MFS North Carolina Municipal Bond Fund Class I (MNCLX)
| Fund Assets | 539.48M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.49% |
| Dividend Growth | 4.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.08 |
| YTD Return | 1.30% |
| 1-Year Return | 5.03% |
| 5-Year Return | 4.21% |
| 52-Week Low | 8.26 |
| 52-Week High | 9.09 |
| Beta (5Y) | n/a |
| Holdings | 288 |
| Inception Date | Apr 1, 2016 |
About MNCLX
The MFS North Carolina Municipal Bond Fund Class I is a mutual fund focused on providing investors with income that is exempt from both federal and North Carolina state personal income taxes. The fund primarily invests at least 80% of its net assets in municipal securities issued by entities within North Carolina, with an emphasis on maintaining high credit quality through careful issuer selection and monitoring. Its mandate aims to deliver a combination of current income and capital preservation, making it especially relevant for investors seeking tax-advantaged income in the municipal bond market. A notable feature of the fund is its strategy to seek double tax-free income for North Carolina residents, leveraging in-depth sector and yield curve analysis to optimize returns. The fund’s portfolio is predominantly composed of municipal bonds, with a marginal allocation to high yield corporates and cash equivalents. With assets under management in the mid-$400 million range and a track record dating back to 1984, the fund holds a significant position within the single-state municipal bond category. This structure positions it as a specialized tool for individuals or institutions aiming for tax efficiency and risk-adjusted income within the local North Carolina debt market.
Performance
MNCLX had a total return of 5.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.33%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02705 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02697 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02644 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02838 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02682 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02634 | Sep 2, 2025 |