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Morningstar

MFS NC Municipal Bond A MSNCX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 10.53  /  0.29 %
  • Total Assets 434.8 Mil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • 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 3.02%
  • Effective Duration 7.64 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis MSNCX

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

People Pillar

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

Strength in MFS NC 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-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MSNCX

More MSNCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 313
  • Other Holdings 1
  • % Assets in Top 10 Holdings 12.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY N C HOSP CHAPEL HILL REV 5%

1.55
6,459,103
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.50
6,241,067
municipal

NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5.5%

1.25
5,210,109
municipal

FORSYTH CNTY N C LTD OBLIG 4%

1.21
5,048,680
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

1.20
4,986,654
municipal

NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5%

1.19
4,965,728
municipal

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4%

1.02
4,272,330
municipal

GREENSBORO N C ENTERPRISE SYS REV 5.25%

1.02
4,256,414
municipal

CHARLOTTE N C ARPT REV 4%

1.02
4,256,189
municipal

CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 5%

1.01
4,210,736
municipal