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MFS Municipal Limited Maturity Fund
mutual fund
MTLBX
Payout Change
Pending
Price as of:
$8.02
+0.0
+0.0%
primary theme
Municipal Bond
share class
MTLBX (Mutual Fund)
MFS Municipal Limited Maturity Fund
Payout Change
Pending
Price as of:
$8.02
+0.0
+0.0%
primary theme
Municipal Bond
share class
MTLBX (Mutual Fund)
MFS Municipal Limited Maturity Fund
Payout Change
Pending
Price as of:
$8.02
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.1%
1 yr return
3.9%
3 Yr Avg Return
0.1%
5 Yr Avg Return
0.4%
Net Assets
$2.65 B
Holdings in Top 10
7.8%
52 WEEK LOW AND HIGH
$8.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.47%
SALES FEES
Front Load N/A
Deferred Load 4.00%
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MTLBX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 2.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameMFS Municipal Limited Maturity Fund
-
Fund Family NameMFS Funds
-
Inception DateJun 30, 1997
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeoffrey Schechter
Fund Description
The fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax. Interest from the fund’s investments may be subject to the federal alternative minimum tax.
MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests the fund’s assets primarily in municipal instruments.
The fund’s dollar-weighted average effective maturity will normally not exceed five years.
MFS primarily invests the fund’s assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.
MFS may invest 25% or more of the fund’s total assets in municipal instruments that finance similar types of projects, such as those relating to education, healthcare, housing, utilities, water, or sewers.
MFS may invest a significant percentage of the fund's assets in issuers in a single state, territory, or possession, or a small number of states, territories, or possessions.
While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps.
MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.
For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.
MTLBX - Performance
Return Ranking - Trailing
| Period | MTLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -4.4% | 40.7% | 66.76% |
| 1 Yr | 3.9% | -2.6% | 45.9% | 74.61% |
| 3 Yr | 0.1%* | -10.2% | 6.4% | 36.89% |
| 5 Yr | 0.4%* | -6.5% | 1105.2% | 79.59% |
| 10 Yr | 0.9%* | -0.9% | 249.0% | 88.21% |
* Annualized
Return Ranking - Calendar
| Period | MTLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.9% | -1.4% | 41.0% | 76.36% |
| 2022 | -6.7% | -39.7% | 0.3% | 15.09% |
| 2021 | -0.6% | -5.6% | 6.9% | 53.95% |
| 2020 | 1.3% | -2.6% | 310.0% | 68.77% |
| 2019 | 3.2% | 0.0% | 26.0% | 73.29% |
Total Return Ranking - Trailing
| Period | MTLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -4.4% | 40.7% | 66.76% |
| 1 Yr | 3.9% | -2.6% | 45.9% | 74.61% |
| 3 Yr | 0.1%* | -10.2% | 6.4% | 36.89% |
| 5 Yr | 0.4%* | -6.5% | 1105.2% | 79.59% |
| 10 Yr | 0.9%* | -0.9% | 249.0% | 88.21% |
* Annualized
Total Return Ranking - Calendar
| Period | MTLBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.7% | -1.3% | 41.0% | 89.36% |
| 2022 | -6.0% | -39.7% | 1.1% | 18.50% |
| 2021 | 0.0% | -4.8% | 23761504.0% | 86.46% |
| 2020 | 2.0% | -1.5% | 17057.9% | 89.64% |
| 2019 | 4.1% | 0.2% | 3514.6% | 86.54% |
