MFS Municipal Income R6

Frequently Asked Questions About MPMNX

What does MPMNX invest in?

This fund typically allocates at least 80% of its net assets to securities and other holdings that generate income exempt from federal taxation. However, the interest earned on these investments could still be subject to the federal alternative minimum tax (AMT). Its investment strategy primarily centers on municipal instruments. The fund retains the option to allocate 25% or more of its total assets to municipal debt used to finance similar types of undertakings, such as those connected to education, healthcare, housing, public utilities, water, or sanitation systems.

What is the expense ratio of MPMNX?

MFS Municipal Income R6 (MPMNX) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations.

What is MPMNX's dividend yield?

MPMNX's trailing-twelve-month yield is 4.25%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MPMNX?

Effective duration measures MPMNX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MPMNX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MPMNX?

MPMNX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of MPMNX?

Yield to maturity (YTM) is the total return you'd earn from MPMNX if every bond in the portfolio is held to maturity at the current price. MPMNX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.