MFS MA Municipal Bond I (MTALX)
| Fund Assets | 393.97M |
| Expense Ratio | 0.57% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.39% |
| Dividend Growth | 2.07% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 8.84 |
| YTD Return | -0.02% |
| 1-Year Return | -0.30% |
| 5-Year Return | 1.93% |
| 52-Week Low | 8.43 |
| 52-Week High | 9.09 |
| Beta (5Y) | n/a |
| Holdings | 268 |
| 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 -0.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.85%.
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 | 0.45% |
Top 10 Holdings
11.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 2.01% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 1.32% |
| MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% | MA.MASTRN 5.25 07.01.2052 | 1.10% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2053 | 1.08% |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5% | MA.MASEDU 5 02.15.2044 | 1.07% |
| NEWTON MASS 4% | MA.NWT 4 02.01.2047 | 1.03% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 5.5% | MA.MASHSG 5.5 12.01.2052 | 1.02% |
| TRI-CNTY REGL VOCATIONAL TECHNICAL SCH DIST MASS 4% | MA.TRIHGR 4 06.01.2044 | 0.99% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 11.01.2051 | 0.95% |
| MASSACHUSETTS ST DEV FIN AGY REV 4% | MA.MASDEV 4 10.01.2045 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02533 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02599 | Sep 2, 2025 |
| 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 |