MFS Municipal Income Fund Class A (MFIAX)
| Fund Assets | 5.85B |
| Expense Ratio | 0.76% |
| Min. Investment | $1,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.53% |
| Dividend Growth | 4.81% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 7.86 |
| YTD Return | -3.17% |
| 1-Year Return | -1.55% |
| 5-Year Return | -0.87% |
| 52-Week Low | 7.75 |
| 52-Week High | 8.41 |
| Beta (5Y) | 0.27 |
| Holdings | 2134 |
| Inception Date | Sep 7, 1993 |
About MFIAX
MFS Municipal Income Fund Class A is a mutual fund designed to deliver a total return with a primary focus on generating income that is exempt from federal income tax, while also considering opportunities for capital appreciation. This fund predominantly invests in high-quality municipal bonds, allocating over 98% of its portfolio to municipal securities, with a minimal percentage in high yield and investment-grade corporate bonds as well as cash equivalents. Managed by a seasoned investment team, the fund utilizes a disciplined risk-budgeting approach and integrates both quantitative tools and fundamental credit research to identify and manage risks. Since its inception in 1986, it has aimed to provide stable, tax-advantaged income suitable for investors with long-term goals and varying risk tolerances. The fund tracks its performance against the Bloomberg Municipal Bond Index, acting as a benchmark for the broader municipal bond market. With substantial net assets, it plays a prominent role in the fixed income market, particularly for investors seeking federally tax-exempt income through a diversified municipal bond portfolio.
Performance
MFIAX had a total return of -1.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
5.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 1.09% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5% | TX.TMGUTL 01.01.2054 | 0.57% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.13% | NY.NYTTRN 5.12 06.30.2060 | 0.51% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 0.50% |
| NATIONAL FIN AUTH N H LEASE RENT REV 5.88% | NH.NFADEV 5.88 12.15.2038 | 0.48% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.47% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | NY.NYTTRN 5.25 12.31.2054 | 0.46% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5% | AL.BBEUTL 10.01.2054 | 0.44% |
| NATIONAL FIN AUTH N H REV 5.5% | NH.NFADEV 5.5 06.01.2050 | 0.42% |
| PHILADELPHIA PA AUTH FOR INDL DEV HOSP REV 5.5% | PA.PHIMED 5.5 07.01.2053 | 0.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02431 | Jul 1, 2025 |
| May 30, 2025 | $0.02493 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02396 | May 1, 2025 |
| Mar 31, 2025 | $0.0245 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02221 | Mar 3, 2025 |
| Jan 31, 2025 | $0.02477 | Feb 3, 2025 |