MFS California Municipal Bond Fund Class B (MBCAX)
| Fund Assets | 788.09M |
| Expense Ratio | 1.45% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 2.57% |
| Dividend Growth | 4.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 5.53 |
| YTD Return | 0.93% |
| 1-Year Return | 5.15% |
| 5-Year Return | -1.36% |
| 52-Week Low | 5.25 |
| 52-Week High | 5.62 |
| Beta (5Y) | 0.32 |
| Holdings | 428 |
| 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 5.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.25%.
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 | 0.52% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.01297 | May 1, 2026 |
| Mar 31, 2026 | $0.01333 | Apr 1, 2026 |
| Feb 27, 2026 | $0.0121 | Mar 2, 2026 |
| Jan 30, 2026 | $0.01325 | Feb 2, 2026 |
| Dec 31, 2025 | $0.01322 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01273 | Dec 1, 2025 |