MFS Mississippi Municipal Bond Fund Class I (MMSTX)
| Fund Assets | 64.48M |
| Expense Ratio | 0.66% |
| Min. Investment | $0.00 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.41% |
| Dividend Growth | 11.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.53 |
| YTD Return | -2.89% |
| 1-Year Return | -3.34% |
| 5-Year Return | -3.85% |
| 52-Week Low | 8.37 |
| 52-Week High | 9.05 |
| Beta (5Y) | n/a |
| Holdings | 138 |
| Inception Date | Apr 1, 2016 |
About MMSTX
MFS Mississippi Municipal Bond Fund Class I is a mutual fund specializing in municipal fixed income securities issued by state and local entities within Mississippi. The fund's primary objective is to provide current income that is exempt from both federal and Mississippi state personal income taxes, positioning it as a tax-advantaged income solution for individuals, particularly Mississippi residents. Its investment approach focuses on the selection of high-quality municipal bonds and seeks to balance income generation with capital preservation, employing sector and security selection along with yield curve analysis to optimize returns. A significant portion of the portfolio is allocated to general obligation and revenue bonds supporting sectors such as education, healthcare, housing, and public utilities throughout Mississippi, with the flexibility to include select out-of-state municipal bonds when appropriate. The fund’s share class is designed for eligible institutional or high net worth investors and is typically offered without sales charges. MFS Mississippi Municipal Bond Fund Class I plays a crucial role in state-specific municipal markets and can be valuable in diversified fixed-income strategies, offering investors exposure to stable, income-generating bonds with tax benefits linked to municipal financing purposes.
Performance
MMSTX had a total return of -3.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.23%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
20.35% of assets| Name | Symbol | Weight |
|---|---|---|
| JACKSON CNTY MISS UTIL AUTH WTR & WASTEWATER TREATMENT SYS REV 5% | MS.JACUTL 5 09.01.2040 | 3.14% |
| MISSISSIPPI HOME CORP SINGLE FAMILY MTG REV 4.65% | MS.MSSSFH 4.65 12.01.2054 | 2.65% |
| MISSISSIPPI DEV BK SPL OBLIG 4% | MS.MSSDEV 4 07.01.2050 | 2.06% |
| MEDICAL CENTER BUILDING CORP MISS REV 5% | MS.MDCEDU 5 06.01.2042 | 1.99% |
| MEDICAL CENTER BUILDING CORP MISS REV 5% | MS.MDCEDU 5 06.01.2047 | 1.98% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.94% |
| MISSISSIPPI DEV BK 5.25% | MS.MSSDEV 5.25 01.01.2034 | 1.73% |
| WEST RANKIN MISS UTIL AUTH REV 5% | MS.WRNUTL 5 01.01.2048 | 1.66% |
| MISSISSIPPI DEV BK SPL OBLIG 5.25% | MS.MSSDEV 5.25 10.01.2037 | 1.61% |
| MISSISSIPPI ST 5% | MS.MSS 5 11.01.2036 | 1.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02583 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02471 | Jul 1, 2025 |
| May 30, 2025 | $0.02518 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02413 | May 1, 2025 |
| Mar 31, 2025 | $0.02608 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02206 | Mar 3, 2025 |