MFS Municipal Income Trust (MFM)

• Market cap: $219M
• 1 day: -1.85%
• 5 days: -5.01%
• 1 month: -3.98%
• 3 months: -7.01%
• 6 months: 0.00%
• Year to date: 2.12%
• 1 year: 2.71%
• 5 years: -25.00%
• 10 years: -20.03%

About: MFS Municipal Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

30% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 23

6% more capital invested

Capital invested by funds: $75.8M [Q2] → $80.2M (+$4.34M) [Q3]

0.31% more ownership

Funds ownership: 33.75% [Q2] → 34.05% (+0.31%) [Q3]

5% less funds holding

Funds holding: 79 [Q2] → 75 (-4) [Q3]

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8