MFS NC Municipal Bond I (MNCLX)

Fund Assets	513.70M
Expense Ratio	0.61%
Min. Investment	$1,000
Turnover	6.00%
Dividend (ttm)	0.32
Dividend Yield	3.86%
Dividend Growth	3.97%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.35
YTD Return	-3.75%
1-Year Return	-2.66%
5-Year Return	-2.17%
52-Week Low	8.24
52-Week High	9.15
Beta (5Y)	0.07
Holdings	309
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.

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

Performance

MNCLX had a total return of -2.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.59%.

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	0.45%
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
MPNCX	R6	0.52%
MSNCX	A	0.84%
MCNCX	C	1.59%
MBNCX	B	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02826	Oct 1, 2026
Aug 31, 2026	$0.02863	Sep 1, 2026
Jul 31, 2026	$0.02759	Aug 3, 2026
Jun 30, 2026	$0.02649	Jul 1, 2026
May 29, 2026	$0.02726	Jun 1, 2026
Apr 30, 2026	$0.02644	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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