MFS Virginia Municipal Bond Fund Class C (MVACX)
| Fund Assets | 349.74M |
| Expense Ratio | 1.56% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.47% |
| Dividend Growth | 8.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.29 |
| YTD Return | 0.70% |
| 1-Year Return | 2.36% |
| 5-Year Return | -1.53% |
| 52-Week Low | 9.46 |
| 52-Week High | 10.31 |
| Beta (5Y) | n/a |
| Holdings | 234 |
| Inception Date | Jan 3, 1994 |
About MVACX
MFS Virginia Municipal Bond Fund Class C is an open-end municipal bond mutual fund focused on generating tax-advantaged income for Virginia residents. The fund primarily invests in investment-grade debt issued by Virginia state and local governments and related authorities to finance public projects such as utilities, transportation, and education infrastructure. Its strategy emphasizes income exempt from federal income tax and, for in-state investors, Virginia personal income tax, while also considering long-term total return. Managed by Massachusetts Financial Services with a long-tenured team and track record dating back to the 1990s, the portfolio typically maintains a longer interest-rate duration consistent with single-state, long-maturity municipal strategies. Distributions are paid monthly, reflecting the underlying coupon income from diversified holdings across revenue and general obligation bonds. As a single-state portfolio, it offers targeted tax efficiency and localized credit exposure, playing a niche role in the municipal market for investors seeking state-specific tax-exempt income within a professionally managed structure.
Performance
MVACX had a total return of 2.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.97%.
Top 10 Holdings
13.02% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.77% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2045 | 1.50% |
| VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG | VA.VACHGR 5 02.01.2038 | 1.28% |
| ISLE WIGHT CNTY VA ECONOMIC DEV AUTH HEALTH SYS REV 5.25% | VA.ILWDEV 5.25 07.01.2048 | 1.24% |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25% | VA.HRDTRN 5.25 07.01.2064 | 1.23% |
| VIRGINIA PORT AUTH PORT FAC REV 5.25% | VA.VASTRN 5.25 07.01.2055 | 1.22% |
| Currency Cash CASH_USD | n/a | 1.22% |
| ALEXANDRIA VA 5% | VA.ALE 5 12.15.2038 | 1.20% |
| RICHMOND VA REDEV & HSG AUTH MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.5% | VA.RICHSG 4.5 05.01.2040 | 1.18% |
| VIRGINIA ST HSG DEV AUTH 5.15% | VA.VASHSG 5.15 11.01.2048 | 1.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0214 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02107 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02227 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02335 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0219 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02169 | Sep 2, 2025 |