MFS Municipal Income A (MFIAX - Free Report) a Zacks Rank #1 (Strong Buy) invests, under normal market conditions, the majority of its net assets in securities and other investments, the interest on which is exempt from federal income tax.
The MFS Municipal Income A fund, managed by MFS, carries an expense ratio of 0.74%. Moreover, MFIAX requires a minimal initial investment of $1,000.
MFIAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.19%, 3 year 6.27% and 5 year 5.10%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
MFIAX’s performance, as of the last filing, when compared to funds in its category was in the top 31% in 1 year, top 26% over the past 3 years, and in the 26% over the past 5 years.
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