MFS VA Municipal Bond I (MIVAX)
| Fund Assets | 337.21M |
| Expense Ratio | 0.56% |
| Min. Investment | $0.00 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.40% |
| Dividend Growth | 5.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.86 |
| YTD Return | -0.25% |
| 1-Year Return | -0.91% |
| 5-Year Return | 0.70% |
| 52-Week Low | 8.40 |
| 52-Week High | 9.13 |
| Beta (5Y) | n/a |
| Holdings | 234 |
| Inception Date | Apr 1, 2016 |
About MIVAX
The MFS Virginia Municipal Bond Fund I is an open-end mutual fund dedicated to providing investors with a total return, emphasizing income that is exempt from both federal and Virginia state personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued by entities within the Commonwealth of Virginia. Its portfolio is composed of a diversified array of Virginia municipal bonds, with strong representation in high-credit-quality segments such as AA and A ratings, and holds securities across various vital infrastructure sectors including housing, education, and transportation. This fund is managed with a focus on minimizing tax liability, making it particularly relevant for investors subject to higher state and federal tax rates. In addition to its income-oriented approach, the fund also considers capital appreciation opportunities. MFS Virginia Municipal Bond Fund I maintains a competitive expense ratio and is structured for institutional and high-net-worth investors, featuring no minimum initial investment and a cost advantage over many peers. By supporting financing for public projects in Virginia, the fund plays a key role in connecting municipal issuers with capital while offering investors diversified exposure to tax-advantaged municipal debt.
Performance
MIVAX had a total return of -0.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.82%.
Top 10 Holdings
16.46% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 4.59% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 2.03% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2045 | 1.47% |
| VIRGINIA COLLEGE BLDG AUTH VA 5% | VA.VACHGR 5 02.01.2038 | 1.28% |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25% | VA.HRDTRN 5.25 07.01.2064 | 1.20% |
| LOUISA VA INDL DEV AUTH POLLUTN CTL REV 0% | VA.LOUPOL 11.01.2035 | 1.20% |
| ISLE WIGHT CNTY VA ECONOMIC DEV AUTH HEALTH SYS REV 5.25% | VA.ILWDEV 5.25 07.01.2048 | 1.19% |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV 4% | VA.VASDEV 11.01.2052 | 1.18% |
| VIRGINIA ST HSG DEV AUTH 5.15% | VA.VASHSG 5.15 11.01.2048 | 1.16% |
| RICHMOND VA REDEV & HSG AUTH MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.5% | VA.RICHSG 4.5 05.01.2040 | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02604 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02584 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02479 | Jul 1, 2025 |
| May 30, 2025 | $0.02554 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02467 | May 1, 2025 |
| Mar 31, 2025 | $0.02544 | Apr 1, 2025 |