MFS North Carolina Municipal Bond Fund Class B (MBNCX)

Fund Assets	513.70M
Expense Ratio	1.581%
Min. Investment	$1,000
Turnover	6.00%
Dividend (ttm)	0.28
Dividend Yield	2.79%
Dividend Growth	4.72%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.00
YTD Return	-5.46%
1-Year Return	-4.58%
5-Year Return	-7.11%
52-Week Low	9.87
52-Week High	10.96
Beta (5Y)	0.07
Holdings	309
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.

• Fund Family: MFS
• Category: Other States Muni
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MBNCX
• Share Class: B
• Index: Bloomberg Municipal Bond TR

Performance

MBNCX had a total return of -4.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.65%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.57%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.45%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.45%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MPNCX	R6	0.52%
MNCLX	I	0.59%
MSNCX	A	0.84%
MCNCX	C	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02542	Oct 1, 2026
Aug 31, 2026	$0.0253	Sep 1, 2026
Jul 31, 2026	$0.02394	Aug 3, 2026
Jun 30, 2026	$0.02296	Jul 1, 2026
May 29, 2026	$0.02363	Jun 1, 2026
Apr 30, 2026	$0.02284	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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