MFS Massachusetts Municipal Bond Fund Class I (MTALX)
| Fund Assets | 374.43M |
| Expense Ratio | 0.57% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.47% |
| Dividend Growth | 2.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.61 |
| YTD Return | -3.07% |
| 1-Year Return | -2.81% |
| 5-Year Return | -2.44% |
| 52-Week Low | 8.43 |
| 52-Week High | 9.12 |
| Beta (5Y) | n/a |
| Holdings | 269 |
| Inception Date | Apr 1, 2016 |
About MTALX
The MFS Massachusetts Municipal Bond Fund Class I is a tax-exempt municipal bond mutual fund focused on providing investors with a high level of current income that is exempt from both federal and Massachusetts state income taxes. The fund predominantly invests in a diversified portfolio of municipal securities issued by the state of Massachusetts and its municipalities, typically allocating at least 80% of its assets to these tax-advantaged instruments. Its investment strategy emphasizes sector and security selection, as well as yield curve analysis, seeking to deliver attractive risk-adjusted returns while prioritizing income generation. The fund's holdings feature a mix of credit qualities, including significant allocations to AA, A, and BBB-rated bonds, allowing for diversification across credit risk profiles. Targeted largely to residents seeking to benefit from double tax-free income, the fund pays dividends monthly and is structured to have no sales charge for eligible investors. Its long-standing presence in the municipal bond sector highlights its role as a key instrument for both income-focused investors and those with Massachusetts tax considerations.
Performance
MTALX had a total return of -2.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.53%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDMMX | Fidelity | Fidelity Massachusetts Municipal Income Fund | 0.45% |
Top 10 Holdings
12.72% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 3.19% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 1.34% |
| MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% | MA.MASTRN 5.25 07.01.2052 | 1.12% |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5% | MA.MASEDU 5 02.15.2044 | 1.08% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2053 | 1.07% |
| NEWTON MASS 4% | MA.NWT 4 02.01.2047 | 1.05% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5% | MA.MASHSG 5.5 12.01.2052 | 0.99% |
| TRI-CNTY REGL VOCATIONAL TECHNICAL SCH DIST MASS 4% | MA.TRIHGR 4 06.01.2044 | 0.98% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 0.96% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA.MASTRN 5 07.01.2042 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.026 | Aug 1, 2025 |
| Jun 30, 2025 | $0.025 | Jul 1, 2025 |
| May 30, 2025 | $0.02571 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02463 | May 1, 2025 |
| Mar 31, 2025 | $0.02525 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02279 | Mar 3, 2025 |