MFS North Carolina Municipal Bond Fund (MBNCX)
| Fund Assets | 468.03M |
| Expense Ratio | 1.59% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.55% |
| Dividend Growth | 7.18% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.39 |
| YTD Return | -3.14% |
| 1-Year Return | -3.23% |
| 5-Year Return | -5.64% |
| 52-Week Low | 10.20 |
| 52-Week High | 11.08 |
| Beta (5Y) | n/a |
| Holdings | 269 |
| Inception Date | Sep 7, 1993 |
About MBNCX
MFS North Carolina Municipal Bond Fund Class B is a specialty mutual fund focused on providing income that is generally exempt from both federal and North Carolina personal income tax. The fund primarily invests in municipal securities issued within North Carolina, as well as select instruments from U.S. territories, seeking to deliver "double tax-free" income for in-state residents. Its investment strategy involves sector and security selection along with yield curve analysis, capitalizing on both top-down and bottom-up research techniques. The portfolio is predominantly comprised of municipal bonds, with a small allocation to high-yield corporates and cash equivalents. Portfolio management emphasizes investment grade debt, but the fund may also hold below investment grade securities. Targeted investors typically include those seeking tax-advantaged fixed income, especially North Carolina residents. The fund’s significance in the financial market lies in its role as a tool for tax-efficient income generation, capital preservation, and municipal infrastructure financing. Managed by MFS, one of the industry’s oldest asset managers, this fund is a component of the broader municipal bond sector, which plays a vital role in facilitating local government projects and public works while providing income opportunities for investors.
Performance
MBNCX had a total return of -3.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.72%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
12.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.41% |
| UNIVERSITY N C HOSP CHAPEL HILL REV 5% | NC.UNCHGR 5 02.01.2046 | 1.43% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.31% |
| CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV | NC.CUMPOL 12.01.2027 | 1.29% |
| GREENVILLE N C UTILS COMMN COMB ENTERPRISE SYS REV 5% | NC.GRVUTL 5 09.01.2049 | 1.12% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 1.10% |
| NORTH CAROLINA HSG FIN AGY MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.45% | NC.NCSMFH 4.45 05.01.2040 | 1.09% |
| NORTH CAROLINA CAP FACS FIN AGY REV 5% | NC.NCSFAC 5 10.01.2044 | 1.09% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5.5% | NC.NCSHSG 5.5 01.01.2054 | 1.06% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5% | NC.NCSHSG 5 07.01.2047 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02335 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02274 | Jul 1, 2025 |
| May 30, 2025 | $0.02284 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02214 | May 1, 2025 |
| Mar 31, 2025 | $0.02238 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02015 | Mar 3, 2025 |