- Issuer
- MFS
- Inception Date
- May 11, 2021
- Category
- Municipal Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MIUIX Performance Chart
MFS Municipal Intermediate Fund (MIUIX) is up 1.5% since the beginning of the year. MIUIX is currently trading at $9 per share. Investors who bought $1,000 worth of MIUIX shares 5 years ago would now be looking at an investment worth $1,076.
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Returns By Period
MFS Municipal Intermediate Fund (MIUIX) has returned 1.54% so far this year and 7.23% over the past 12 months.
MFS Municipal Intermediate Fund
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 1.54%
- 6M
- 1.97%
- 1Y
- 7.23%
- 3Y*
- 4.88%
- 5Y*
- 1.47%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MIUIX Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2021, MIUIX's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +5.3%, while the worst month was Sep 2022 at -3.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MIUIX closed higher 33% of trading days. The best single day was Apr 10, 2025 with a return of +1.7%, while the worst single day was Apr 7, 2025 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.07% | 1.35% | -2.43% | 0.96% | 0.53% | 0.11% | 1.54% | ||||||
| 2025 | 0.85% | 1.44% | -1.11% | -0.17% | 0.21% | 0.86% | -0.01% | 0.87% | 1.84% | 1.07% | 0.30% | 0.32% | 6.64% |
| 2024 | 0.20% | 0.17% | -0.11% | -1.01% | -0.13% | 1.84% | 0.85% | 0.84% | 1.05% | -1.29% | 1.68% | -1.09% | 3.00% |
| 2023 | 2.91% | -2.26% | 2.05% | -0.22% | -1.03% | 0.71% | 0.26% | -1.21% | -2.26% | -1.37% | 5.29% | 2.51% | 5.19% |
| 2022 | -2.01% | -0.62% | -2.89% | -2.18% | 1.09% | -1.51% | 2.30% | -2.16% | -3.53% | -0.69% | 3.90% | 0.19% | -8.06% |
| 2021 | 0.10% | 0.10% | 0.70% | -0.30% | -0.79% | -0.27% | 0.30% | 0.01% | -0.17% |
Benchmark Metrics
MFS Municipal Intermediate Fund has an annualized alpha of 1.42%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 27, 2021.
- This fund participated in 32.31% of S&P 500 Index downside but only 17.82% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.42%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 17.82%
- Downside Capture
- 32.31%
Expense Ratio
MIUIX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MIUIX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS Municipal Intermediate Fund (MIUIX) and compare them to S&P 500 Index.
| MIUIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.80 | 2.24 | +0.56 |
Sortino ratioReturn per unit of downside risk | 4.43 | 3.07 | +1.36 |
Omega ratioGain probability vs. loss probability | 1.75 | 1.41 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.93 | -0.66 |
Martin ratioReturn relative to average drawdown | 7.69 | 13.52 | -5.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
MFS Municipal Intermediate Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.45 | $0.33 | $0.22 | $0.12 | $0.06 |
Dividend yield | 3.68% | 4.82% | 3.61% | 2.39% | 1.30% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Municipal Intermediate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | ||||||
| 2025 | $0.06 | $0.05 | $0.06 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.45 |
| 2024 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.00 | $0.03 | $0.02 | $0.02 | $0.00 | $0.03 | $0.00 | $0.03 | $0.03 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.12 |
| 2021 | $0.01 | $0.00 | $0.05 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Municipal Intermediate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Municipal Intermediate Fund was 12.91%, occurring on Oct 25, 2022. Recovery took 584 trading sessions.
The current MFS Municipal Intermediate Fund drawdown is 0.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -12.91%Oct 2022 | 1y 2mo | 2y 4mo | 3y 6moAug 2021 - Feb 2025 |
2025 selloff2025 | -4.14%Apr 2025 | 1mo 7d | 3mo 24d | 5mo 1dMar 2025 - Aug 2025 |
2026 pullback2026 | -3.15%Mar 2026 | 25d | — | 3mo 4dMar 2026 - now |
2025 pullback2025 | -0.64%Sep 2025 | 8d | 14d | 22dSep 2025 - Oct 2025 |
2021 pullback2021 | -0.40%Jun 2021 | 6d | 15d | 21dJun 2021 - Jul 2021 |
Drawdown Indicators
| MIUIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.91% | -56.78% | +43.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -9.10% | +5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -18.90% | +13.86% |
Max Drawdown (5Y)Largest decline over 5 years | -12.91% | -25.43% | +12.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.74% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -10.72% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.97% | -1.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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