MFS AR Municipal Bond A (MFARX)
Fund Assets | 137.28M |
Expense Ratio | 0.70% |
Min. Investment | $1,000 |
Turnover | 15.00% |
Dividend (ttm) | 0.30 |
Dividend Yield | 3.22% |
Dividend Growth | 8.18% |
Payout Frequency | Monthly |
Ex-Dividend Date | Aug 29, 2025 |
Previous Close | 9.00 |
YTD Return | 0.39% |
1-Year Return | -0.21% |
5-Year Return | 0.90% |
52-Week Low | 8.49 |
52-Week High | 9.28 |
Beta (5Y) | n/a |
Holdings | 185 |
Inception Date | Feb 3, 1992 |
About MFARX
MFS Arkansas Municipal Bond Fund Class A is a municipal bond mutual fund designed to provide investors with tax-advantaged income by primarily investing in bonds issued by state and local governments within Arkansas. The fund seeks to maximize total return with a strong emphasis on income that is exempt from both federal and Arkansas state personal income taxes, making it particularly attractive to Arkansas residents seeking double tax-free income. Portfolio holdings emphasize investment grade quality municipal debt, although the fund may allocate a portion to lower quality or out-of-state securities. The fund strategically targets sectors such as education, healthcare, housing, utilities, and infrastructure, supporting essential public projects throughout Arkansas. Inception dates back to 1992, and it consistently employs sector and security selection along with yield curve analysis to optimize returns relative to its benchmark, the Bloomberg Municipal Bond Index. The fund distributes dividends monthly and maintains a moderate expense ratio, facilitating a steady income stream. As a single-state municipal bond fund, it plays an important role in the municipal securities market by channeling investor capital into projects that contribute to Arkansas's public welfare and development.
Performance
MFARX had a total return of -0.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.95%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
17.76% of assetsName | Symbol | Weight |
---|---|---|
LITTLE ROCK ARK HOTEL & RESTAU GROSS RCPTS TAX 5% | AR.LITFAC 5 07.01.2034 | 2.21% |
SPRINGDALE ARK PUB FACS BRD HOSP REV 5% | AR.SPRMED 5 03.01.2040 | 2.12% |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.95% |
ARKANSAS ST DEV FIN AUTH REV 5% | AR.ARSDEV 5 06.01.2034 | 1.93% |
ARKANSAS ST UNIV REV 4.5% | AR.ARSHGR 4.5 03.01.2031 | 1.87% |
ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV 0% | AR.ARSDEV 0 07.01.2027 | 1.70% |
BATESVILLE ARK SALES & USE TAX REV 4% | AR.BAT 4 02.01.2047 | 1.50% |
UNIVERSITY ARK UNIV REV 5% | AR.UNVHGR 5 04.01.2047 | 1.50% |
UNIVERSITY ARK UNIV REV 5% | AR.UNVHGR 5 11.01.2047 | 1.49% |
FAYETTEVILLE ARK HOTEL MOTEL &RESTAURANT GROSS RCPTS TAX & TOURISM RE 5% | AR.FAYGEN 5 11.01.2034 | 1.49% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Aug 29, 2025 | $0.02726 | Sep 2, 2025 |
Jul 31, 2025 | $0.02603 | Aug 1, 2025 |
Jun 30, 2025 | $0.02513 | Jul 1, 2025 |
May 30, 2025 | $0.02585 | Jun 2, 2025 |
Apr 30, 2025 | $0.02506 | May 1, 2025 |
Mar 31, 2025 | $0.02552 | Apr 1, 2025 |