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 218 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 | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MSTPX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MSTPX vs FHMIX | |
| 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 77. There are 239 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 | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | MSTPX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MSTPX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | MSTPX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | MSTPX vs TFCYX |
Top Performing MSTPX Alternatives (YTD)
MSTPX is at 1.44% YTD. There are 298 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.06% | — | Apr 1998 | MSTPX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.21% | — | Nov 2002 | MSTPX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.32% | — | Oct 1992 | MSTPX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.66% | — | Nov 2001 | MSTPX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.62% | — | Feb 1998 | MSTPX vs MUC |
Lowest Volatility Alternatives to MSTPX
MSTPX has 2.37% 1-year volatility. There are 174 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | MSTPX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | MSTPX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | MSTPX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | MSTPX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MSTPX vs USMTX |
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 | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MSTPX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MSTPX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | MSTPX vs DFABX |
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 | -0.48% | — | Nov 2018 | MSTPX vs MSTRX | |
| Morningstar Alternatives Fund | Multistrategy | 80 | 1.69% | — | Nov 2018 | MSTPX vs MSTVX | |
| Morningstar International Equity Fund | Foreign Large Cap Equities | 16 | 11.62% | — | Nov 2018 | MSTPX vs MSTFX | |
| Morningstar U.S. Equity Fund | Large Cap Blend Equities | 2 | 7.28% | — | Nov 2018 | MSTPX vs MSTQX | |
| Morningstar Global Income Fund | Global Allocation | 65 | 6.54% | — | Nov 2018 | MSTPX vs MSTGX | |
| Morningstar Multisector Bond Fund | Multisector Bonds | 45 | 1.94% | — | Nov 2018 | MSTPX vs MSTMX | |
| Morningstar Defensive Bond Fund | Short-Term Bond | 25 | -0.07% | — | Nov 2018 | MSTPX vs MSTBX | |
| Morningstar Global Opportunistic Equity Fund | Global Allocation | 7 | 8.74% | — | Nov 2018 | MSTPX vs MSTSX |
Often Compared With MSTPX
Investors most often compare MSTPX with FGNSX, APUSX, DMREX. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | MSTPX vs FGNSX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | MSTPX vs APUSX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 95 | 2.15% | — | Nov 2014 | MSTPX vs DMREX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 29 | 6.33% | — | Mar 1993 | MSTPX vs NPV | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 95 | 2.04% | — | Oct 2017 | MSTPX vs DCARX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 88 | 2.22% | — | Jun 2012 | MSTPX vs FXIEX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | MSTPX vs DNYMX | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 29 | 5.45% | — | Jul 1992 | MSTPX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 70 | 6.57% | — | 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