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MFS Municipal Income Trust (MFM)

National Muni Bond Funds - Muni High Yield

Data as of Sept. 20, 2023
Market Price $4.81 (+ $0.03)
NAV (Sept. 20, 2023) $5.70 ( $0.00)
Fund Listed NYSE
Premium / Discount -15.61% (+0.53%)
Fund Info
Inception Nov. 25, 1986
Sponsor Massachusetts Financial Services
Phone 1-800-637-2304
Location Massachusetts
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
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, 2023) $362M
Estimated Total Assets $345M
Net Assets $235M
Market Cap $198M
Portfolio Turnover 15.00%
Total Leverage 32.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.89%
Non Lev Exp Ratio 1.09%
Rel Lev Cost 3.81%
Discount Data
Average Discount (3 Yr) -9.88%
Discount Low(3 Yr) -16.29%
Discount High(3 Yr) -2.82%
Discount Rel Range (3 Yr) 5.00%
Comp Discount -4.50
Discount St Dev (1Yr) 1.31
Z-Stat (6mo) -1.43
Z-Stat (1Yr) -1.69
Z-Stat (3Yr) -1.74
Comp Z-Stat (6mo) -0.59
Comp Z-Stat (3Yr) -0.48
Distribution Data
Market Yield 4.37%
Income Yield 4.37%
Lev Adj NAV Yield 2.79%
Distribution Frequency M
Current Distribution $0.018
Current Income $0.018
Ex-Date 9/12/23
Payable Date 9/29/23
Div Growth (3yr) -35.19%
Dividend Change 2.9% on 8/1/23
Expected Div 10/2/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 2.4% 1.8%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 1.0% 0.3%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $436
Avg Volume 30 day 102,195
Avg Volume 90 day 90,698
Volume Trend 12.68%
Comp Volume Trend 12.82%
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): NZF 89.0%
NAV - Price Correlation (30 d) 59.2%
NAV - Price Correlation (90 d) 76.3%
NAV - Price Correlation (1 Yr) 88.2%
Price St Dev (1Yr) 16.6%
NAV St Dev (1Yr) 6.9%
Earnings / Share (7/31/23) $0.020
Earn Coverage 114.29%
Earnings Trend Flat
UNII / Share (7/31/23) $0.090
Rel UNII 42.86
UNII Trend Up
Bond Specific Data
Maturity 20.10
Duration 13.80
Credit Rating (rbo) BB
Investment Grade 45.09%
Non Investment Grade 21.57%
Unrated Bonds 33.33%
Average Bond Price 112.41
Discount vs Price -3.20
Coupon 4.97%
Zero Coupon 3.63%
AMT 19.00%
AMT Yield 4.13%
Bond Calls Risk 5.00%
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 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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