- What does MFSX invest in?
- This fund seeks to provide a high level of current income that is exempt from federal income tax. It is an actively managed exchange-traded fund that invests primarily in a portfolio of short-term, investment-grade municipal bonds. The fund's managers select securities based on their assessment of the issuer's credit quality, the instrument's terms, and prevailing market and economic conditions to manage interest rate sensitivity and credit risk.
- What is the expense ratio of MFSX?
- MFS Active Short Muni Bond ETF (MFSX) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.
- What is the duration of MFSX?
- Effective duration measures MFSX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MFSX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MFSX?
- MFSX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MFSX?
- Yield to maturity (YTM) is the total return you'd earn from MFSX if every bond in the portfolio is held to maturity at the current price. MFSX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is MFSX?
- MFS Active Short Muni Bond ETF (MFSX) manages $15.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
