MFS Maryland Municipal Bond Fund Class R6 (MPMDX)
| Fund Assets | 141.42M |
| Expense Ratio | 0.53% |
| Min. Investment | $1,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.57% |
| Dividend Growth | -0.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.74 |
| YTD Return | -2.67% |
| 1-Year Return | -2.59% |
| 5-Year Return | -0.58% |
| 52-Week Low | 8.57 |
| 52-Week High | 9.24 |
| Beta (5Y) | n/a |
| Holdings | 218 |
| Inception Date | Aug 1, 2017 |
About MPMDX
MFS Maryland Municipal Bond Fund R6 is a mutual fund that primarily invests in municipal securities issued within the state of Maryland. The fund’s principal objective is to generate current income that is exempt from both federal and Maryland state personal income taxes, making it particularly relevant for investors seeking tax-advantaged income. It may invest up to one-third of its assets in lower-rated tax-exempt securities, though it generally emphasizes high-grade municipal bonds to manage credit risk. Spanning a portfolio of over 200 holdings, the fund provides diversified exposure to Maryland’s municipal debt market, supporting the state’s infrastructure, schools, and public projects. With a history dating back to 2017 and a competitive expense ratio, the fund plays a notable role in the muni single state long category, offering monthly dividend distributions and the potential for tax-efficient returns for Maryland residents and institutions. Its market performance and consistent monthly payouts underscore its place as a specialized instrument for income-oriented strategies focused on tax efficiency within a geographic mandate.
Performance
MPMDX had a total return of -2.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.33%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SMDMX | Fidelity | Fidelity Maryland Municipal Income Fund | 0.55% |
Top 10 Holdings
13.50% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.48% |
| MARYLAND ST 5% | MD.MDS 5 08.01.2025 | 1.49% |
| MARYLAND ST ECONOMIC DEV CORP LEASE REV 5% | MD.MDSDEV 5 07.01.2056 | 1.43% |
| MARYLAND ST STAD AUTH REV 5% | MD.MDSFAC 5 05.01.2035 | 1.28% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.24% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2040 | 1.15% |
| PRINCE GEORGES CNTY MD 5% | MD.PRI 5 08.01.2045 | 1.12% |
| ANNE ARUNDEL CNTY MD 5% | MD.AAR 5 10.01.2053 | 1.11% |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% | DC.METAPT 5 10.01.2025 | 1.10% |
| MARYLAND ST STAD AUTH BUILT LEARN REV 5% | MD.MDSEDU 5 06.01.2046 | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02749 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02606 | Jul 1, 2025 |
| May 30, 2025 | $0.02699 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02606 | May 1, 2025 |
| Mar 31, 2025 | $0.02666 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02399 | Mar 3, 2025 |