MFS Maryland Municipal Bond Fund Class B (MBMDX)
| Fund Assets | 157.23M |
| Expense Ratio | 1.58% |
| Min. Investment | $1,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.44% |
| Dividend Growth | 4.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.10 |
| YTD Return | 0.91% |
| 1-Year Return | 3.56% |
| 5-Year Return | -0.36% |
| 52-Week Low | 9.29 |
| 52-Week High | 10.11 |
| Beta (5Y) | n/a |
| Holdings | 230 |
| Inception Date | Sep 7, 1993 |
About MBMDX
MFS Maryland Municipal Bond Fund Class B is a single‑state municipal bond mutual fund focused on generating income that is generally exempt from federal income tax and Maryland personal income tax, while also considering long‑term total return. The fund primarily invests in investment‑grade municipal securities issued by Maryland state and local entities to finance public projects, employing sector and security selection and yield‑curve analysis to seek consistent tax‑advantaged income. It is managed within a long‑duration profile typical of muni single‑state long peers, reflecting exposure to interest‑rate sensitivity inherent in longer‑maturity bonds. The strategy’s benchmark is the Bloomberg Municipal Bond Index, providing a broad measure of the U.S. municipal market. The fund has been managed for many years by the MFS municipal team, with longstanding portfolio leadership and a track record dating back to the early 1990s for this share class and to the mid‑1980s for the overall strategy. For Maryland residents, its design targets double tax‑free income characteristics, while acknowledging that certain holdings may be subject to the alternative minimum tax and that capital gains distributions remain taxable.
Performance
MBMDX had a total return of 3.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.19%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SMDMX | Fidelity | Fidelity Maryland Municipal Income Fund | 0.55% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02113 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02072 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01958 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02103 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02048 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02126 | Sep 2, 2025 |