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Morningstar

MFS CA Municipal Bond B MBCAX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 5.32  /  0.16 %
  • Total Assets 495.1 Mil
  • Adj. Expense Ratio
    1.450%
  • Expense Ratio 1.450%
  • Distribution Fee Level Below Average
  • Share Class Type —
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.63%
  • Effective Duration 9.14 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis MBCAX

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

People Pillar

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

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

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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MBCAX

More MBCAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 382
  • Other Holdings 3
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.2%

1.97
10,005,108
municipal

MOUNTAIN VIEW-WHISMAN CALIF SCH DIST 4.25%

1.17
5,931,740
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.09
5,562,810
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.38%

1.08
5,468,547
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.05
5,342,138
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.04
5,309,622
municipal

RIVER ISLANDS PUB FING AUTH CALIF SPL TAX 4.25%

1.01
5,146,075
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV 4.1%

0.99
5,048,836
Cash and Equivalents

NORTH LAKE TAHOE CALIF PUB FING AUTH LEASE REV 5.5%

0.99
5,031,361
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.65%

0.98
4,993,918
municipal