MFS Municipal Income Fund - Cl A1 (MMIDX)

The MFS Municipal Income Fund - Class A1 (MMIDX) is a mutual fund that primarily invests in municipal bonds, which are debt securities issued by state and local governments. This fund aims to provide investors with a steady stream of tax-free income while also preserving capital. It may also invest in other fixed-income securities, such as corporate bonds and mortgage-backed securities. The Class A1 shares of this fund have a lower expense ratio compared to other share classes, making it an attractive option for investors seeking tax-exempt income.