MFS Alabama Municipal Bond Fund Class B (MBABX)
| Fund Assets | 70.00M |
| Expense Ratio | 1.65% |
| Min. Investment | $1,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.44% |
| Dividend Growth | 7.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.50 |
| YTD Return | 1.06% |
| 1-Year Return | 4.18% |
| 5-Year Return | -2.01% |
| 52-Week Low | 8.70 |
| 52-Week High | 9.51 |
| Beta (5Y) | n/a |
| Holdings | 157 |
| Inception Date | Sep 7, 1993 |
About MBABX
MFS Alabama Municipal Bond Fund Class B is a municipal bond mutual fund focused on generating total return, with an emphasis on income that is exempt from federal and Alabama state personal income taxes. The fund primarily invests in bonds issued by state and local governments and related agencies within Alabama, supporting public infrastructure and development projects. By concentrating on Alabama-issued municipal securities, the fund seeks to offer residents of the state the advantage of double tax-exempt income. It employs a strategy driven by sector and security selection, as well as active yield curve positioning, to optimize returns while prioritizing tax efficiency. With a history dating back to 1990, the fund provides exposure to the long-duration, single-state municipal bond sector, which is typically characterized by lower credit risk and steady income streams. Its investment universe and tax-exempt focus make it particularly relevant for Alabama residents seeking income with favorable tax treatment, playing a specialized role within the broader fixed income market and offering diversification benefits alongside taxable bond investments.
Performance
MBABX had a total return of 4.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.37%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0197 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02031 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01957 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02005 | Nov 3, 2025 |
| Sep 30, 2025 | $0.01914 | Oct 1, 2025 |
| Aug 29, 2025 | $0.01982 | Sep 2, 2025 |