MFS GA Municipal Bond I (MGATX)
| Fund Assets | 102.40M |
| Expense Ratio | 0.65% |
| Min. Investment | $0.00 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.31% |
| Dividend Growth | 6.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.04 |
| YTD Return | -0.24% |
| 1-Year Return | -1.03% |
| 5-Year Return | 1.12% |
| 52-Week Low | 8.59 |
| 52-Week High | 9.33 |
| Beta (5Y) | n/a |
| Holdings | 184 |
| Inception Date | Apr 1, 2016 |
About MGATX
MFS Georgia Municipal Bond Fund Class I is a mutual fund focused on delivering total return with a principal emphasis on generating income that is exempt from both federal income tax and, for Georgia residents, state personal income tax. The fund primarily invests at least 80% of its assets in municipal securities whose interest payments offer these tax benefits. Its portfolio features a broad spectrum of Georgia-issued municipal bonds, along with select holdings from other issuers, and is managed using active sector and security selection as well as yield curve analysis to optimize income and manage risk. Rated for above-average risk, the fund predominantly holds investment-grade securities, with a significant weight in bonds rated A or better. With monthly dividend distributions and a competitive net expense ratio, this institutional share class appeals to investors seeking tax-advantaged income, especially those residing in Georgia. The fund also plays an important role in the municipal bond market by supporting public projects through its investments in local infrastructure, utilities, and education-related debt issuances, thereby contributing to the financial health and development of the state and its municipalities.
Performance
MGATX had a total return of -1.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.74%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
10.60% of assets| Name | Symbol | Weight |
|---|---|---|
| GEORGIA ST HSG & FIN AUTH REV 3.85% | GA.GASHSG 3.85 12.01.2041 | 1.27% |
| Currency Cash CASH_USD | n/a | 1.17% |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 5% | GA.METTRN 5 07.01.2039 | 1.05% |
| COLUMBIA CNTY GA HOSP AUTH REV 5.75% | GA.CLHMED 5.75 04.01.2053 | 1.03% |
| MUNICIPAL ELEC AUTH GA 5% | GA.MELPWR 5 01.01.2037 | 1.02% |
| ROME GA BLDG AUTH REV 5% | GA.ROBFAC 5 03.01.2043 | 1.02% |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 5.25% | GA.METTRN 5.25 07.01.2050 | 1.02% |
| ROME GA BLDG AUTH REV 5% | GA.ROBFAC 5 03.01.2044 | 1.01% |
| COBB-MARIETTA GA COLISEUM & EXHIBIT HALL AUTH REV 5.5% | GA.COBFAC 5.5 10.01.2050 | 1.01% |
| FULTON CNTY GA DEV AUTH HOSP REV 5% | GA.FULMED 5 04.01.2034 | 1.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02649 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02642 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02505 | Jul 1, 2025 |
| May 30, 2025 | $0.02561 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02483 | May 1, 2025 |
| Mar 31, 2025 | $0.02544 | Apr 1, 2025 |