MFS AR Municipal Bond R6 (MPRAX)
| Fund Assets | 136.22M |
| Expense Ratio | 0.53% |
| Min. Investment | $0.00 |
| Turnover | 15.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.66% |
| Dividend Growth | 7.86% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.64 |
| YTD Return | -3.25% |
| 1-Year Return | -3.31% |
| 5-Year Return | -1.93% |
| 52-Week Low | 8.43 |
| 52-Week High | 9.21 |
| Beta (5Y) | n/a |
| Holdings | 190 |
| Inception Date | Aug 1, 2017 |
About MPRAX
MFS Arkansas Municipal Bond Fund Class R6 is a mutual fund focused on generating tax-exempt income by investing primarily in municipal bonds issued within the state of Arkansas. Its core objective is to deliver total return with an emphasis on income that is exempt from both federal and Arkansas state personal income taxes, making it particularly relevant for Arkansas residents seeking tax-advantaged investment solutions. The fund typically allocates at least 80% of its net assets to securities whose interest is exempt from these taxes. It features a diversified portfolio with over 190 holdings in sectors such as public infrastructure, education, and healthcare, reflected by top positions in various Arkansas municipal and development authorities. The fund is managed with a disciplined approach that emphasizes security selection, yield curve analysis, and sector allocation. It pays monthly dividends and has a competitive expense structure, ranking within the lowest fee quintile among its peers. Overall, this fund plays a specialized role in the market by providing targeted, double tax-exempt municipal bond exposure tailored to individual and institutional investors with tax considerations specific to Arkansas.
Performance
MPRAX had a total return of -3.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.07%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
17.27% of assets| Name | Symbol | Weight |
|---|---|---|
| City of Little Rock AR - City of Little Rock | AR.LITFAC 5 07.01.2034 | 2.15% |
| Springdale Public Facilities Board | AR.SPRMED 5 03.01.2040 | 2.02% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue - Puerto Rico Sales Tax Financing Corp. Sales Tax | PR.PRCGEN 5 07.01.2058 | 1.95% |
| Arkansas Development Finance Authority | AR.ARSDEV 5 06.01.2034 | 1.86% |
| Arkansas State University | AR.ARSHGR 4.5 03.01.2031 | 1.79% |
| Arkansas Development Finance Authority | AR.ARSDEV 0 07.01.2027 | 1.65% |
| City of Batesville AR Sales & Use Tax - City of Batesville, Series 2024B | AR.BAT 4 02.01.2047 | 1.48% |
| City of Rogers AR Sales & Use Tax Revenue - City of Rogers | AR.ROGGEN 5 11.01.2036 | 1.46% |
| University of Arkansas | AR.UNVHGR 5 04.01.2047 | 1.46% |
| University of Arkansas | AR.UNVHGR 5 11.01.2047 | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02836 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02705 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0262 | Jul 1, 2025 |
| May 30, 2025 | $0.02696 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0261 | May 1, 2025 |
| Mar 31, 2025 | $0.02667 | Apr 1, 2025 |