MFS Arkansas Municipal Bond Fund (MARLX)
| Fund Assets | 137.28M |
| Expense Ratio | 0.60% |
| Min. Investment | $0.00 |
| Turnover | 15.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.58% |
| Dividend Growth | 7.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.64 |
| YTD Return | -2.92% |
| 1-Year Return | -2.91% |
| 5-Year Return | -1.80% |
| 52-Week Low | 8.43 |
| 52-Week High | 9.21 |
| Beta (5Y) | n/a |
| Holdings | 190 |
| Inception Date | Apr 1, 2016 |
About MARLX
MFS Arkansas Municipal Bond Fund Class I is a mutual fund specializing in long-term municipal securities, with a primary objective of generating total return while emphasizing income that is exempt from both federal and Arkansas state personal income taxes. The fund invests at least 80% of its net assets in bonds and related instruments issued by entities within Arkansas, such as local governments, state agencies, and public institutions. These securities typically support public infrastructure projects and community development, providing investors with a stream of tax-advantaged income. This fund is structured for investors seeking exposure to the Arkansas municipal bond market, and its portfolio generally maintains a medium credit quality and moderate interest rate sensitivity, with an effective duration around 6.75 years. It holds a diversified basket of approximately 190–194 holdings and has consistently paid monthly dividends. The fund is managed with a focus on security selection and yield curve positioning, enabling it to respond to changing economic conditions while seeking double tax-free income for Arkansas residents. Its notable size and long operating history underscore its established role in serving both income-focused investors and institutions looking for state-specific municipal bond exposure.
Performance
MARLX had a total return of -2.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.40%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
17.27% of assets| Name | Symbol | Weight |
|---|---|---|
| City of Little Rock AR - City of Little Rock | AR.LITFAC 5 07.01.2034 | 2.15% |
| Springdale Public Facilities Board | AR.SPRMED 5 03.01.2040 | 2.02% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue - Puerto Rico Sales Tax Financing Corp. Sales Tax | PR.PRCGEN 5 07.01.2058 | 1.95% |
| Arkansas Development Finance Authority | AR.ARSDEV 5 06.01.2034 | 1.86% |
| Arkansas State University | AR.ARSHGR 4.5 03.01.2031 | 1.79% |
| Arkansas Development Finance Authority | AR.ARSDEV 0 07.01.2027 | 1.65% |
| City of Batesville AR Sales & Use Tax - City of Batesville, Series 2024B | AR.BAT 4 02.01.2047 | 1.48% |
| City of Rogers AR Sales & Use Tax Revenue - City of Rogers | AR.ROGGEN 5 11.01.2036 | 1.46% |
| University of Arkansas | AR.UNVHGR 5 04.01.2047 | 1.46% |
| University of Arkansas | AR.UNVHGR 5 11.01.2047 | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02774 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02653 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02565 | Jul 1, 2025 |
| May 30, 2025 | $0.02639 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02551 | May 1, 2025 |
| Mar 31, 2025 | $0.02609 | Apr 1, 2025 |