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Morningstar

MFS PA Municipal Bond A MFPAX

Morningstar Analyst Rating
Quantitative rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 9.62  /  0.10 %
  • Total Assets 167.5 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.690%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.55%
  • Effective Duration 8.65 years

USD | NAV as of Feb 08, 2023 | 1-Day Return as of Feb 08, 2023, 11:13 PM GMT+00:00

Morningstar’s Analysis MFPAX

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

People Pillar

The People Pillar is our evaluation of the MFPAX 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 MFPAX’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 A to overcome lower marks in Process and other areas. This strategy retains its Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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