MFS MA Municipal Bond R6 (MPMAX)
| Fund Assets | 378.08M |
| Expense Ratio | 0.50% |
| Min. Investment | $0.00 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.48% |
| Dividend Growth | 2.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.82 |
| YTD Return | -0.57% |
| 1-Year Return | -1.33% |
| 5-Year Return | 1.43% |
| 52-Week Low | 8.44 |
| 52-Week High | 9.13 |
| Beta (5Y) | n/a |
| Holdings | 268 |
| Inception Date | Aug 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.
Performance
MPMAX had a total return of -1.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.51%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDMMX | Fidelity | Fidelity Massachusetts Municipal Income | 0.45% |
Top 10 Holdings
11.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 1.80% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 1.33% |
| MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% | MA.MASTRN 5.25 07.01.2052 | 1.11% |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5% | MA.MASEDU 5 02.15.2044 | 1.10% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2053 | 1.09% |
| NEWTON MASS 4% | MA.NWT 4 02.01.2047 | 1.05% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5% | MA.MASHSG 5.5 12.01.2052 | 1.02% |
| TRI-CNTY REGL VOCATIONAL TECHNICAL SCH DIST MASS 4% | MA.TRIHGR 4 06.01.2044 | 0.98% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 11.01.2051 | 0.96% |
| MASSACHUSETTS ST DEV FIN AGY REV 4% | MA.MASDEV 4 10.01.2045 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02665 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02663 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02563 | Jul 1, 2025 |
| May 30, 2025 | $0.02629 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02522 | May 1, 2025 |
| Mar 31, 2025 | $0.026 | Apr 1, 2025 |