Skip to Content
Morningstar

MFS AL Municipal Bond A MFALX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 8.83  /  0.24 %
  • Total Assets 63.6 Mil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.68%
  • Effective Duration 8.59 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MFALX

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

People Pillar

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

Strength in MFS AL Municipal Bond A'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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MFALX

More MFALX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 184
  • Other Holdings 1
  • % Assets in Top 10 Holdings 16.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AUBURN UNIV ALA GEN FEE REV 5%

2.33
1,587,953
municipal

ALABAMA TRANSN INFRASTRUCTURE BK LTD OBLIG REV 5%

1.68
1,143,541
municipal

ALABAMA TRANSN INFRASTRUCTURE BK LTD OBLIG REV 5%

1.66
1,132,509
municipal

UNIVERSITY NORTH ALA REV 5%

1.59
1,085,806
municipal

LIMESTONE CNTY ALA WTR & SWR AUTH WTR & SWR REV 5%

1.59
1,085,762
municipal

TUSCALOOSA ALA CITY BRD ED SCH TAX WTS 5%

1.59
1,082,276
municipal

OXFORD ALA 5%

1.57
1,073,275
municipal

UAB MEDICINE FIN AUTH ALA REV 5%

1.56
1,061,273
municipal

AUBURN ALA WTR WKS BRD WTR REV 5%

1.55
1,056,998
municipal

CHEROKEE CNTY ALA BRD ED SPL TAX SCH WTS 5%

1.55
1,055,970
municipal