MFS California Municipal Bond Fund Class C (MCCAX)

Fund Assets	731.19M
Expense Ratio	1.56%
Min. Investment	$1,000
Turnover	15.00%
Dividend (ttm)	0.15
Dividend Yield	2.90%
Dividend Growth	5.36%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	5.16
YTD Return	-4.16%
1-Year Return	-3.52%
5-Year Return	-7.33%
52-Week Low	5.08
52-Week High	5.64
Beta (5Y)	0.08
Holdings	440
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.

• Fund Family: MFS
• Category: Muni California Long
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MCCAX
• Share Class: C
• Index: Bloomberg Municipal Bond TR

Performance

MCCAX had a total return of -3.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.17%.

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 Muni Inc A	0.76%
FCTFX	Fidelity	Fidelity California Municipal Income Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.41%
FCMQX	Fidelity	Fidelity Advisor California Muni Inc I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.66%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MPOAX	R6	0.50%
MCAVX	I	0.56%
MCFTX	A	0.66%
MBCAX	B	1.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.01299	Oct 1, 2026
Aug 31, 2026	$0.01318	Sep 1, 2026
Jul 31, 2026	$0.01304	Aug 3, 2026
Jun 30, 2026	$0.01244	Jul 1, 2026
May 29, 2026	$0.01332	Jun 1, 2026
Apr 30, 2026	$0.01229	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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