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Morningstar

MFS NY Municipal Bond B MBNYX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 9.92  /  −0.09 %
  • Total Assets 170.9 Mil
  • Adj. Expense Ratio
    1.580%
  • Expense Ratio 1.580%
  • Distribution Fee Level Above Average
  • Share Class Type —
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.71%
  • Effective Duration 8.04 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis MBNYX

Will MBNYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MBNYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MBNYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MBNYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in MFS NY Municipal Bond B's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MBNYX

More MBNYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK TRANSN DEV CORP SPL FAC REV 5.63%

2.26 3.9 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.13 3.6 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 4%

1.94 3.3 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

1.91 3.3 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 4%

1.77 3.0 Mil
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4.25%

1.74 3.0 Mil
municipal

NEW YORK N Y CITY INDL DEV AGY ARPT FACS REV 5%

1.52 2.6 Mil
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 3.95%

1.46 2.5 Mil
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4.25%

1.44 2.5 Mil
municipal

PORT AUTH N Y & N J 4%

1.35 2.3 Mil
municipal