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 July 2, 2020
Market Price $6.22 (- $0.02)
NAV (July 2, 2020) $7.02 (+ $0.01)
Premium / Discount -11.40% (-0.41%)
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
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 41,187,631
Total Assets (Reported: Oct. 31, 2019) $428M
Estimated Total Assets $404M
Net Assets $289M
Market Cap $256M
Purchases Turnover 16.01%
Sales Turnover 16.99%
Total Leverage 30.00%
Structural Leverage (out of total) 94.80%
Portfolio Leverage (out of total) 5.20%
Expense Ratio 2.14%
Non Lev Exp Ratio 1.05%
Rel Lev Cost 2.60%
Discount Data
Average Discount (3 Yr) -7.05%
Discount Low(3 Yr) -23.68%
Discount High(3 Yr) -0.14%
Discount Rel Range 52.18%
Comp Discount -4.95
Discount St Dev (1Yr) 3.17
Z-Stat (6mo) -0.72
Z-Stat (1Yr) -1.35
Z-Stat (3Yr) -1.47
Comp Z-Stat (6mo) -0.49
Comp Z-Stat (3Yr) -0.58
Distribution Data
Market Yield 5.21%
Income Yield 5.21%
Lev Adj NAV Yield 3.55%
Distribution Frequency M
Current Distribution $0.027
Current Income $0.027
Ex-Date 7/14/20
Payable Date 7/31/20
Div Growth (3yr) -18.18%
Dividend Change 3.8% on 6/1/20
Expected Div 7/1/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $707
Avg Volume 30 day 104,606
Avg Volume 90 day 113,683
Volume Trend -7.98%
Comp Volume Trend 5.73%
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): MAV 93.0%
NAV - Price Correlation (30 d) -2.9%
NAV - Price Correlation (90 d) 84.8%
NAV - Price Correlation (1 Yr) 96.5%
Price St Dev (1Yr) 26.6%
NAV St Dev (1Yr) 11.7%
Earnings / Share (10/31/19) $0.028
Earn Coverage 104.07%
Earnings Trend Down
UNII / Share (10/31/19) $0.054
Rel UNII 16.67
UNII Trend Down
Bond Specific Data
Maturity 18.50
Duration 11.30
Credit Rating (rbo) BBB
Investment Grade 65.00%
Non Investment Grade 34.99%
Unrated Bonds 0.00%
Average Bond Price 96.46
Discount vs Price -14.94
Coupon 4.80%
Zero Coupon 3.49%
AMT 16.00%
AMT Yield 4.98%
Bond Calls Risk 8.00%
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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