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Morningstar

MFS Municipal Limited Maturity B MTLBX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.90  /  0.00 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.340%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 0.76%
  • Effective Duration 3.05 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:14 PM GMT+00:00

Morningstar’s Analysis MTLBX

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

People Pillar

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

Summary

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Strength in MFS Municipal Limited Maturity B's Process Pillaris partially offset by an Average People Pillar rating, leading to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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