Advertisement
Skip to Content
Morningstar

MFS NY Municipal Bond B MBNYX

Morningstar Analyst Rating
Quantitative rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 10.13  /  0.28 %
  • Total Assets 222.0 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.580%
  • Distribution Fee Level Average
  • Share Class Type —
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.01%
  • Effective Duration 9.92 years

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

Morningstar’s Analysis MBNYX

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

People Pillar

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

Summary

|

A strong Parent Pillar rating isn't sufficient for MFS NY 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.

Unlock our full analysis with Morningstar Investor