MFS Alabama Municipal Bond Fund Class A (MFALX)
| Fund Assets | 70.00M |
| Expense Ratio | 0.90% |
| Min. Investment | $1,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.04% |
| Dividend Growth | 5.21% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.93 |
| YTD Return | 1.18% |
| 1-Year Return | 4.32% |
| 5-Year Return | 1.27% |
| 52-Week Low | 9.04 |
| 52-Week High | 9.93 |
| Beta (5Y) | 0.32 |
| Holdings | 157 |
| Inception Date | Feb 1, 1990 |
About MFALX
MFS Alabama Municipal Bond Fund Class A is an open-end mutual fund focused primarily on providing tax-exempt income by investing in municipal securities. Its principal objective is to seek total return, with an emphasis on generating income exempt from both federal income tax and Alabama personal income tax for in-state residents. The fund typically invests at least 80% of its assets in municipal bonds and similar instruments, many of which help finance essential public projects—such as those related to education, healthcare, utilities, and infrastructure within Alabama. Interest from these investments may be subject to federal alternative minimum tax, but for most investors, the fund aims to deliver double tax-free income. It predominantly targets investment grade debt instruments, though it may also allocate assets to lower-grade bonds or diversify across multiple project types. Managed by Massachusetts Financial Services, the fund reflects strategic sector and security selection as well as yield curve analysis to achieve its objectives. MFS Alabama Municipal Bond Fund Class A plays a significant role in the municipal bond market, offering investors targeted exposure to Alabama’s public finance sector while emphasizing tax efficiency and stable income generation.
Performance
MFALX had a total return of 4.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.60%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02573 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02635 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02532 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02603 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02484 | Oct 1, 2025 |
| Aug 29, 2025 | $0.0256 | Sep 2, 2025 |