MFS Alabama Municipal Bond Fund Class I (MLALX)

Fund Assets	64.75M
Expense Ratio	0.64%
Min. Investment	$1,000
Turnover	14.00%
Dividend (ttm)	0.32
Dividend Yield	3.72%
Dividend Growth	4.19%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.37
YTD Return	-3.14%
1-Year Return	-2.07%
5-Year Return	-2.54%
52-Week Low	8.24
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.

• Fund Family: MFS
• Category: Other States Muni
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MLALX
• Share Class: I
• Index: Bloomberg Municipal Bond TR

Performance

MLALX had a total return of -2.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.60%.

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	0.57%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.45%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MPOLX	R6	0.60%
MFALX	A	0.91%
MBABX	B	1.66%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02667	Oct 1, 2026
Aug 31, 2026	$0.02723	Sep 1, 2026
Jul 31, 2026	$0.0265	Aug 3, 2026
Jun 30, 2026	$0.02632	Jul 1, 2026
May 29, 2026	$0.02659	Jun 1, 2026
Apr 30, 2026	$0.02555	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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