MFS Maryland Municipal Bond Fund Class I (MMDIX)
| Fund Assets | 141.42M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.50% |
| Dividend Growth | -0.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.74 |
| YTD Return | -2.79% |
| 1-Year Return | -2.74% |
| 5-Year Return | -0.93% |
| 52-Week Low | 8.57 |
| 52-Week High | 9.23 |
| Beta (5Y) | n/a |
| Holdings | 218 |
| Inception Date | Apr 1, 2016 |
About MMDIX
MFS Maryland Municipal Bond Fund Class I is a mutual fund designed to provide investors with a total return focus, emphasizing income that is generally exempt from both federal and Maryland state personal income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued by the state of Maryland and its various local entities, supporting infrastructure, development projects, and public works across the state. The strategy emphasizes investment in high-quality, investment-grade debt instruments while maintaining the flexibility to allocate a smaller portion to below-investment-grade securities to enhance yield and portfolio diversification. The fund uses sector and security selection as well as yield curve positioning to manage risk and generate returns. Notably, the fund aims to deliver 'double tax-free' income for Maryland residents, making it particularly attractive for those seeking to minimize their tax burden from interest income. With a longstanding history since 1984, this fund plays a significant role in the fixed income market for investors seeking tax-advantaged municipal bond exposure specific to Maryland.
Performance
MMDIX had a total return of -2.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.62%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SMDMX | Fidelity | Fidelity Maryland Municipal Income Fund | 0.55% |
Top 10 Holdings
13.50% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.48% |
| MARYLAND ST 5% | MD.MDS 5 08.01.2025 | 1.49% |
| MARYLAND ST ECONOMIC DEV CORP LEASE REV 5% | MD.MDSDEV 5 07.01.2056 | 1.43% |
| MARYLAND ST STAD AUTH REV 5% | MD.MDSFAC 5 05.01.2035 | 1.28% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.24% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2040 | 1.15% |
| PRINCE GEORGES CNTY MD 5% | MD.PRI 5 08.01.2045 | 1.12% |
| ANNE ARUNDEL CNTY MD 5% | MD.AAR 5 10.01.2053 | 1.11% |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% | DC.METAPT 5 10.01.2025 | 1.10% |
| MARYLAND ST STAD AUTH BUILT LEARN REV 5% | MD.MDSEDU 5 06.01.2046 | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.027 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02558 | Jul 1, 2025 |
| May 30, 2025 | $0.02637 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02553 | May 1, 2025 |
| Mar 31, 2025 | $0.02618 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02351 | Mar 3, 2025 |