MFS Multimarket Income Trust (MMT)

Market Cap: $267M

About: MFS Multimarket Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income, but may also consider capital appreciation. The fund invests a majority of its net assets in fixed-income securities, corporate bonds of the U.S and foreign issuers, U.S Government securities, foreign government securities, mortgage-backed and other asset-backed securities of U.S and foreign issuers, and debt instruments of issuers located in emerging market countries. The portfolio of investments comprises of different sector investments such as aerospace, airlines, automotive, chemicals, electronics, and others.

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1.16% more ownership

Funds ownership: 18.65% [Q1] → 19.8% (+1.16%) [Q2]

3% less funds holding

Funds holding: 78 [Q1] → 76 (-2) [Q2]

17% less capital invested

Capital invested by funds: $67.2M [Q1] → $56.1M (-$11.1M) [Q2]

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

42% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 24