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Morningstar

MFS MA Municipal Bond R6 MPMAX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 8.86  /  +0.37 %
  • Total Assets 351.3 Mil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.35%
  • Effective Duration 6.66 years

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MPMAX

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

  • People Pillar

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

Strength in MFS MA Municipal Bond R6'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

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MPMAX

More MPMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Cash CASH_USD

2.43 8.6 Mil
Cash and Equivalents

MASSACHUSETTS BAY TRANSN AUTH MASS 3.05%

1.83 6.5 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 3.25%

1.53 5.4 Mil
municipal

MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5%

1.21 4.3 Mil
municipal

MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5%

1.19 4.2 Mil
municipal

NEW BEDFORD MASS 4%

1.18 4.2 Mil
municipal

MASSACHUSETTS ST 5%

1.15 4.1 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.14 4.0 Mil
municipal

TISBURY MASS 3%

1.11 3.9 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.09 3.9 Mil
municipal