MSTPX Performance — Morningstar Municipal Bond Fund, Institutional Class
Data updated: 2026-09-28
MSTPX returned +0.79% year to date and +4.80% over one year to Jul 2026. Annualised returns are +3.23% over 3 years and +0.87% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $109 for the category, and to $105 over one year, against $105. Volatility over the past three years was 4.31% a year. In the 12 months to Jul 2026 the fund lost a net $4.4M, and assets reached $326.91M.
MSTPX Growth of $100
What $100 invested in Morningstar Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | MSTPX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $104 | $102 |
| Since data start (Feb 2020 – Jul 2026) | $109 | $107 |
MSTPX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.79% |
| 1 year | +4.80% |
| 3 years (annualised) | +3.23% |
| 5 years (annualised) | +0.87% |
MSTPX Annual Returns
Calendar-year total returns of Morningstar Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.79% |
| 2025 | +3.43% |
| 2024 | +2.57% |
| 2023 | +5.62% |
| 2022 | −7.19% |
| 2021 | +1.47% |
| 2020 (Feb–Dec) | +2.53% |
MSTPX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.1% | −1.6% | +0.9% | +0.4% | +0.8% | −1.4% | — | — | — | — | — |
| 2025 | +0.3% | +0.9% | −1.3% | −0.6% | −0.1% | +0.7% | −0.2% | +0.8% | +1.8% | +0.9% | +0.1% | +0.3% |
| 2024 | 0.0% | +0.1% | +0.1% | −0.6% | 0.0% | +1.3% | +0.8% | +0.6% | +0.9% | −0.9% | +1.3% | −1.0% |
| 2023 | +2.3% | −1.7% | +1.6% | 0.0% | −0.5% | +0.8% | +0.2% | −0.7% | −2.0% | −1.1% | +4.9% | +1.9% |
| 2022 | −2.0% | −0.5% | −2.2% | −2.1% | +1.0% | −1.4% | +2.0% | −1.8% | −2.9% | −0.6% | +3.5% | 0.0% |
| 2021 | +0.7% | −1.3% | +0.5% | +0.7% | +0.4% | +0.2% | +0.6% | −0.2% | −0.6% | −0.1% | +0.6% | +0.1% |
| 2020 | — | +1.2% | −4.0% | −1.8% | +3.0% | +1.2% | +1.4% | −0.1% | 0.0% | −0.2% | +1.4% | +0.7% |
MSTPX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.31%
- 3-year Sharpe ratio: -0.29 (vs 4.5% risk-free rate)
- Best month: +4.92% (Nov 2023)
- Worst month: −2.00% (Sep 2023)
MSTPX Fund Flows
Monthly money in and out of Morningstar Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.4M
- 12-month gross sales (incl. reinvestments): $68.7M
- Sales ÷ redemptions: 0.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $4.8M | $8.2M | −$3.4M |
| Jun 2026 | $4.4M | $6.0M | −$1.6M |
| May 2026 | $7.2M | $7.8M | −$627K |
| Apr 2026 | $8.3M | $7.6M | $676K |
| Mar 2026 | $4.8M | $6.5M | −$1.8M |
| Feb 2026 | $4.0M | $5.7M | −$1.7M |
| Jan 2026 | $9.3M | $5.3M | $4.0M |
| Dec 2025 | $8.1M | $5.0M | $3.1M |
| Nov 2025 | $5.6M | $6.0M | −$397K |
| Oct 2025 | $4.7M | $5.9M | −$1.2M |
| Sep 2025 | $3.4M | $5.1M | −$1.7M |
| Aug 2025 | $4.3M | $4.0M | $328K |
MSTPX Assets Under Management
Net assets of Morningstar Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $326.91M |
| 2026-04-30 | $336.24M |
| 2026-01-30 | $340.56M |
| 2025-10-31 | $332.90M |
| 2025-07-31 | $326.91M |
| 2025-04-30 | $304.51M |
| 2025-01-31 | $324.82M |
| 2024-10-31 | $321.86M |
| 2024-07-31 | $324.10M |
| 2024-04-30 | $328.32M |
| 2024-01-31 | $332.49M |
| 2023-10-31 | $313.80M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.