MFS NC Municipal Bond A (MSNCX)
| Fund Assets | 468.03M |
| Expense Ratio | 0.84% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.18% |
| Dividend Growth | 5.65% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.42 |
| YTD Return | -2.71% |
| 1-Year Return | -2.26% |
| 5-Year Return | -2.31% |
| 52-Week Low | 10.21 |
| 52-Week High | 11.09 |
| Beta (5Y) | 0.27 |
| Holdings | 269 |
| Inception Date | Oct 31, 1984 |
About MSNCX
MFS North Carolina Municipal Bond Fund Class A is a mutual fund focused on providing investors with income that is exempt from both federal and North Carolina state personal income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued by state and local governments in North Carolina, supporting public sector projects such as education, transportation, and infrastructure. This approach offers a dual tax advantage for North Carolina residents, seeking to deliver what is often referred to as "double tax-free" income. The majority of assets are allocated to high-quality municipal securities, though the fund may invest up to one third in lower-rated or unrated tax-exempt bonds. Managed by an experienced team since its inception in 1984, the fund employs sector and security selection strategies, as well as yield curve analysis, to optimize returns while maintaining a long average maturity profile. With hundreds of underlying holdings and a focus on income generation paired with capital preservation, this fund plays a significant role for investors seeking stable, tax-efficient income from municipal debt markets, particularly those residing in North Carolina.
Performance
MSNCX had a total return of -2.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.98%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
12.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.41% |
| UNIVERSITY N C HOSP CHAPEL HILL REV 5% | NC.UNCHGR 5 02.01.2046 | 1.43% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.31% |
| CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV | NC.CUMPOL 12.01.2027 | 1.29% |
| GREENVILLE N C UTILS COMMN COMB ENTERPRISE SYS REV 5% | NC.GRVUTL 5 09.01.2049 | 1.12% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 1.10% |
| NORTH CAROLINA HSG FIN AGY MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.45% | NC.NCSMFH 4.45 05.01.2040 | 1.09% |
| NORTH CAROLINA CAP FACS FIN AGY REV 5% | NC.NCSFAC 5 10.01.2044 | 1.09% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5.5% | NC.NCSHSG 5.5 01.01.2054 | 1.06% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5% | NC.NCSHSG 5 07.01.2047 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02992 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02892 | Jul 1, 2025 |
| May 30, 2025 | $0.02948 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02857 | May 1, 2025 |
| Mar 31, 2025 | $0.02927 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02638 | Mar 3, 2025 |