MFS Alabama Municipal Bond Fund Class I (MLALX)

Fund Assets	70.00M
Expense Ratio	0.65%
Min. Investment	$1,000
Turnover	24.00%
Dividend (ttm)	0.31
Dividend Yield	3.41%
Dividend Growth	4.45%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	9.06
YTD Return	1.19%
1-Year Return	4.72%
5-Year Return	3.08%
52-Week Low	8.22
52-Week High	9.06
Beta (5Y)	n/a
Holdings	157
Inception Date	Apr 1, 2016

About MLALX

The MFS Alabama Municipal Bond Fund Class I is a municipal bond mutual fund focused on delivering income exempt from both federal and Alabama state personal income taxes. Its primary function is to invest at least 80% of its assets in securities whose interest is typically tax-free at both the federal and state level, appealing especially to Alabama residents seeking tax-advantaged income. The fund targets diversified exposure across a range of municipal issuers within the state, emphasizing a total return objective that balances income generation and capital appreciation. Holdings predominantly consist of long-term municipal bonds, with the portfolio managed through active sector and security selection, as well as yield curve analysis. This fund is designed to serve investors interested in mitigating tax liabilities while gaining access to essential public finance sectors such as education, infrastructure, and utilities within Alabama. Its significance lies in supporting state and local development while offering institutional investors and high-net-worth individuals a cost-efficient, tax-sensitive investment vehicle.

• Fund Family: MFS
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: MLALX
• Share Class: I
• Index: Bloomberg Municipal Bond TR

Performance

MLALX had a total return of 4.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.19%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.55%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.46%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MPOLX	R6	0.59%
MFALX	A	0.90%
MBABX	B	1.65%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02635	Feb 2, 2026
Dec 31, 2025	$0.02697	Dec 31, 2025
Nov 28, 2025	$0.0258	Dec 1, 2025
Oct 31, 2025	$0.0267	Nov 3, 2025
Sep 30, 2025	$0.0255	Oct 1, 2025
Aug 29, 2025	$0.02624	Sep 2, 2025