NAV & Total Return History
MTLBX - Holdings
Concentration Analysis
| MTLBX | Category Low | Category High | MTLBX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.65 B | 3.22 M | 71.9 B | 13.17% |
| Number of Holdings | 1263 | 4 | 13418 | 7.12% |
| Net Assets in Top 10 | 204 M | -317 M | 3.09 B | 19.88% |
| Weighting of Top 10 | 7.81% | 1.8% | 100.3% | 87.63% |
Top 10 Holdings
- MFS Institutional Money Market Portfolio, Class A 1.53%
- County of Miami-Dade, Series 2024 A 0.80%
- Chandler Industrial Development Authority 0.75%
- California Community Choice Financing Authority 0.71%
- New York State Housing Finance Agency 0.71%
- Tennessee Energy Acquisition Corp. 0.71%
- Colorado Health Facilities Authority, Series 2019B 0.71%
- Tennergy Corp. 0.66%
- Tennessee Energy Acquisition Corp. 0.64%
- Commonwealth of Puerto Rico 0.61%
Asset Allocation
| Weighting | Return Low | Return High | MTLBX % Rank | |
|---|---|---|---|---|
| Bonds | 97.89% | 0.00% | 150.86% | 70.00% |
| Cash | 2.11% | -50.86% | 44.62% | 30.29% |
| Stocks | 0.00% | 0.00% | 99.78% | 46.78% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 38.75% |
| Other | 0.00% | -3.69% | 53.54% | 44.06% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 38.23% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MTLBX % Rank | |
|---|---|---|---|---|
| Municipal | 95.34% | 44.39% | 100.00% | 79.30% |
| Cash & Equivalents | 1.53% | 0.00% | 44.41% | 27.54% |
| Corporate | 0.31% | 0.00% | 9.41% | 7.35% |
| Derivative | 0.00% | -3.69% | 53.54% | 41.77% |
| Securitized | 0.00% | 0.00% | 5.93% | 38.57% |
| Government | 0.00% | 0.00% | 52.02% | 42.55% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MTLBX % Rank | |
|---|---|---|---|---|
| US | 97.89% | 0.00% | 142.23% | 67.56% |
| Non US | 0.00% | 0.00% | 23.89% | 42.85% |
MTLBX - Expenses
Operational Fees
| MTLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.47% | 0.01% | 8.02% | 16.67% |
| Management Fee | 0.35% | 0.00% | 1.20% | 27.05% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 88.03% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| MTLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | 4.00% | 0.25% | 5.00% | 3.85% |
Trading Fees
| MTLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MTLBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 0.00% | 283.00% | 51.98% |
MTLBX - Distributions
Dividend Yield Analysis
| MTLBX | Category Low | Category High | MTLBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.12% | 0.00% | 14.51% | 89.93% |
Dividend Distribution Analysis
| MTLBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MTLBX | Category Low | Category High | MTLBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -0.53% | 5.33% | 87.76% |
Capital Gain Distribution Analysis
| MTLBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.014 | OrdinaryDividend |
| Oct 31, 2024 | $0.015 | OrdinaryDividend |
| Sep 30, 2024 | $0.015 | OrdinaryDividend |
| Aug 30, 2024 | $0.014 | OrdinaryDividend |
| Jul 31, 2024 | $0.015 | OrdinaryDividend |
| Apr 30, 2024 | $0.013 | OrdinaryDividend |
| Mar 28, 2024 | $0.013 | OrdinaryDividend |
| Feb 29, 2024 | $0.013 | OrdinaryDividend |
| Jan 31, 2024 | $0.014 | OrdinaryDividend |
| Dec 29, 2023 | $0.013 | OrdinaryDividend |
| Nov 30, 2023 | $0.013 | OrdinaryDividend |
| Oct 31, 2023 | $0.012 | OrdinaryDividend |
