MFS Virginia Municipal Bond Fund (MBVAX)
| Fund Assets | 357.51M |
| Expense Ratio | 1.56% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.42% |
| Dividend Growth | 7.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.21 |
| YTD Return | 0.57% |
| 1-Year Return | n/a |
| 5-Year Return | -2.23% |
| 52-Week Low | 9.65 |
| 52-Week High | 10.48 |
| Beta (5Y) | 0.30 |
| Holdings | 235 |
| Inception Date | Sep 7, 1993 |
About MBVAX
MFS Virginia Municipal Bond Fund Class B is a mutual fund dedicated to investing primarily in municipal bonds issued by the state of Virginia and its local authorities. The fund's main objective is to achieve total return with a particular focus on providing income that is exempt from both federal and Virginia state personal income taxes. It typically invests at least 80% of its assets in securities whose interest income qualifies for these tax exemptions, making it especially relevant for investors seeking tax-advantaged income within the state. With a diversified portfolio that included 238 holdings as of early 2025, the fund targets a range of Virginia’s public infrastructure and civic projects, such as transportation, housing, education, and public utilities. This broad exposure helps support the financing needs of key sectors within Virginia’s economy. The fund is structured as a Class B share offering, which carries a deferred sales charge that decreases over a six-year period. It features a moderate yield payout distributed monthly, catering to those prioritizing steady, tax-efficient income. Operating since 1993, the fund plays a specialized role by connecting investors to Virginia’s municipal market while emphasizing both safety and income generation within the municipal bond space.
Top 10 Holdings
14.06% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 2.06% |
| Currency Cash CASH_USD | n/a | 2.02% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2045 | 1.50% |
| VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG | VA.VACHGR 5 02.01.2038 | 1.27% |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25% | VA.HRDTRN 5.25 07.01.2064 | 1.23% |
| LOUISA VA INDL DEV AUTH POLLUTN CTL REV 0% | VA.LOUPOL 11.01.2035 | 1.21% |
| ISLE WIGHT CNTY VA ECONOMIC DEV AUTH HEALTH SYS REV 5.25% | VA.ILWDEV 5.25 07.01.2048 | 1.21% |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV 4% | VA.VASDEV 11.01.2052 | 1.20% |
| VIRGINIA ST HSG DEV AUTH 5.15% | VA.VASHSG 5.15 11.01.2048 | 1.20% |
| RICHMOND VA REDEV & HSG AUTH MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.5% | VA.RICHSG 4.5 05.01.2040 | 1.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02178 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02161 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02145 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02041 | Jul 1, 2025 |
| May 30, 2025 | $0.02093 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02028 | May 1, 2025 |