Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
1.36% 5.240B -- 12.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
555.86M 0.95% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. The Fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax.
General
Security Type Mutual Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal High Yield
Peer Group High Yield Municipal Debt Funds
Global Macro Bond High Yield
US Macro National Municipal Debt Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective High Yield Municipal Debt Funds
Fund Owner Firm Name MFS
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 6
-270.71M Peer Group Low
162.98M Peer Group High
1 Year
% Rank: 16
555.86M
-2.613B Peer Group Low
3.207B Peer Group High
3 Months
% Rank: 24
-261.58M Peer Group Low
690.83M Peer Group High
3 Years
% Rank: 37
-5.900B Peer Group Low
7.658B Peer Group High
6 Months
% Rank: 21
-945.73M Peer Group Low
2.118B Peer Group High
5 Years
% Rank: 88
-6.006B Peer Group Low
10.51B Peer Group High
YTD
% Rank: 16
-1.899B Peer Group Low
2.815B Peer Group High
10 Years
% Rank: 33
-4.788B Peer Group Low
14.65B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
1.32%
8.65%
2.74%
4.52%
-14.47%
18.37%
3.17%
2.79%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
1.05%
4.03%
0.62%
7.48%
3.54%
2.59%
-11.60%
6.19%
2.89%
2.60%
1.64%
10.02%
3.48%
6.53%
-13.78%
5.59%
5.33%
2.65%
2.55%
8.93%
2.97%
4.88%
-14.35%
6.99%
3.64%
1.44%
0.36%
8.60%
3.06%
5.85%
-13.90%
6.75%
5.59%
3.19%
As of December 07, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 3.28%
30-Day SEC Yield (10-31-25) 3.72%
7-Day SEC Yield --
Number of Holdings 1976
Bond
Yield to Maturity (10-31-25) 5.07%
Effective Duration 8.33
Average Coupon 5.08%
Calculated Average Quality 3.797
Effective Maturity 14.83
Nominal Maturity 21.55
Number of Bond Holdings 1974
As of October 31, 2025

Asset Allocation

As of October 31, 2025.
Type % Net
Cash 0.18%
Stock 0.00%
Bond 99.82%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Fees & Availability

Fees
Actual 12B-1 Fee 1.00%
Actual Management Fee 0.19%
Administration Fee 161.0%
Maximum Front Load --
Maximum Deferred Load 4.00%
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors No
Minimum Initial Investment 1000.00 None
Minimum Subsequent Investment 50.00 None

Basic Info

Investment Strategy
The Fund seeks total return with an emphasis on high income exempt from federal income tax, but also considering capital appreciation. The Fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax.
General
Security Type Mutual Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal High Yield
Peer Group High Yield Municipal Debt Funds
Global Macro Bond High Yield
US Macro National Municipal Debt Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective High Yield Municipal Debt Funds
Fund Owner Firm Name MFS
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 3.28%
30-Day SEC Yield (10-31-25) 3.72%
7-Day SEC Yield --
Number of Holdings 1976
Bond
Yield to Maturity (10-31-25) 5.07%
Effective Duration 8.33
Average Coupon 5.08%
Calculated Average Quality 3.797
Effective Maturity 14.83
Nominal Maturity 21.55
Number of Bond Holdings 1974
As of October 31, 2025

Fund Details

Key Dates
Inception Date 9/7/1993
Last Annual Report Date 1/31/2025
Last Prospectus Date 5/30/2025
Share Classes
MMHCX C
MMHKX Retirement
MMHYX A
MMIIX Inst
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:MMHBX", "name")
Broad Asset Class: =YCI("M:MMHBX", "broad_asset_class")
Broad Category: =YCI("M:MMHBX", "broad_category_group")
Prospectus Objective: =YCI("M:MMHBX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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