MFS California Municipal Bond Fund Class B (MBCAX)
| Fund Assets | 680.26M |
| Expense Ratio | 1.45% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.15 |
| Dividend Yield | 2.82% |
| Dividend Growth | 0.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 5.32 |
| YTD Return | -3.66% |
| 1-Year Return | -3.59% |
| 5-Year Return | -6.26% |
| 52-Week Low | 5.21 |
| 52-Week High | 5.70 |
| Beta (5Y) | 0.29 |
| Holdings | 407 |
| Inception Date | Sep 7, 1993 |
About MBCAX
MFS California Municipal Bond Fund Class B is a mutual fund focused on providing income that is exempt from both federal and California state personal income taxes. The fund primarily invests at least 80% of its assets in municipal bonds issued by entities within California, targeting securities that pay interest free from these taxes. Designed to appeal to California residents, it offers exposure to a diversified portfolio of over 400 holdings, including general obligation and revenue bonds with longer durations, typically exceeding six years. This strategy makes the fund a vehicle for those seeking tax-efficient income, especially in high-tax states like California. Managed since 1999 by experienced portfolio managers, the fund employs sector, security selection, and yield curve analysis to pursue its objective of total return, with a special emphasis on tax-exempt income. MFS California Municipal Bond Fund Class B plays a key role in the municipal bond market, helping investors mitigate tax liabilities while supporting infrastructure and public projects across California.
Performance
MBCAX had a total return of -3.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.08%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Top 10 Holdings
9.17% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 08.01.2055 | 1.39% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 4.5% | CA.LOSMFH 4.5 12.01.2059 | 1.14% |
| OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY 5.25% | CA.OAKSCD 5.25 08.01.2048 | 1.09% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 12.01.2054 | 0.82% |
| MOUNTAIN VIEW-WHISMAN CALIF SCH DIST 4.25% | CA.MOUSCD 4.25 09.01.2045 | 0.82% |
| CALIFORNIA ST DEPT VET AFFAIRS HOME PUR REV 4.3% | CA.CASHSG 4.3 12.01.2054 | 0.80% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2056 | 0.79% |
| OAKLAND CALIF 5.5% | CA.OAK 5.5 07.15.2053 | 0.79% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 12.01.2053 | 0.77% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75% | CA.SFOAPT 5.75 05.01.2048 | 0.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.01284 | Aug 1, 2025 |
| Jun 30, 2025 | $0.01266 | Jul 1, 2025 |
| May 30, 2025 | $0.01295 | Jun 2, 2025 |
| Apr 30, 2025 | $0.01251 | May 1, 2025 |
| Mar 31, 2025 | $0.01258 | Apr 1, 2025 |
| Feb 28, 2025 | $0.01141 | Mar 3, 2025 |