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Morningstar

MFS AL Municipal Bond B MBABX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 9.50  /  +0.02 %
  • Total Assets 70.9 Mil
  • Adj. Expense Ratio
    1.650%
  • Expense Ratio 1.650%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 250
  • Status Closed
  • TTM Yield 2.26%
  • Effective Duration 7.76 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:16 PM GMT+0

Morningstar’s Analysis MBABX

Will MBABX 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 MBABX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MBABX 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 MBABX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in MFS AL 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 MBABX

More MBABX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AUBURN UNIV ALA GEN FEE REV 5%

2.24 1.6 Mil
municipal

BALDWIN CNTY ALA PUB BLDG AUTH BLDG REV 4.38%

1.75 1.2 Mil
municipal

ALABAMA TRANSN INFRASTRUCTURE BK LTD OBLIG REV 5%

1.61 1.1 Mil
municipal

ALABAMA TRANSN INFRASTRUCTURE BK LTD OBLIG REV 5%

1.60 1.1 Mil
municipal

JEFFERSON CNTY ALA SWR REV 5.5%

1.59 1.1 Mil
municipal

OXFORD ALA 5%

1.55 1.1 Mil
municipal

LIMESTONE CNTY ALA WTR & SWR AUTH WTR & SWR REV 5%

1.54 1.1 Mil
municipal

TUSCALOOSA ALA CITY BRD ED SCH TAX WTS 5%

1.52 1.1 Mil
municipal

UAB MEDICINE FIN AUTH ALA REV 5%

1.49 1.0 Mil
municipal

CHEROKEE CNTY ALA BRD ED SPL TAX SCH WTS 5%

1.49 1.0 Mil
municipal