# MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mfsm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: MFS · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-12-05 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 an... ## Key Facts | Metric | Value | |---|---| | Price | $24.33 | | Expense Ratio | 0.34% | | Assets Under Management | $123.3M | | NAV | $24.29 (2026-10-29 close) | | Holdings Count | 0 | | Distribution Yield (TTM) | 3.62% | | Annual Distribution (TTM) | $0.88 /share | | Distribution Frequency | Monthly | | 52-Week Range | $23.11 – $25.55 | | Beta | 0.13 | ## Latest Distribution - Amount: $0.0749 /share - Ex-date: 2026-10-30 - Pay date: 2026-11-02 ## Frequently Asked Questions ### 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 $123.3M 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. ### Does MFSM pay a dividend? MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) currently distributes little or no income. Trailing-twelve-month yield is 3.62%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MFSM pay dividends? MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MFSM's dividend yield? MFSM's trailing-twelve-month yield is 3.62%, calculated from the sum of dividends over the past year divided by the current price. ### When is MFSM's next ex-dividend date? The most recently announced ex-dividend date for MFSM was 2026-10-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will MFSM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.34% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MFSM charge its expense ratio? The expense ratio is deducted in tiny daily slices from MFSM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MFSM cost more than a fund like VOO? MFSM is actively managed (current expense ratio 0.34%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MFSM's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MFSM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MFSM (0.34%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mfsm - Distribution history: https://www.dividenddata.com/funds/mfsm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mfsm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mfsm/expenses - Peer comparison: https://www.dividenddata.com/funds/mfsm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.