MFS Municipal High Income I Fund (MMIIX) a Zacks Rank #1 (Strong Buy) was incepted in June 2011 and is managed by Massachusetts Financial Services Co. The objective of MMIIX is to seek growth of income and capital. MMIIX invests more than 80% of its assets in securities, which are exempted from federal income tax.
The MFS Municipal High Income I fund, managed by MFS, carries an expense ratio of 0.65%. Moreover, MMIIX requires a minimal initial investment of $0.
MMIIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.48% and 5 year 7.54%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
MMIIX’s performance, as of the last filing, when compared to funds in its category was in the top 8% in 1 year, top 6% over the past 3 years, and in the 6% over the past 5 years.
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Zacks Investment Research