| Sep 29, 2023 | $0.011 | OrdinaryDividend |
| Aug 31, 2023 | $0.011 | OrdinaryDividend |
| Jul 31, 2023 | $0.011 | OrdinaryDividend |
| Jun 30, 2023 | $0.010 | OrdinaryDividend |
| May 31, 2023 | $0.010 | OrdinaryDividend |
| Apr 28, 2023 | $0.009 | OrdinaryDividend |
| Mar 31, 2023 | $0.010 | OrdinaryDividend |
| Feb 28, 2023 | $0.008 | OrdinaryDividend |
| Jan 31, 2023 | $0.008 | OrdinaryDividend |
| Dec 30, 2022 | $0.008 | OrdinaryDividend |
| Nov 30, 2022 | $0.007 | OrdinaryDividend |
| Oct 31, 2022 | $0.007 | OrdinaryDividend |
| Sep 30, 2022 | $0.006 | OrdinaryDividend |
| Aug 31, 2022 | $0.005 | OrdinaryDividend |
| Jul 29, 2022 | $0.005 | OrdinaryDividend |
| Jun 30, 2022 | $0.004 | OrdinaryDividend |
| May 31, 2022 | $0.004 | OrdinaryDividend |
| Apr 29, 2022 | $0.004 | OrdinaryDividend |
| Mar 31, 2022 | $0.004 | OrdinaryDividend |
| Feb 28, 2022 | $0.003 | OrdinaryDividend |
| Jan 31, 2022 | $0.003 | OrdinaryDividend |
| Dec 31, 2021 | $0.003 | OrdinaryDividend |
| Nov 30, 2021 | $0.003 | OrdinaryDividend |
| Oct 29, 2021 | $0.003 | OrdinaryDividend |
| Sep 30, 2021 | $0.003 | OrdinaryDividend |
| Aug 31, 2021 | $0.003 | OrdinaryDividend |
| Jul 30, 2021 | $0.004 | OrdinaryDividend |
| Jun 30, 2021 | $0.004 | OrdinaryDividend |
| May 28, 2021 | $0.005 | OrdinaryDividend |
| Apr 30, 2021 | $0.004 | OrdinaryDividend |
| Mar 31, 2021 | $0.005 | OrdinaryDividend |
| Feb 26, 2021 | $0.004 | OrdinaryDividend |
| Jan 29, 2021 | $0.005 | OrdinaryDividend |
| Dec 31, 2020 | $0.006 | OrdinaryDividend |
| Nov 30, 2020 | $0.006 | OrdinaryDividend |
| Oct 30, 2020 | $0.006 | OrdinaryDividend |
| Sep 30, 2020 | $0.006 | OrdinaryDividend |
| Aug 31, 2020 | $0.007 | OrdinaryDividend |
| Jul 31, 2020 | $0.008 | OrdinaryDividend |
| Jun 30, 2020 | $0.008 | OrdinaryDividend |
| May 29, 2020 | $0.008 | OrdinaryDividend |
| Dec 31, 2019 | $0.000 | OrdinaryDividend |
| Nov 29, 2019 | $0.000 | OrdinaryDividend |
| Oct 31, 2019 | $0.000 | OrdinaryDividend |
| Sep 30, 2019 | $0.000 | OrdinaryDividend |
| Aug 30, 2019 | $0.000 | OrdinaryDividend |
| Jul 31, 2019 | $0.000 | OrdinaryDividend |
| Jun 28, 2019 | $0.010 | OrdinaryDividend |
MTLBX - Fund Manager Analysis
Managers
Geoffrey Schechter
Start Date
Tenure
Tenure Rank
Jan 14, 2000
22.39
22.4%
Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Jason Kosty
Start Date
Tenure
Tenure Rank
May 30, 2014
8.01
8.0%
Mr. Kosty, Investment Officer and Portfolio Manager of MFS Investment Management, has been employed in the investment area of MFS since 2003.
Michael Dawson
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
Michael L. Dawson is an investment officer and a portfolio manager of MFS Investment Management® (MFS®). Michael joined MFS in 1998 and was named portfolio manager in 1999. Prior to joining MFS, Michael worked in institutional sales - fixed income for Fidelity Capital Markets and Goldman Sachs. Prior to that, he was a research analyst in the municipal bond group at Franklin Templeton. He is a graduate of Santa Clara University and received an MBA degree from Babson College in 1999. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.
Megan Poplowski
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Employed in the investment area of MFS since 2015
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
