MFS California Municipal Bond Fund Class C (MCCAX)
| Fund Assets | 688.29M |
| Expense Ratio | 1.60% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 2.67% |
| Dividend Growth | 0.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 5.34 |
| YTD Return | -3.52% |
| 1-Year Return | -3.70% |
| 5-Year Return | -6.82% |
| 52-Week Low | 5.23 |
| 52-Week High | 5.72 |
| Beta (5Y) | n/a |
| Holdings | 407 |
| Inception Date | Jan 3, 1994 |
About MCCAX
MFS California Municipal Bond Fund Class C is an open-end mutual fund specializing in tax-advantaged fixed income investments. Its primary objective is to generate a total return with a focus on providing income that is exempt from both federal and California state personal income taxes, making it particularly attractive to residents of California seeking double tax-exempt income. The fund invests at least 80% of its assets in municipal bonds issued by California-based entities or qualifying agencies, emphasizing diversification with a large portfolio of over 400 holdings. This fund employs a disciplined investment approach, leveraging sector and security selection as well as yield curve analysis to optimize income and manage risk. The average maturity of the holdings is approximately 19 years, positioning the fund in the long-dated municipal bond category. With net assets exceeding $680 million, it plays a notable role in the municipal bond market, catering primarily to individual investors and those seeking moderately conservative exposure to California’s municipal finance sector. Monthly distributions offer regular income for shareholders, and the fund is managed by MFS, a firm with significant experience in municipal bond strategies. Class C shares are aimed at investors preferring lower up-front costs but are subject to ongoing higher expense ratios and potential sales charges.
Performance
MCCAX had a total return of -3.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.25%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Top 10 Holdings
9.17% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 08.01.2055 | 1.39% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 4.5% | CA.LOSMFH 4.5 12.01.2059 | 1.14% |
| OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY 5.25% | CA.OAKSCD 5.25 08.01.2048 | 1.09% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 12.01.2054 | 0.82% |
| MOUNTAIN VIEW-WHISMAN CALIF SCH DIST 4.25% | CA.MOUSCD 4.25 09.01.2045 | 0.82% |
| CALIFORNIA ST DEPT VET AFFAIRS HOME PUR REV 4.3% | CA.CASHSG 4.3 12.01.2054 | 0.80% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2056 | 0.79% |
| OAKLAND CALIF 5.5% | CA.OAK 5.5 07.15.2053 | 0.79% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 12.01.2053 | 0.77% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75% | CA.SFOAPT 5.75 05.01.2048 | 0.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.01218 | Aug 1, 2025 |
| Jun 30, 2025 | $0.01205 | Jul 1, 2025 |
| May 30, 2025 | $0.01237 | Jun 2, 2025 |
| Apr 30, 2025 | $0.01188 | May 1, 2025 |
| Mar 31, 2025 | $0.01195 | Apr 1, 2025 |
| Feb 28, 2025 | $0.01079 | Mar 3, 2025 |