MFS Virginia Municipal Bond Fund Class I (MIVAX)
| Fund Assets | 349.48M |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.44% |
| Dividend Growth | 4.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.94 |
| YTD Return | 0.74% |
| 1-Year Return | 3.34% |
| 5-Year Return | 3.43% |
| 52-Week Low | 8.16 |
| 52-Week High | 8.96 |
| 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 3.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.36%.
Top 10 Holdings
13.02% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.77% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2045 | 1.50% |
| VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG | VA.VACHGR 5 02.01.2038 | 1.28% |
| ISLE WIGHT CNTY VA ECONOMIC DEV AUTH HEALTH SYS REV 5.25% | VA.ILWDEV 5.25 07.01.2048 | 1.24% |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25% | VA.HRDTRN 5.25 07.01.2064 | 1.23% |
| VIRGINIA PORT AUTH PORT FAC REV 5.25% | VA.VASTRN 5.25 07.01.2055 | 1.22% |
| Currency Cash CASH_USD | n/a | 1.22% |
| ALEXANDRIA VA 5% | VA.ALE 5 12.15.2038 | 1.20% |
| RICHMOND VA REDEV & HSG AUTH MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.5% | VA.RICHSG 4.5 05.01.2040 | 1.18% |
| VIRGINIA ST HSG DEV AUTH 5.15% | VA.VASHSG 5.15 11.01.2048 | 1.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Sep 30, 2025 | $0.02608 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02604 | Sep 2, 2025 |