MFS Municipal Intermediate Fund R6 is an actively managed municipal bond mutual fund focused on generating total return with an emphasis on income that is exempt from federal income tax. The strategy invests primarily in intermediate‑term municipal securities, drawing on MFS’s long-standing municipal research platform and a portfolio management–driven risk budgeting approach that combines quantitative tools for market risk with deep analyst coverage of issuer‑specific risks. The fund targets consistent, risk‑aware results and benchmarks its performance against the Bloomberg Municipal Bond Index, with additional context from the Bloomberg Municipal 1–15 Year Index for intermediate exposures. Launched in 2021, the R6 share class carries no sales charge and is designed for eligible retirement and institutional platforms, with expense reductions contractually in place for a defined period. The portfolio spans a broad mix of state and local issuers, financing public projects such as education, transportation, utilities, and healthcare. By concentrating on the intermediate part of the municipal curve, the fund seeks a balance between income stability and interest‑rate sensitivity while maintaining diversified exposure across the national municipal market.
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