MFS Municipal Income A1 (MMIDX)
| Fund Assets | 5.91B |
| Expense Ratio | 0.51% |
| Min. Investment | $1,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.69% |
| Dividend Growth | 4.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.14 |
| YTD Return | 0.23% |
| 1-Year Return | -0.15% |
| 5-Year Return | 3.95% |
| 52-Week Low | 7.76 |
| 52-Week High | 8.42 |
| Beta (5Y) | n/a |
| Holdings | 2147 |
| Inception Date | Jun 25, 2007 |
About MMIDX
MFS Municipal Income Fund Class A1 is a mutual fund that centers its investment strategy on generating tax-exempt income, primarily by investing in municipal bonds issued by U.S. state and local governments. Its objective is to deliver total return with a strong emphasis on income that is generally exempt from federal income tax, while also considering opportunities for capital appreciation. The fund maintains a diversified portfolio, with over 98% of assets in municipal securities, and minimal allocations to high yield and investment-grade corporate bonds. Managed by an experienced team leveraging a data-driven, risk-averse approach, it focuses on consistent long-term performance and robust risk management. The fund features a monthly dividend payout structure, making it relevant for investors prioritizing steady, tax-advantaged income streams. With net assets exceeding $5.8 billion as of mid-2025, MFS Municipal Income Fund Class A1 holds a significant place in the national long-term municipal bond category, supporting public infrastructure while serving as a key offering for investors seeking efficient exposure to the municipal fixed-income market.
Performance
MMIDX had a total return of -0.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.46%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
4.84% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 0.65% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5% | TX.TMGUTL 01.01.2054 | 0.55% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 0.49% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | NY.NYTTRN 5.25 06.30.2060 | 0.48% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.13% | NY.NYTTRN 5.12 06.30.2060 | 0.48% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.48% |
| NATIONAL FIN AUTH N H LEASE RENT REV 5.88% | NH.NFADEV 5.88 12.15.2038 | 0.47% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5% | AL.BBEUTL 10.01.2054 | 0.43% |
| NATIONAL FIN AUTH N H REV 5.5% | NH.NFADEV 5.5 06.01.2050 | 0.41% |
| PHILADELPHIA PA AUTH FOR INDL DEV HOSP REV 5.5% | PA.PHIMED 5.5 07.01.2053 | 0.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02707 | Sep 2, 2025 |
| Jul 31, 2025 | $0.027 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02599 | Jul 1, 2025 |
| May 30, 2025 | $0.02666 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02564 | May 1, 2025 |
| Mar 31, 2025 | $0.02628 | Apr 1, 2025 |