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Morningstar

MFS MS Municipal Bond B MBMSX

Morningstar Analyst Rating
Quantitative rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 9.04  /  0.21 %
  • Total Assets 84.5 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.450%
  • Distribution Fee Level Below Average
  • Share Class Type —
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 1.76%
  • Effective Duration 7.73 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis MBMSX

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

People Pillar

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

Summary

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A strong Parent Pillar rating isn't sufficient for MFS MS Municipal Bond B to overcome lower marks in Process and other areas. This strategy retains its Morningstar Quantitative Rating of Neutral. 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.

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