MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF

Frequently Asked Questions About MFSM

What does MFSM invest in?

MFSM is an actively managed fund that seeks total return with an emphasis on income exempt from federal income tax. It includes intermediate-term US municipal bonds whose interests are tax-exempt but subject to the federal alternative minimum tax. The fund primarily invests in investment grade quality debt instruments but may also include high-yield bonds. Its dollar-weighted average effective maturity ranges between three and ten years. To construct the portfolio, the fund uses a bottom-up investment approach, selecting investments based on fundamental analysis of individual instruments and their issuers. The adviser also considers top-down factors in structuring the fund. A significant percentage of the portfolio may be allocated to issuers in a single state, territory, or possession and 25% or more to municipal bonds that finance similar types of projects. The fund may use derivatives to adjust market and interest rate exposure or as alternatives to direct investments.

What is the expense ratio of MFSM?

MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) charges an expense ratio of 0.34%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MFSM?

MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) manages $102.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MFSM actively managed or an index fund?

MFSM is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MFSM's is 0.34%) in exchange for the discretion to over- or under-weight positions.

When was MFSM launched?

MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) launched in December 2024 and is managed by MFS.

How has MFSM performed?

MFSM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.