MFS MA Municipal Bond A (MFSSX)
| Fund Assets | 378.08M |
| Expense Ratio | 0.82% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.02% |
| Dividend Growth | 2.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.07 |
| YTD Return | -0.19% |
| 1-Year Return | -0.77% |
| 5-Year Return | 0.28% |
| 52-Week Low | 9.63 |
| 52-Week High | 10.42 |
| Beta (5Y) | n/a |
| Holdings | 268 |
| Inception Date | Apr 9, 1985 |
About MFSSX
MFS Massachusetts Municipal Bond Fund Class A is an actively managed municipal bond mutual fund focused on generating a high level of current income that is exempt from U.S. federal and Massachusetts personal income taxes, while also considering capital appreciation. The strategy invests primarily in Massachusetts municipal securities and applies sector and security selection alongside yield curve analysis to drive performance, seeking “double tax-free” income for in-state residents. Managed since 1985, the fund benchmarks against the Bloomberg Municipal Bond Index and maintains a diversified portfolio of Massachusetts issuers across essential services, transportation, housing finance, and dedicated sales tax revenue streams. It offers monthly income distributions and is structured with a front-end sales charge at the share class level. Within the municipal market, the fund serves investors seeking state-specific tax-exempt income with professional credit research and duration management typical of intermediate municipal bond strategies. According to fund materials, it emphasizes total return with an income priority, supported by fundamental analysis of municipal sectors, credit quality, and interest rate positioning.
Performance
MFSSX had a total return of -0.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.12%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDMMX | Fidelity | Fidelity Massachusetts Municipal Income | 0.45% |
Top 10 Holdings
11.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 1.80% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 1.33% |
| MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% | MA.MASTRN 5.25 07.01.2052 | 1.11% |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5% | MA.MASEDU 5 02.15.2044 | 1.10% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2053 | 1.09% |
| NEWTON MASS 4% | MA.NWT 4 02.01.2047 | 1.05% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5% | MA.MASHSG 5.5 12.01.2052 | 1.02% |
| TRI-CNTY REGL VOCATIONAL TECHNICAL SCH DIST MASS 4% | MA.TRIHGR 4 06.01.2044 | 0.98% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 11.01.2051 | 0.96% |
| MASSACHUSETTS ST DEV FIN AGY REV 4% | MA.MASDEV 4 10.01.2045 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02766 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02766 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02659 | Jul 1, 2025 |
| May 30, 2025 | $0.02722 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02615 | May 1, 2025 |
| Mar 31, 2025 | $0.02674 | Apr 1, 2025 |