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.
Fund Family MFS
Category Muni Single State Long
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol MPOLX
Share Class R6
Index Bloomberg Municipal Bond TR
MPOLX had a total return of 6.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.79%.
