MFS California Municipal Bond Fund Class R6 (MPOAX)
| Fund Assets | 680.26M |
| Expense Ratio | 0.53% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.76% |
| Dividend Growth | 0.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.65 |
| YTD Return | -3.76% |
| 1-Year Return | -4.22% |
| 5-Year Return | -2.74% |
| 52-Week Low | 8.48 |
| 52-Week High | 9.27 |
| Beta (5Y) | n/a |
| Holdings | 407 |
| Inception Date | Aug 1, 2017 |
About MPOAX
MFS California Municipal Bond Fund Class R6 is an open-end mutual fund that primarily invests in municipal bonds issued within the state of California. The fund's main objective is to seek total return with a significant focus on generating income that is exempt from both federal and California state personal income taxes. By targeting "double tax-free" income, this fund is particularly tailored for California residents who benefit from its tax-advantaged structure. The investment team emphasizes performance through sector and security selection, as well as careful analysis of the yield curve. The fund is managed using a disciplined, risk-aware process, aiming for consistent long-term performance. Recognized for its experienced management and a process-driven approach, it is benchmarked against the Bloomberg Municipal Bond Index, reflecting the broader municipal bond market. As a Class R6 fund, it is structured for eligible investors, typically institutional clients, and is available without sales charges, enhancing cost efficiency. The MFS California Municipal Bond Fund Class R6 plays a crucial role in offering fixed income exposure with tax efficiency for investors seeking stable, tax-exempt income and capital preservation within the municipal bond segment.
Performance
MPOAX had a total return of -4.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.25%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Top 10 Holdings
9.17% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 08.01.2055 | 1.39% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 4.5% | CA.LOSMFH 4.5 12.01.2059 | 1.14% |
| OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY 5.25% | CA.OAKSCD 5.25 08.01.2048 | 1.09% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 12.01.2054 | 0.82% |
| MOUNTAIN VIEW-WHISMAN CALIF SCH DIST 4.25% | CA.MOUSCD 4.25 09.01.2045 | 0.82% |
| CALIFORNIA ST DEPT VET AFFAIRS HOME PUR REV 4.3% | CA.CASHSG 4.3 12.01.2054 | 0.80% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2056 | 0.79% |
| OAKLAND CALIF 5.5% | CA.OAK 5.5 07.15.2053 | 0.79% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 12.01.2053 | 0.77% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75% | CA.SFOAPT 5.75 05.01.2048 | 0.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02755 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02709 | Jul 1, 2025 |
| May 30, 2025 | $0.02782 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02687 | May 1, 2025 |
| Mar 31, 2025 | $0.02746 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02481 | Mar 3, 2025 |