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This Muni Fund Stands Tall Among Its Peers

Silver-rated MFS Municipal Income has been a top performer in its category over the long term and has a competitive price tag to boot.

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Beth Foos: MFS Municipal Income (MFIAX) is a solid long-term option for investors looking for tax-free income. This fund is managed by a seasoned team that has delivered solid returns over the past decade at a very competitive price. With that, it earns a Morningstar Analyst Rating of Silver.

This team has seen some change recently--but it's not expected to shift the focus or the process of the fund dramatically. Veteran manager Geoff Schechter has been running this portfolio since 2000; in July 2015, Jason Kosty moved over from the research team to become his comanager here. Although he's new in the role, Kosty isn't new to the muni market; he has more than 19 years of experience behind him.

Elizabeth Foos does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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