MTLFX

About MTLFX

MFS Municipal Limited Maturity Fund Class A is a tax‑exempt municipal bond mutual fund designed to deliver total return with an emphasis on federally tax‑free income while also considering capital preservation. The portfolio primarily invests in short‑ to intermediate‑term municipal securities, maintaining a dollar‑weighted average effective maturity that typically does not exceed five years, aligning it with the muni national short category. Managed by MFS’s municipal team, the strategy applies a risk‑aware, research‑driven process that combines portfolio‑level risk budgeting with issuer‑level analysis to manage both market and idiosyncratic risks. The fund tracks its results against the Bloomberg 1–9 Year Municipal Bond Index, reflecting its focus on the medium‑term tax‑exempt market. It distributes income monthly, and dividends are generally exempt from federal income tax, though they may be subject to state and local taxes and the alternative minimum tax in certain cases. With billions in assets and a long operating history since 1992, the fund serves investors seeking shorter‑duration municipal exposure for income generation and stability within diversified fixed income allocations.