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Morningstar

MFS NC Municipal Bond B MBNCX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 10.69  /  +0.11 %
  • Total Assets 446.0 Mil
  • Adj. Expense Ratio
    1.590%
  • Expense Ratio 1.590%
  • Distribution Fee Level Above 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 2.21%
  • Effective Duration 7.70 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis MBNCX

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

  • People Pillar

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

Strength in MFS NC 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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MBNCX

More MBNCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.58 7.1 Mil
municipal

UNIVERSITY N C HOSP CHAPEL HILL REV 5%

1.48 6.7 Mil
municipal

NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5.5%

1.20 5.4 Mil
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

1.19 5.4 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

1.15 5.2 Mil
municipal

NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5%

1.14 5.1 Mil
municipal

JOHNSTON CNTY N C WTR & SWR SYS REV 4%

1.10 5.0 Mil
municipal

CHARLOTTE N C ARPT REV 4%

1.10 4.9 Mil
municipal

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4%

1.07 4.8 Mil
municipal

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4%

1.07 4.8 Mil
municipal