MFS Municipal High-Income A Fund In Focus

MFS Municipal High-Income A (MMHYX - MF report) a Zacks Ranked #1 (Strong Buy) was created in February 1984 and is managed by Massachusetts Financial Services Company. MMHYX's investment objective is to provide high current income exempt from federal income taxes by investing primarily in municipal bonds and notes which may be of medium and lower quality. MMHYX invests a large chunk of its net assets in securities and other investments, the interest on which is exempt from federal income tax. MMHYX seeks to invest the majority of its assets in municipal securities that offer a current yield above that generally available on municipal securities in the three highest categories of recognized rating agencies. MMHYX is a non-diversified mutual fund.

The MFS Municipal High-Income A, managed by MFS, carries an expense ratio of 0.68. Moreover, MMHYX requires a minimal initial investment of $1,000.

MMHYX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.04%, 3 year 4.93%, and 5 year 6.64%. To see how this fund performed compared in its category, please click here.

MMHYX’s performance, as of the last filing, when compared to funds in its category was in the top 4% in 1 year, top 7% over the past 3 years, and in the 5% over the past 5 years.