MFS North Carolina Municipal Bond Fund (MCNCX)
| Fund Assets | 468.03M |
| Expense Ratio | 1.59% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.55% |
| Dividend Growth | 7.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.38 |
| YTD Return | -3.23% |
| 1-Year Return | -3.23% |
| 5-Year Return | -5.64% |
| 52-Week Low | 10.20 |
| 52-Week High | 11.08 |
| Beta (5Y) | n/a |
| Holdings | 269 |
| Inception Date | Jan 3, 1994 |
About MCNCX
The MFS North Carolina Municipal Bond Fund Class C is a long-duration municipal bond mutual fund designed to provide investors with current income that is exempt from federal income tax and North Carolina state personal income tax. Managed by Massachusetts Financial Services Company, the fund primarily invests in municipal securities issued by entities within North Carolina, targeting tax-exempt securities to benefit residents of the state. The portfolio mainly consists of investment-grade municipal bonds, though it may allocate up to one third of its assets to lower-rated or unrated tax-exempt securities. With a portfolio of over 260 holdings and net assets exceeding $450 million, the fund is aimed at providing double tax-free income, making it particularly appealing to investors seeking tax-advantaged income. The fund pays dividends on a monthly basis, with an emphasis on total return through careful sector and security selection, as well as yield curve analysis. Its investments directly support public projects and infrastructure within North Carolina, underlining its important role in facilitating local government funding in the state's municipal bond market.
Performance
MCNCX had a total return of -3.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.81%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
12.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.41% |
| UNIVERSITY N C HOSP CHAPEL HILL REV 5% | NC.UNCHGR 5 02.01.2046 | 1.43% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.31% |
| CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV | NC.CUMPOL 12.01.2027 | 1.29% |
| GREENVILLE N C UTILS COMMN COMB ENTERPRISE SYS REV 5% | NC.GRVUTL 5 09.01.2049 | 1.12% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 1.10% |
| NORTH CAROLINA HSG FIN AGY MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.45% | NC.NCSMFH 4.45 05.01.2040 | 1.09% |
| NORTH CAROLINA CAP FACS FIN AGY REV 5% | NC.NCSFAC 5 10.01.2044 | 1.09% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5.5% | NC.NCSHSG 5.5 01.01.2054 | 1.06% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5% | NC.NCSHSG 5 07.01.2047 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02334 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02256 | Jul 1, 2025 |
| May 30, 2025 | $0.02284 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02221 | May 1, 2025 |
| Mar 31, 2025 | $0.02242 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02018 | Mar 3, 2025 |