MFS Expands Active Fixed Income ETF Lineup With MFSX and MFSD

MFS has launched two actively managed short-duration fixed income ETFs: the MFS Active Short Muni Bond ETF (MFSX) and MFS Active Short Duration Income ETF (MFSD). MFSX normally invests at least 80% of assets in federally tax-exempt municipal instruments and maintains portfolio duration of no more than three years. MFSD invests across government, corporate, securitized and other debt, targeting duration within one year of the Bloomberg 1-5 Year Government/Credit Bond Index. Both primarily hold investment-grade debt, can invest in below-investment-grade securities and use MFS’s fundamental, bottom-up security selection process.