MFS Alabama Municipal Bond Fund Class A (MFALX)

Fund Assets	70.52M
Expense Ratio	0.91%
Min. Investment	$1,000
Turnover	14.00%
Dividend (ttm)	0.31
Dividend Yield	3.29%
Dividend Growth	4.30%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.29
YTD Return	0.38%
1-Year Return	5.80%
5-Year Return	-0.17%
52-Week Low	9.06
52-Week High	9.58
Beta (5Y)	0.31
Holdings	156
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.

• Fund Family: MFS
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MFALX
• Share Class: A
• Index: Bloomberg Municipal Bond TR

Performance

MFALX had a total return of 5.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.39%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.55%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.46%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MPOLX	R6	0.60%
MLALX	I	0.66%
MBABX	B	1.66%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02584	Aug 3, 2026
Jun 30, 2026	$0.02573	Jul 1, 2026
May 29, 2026	$0.02594	Jun 1, 2026
Apr 30, 2026	$0.02489	May 1, 2026
Mar 31, 2026	$0.02582	Apr 1, 2026
Feb 27, 2026	$0.02334	Mar 2, 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:

Aug 27, 2026

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