MFS VA Municipal Bond C (MVACX)
| Fund Assets | 337.21M |
| Expense Ratio | 1.56% |
| Min. Investment | $1,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.42% |
| Dividend Growth | 7.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.19 |
| YTD Return | -0.02% |
| 1-Year Return | -0.88% |
| 5-Year Return | -3.07% |
| 52-Week Low | 9.66 |
| 52-Week High | 10.51 |
| 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 -0.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.80%.
Top 10 Holdings
16.46% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 4.59% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 2.03% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% | DC.DCTTRN 5 07.15.2045 | 1.47% |
| VIRGINIA COLLEGE BLDG AUTH VA 5% | VA.VACHGR 5 02.01.2038 | 1.28% |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25% | VA.HRDTRN 5.25 07.01.2064 | 1.20% |
| LOUISA VA INDL DEV AUTH POLLUTN CTL REV 0% | VA.LOUPOL 11.01.2035 | 1.20% |
| ISLE WIGHT CNTY VA ECONOMIC DEV AUTH HEALTH SYS REV 5.25% | VA.ILWDEV 5.25 07.01.2048 | 1.19% |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV 4% | VA.VASDEV 11.01.2052 | 1.18% |
| VIRGINIA ST HSG DEV AUTH 5.15% | VA.VASHSG 5.15 11.01.2048 | 1.16% |
| RICHMOND VA REDEV & HSG AUTH MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 4.5% | VA.RICHSG 4.5 05.01.2040 | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02169 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02152 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02064 | Jul 1, 2025 |
| May 30, 2025 | $0.02097 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02031 | May 1, 2025 |
| Mar 31, 2025 | $0.02073 | Apr 1, 2025 |