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Morningstar

MFS VA Municipal Bond C MVACX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 9.64  /  0.32 %
  • Total Assets 336.8 Mil
  • Adj. Expense Ratio
    1.560%
  • Expense Ratio 1.560%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.92%
  • Effective Duration 8.70 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MVACX

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

People Pillar

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

Strength in MFS VA Municipal Bond C'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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MVACX

More MVACX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 275
  • Other Holdings 2
  • % Assets in Top 10 Holdings 13.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV PUB HIGHER ED FING PROG 4%

1.65
5,940,647
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5%

1.50
5,396,131
municipal

VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV 3.5%

1.39
5,034,092
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.30
4,709,259
municipal

VIRGINIA ST PUB BLDG AUTH PUB FACS REV 4%

1.28
4,619,755
municipal

VIRGINIA COMWLTH UNIV REV 5%

1.27
4,599,349
municipal

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG

1.27
4,598,651
municipal

ARLINGTON CNTY VA INDL DEV AUTH MULTI-FAMILY REV 5%

1.15
4,134,299
municipal

WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5%

1.12
4,043,075
municipal

VIRGINIA ST HSG DEV AUTH 4.75%

1.12
4,040,723
municipal