MFS Massachusetts Municipal Bond Fund Class B (MBMAX)
| Fund Assets | 374.43M |
| Expense Ratio | 1.57% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.46% |
| Dividend Growth | 2.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.85 |
| YTD Return | -2.79% |
| 1-Year Return | -2.73% |
| 5-Year Return | -6.03% |
| 52-Week Low | 9.65 |
| 52-Week High | 10.44 |
| Beta (5Y) | 0.27 |
| Holdings | 269 |
| Inception Date | Sep 7, 1993 |
About MBMAX
The MFS Massachusetts Municipal Bond Fund Class B is a mutual fund focused on generating tax-exempt income by investing primarily in municipal bonds issued within Massachusetts. Its primary objective is to seek total return, with a distinct emphasis on income that is exempt from both federal income tax and Massachusetts personal income tax, offering a "double tax-free" benefit particularly valuable to Massachusetts residents. The fund employs a strategy that leverages sector and security selection alongside yield curve analysis, aiming to provide steady, tax-advantaged income while also considering capital appreciation. By investing at least 80% of its assets in Massachusetts municipal debt, the fund plays a crucial role in supporting public projects such as infrastructure, education, and local government services within the state, contributing to the region’s development. With its longstanding history since 1985 and substantial asset base, the fund offers investors a vehicle for accessing the municipal bond market and diversifying their fixed-income exposure while mitigating certain tax obligations.
Performance
MBMAX had a total return of -2.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.91%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDMMX | Fidelity | Fidelity Massachusetts Municipal Income Fund | 0.45% |
Top 10 Holdings
12.72% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 3.19% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 1.34% |
| MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% | MA.MASTRN 5.25 07.01.2052 | 1.12% |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5% | MA.MASEDU 5 02.15.2044 | 1.08% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2053 | 1.07% |
| NEWTON MASS 4% | MA.NWT 4 02.01.2047 | 1.05% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5% | MA.MASHSG 5.5 12.01.2052 | 0.99% |
| TRI-CNTY REGL VOCATIONAL TECHNICAL SCH DIST MASS 4% | MA.TRIHGR 4 06.01.2044 | 0.98% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 0.96% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA.MASTRN 5 07.01.2042 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02145 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02061 | Jul 1, 2025 |
| May 30, 2025 | $0.02131 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02014 | May 1, 2025 |
| Mar 31, 2025 | $0.02057 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0183 | Mar 3, 2025 |