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MFS Municipal Income B (MMIBX)

7.90
-0.14
(-1.74%)
At close: 8:01:40 PM EDT

Fund Summary

The fund invests normally at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax. Interest from its investments may be subject to the federal alternative minimum tax. The fund normally invests its assets primarily in municipal instruments. It may invest 25% or more of its total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers.

MFS Municipal Income B

Boston, MA 2199
111 Huntington Avenue, 24th Floor
1-800-637-2929

Fund Overview

Category Muni National Long
Fund Family MFS
Net Assets 5.89B
YTD Return -0.66%
Yield 2.78%
Morningstar Rating
Inception Date Aug 01, 2011

Fund Operations

Last Dividend 0.06
Last Cap Gain -6.00
Holdings Turnover 20.00%
Average for Category --

Fees & Expenses

Expense MMIBX Category Average
Annual Report Expense Ratio (net) 1.51% 0.73%
Prospectus Net Expense Ratio 1.51% --
Prospectus Gross Expense Ratio 1.52% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.72%
Max Deferred Sales Load -- 1.54%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Geoffrey L. Schechter, Lead Manager since March 23, 2000
Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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