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Morningstar

MFS PA Municipal Bond B MBPAX

Morningstar Analyst Rating
Quantitative rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 9.67  /  0.30 %
  • Total Assets 167.8 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.440%
  • Distribution Fee Level Average
  • Share Class Type —
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 1.80%
  • Effective Duration 8.65 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis MBPAX

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

People Pillar

The People Pillar is our evaluation of the MBPAX 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 MBPAX’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 PA 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 most expensive quintile among peers.

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