MFS North Carolina Municipal Bond Fund Class B (MBNCX)
| Fund Assets | 577.63M |
| Expense Ratio | 1.59% |
| Min. Investment | $1,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.54% |
| Dividend Growth | 5.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.91 |
| YTD Return | 2.40% |
| 1-Year Return | 6.93% |
| 5-Year Return | -0.56% |
| 52-Week Low | 10.28 |
| 52-Week High | 10.96 |
| Beta (5Y) | 0.07 |
| Holdings | 311 |
| 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 6.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.92%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02296 | Jul 1, 2026 |
| May 29, 2026 | $0.02363 | Jun 1, 2026 |
| Apr 30, 2026 | $0.02284 | May 1, 2026 |
| Mar 31, 2026 | $0.0236 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02094 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02329 | Feb 2, 2026 |