MFS New York Municipal Bond Fund (MCNYX)
| Fund Assets | 172.31M |
| Expense Ratio | 1.58% |
| Min. Investment | $1,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.77% |
| Dividend Growth | 1.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.98 |
| YTD Return | -0.42% |
| 1-Year Return | -1.25% |
| 5-Year Return | -1.82% |
| 52-Week Low | 9.49 |
| 52-Week High | 10.36 |
| Beta (5Y) | 0.31 |
| Holdings | 182 |
| Inception Date | Dec 11, 2000 |
About MCNYX
MFS New York Municipal Bond Fund Class C is an open-end mutual fund that specializes in investing primarily in municipal debt instruments issued by New York State and its municipalities. The fund’s principal objective is to provide current income that is exempt from both federal and New York State personal income taxes, an attractive feature for residents of New York seeking tax-efficient fixed income solutions. Under normal market conditions, the fund invests at least 80% of its assets in securities whose interest is generally exempt from these taxes, focusing mainly on investment-grade municipal bonds but permitting some exposure to below investment grade instruments and taxable securities as market conditions warrant. The fund uses a research-driven, bottom-up approach to security selection, supplemented by strategic yield curve and sector allocation analysis. Due to its targeted geographic exposure, the fund is particularly sensitive to the fiscal and economic health of New York State and its entities. Managed by Massachusetts Financial Services Company since 1988, the fund plays a specialized role in the municipal bond market, serving investors looking for tax-advantaged income within the context of New York’s municipal landscape.
Performance
MCNYX had a total return of -1.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.68%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
14.24% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% | NY.NYSHGR 5.5 10.01.2054 | 2.14% |
| METROPOLITAN TRANSN AUTH N Y REV 5% | NY.MTATRN 5 11.15.2052 | 1.80% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4.25% | NY.NYSHGR 4.25 05.01.2052 | 1.52% |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 3.95% | NY.NYCHSG 3.95 11.01.2048 | 1.33% |
| METROPOLITAN TRANSN AUTH N Y REV 5% | NY.MTATRN 5 11.15.2033 | 1.28% |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4.25% | NY.NYCMFH 4.25 11.01.2052 | 1.28% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REAL ESTATE TRANSFER TAX REV 5.25% | NY.TRBGEN 5.25 12.01.2054 | 1.23% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 08.15.2051 | 1.22% |
| YONKERS N Y INDL DEV AGY SCH FAC REV 5% | NY.YONEDU 5 05.01.2042 | 1.22% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | NY.NYCUTL 5.25 06.15.2053 | 1.22% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0236 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0238 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02362 | Jul 1, 2025 |
| May 30, 2025 | $0.02322 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02255 | May 1, 2025 |
| Mar 31, 2025 | $0.02299 | Apr 1, 2025 |