MFS Municipal Income Fund Class I (MIMIX)
| Fund Assets | 5.85B |
| Expense Ratio | 0.51% |
| Min. Investment | $0.00 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.95% |
| Dividend Growth | 4.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 7.85 |
| YTD Return | -3.10% |
| 1-Year Return | -1.44% |
| 5-Year Return | 0.53% |
| 52-Week Low | 7.75 |
| 52-Week High | 8.41 |
| Beta (5Y) | n/a |
| Holdings | 2134 |
| Inception Date | Aug 1, 2011 |
About MIMIX
MFS Municipal Income Fund Class I is a mutual fund specializing in municipal bonds, with a primary goal of generating total return while emphasizing income that is exempt from federal income tax. The fund typically allocates at least 80% of its net assets to municipal securities, which can include bonds supporting key public projects in sectors like education, healthcare, housing, utilities, water, and infrastructure. With a diverse portfolio of over 2,000 holdings and net assets exceeding $5.8 billion as of mid-2025, it aims for consistent long-term performance using a risk-aware, research-driven investment process led by a seasoned management team. The fund’s strategy provides investors with a tax-advantaged income stream, making it significant for those seeking municipal bond exposure and tax efficiency in their fixed-income allocations. It distributes income monthly and is guided by the Bloomberg Municipal Bond Index as its benchmark, supporting both individual and institutional investors in achieving stable income and potential capital appreciation within the broader municipal bond market.
Performance
MIMIX had a total return of -1.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.97%.
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 | $0.0259 | Jul 1, 2025 |
| May 30, 2025 | $0.02656 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02555 | May 1, 2025 |
| Mar 31, 2025 | $0.02621 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02373 | Mar 3, 2025 |
| Jan 31, 2025 | $0.02647 | Feb 3, 2025 |