Morningstar Municipal Bond Fund (MSTPX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MSTPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSTPX
MSTPX charges 0.58% annually. There are 220 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | MSTPX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MSTPX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MSTPX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MSTPX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | MSTPX vs FSMUX |
Best Risk-Adjusted Alternatives to MSTPX
MSTPX has a PortfoliosLab risk / return rank of 75. There are 152 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | MSTPX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MSTPX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | MSTPX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | MSTPX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | MSTPX vs DFSMX |
Top Performing MSTPX Alternatives (YTD)
MSTPX is at 1.48% YTD. There are 270 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | MSTPX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | MSTPX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | MSTPX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | MSTPX vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | MSTPX vs NPV |
Lowest Volatility Alternatives to MSTPX
MSTPX has 2.37% 1-year volatility. There are 172 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | MSTPX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | MSTPX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MSTPX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | MSTPX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | MSTPX vs DFSMX |
Lowest Drawdown Alternatives to MSTPX
MSTPX has a 1-year max drawdown of -2.08%. There are 82 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | MSTPX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MSTPX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | MSTPX vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MSTPX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MSTPX vs FHMIX |
Other Mutual Funds from Morningstar
The 8 most viewed Morningstar mutual funds shown here include MSTRX, MSTVX, MSTFX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Morningstar Total Return Bond Fund | Intermediate Core Bond | 11 | -0.37% | — | Nov 2018 | MSTPX vs MSTRX | |
| Morningstar Alternatives Fund | Multistrategy | 75 | 1.22% | — | Nov 2018 | MSTPX vs MSTVX | |
| Morningstar International Equity Fund | Foreign Large Cap Equities | 18 | 11.71% | — | Nov 2018 | MSTPX vs MSTFX | |
| Morningstar Global Income Fund | Global Allocation | 66 | 6.05% | — | Nov 2018 | MSTPX vs MSTGX | |
| Morningstar U.S. Equity Fund | Large Cap Blend Equities | 2 | 4.35% | — | Nov 2018 | MSTPX vs MSTQX | |
| Morningstar Multisector Bond Fund | Multisector Bonds | 48 | 1.80% | — | Nov 2018 | MSTPX vs MSTMX | |
| Morningstar Defensive Bond Fund | Short-Term Bond | 26 | -0.22% | — | Nov 2018 | MSTPX vs MSTBX | |
| Morningstar Global Opportunistic Equity Fund | Global Allocation | 6 | 5.46% | — | Nov 2018 | MSTPX vs MSTSX |
Often Compared With MSTPX
Investors most often compare MSTPX with DMREX, DCARX, FGNSX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | Municipal Bonds | 94 | 2.05% | — | Nov 2014 | MSTPX vs DMREX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.84% | — | Oct 2017 | MSTPX vs DCARX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | MSTPX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 78 | 1.81% | — | Jun 2012 | MSTPX vs FXIEX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 36 | 5.84% | — | Feb 1998 | MSTPX vs MUC | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 21 | 4.72% | — | Jul 1992 | MSTPX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 51 | 5.45% | — | Mar 1998 | MSTPX vs MUJ |
Compare MSTPX with Any Fund or Stock
Compare MSTPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSTPX with funds that move differently
Morningstar Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSTPX.
Explore MSTPX Diversifiers