MFS Municipal Income R6 (MPMNX)
MFS Municipal Income R6 operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $7.68, down 0.52% on the session, giving a market capitalisation of $6.84B. Its beta of 1.11 implies it has historically moved more than the broad market.
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.
MFS Municipal Income R6 is most often compared with the following Financial Services names: