Mutual Fund Insights: MFS NC Municipal Bond A Fund (MSNCX)

In-depth Analysis of MFS NC Municipal Bond A Fund (MSNCX)

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See MFS NC Municipal Bond A Fund (MSNCX) performance details as of February 28, 2010

  

Last Trade: $11.76 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Michael L. Dawson

Fund Manager Tenure: 11.2 years
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)

Michael L. Dawson is assistant vice president and a portfolio manager of all state municipal bond funds at MFS Investment Management. Michael L. Dawson joined the firm in 1998 and became portfolio manager in 1999. Previously, Michael L. Dawson work in institutional sales-fixed income for Fidelity Capital Markets and Goldman Sachs. Prior to that, Michael L. Dawson was a research analyst in the municipal bonds group at Franklin Templeton.  Get more insights on Michael L. Dawson

  

 What we like about MFS NC Municipal Bond A Fund (MSNCX)

Data for MFS NC Municipal Bond A Fund (MSNCX) as of February 28, 2010

• MFS NC Municipal Bond A Fund (MSNCX) management has been with MFS NC Municipal Bond A Fund for 11.2 years
• MFS NC Municipal Bond A Fund (MSNCX) has good short-term performance (1-year return 9.57% vs 13.50 % Muni Single State Long category average)
• MFS NC Municipal Bond A Fund (MSNCX) has good mid-term performance (3-year return 4.01% vs 2.40 % Muni Single State Long category average)
• MFS NC Municipal Bond A Fund (MSNCX) has good Long-term performance (5-year return 3.93% vs 3.41 % Muni Single State Long category average)
• MFS NC Municipal Bond A Fund (MSNCX) ratio of up-years vs down years is greater than 2
• MFS NC Municipal Bond A Fund (MSNCX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.04, lower than category average of 7.98
• MFS NC Municipal Bond A Fund (MSNCX) has a lower management fee than its Muni Single State Long average: 0.81% vs 1.03%

  

 What we are cautious about MFS NC Municipal Bond A Fund (MSNCX)

Data for MFS NC Municipal Bond A Fund (MSNCX) as of February 28, 2010

• MFS NC Municipal Bond A Fund (MSNCX) has a Morningstar rating of 3 and below
• MFS NC Municipal Bond A Fund (MSNCX) has an annual stock turnover rate of 20.00% that is higher than the Muni Single State Long average of 19.68%. This could mean MFS NC Municipal Bond A is more nimble, but also signal potential high tax impact and high trading fees
• MFS NC Municipal Bond A Fund (MSNCX) carries a 4.75% load

See MFS NC Municipal Bond A Fund (MSNCX) performance details as of February 28, 2010

  

  

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MFS NC Municipal Bond A Fund (MSNCX) Net Asset

Track net asset change of MFS NC Municipal Bond A fund (MSNCX)

Date	Net Asset
02/2010	$422.38M
01/2010	$338.25M
11/2009	$328.27M

More historic net asset information on MFS NC Municipal Bond A Fund (MSNCX)

  

MFS NC Municipal Bond A Fund (MSNCX) Portfolio Allocation

Track portfolio allocation change of MFS NC Municipal Bond A fund (MSNCX)

Date	Cash	Stock	Bond	Other
01/2010	2.44%	0%	97.56%	0%
10/2009	2.19%	0%	97.81%	0%
09/2009	3.91%	0%	96.09%	0%

Click here to see more historic asset allocation information on MFS NC Municipal Bond A Fund (MSNCX)

  

Most Recent Top 10 Holdings in MFS NC Municipal Bond A Fund (MSNCX)

Discover what MFS NC Municipal Bond A Fund (MSNCX) manager is buying

31-Jan-10 North Carolina Eastn Mun Pwr A Pwr Sy 6% [3.93%] Puerto Rico Comwlth Hwy & Tran Hwy Re 6% [3%] Pitt Cnty N C Rev Hosp 5.25% [2.68%] New Hanover Cnty N C Hosp Rev Hosp 5% [1.55%] Wake Cnty N C Ltd Obl Ltd Go Bd 5% [1.54%] Cabarrus Cnty N C Ctfs Partn Installm 5% [1.4%] North Carolina Mun Pwr Agy No Rols 5.25% [1.36%] Charlotte N C Ctfs Partn Cops 5% [1.3%] New Hanover Cnty N C G.O. Pub 5.8% [1.09%] Charlotte N C Arpt Rev Rev Bds 5% [1.09%]

31-Oct-09 North Carolina Eastn Mun Pwr A Pwr Sy 6% [4.17%] Puerto Rico Comwlth Hwy & Tran Hwy Re 6% [3.19%] Pitt Cnty N C Rev Hosp 5.25% [2.84%] New Hanover Cnty N C Hosp Rev Hosp 5% [1.62%] North Carolina Mun Pwr Agy No Rols 5.25% [1.48%] Cabarrus Cnty N C Ctfs Partn Installm 5% [1.46%] North Carolina Mun Pwr Agy No Catawba 6% [1.37%] Charlotte N C Arpt Rev Rev Bds 5% [1.19%] New Hanover Cnty N C G.O. Pub 5.8% [1.18%] North Carolina Cap Facs Fin Ag Re 5.125% [1.13%]

30-Sep-09 North Carolina Eastn Mun Pwr A Pwr Sy 6% [4.36%] Puerto Rico Comwlth Hwy & Tran Hwy Re 6% [3.23%] Pitt Cnty N C Rev Hosp 5.25% [2.89%] New Hanover Cnty N C Hosp Rev Hosp 5% [1.64%] North Carolina Mun Pwr Agy No Rols 5.25% [1.49%] Cabarrus Cnty N C Ctfs Partn Installm 5% [1.48%] North Carolina Mun Pwr Agy No Catawba 6% [1.36%] Charlotte N C Arpt Rev Rev Bds 5% [1.18%] New Hanover Cnty N C G.O. Pub 5.8% [1.17%] North Carolina Cap Facs Fin Ag Re 5.125% [1.14%]

Click here for Stock Holding Change Map in MFS NC Municipal Bond A Fund (MSNCX)

  

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Latest News on MFS NC Municipal Bond A (MSNCX)

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See more information on MFS NC Municipal Bond A Fund (MSNCX)

• MFS NC Municipal Bond A Fund Insights
• MFS NC Municipal Bond A Fund Performance Data
• MFS NC Municipal Bond A Fund News
• MFS NC Municipal Bond A Fund Score Explaination
• MFS NC Municipal Bond A Fund Manager Information
• Historic MFS NC Municipal Bond A Fund Asset Allocation Report
• Historic MFS NC Municipal Bond A Fund Top 10 Holding Tracking
• Historic MFS NC Municipal Bond A Fund Asset Under Management Tracking