MFS Virginia Municipal Bond Fund Class I (MIVAX)
| Fund Assets | 356.38M |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.50% |
| Dividend Growth | 4.81% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 8.83 |
| YTD Return | -0.35% |
| 1-Year Return | 3.50% |
| 5-Year Return | 1.98% |
| 52-Week Low | 8.40 |
| 52-Week High | 9.04 |
| Beta (5Y) | n/a |
| Holdings | 232 |
| 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 3.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.07%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02615 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02363 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02616 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02575 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02665 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02785 | Nov 3, 2025 |