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MFS Municipal Income A1 (MMIDX)

8.67 0.00(0.00%) Jul 21

Profile as of Jun 29, 2014Get Profile for:
MFS Municipal Income A1
111 Huntington Avenue24th Floor
Phone: 800-225-2606
Fund Overview 
Category:Muni National Long
Fund Family:MFS
Net Assets:2.09B
Year-to-Date Return:7.23%
Morningstar Rating:3 stars
Fund Inception Date:Jun 25, 2007
Morningstar Style Box 
Muni National Long
[View Category Definition]
View Top Muni National Long Funds
About the Morningstar Style Box
Management Information 
Geoffrey L. Schechter
Lead Manager since Mar 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 funds. He joined MFS as 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.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:250
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
MMIDX can be purchased from 52 brokerages.

Fund Summary 
The investment seeks total return with an emphasis on income exempt from federal income tax, but also considering capital appreciation. 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.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 17, 2014) : 32.00%
Average for Category:27.38%
Fees & Expenses 
ExpenseMMIDXCategory Avg
Annual Report Expense Ratio (net):0.49%0.88%
Prospectus Net Expense Ratio:0.52%N/A
Prospectus Gross Expense Ratio:0.55%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:4.75%4.00%
Max Deferred Sales Load: N/A2.50%
3 Yr Expense Projection*:640480
5 Yr Expense Projection*:765715
10 Yr Expense Projection*:1,1291,364
* Per $10,000 invested