MFS Municipal Limited Maturity Fund (MTLFX) 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 MTLFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MTLFX
MTLFX charges 0.60% annually. There are 230 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 | MTLFX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MTLFX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MTLFX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | MTLFX vs FSMUX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07% | — | Dec 2017 | MTLFX vs FGNSX |
Best Risk-Adjusted Alternatives to MTLFX
MTLFX has a PortfoliosLab risk / return rank of 66. There are 221 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 | MTLFX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | MTLFX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | MTLFX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MTLFX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | MTLFX vs DFSMX |
Top Performing MTLFX Alternatives (YTD)
MTLFX is at 0.78% YTD. There are 412 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | MTLFX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | MTLFX vs NRK | |
| Nuveen Virginia Quality Municipal Income Fund | 7.07% | — | Mar 1993 | MTLFX vs NPV | |
| AllianceBernstein National Municipal Income Fund | 6.29% | — | Nov 2001 | MTLFX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | MTLFX vs MIY |
Lowest Volatility Alternatives to MTLFX
MTLFX has 1.85% 1-year volatility. There are 80 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 | MTLFX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MTLFX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MTLFX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | MTLFX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | MTLFX vs DFSMX |
Lowest Drawdown Alternatives to MTLFX
MTLFX 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 | MTLFX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MTLFX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MTLFX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | MTLFX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MTLFX vs FHMIX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 10 | 3.08% | — | Jan 1996 | MTLFX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 21 | 3.89% | — | May 2006 | MTLFX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 35 | 9.58% | — | Sep 2004 | MTLFX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 20 | 3.85% | — | Feb 1996 | MTLFX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 9 | 0.29% | — | Jan 1935 | MTLFX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 15 | 6.70% | — | Jun 2012 | MTLFX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 14 | 6.65% | — | Jul 1997 | MTLFX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 25 | 6.59% | — | — | MTLFX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 20 | 3.72% | — | Jan 1996 | MTLFX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 40 | 8.02% | — | Jul 1924 | MTLFX vs MITTX |
Often Compared With MTLFX
Investors most often compare MTLFX with GTDDX, DCARX, NUV. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MTLFX with Any Fund or Stock
Compare MTLFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MTLFX with funds that move differently
MFS Municipal Limited Maturity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MTLFX.
Explore MTLFX Diversifiers