MFS Virginia Municipal Bond Fund (MBVAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.18
0.00 (0.00%)
Sep 12, 2025, 4:00 PM EDT
Fund Assets337.21M
Expense Ratio1.56%
Min. Investment$1,000
Turnover14.00%
Dividend (ttm)0.25
Dividend Yield2.41%
Dividend Growth7.17%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close10.18
YTD Return-0.02%
1-Year Return-0.89%
5-Year Return-3.16%
52-Week Low9.65
52-Week High10.50
Beta (5Y)0.29
Holdings234
Inception DateSep 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.

Fund Family MFS
Category Muni Single State Long
Stock Exchange NASDAQ
Ticker Symbol MBVAX
Share Class B
Index Bloomberg Municipal Bond TR

Performance

MBVAX had a total return of -0.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.79%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
MPVOXR60.49%
MIVAXI0.56%
MSVAXA0.81%
MVACXC1.56%

Top 10 Holdings

16.46% of assets
NameSymbolWeight
Currency Cash CASH_USDn/a4.59%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%PR.PRCGEN 5 07.01.20582.03%
WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5%DC.DCTTRN 5 07.15.20451.47%
VIRGINIA COLLEGE BLDG AUTH VA 5%VA.VACHGR 5 02.01.20381.28%
HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25%VA.HRDTRN 5.25 07.01.20641.20%
LOUISA VA INDL DEV AUTH POLLUTN CTL REV 0%VA.LOUPOL 11.01.20351.20%
ISLE WIGHT CNTY VA ECONOMIC DEV AUTH HEALTH SYS REV 5.25%VA.ILWDEV 5.25 07.01.20481.19%
VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV 4%VA.VASDEV 11.01.20521.18%
VIRGINIA ST HSG DEV AUTH 5.15%VA.VASHSG 5.15 11.01.20481.16%
RICHMOND VA REDEV & HSG AUTH MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.5%VA.RICHSG 4.5 05.01.20401.16%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.02161Sep 2, 2025
Jul 31, 2025$0.02145Aug 1, 2025
Jun 30, 2025$0.02041Jul 1, 2025
May 30, 2025$0.02093Jun 2, 2025
Apr 30, 2025$0.02028May 1, 2025
Mar 31, 2025$0.0207Apr 1, 2025
Full Dividend History