MFS Files Short-Duration Municipal Bond ETF for Tax-Exempt Income

The MFS Active Short Muni Bond ETF will invest at least 80% of assets in municipal securities whose interest is exempt from U.S. federal income tax. The actively-managed fund will employ a short-duration strategy, maintaining an average effective duration of no more than three years to help limit interest-rate risk. While focused primarily on investment-grade municipal bonds, the ETF may also hold below-investment-grade debt and concentrate in specific project sectors or states. Security selection will combine bottom-up credit research with broader macroeconomic analysis.