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Morningstar

MFS WV Municipal Bond A MFWVX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.28  /  0.01 %
  • Total Assets 99.2 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.870%
  • 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 2.50%
  • Effective Duration 8.55 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis MFWVX

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

People Pillar

The People Pillar is our evaluation of the MFWVX 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 MFWVX’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 WV Municipal Bond A 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 second-costliest quintile among peers.

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