MFS California Municipal Bond Fund Class B (MBCAX)

Fund Assets	731.19M
Expense Ratio	1.468%
Min. Investment	$1,000
Turnover	15.00%
Dividend (ttm)	0.16
Dividend Yield	3.06%
Dividend Growth	5.19%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	5.14
YTD Return	-4.99%
1-Year Return	-4.32%
5-Year Return	-7.59%
52-Week Low	5.07
52-Week High	5.62
Beta (5Y)	0.33
Holdings	440
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.

• Fund Family: MFS
• Category: Muni California Long
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MBCAX
• Share Class: B
• Index: Bloomberg Municipal Bond TR

Performance

MBCAX had a total return of -4.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.02%.

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 Muni Inc A	0.76%
FCTFX	Fidelity	Fidelity California Municipal Income Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.40%
FCMQX	Fidelity	Fidelity Advisor California Muni Inc I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.67%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MPOAX	R6	0.50%
MCAVX	I	0.56%
MCFTX	A	0.66%
MCCAX	C	1.56%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.01359	Oct 1, 2026
Aug 31, 2026	$0.01382	Sep 1, 2026
Jul 31, 2026	$0.01372	Aug 3, 2026
Jun 30, 2026	$0.01309	Jul 1, 2026
May 29, 2026	$0.01395	Jun 1, 2026
Apr 30, 2026	$0.01297	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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