MFS Alabama Municipal Bond Fund Class I (MLALX)
| Fund Assets | 72.34M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.45% |
| Dividend Growth | 4.20% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.07 |
| YTD Return | 2.41% |
| 1-Year Return | 7.61% |
| 5-Year Return | 2.08% |
| 52-Week Low | 8.54 |
| 52-Week High | 9.13 |
| Beta (5Y) | 0.05 |
| Holdings | 154 |
| 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.
Performance
MLALX had a total return of 7.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.24%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02632 | Jul 1, 2026 |
| May 29, 2026 | $0.02659 | Jun 1, 2026 |
| Apr 30, 2026 | $0.02555 | May 1, 2026 |
| Mar 31, 2026 | $0.02651 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02394 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02635 | Feb 2, 2026 |