pfizer Is a Long Position

Pharmaceutical giant is well positioned as latest variant of coronavirus spreads.

Why Bank Stocks Like Citigroup and PNC Financial Services Look Cheap

Former Mastercard CEO Ajay Banga Joins General Atlantic

Private equity firm hires financial services executive effective Jan. 1.

Microsoft Windows Lead

Microsoft Adds a Cheaper Teams to Take Down Zoom

The software giant has gone the low price route to bring in more small business users.