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Morningstar

MFS MA Municipal Bond B MBMAX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 10.06  /  0.21 %
  • Total Assets 340.3 Mil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.570%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.05%
  • Effective Duration 7.26 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:18 PM GMT+0

Morningstar’s Analysis MBMAX

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

People Pillar

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

Strength in MFS MA 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 MBMAX

More MBMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 272
  • Other Holdings 2
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BRISTOL-PLYMOUTH MASS REG VOTECH SCH DIST 5%

1.90
6,152,259
municipal

NEW BEDFORD MASS 4%

1.33
4,302,450
municipal

MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5%

1.28
4,162,435
municipal

MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5%

1.25
4,065,907
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

1.11
3,582,602
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.09
3,536,859
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.07
3,477,011
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

1.06
3,429,438
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.04
3,386,101
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 2.45%

1.04
3,370,172
municipal