MFS Massachusetts Municipal Bond Fund Class R6 (MPMAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.61
0.00 (0.00%)
Aug 13, 2025, 4:00 PM EDT
Fund Assets374.43M
Expense Ratio0.50%
Min. Investment$1,000
Turnover10.00%
Dividend (ttm)0.31
Dividend Yield3.55%
Dividend Growth2.26%
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close8.61
YTD Return-2.94%
1-Year Return-2.77%
5-Year Return-1.86%
52-Week Low8.44
52-Week High9.13
Beta (5Y)n/a
Holdings269
Inception DateAug 1, 2017

About MPMAX

MFS Massachusetts Municipal Bond Fund R6 Shares is an open-end municipal bond mutual fund focused on generating income that is generally exempt from federal and Massachusetts state income taxes by investing primarily in Massachusetts-issued municipal securities. The portfolio is largely composed of municipal bonds, with minimal allocations to cash and no equity exposure, reflecting its income-oriented, fixed-income mandate. The fund is benchmarked to the Bloomberg Municipal Bond Index, providing investors with a reference for tax-exempt market performance across interest rate cycles. Class R6 shares are designed for eligible retirement platforms and other institutional channels and are offered without sales charges, emphasizing cost efficiency for long-term allocation needs. Recent portfolio data indicate broad exposure across Massachusetts revenue and general obligation issuers, including transportation, housing finance, and education-related authorities, highlighting diversified credit sources within the state. The fund’s structure, professional management under MFS, and monthly income distribution cadence position it as a specialized tool for investors seeking tax-advantaged income tied to Massachusetts municipal credit markets.

Fund Family MFS
Category Muni Massachusetts
Stock Exchange NASDAQ
Ticker Symbol MPMAX
Share Class R6
Index Bloomberg Municipal Bond TR

Performance

MPMAX had a total return of -2.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.22%.

Equivalent Funds

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

SymbolProviderNameExpense Ratio
FDMMXFidelityFidelity Massachusetts Municipal Income Fund0.45%

Other Share Classes

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

SymbolShare ClassExpense Ratio
MTALXI0.57%
MFSSXA0.82%
MBMAXB1.57%

Top 10 Holdings

12.72% of assets
NameSymbolWeight
Currency Cash CASH_USDn/a3.19%
MASSACHUSETTS ST DEV FIN AGY REV 5.25%MA.MASDEV 5.25 07.01.20501.34%
MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25%MA.MASTRN 5.25 07.01.20521.12%
MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5%MA.MASEDU 5 02.15.20441.08%
MASSACHUSETTS ST TRANSN FD REV 5%MA.MASTRN 5 06.01.20531.07%
NEWTON MASS 4%MA.NWT 4 02.01.20471.05%
MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5%MA.MASHSG 5.5 12.01.20520.99%
TRI-CNTY REGL VOCATIONAL TECHNICAL SCH DIST MASS 4%MA.TRIHGR 4 06.01.20440.98%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%PR.PRCGEN 5 07.01.20580.96%
MASSACHUSETTS ST PORT AUTH REV 5%MA.MASTRN 5 07.01.20420.94%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 31, 2025$0.02663Aug 1, 2025
Jun 30, 2025$0.02563Jul 1, 2025
May 30, 2025$0.02629Jun 2, 2025
Apr 30, 2025$0.02522May 1, 2025
Mar 31, 2025$0.026Apr 1, 2025
Feb 28, 2025$0.02338Mar 3, 2025
Full Dividend History