MFS Mississippi Municipal Bond Fund Class B (MBMSX)
| Fund Assets | 64.48M |
| Expense Ratio | 1.41% |
| Min. Investment | $1,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.64% |
| Dividend Growth | 15.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.55 |
| YTD Return | -2.72% |
| 1-Year Return | -3.18% |
| 5-Year Return | -6.68% |
| 52-Week Low | 8.40 |
| 52-Week High | 9.08 |
| Beta (5Y) | 0.26 |
| Holdings | 138 |
| Inception Date | Sep 7, 1993 |
About MBMSX
MFS Mississippi Municipal Bond Fund Class B is a mutual fund specializing in municipal bonds, with a particular focus on debt securities from issuers located in Mississippi. The fund’s core purpose is to provide investors with current income that is exempt from federal and Mississippi personal income taxes. By investing primarily in tax-exempt bonds, the fund appeals to individuals seeking tax-advantaged income streams. Managed within the “Muni Single State Long” category, it allocates no more than one third of its assets to securities rated below the top three investment grades, prioritizing quality and risk management. The fund holds a diversified portfolio of municipal issues, often including bonds supporting infrastructure, healthcare, and public development projects within Mississippi, and occasionally other states for diversification. Regular monthly dividend distributions are a notable feature, reinforcing its income focus. Since its inception in 1993, the fund has provided investors with access to tax-exempt municipal debt markets and played a role in facilitating essential public financing. Its performance is measured against the Bloomberg Municipal Bond Index, and it is notable for its contingent deferred sales charge structure, which declines over time.
Performance
MBMSX had a total return of -3.18% 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.
Top 10 Holdings
20.35% of assets| Name | Symbol | Weight |
|---|---|---|
| JACKSON CNTY MISS UTIL AUTH WTR & WASTEWATER TREATMENT SYS REV 5% | MS.JACUTL 5 09.01.2040 | 3.14% |
| MISSISSIPPI HOME CORP SINGLE FAMILY MTG REV 4.65% | MS.MSSSFH 4.65 12.01.2054 | 2.65% |
| MISSISSIPPI DEV BK SPL OBLIG 4% | MS.MSSDEV 4 07.01.2050 | 2.06% |
| MEDICAL CENTER BUILDING CORP MISS REV 5% | MS.MDCEDU 5 06.01.2042 | 1.99% |
| MEDICAL CENTER BUILDING CORP MISS REV 5% | MS.MDCEDU 5 06.01.2047 | 1.98% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.94% |
| MISSISSIPPI DEV BK 5.25% | MS.MSSDEV 5.25 01.01.2034 | 1.73% |
| WEST RANKIN MISS UTIL AUTH REV 5% | MS.WRNUTL 5 01.01.2048 | 1.66% |
| MISSISSIPPI DEV BK SPL OBLIG 5.25% | MS.MSSDEV 5.25 10.01.2037 | 1.61% |
| MISSISSIPPI ST 5% | MS.MSS 5 11.01.2036 | 1.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02052 | Aug 1, 2025 |
| Jun 30, 2025 | $0.01948 | Jul 1, 2025 |
| May 30, 2025 | $0.01974 | Jun 2, 2025 |
| Apr 30, 2025 | $0.01895 | May 1, 2025 |
| Mar 31, 2025 | $0.02065 | Apr 1, 2025 |
| Feb 28, 2025 | $0.01705 | Mar 3, 2025 |