MFS AL Municipal Bond R6 (MPOLX)
| Fund Assets | 72.34M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.50% |
| Dividend Growth | 3.92% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.07 |
| YTD Return | 2.44% |
| 1-Year Return | 7.66% |
| 5-Year Return | 2.37% |
| 52-Week Low | 8.54 |
| 52-Week High | 9.13 |
| Beta (5Y) | 0.05 |
| Holdings | 154 |
| Inception Date | Aug 1, 2017 |
About MPOLX
MFS Alabama Municipal Bond Fund Class R6 is a municipal bond mutual fund focused on delivering a combination of current income and total return, with a particular emphasis on generating income that is exempt from both federal and Alabama state personal income taxes. The fund primarily invests in investment-grade municipal bonds issued within the state of Alabama and its municipalities, but it may also include a small allocation to below-investment-grade securities to enhance yield potential. Overseen by an experienced investment team, the fund is built to appeal to investors seeking tax-advantaged income, particularly those with exposure to Alabama. The portfolio is diversified across numerous issuers and sectors, including educational institutions, public infrastructure, and various municipal authorities such as universities, transportation, and water services. Notably, the R6 share class is typically offered to institutional investors and features a lower expense ratio compared to other share classes, supporting greater net returns over time. The fund's benchmark is the Bloomberg Municipal Bond Index, and its performance and risk characteristics are managed relative to this standard. With a long average maturity and moderate duration, MFS Alabama Municipal Bond Fund Class R6 plays a distinct role in the market by providing targeted, tax-efficient income while supporting local Alabama development.
Performance
MPOLX had a total return of 7.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02671 | Jul 1, 2026 |
| May 29, 2026 | $0.02703 | Jun 1, 2026 |
| Apr 30, 2026 | $0.02592 | May 1, 2026 |
| Mar 31, 2026 | $0.02688 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02432 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02673 | Feb 2, 2026 |