MFS NC Municipal Bond I (MNCLX)
| Fund Assets | 468.03M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.57% |
| Dividend Growth | 5.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.66 |
| YTD Return | -3.46% |
| 1-Year Return | -3.27% |
| 5-Year Return | -1.61% |
| 52-Week Low | 8.51 |
| 52-Week High | 9.24 |
| Beta (5Y) | n/a |
| Holdings | 269 |
| 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 -3.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.44%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
12.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.41% |
| UNIVERSITY N C HOSP CHAPEL HILL REV 5% | NC.UNCHGR 5 02.01.2046 | 1.43% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.31% |
| CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV | NC.CUMPOL 12.01.2027 | 1.29% |
| GREENVILLE N C UTILS COMMN COMB ENTERPRISE SYS REV 5% | NC.GRVUTL 5 09.01.2049 | 1.12% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 1.10% |
| NORTH CAROLINA HSG FIN AGY MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.45% | NC.NCSMFH 4.45 05.01.2040 | 1.09% |
| NORTH CAROLINA CAP FACS FIN AGY REV 5% | NC.NCSFAC 5 10.01.2044 | 1.09% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5.5% | NC.NCSHSG 5.5 01.01.2054 | 1.06% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5% | NC.NCSHSG 5 07.01.2047 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02679 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02593 | Jul 1, 2025 |
| May 30, 2025 | $0.02645 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02561 | May 1, 2025 |
| Mar 31, 2025 | $0.0263 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02371 | Mar 3, 2025 |