CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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MFS Municipal Income Trust (MFM)

National Muni Bond Funds - Muni High Yield

Data as of Oct. 15, 2019
Market Price $7.02 (- $0.03)
NAV (Oct. 15, 2019) $7.45 (- $0.04)
Premium / Discount -5.77% (+0.10%)
Fund Info
Inception Nov. 25, 1986
Sponsor Massachusetts Financial Services
Website https://www.mfs.com/en...
Phone 1-800-637-2304
Objective: High current income exempt from federal income tax; Tax-Exempt Bond
Related Indexes
High Yield Municipal Index
Capital & Leverage
Outstanding Shares 41,187,631
Total Assets (Reported: April 30, 2019) $426M
Estimated Total Assets $417M
Net Assets $307M
Market Cap $289M
Purchases Turnover 16.01%
Sales Turnover 16.99%
Total Leverage 27.83%
Structural Leverage (out of total) 94.79%
Portfolio Leverage (out of total) 5.21%
Expense Ratio 2.24%
Non Lev Exp Ratio 1.07%
Rel Lev Cost 2.95%
Discount Data
Average Discount (3 Yr) -6.42%
Discount Low(3 Yr) -14.43%
Discount High(3 Yr) -0.14%
Discount Rel Range 60.56%
Comp Discount -3.36
Discount St Dev (1Yr) 2.57
Z-Stat (6mo) 0.08
Z-Stat (1Yr) 0.51
Z-Stat (3Yr) 0.24
Comp Z-Stat (6mo) -0.19
Comp Z-Stat (3Yr) -0.09
Distribution Data
Market Yield 4.62%
Income Yield 4.62%
Lev Adj NAV Yield 3.40%
Distribution Frequency M
Current Distribution $0.027
Current Income $0.027
Ex-Date 10/15/19
Payable Date 10/31/19
Div Growth (3yr) -12.90%
Dividend Change -3.6% on 6/3/19
Expected Div 11/1/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $474
Avg Volume 30 day 68,969
Avg Volume 90 day 67,528
Volume Trend 2.13%
Comp Volume Trend 13.63%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
Most Correlated Peer (Mk Pr): NMZ 60.0%
NAV - Price Correlation (30 d) 78.4%
NAV - Price Correlation (90 d) 44.7%
NAV - Price Correlation (1 Yr) 87.6%
Price St Dev (1Yr) 10.9%
NAV St Dev (1Yr) 2.5%
Earnings / Share (4/30/19) $0.029
Earn Coverage 108.52%
Earnings Trend Down
UNII / Share (4/30/19) $0.059
Rel UNII 18.27
UNII Trend Down
Bond Specific Data
Maturity 18.69
Duration 8.21
Credit Rating (rbo) BBB
Investment Grade 55.89%
Non Investment Grade 22.06%
Unrated Bonds 22.06%
Average Bond Price 97.12
Discount vs Price -8.65
Coupon 5.10%
Zero Coupon 4.11%
AMT 14.00%
AMT Yield 4.43%
Bond Calls Risk 10.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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