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.
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 shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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