MFS PA Municipal Bond I (MPALX)

Fund Assets	185.99M
Expense Ratio	0.588%
Min. Investment	$1,000
Turnover	8.00%
Dividend (ttm)	0.33
Dividend Yield	3.83%
Dividend Growth	5.56%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.55
YTD Return	-2.74%
1-Year Return	-1.75%
5-Year Return	-1.48%
52-Week Low	8.43
52-Week High	9.25
Beta (5Y)	0.05
Holdings	254
Inception Date	Apr 1, 2016

About MPALX

MFS Pennsylvania Municipal Bond Fund Class I is an open-end municipal bond mutual fund focused on generating total return with an emphasis on income that is generally exempt from federal income tax and Pennsylvania personal income tax. The strategy centers on Pennsylvania municipal securities, applying sector and security selection alongside yield-curve analysis to pursue tax-advantaged income while considering capital appreciation. Managed within the Muni Pennsylvania category, the portfolio invests primarily in debt issued by state and local entities across Pennsylvania, including general obligation and revenue bonds that finance infrastructure, education, transportation, and public services. The fund uses the Bloomberg Municipal Bond Index as a broad market reference for municipal debt. Class I shares provide institutional pricing features and reflect the fund’s approach to long-term, research-driven credit selection and risk management across interest-rate cycles. With a history dating to the fund’s 1993 commencement and a dedicated management team, MFS Pennsylvania Municipal Bond Fund Class I occupies a targeted role for investors seeking state-specific, double tax–free income exposure within the U.S. municipal bond market.

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

Performance

MPALX had a total return of -1.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.92%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FPXTX	Fidelity	Fidelity Pennsylvania Municipal Income Fund	0.47%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MPPAX	R6	0.54%
MFPAX	A	0.71%
MBPAX	B	1.46%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02802	Oct 1, 2026
Aug 31, 2026	$0.02911	Sep 1, 2026
Jul 31, 2026	$0.02837	Aug 3, 2026
Jun 30, 2026	$0.02736	Jul 1, 2026
May 29, 2026	$0.02799	Jun 1, 2026
Apr 30, 2026	$0.02713	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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