MFS Active Intermediate Muni Bond ETF (MFSM)

The MFS Active Intermediate Muni Bond ETF is an actively managed fixed income fund from MFS Investment Management. It seeks income that is exempt from federal income tax by investing primarily in municipal bonds issued by U.S. states, cities and other public entities.

The fund targets the intermediate segment of the municipal yield curve and focuses mainly on investment-grade issues, though the managers may include some lower-rated bonds. MFS's municipal research team selects securities across sectors such as general obligations, transportation, health care and utilities and actively manages duration and credit exposure.