MFS Multimarket Income Trust (MMT) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MMT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMT
MMT charges 0.03% annually. There is 1 mutual fund in the Multisector Bonds category with a lower expense ratio, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Short Duration Diversified Income Fund | 0.02% | — | Feb 2005 | MMT vs EVG | |
| Nuveen Multi-Market Income Fund | 0.04% | — | Dec 1988 | MMT vs JMM | |
| KKR Income Opportunities Fund | 0.04% | — | Jul 2013 | MMT vs KIO | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | MMT vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | MMT vs VMSAX |
Best Risk-Adjusted Alternatives to MMT
MMT has a PortfoliosLab risk / return rank of 6. There are 92 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | MMT vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | MMT vs NWXEX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | MMT vs RFXIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | MMT vs BWDTX | |
| Oaktree Diversified Income Fund Inc. Class D | 98 | — | Nov 2021 | MMT vs ODIDX |
Top Performing MMT Alternatives (YTD)
MMT is at -2.30% YTD. There are 100 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.38%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Brookfield Real Assets Income Fund Inc. | 5.38% | — | — | MMT vs RA | |
| abrdn Income Credit Strategies Fund | 3.47% | — | Jan 2011 | MMT vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.07% | — | May 2016 | MMT vs LFLIX | |
| Saba Capital Income & Opportunities Fund | 3.06% | — | Dec 1987 | MMT vs BRW | |
| Intrepid Income Fund | 2.85% | — | Aug 2010 | MMT vs ICMUX |
Lowest Volatility Alternatives to MMT
MMT has 9.09% 1-year volatility. There are 91 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.17% | — | Nov 2015 | MMT vs NWXHX | |
| Nationwide Strategic Income A | 1.24% | — | Nov 2015 | MMT vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | MMT vs BWDTX | |
| Rational Special Situations Income Fund | 1.38% | — | Jul 2019 | MMT vs RFXIX | |
| Oaktree Diversified Income Fund Inc. Class D | 1.47% | — | Nov 2021 | MMT vs ODIDX |
Lowest Drawdown Alternatives to MMT
MMT has a 1-year max drawdown of -5.83%. There are 87 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | MMT vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | MMT vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | MMT vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | MMT vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | MMT vs BWDTX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 40 | 8.67% | — | Jan 1996 | MMT vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 70 | 10.58% | — | May 2006 | MMT vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 61 | 11.35% | — | Sep 2004 | MMT vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 69 | 10.50% | — | Feb 1996 | MMT vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 6 | -1.78% | — | Jan 1935 | MMT vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 7 | 0.75% | — | Jun 2012 | MMT vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 7 | 0.70% | — | Jul 1997 | MMT vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 51 | 9.12% | — | — | MMT vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 67 | 10.34% | — | Jan 1996 | MMT vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 39 | 8.24% | — | Jul 1924 | MMT vs MITTX |
Often Compared With MMT
Investors most often compare MMT with VGI, TQPAX, PFL. These 16 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MMT with Any Fund or Stock
Compare MMT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMT with funds that move differently
MFS Multimarket Income Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMT.
Explore MMT Diversifiers