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Trending ETFs

MFS Maryland Municipal Bond Fund

mutual fund
MFSMX
Payout Change
Pending
Price as of:
$10.21 -0.01 -0.1%
primary theme
Municipal Bond
share class
I (MMDIX) B (MBMDX) R6 (MPMDX) A (MFSMX)
MFSMX (Mutual Fund)

MFS Maryland Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.21 -0.01 -0.1%
primary theme
Municipal Bond
share class
I (MMDIX) B (MBMDX) R6 (MPMDX) A (MFSMX)
MFSMX (Mutual Fund)

MFS Maryland Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.21 -0.01 -0.1%
primary theme
Municipal Bond
share class
I (MMDIX) B (MBMDX) R6 (MPMDX) A (MFSMX)

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MFS Maryland Municipal Bond Fund

MFSMX | Fund

$10.21

$118 M

2.94%

$0.30

0.99%

Vitals

YTD Return

3.7%

1 yr return

6.1%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.1%

Net Assets

$118 M

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MFS Maryland Municipal Bond Fund

MFSMX | Fund

$10.21

$118 M

2.94%

$0.30

0.99%

MFSMX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS Maryland Municipal Bond Fund
  • Fund Family Name
    MFS Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Dawson

Fund Description

The fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax and personal income tax, if any, of Maryland. Interest from the fund’s investments may be subject to the federal alternative minimum tax. MFS (Massachusetts Financial Services Company, the fund's investment adviser) may also invest the fund's assets in taxable instruments, including municipal instruments of other states.

MFS normally invests the fund’s assets primarily in municipal instruments.

MFS invests a significant percentage of the fund’s assets in municipal instruments of Maryland.

MFS may invest a significant percentage of the fund’s assets in a single issuer or a small number of issuers.

MFS may invest 25% or more of the fund’s assets in municipal instruments that finance similar types of projects, such as those relating to education, healthcare, housing, utilities, water or sewers. Municipal instruments whose interest is exempt from federal and state personal income tax include instruments issued by U.S. territories and possessions (such as Puerto Rico, Guam, and the U.S. Virgin Islands) and their political subdivisions and public corporations.

MFS primarily invests the fund’s assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments.

While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments. Derivatives include futures, forward contracts, options, inverse floating rate instruments, and swaps.

MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.

For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.

Read More

MFSMX - Performance

Return Ranking - Trailing

Period MFSMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -4.4% 40.7% 39.89%
1 Yr 6.1% -2.6% 45.9% 26.93%
3 Yr -0.1%* -10.2% 6.4% 46.45%
5 Yr 1.1%* -6.5% 1105.2% 43.13%
10 Yr 1.9%* -0.9% 249.0% 39.58%

* Annualized

Return Ranking - Calendar

Period MFSMX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -1.4% 41.0% 31.04%
2022 -12.0% -39.7% 0.3% 54.40%
2021 0.6% -5.6% 6.9% 13.26%
2020 1.4% -2.6% 310.0% 66.39%
2019 3.2% 0.0% 26.0% 73.72%

Total Return Ranking - Trailing

Period MFSMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -4.4% 40.7% 39.89%
1 Yr 6.1% -2.6% 45.9% 26.93%
3 Yr -0.1%* -10.2% 6.4% 46.45%
5 Yr 1.1%* -6.5% 1105.2% 43.13%
10 Yr 1.9%* -0.9% 249.0% 39.58%

* Annualized

Total Return Ranking - Calendar

Period MFSMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -1.3% 41.0% 22.15%
2022 -9.8% -39.7% 1.1% 55.97%
2021 2.8% -4.8% 23761504.0% 20.07%
2020 3.5% -1.5% 17057.9% 59.87%
2019 5.2% 0.2% 3514.6% 77.75%

NAV & Total Return History

MFSMX - Holdings

Concentration Analysis

MFSMX Category Low Category High MFSMX % Rank
Net Assets 118 M 3.22 M 71.9 B 84.01%
Number of Holdings 215 4 13418 54.60%
Net Assets in Top 10 20.1 M -317 M 3.09 B 87.37%
Weighting of Top 10 15.56% 1.8% 100.3% 60.89%

Top 10 Holdings

  1. MFS Institutional Money Market Portfolio, Class A 2.94%
  2. Maryland Community Development Administration, Series 2006 G 1.78%
  3. State of Maryland 1.62%
  4. County of Anne Arundel 1.48%
  5. Puerto Rico Sales Tax Financing Corp. Sales Tax 1.42%
  6. Maryland Stadium Authority, Series 2018 A 1.42%
  7. Washington Metropolitan Area Transit Authority Dedicated 1.31%
  8. County of Prince George's 1.21%
  9. Metropolitan Washington Airports Authority Aviation 1.20%
  10. Maryland Community Development Administration 1.18%

Asset Allocation

Weighting Return Low Return High MFSMX % Rank
Bonds 		92.03% 0.00% 150.86% 93.69%
Cash 		4.26% -50.86% 44.62% 11.22%
Stocks 		0.00% 0.00% 99.78% 78.32%
Preferred Stocks 		0.00% 0.00% 0.07% 76.36%
Other 		0.00% -3.69% 53.54% 74.61%
Convertible Bonds 		0.00% 0.00% 0.93% 75.99%

Bond Sector Breakdown

Weighting Return Low Return High MFSMX % Rank
Municipal 		95.77% 44.39% 100.00% 75.79%
Cash & Equivalents 		2.94% 0.00% 44.41% 16.39%
Corporate 		0.21% 0.00% 9.41% 11.60%
Derivative 		0.00% -3.69% 53.54% 74.08%
Securitized 		0.00% 0.00% 5.93% 76.06%
Government 		0.00% 0.00% 52.02% 78.42%

Bond Geographic Breakdown

Weighting Return Low Return High MFSMX % Rank
US 		92.03% 0.00% 142.23% 93.22%
Non US 		0.00% 0.00% 23.89% 78.37%

MFSMX - Expenses

Operational Fees

MFSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 8.02% 30.04%
Management Fee 0.45% 0.00% 1.20% 62.42%
12b-1 Fee 0.25% 0.00% 1.00% 57.14%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

MFSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.50% 4.75% 20.11%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

MFSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MFSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 283.00% 45.75%

MFSMX - Distributions

Dividend Yield Analysis

MFSMX Category Low Category High MFSMX % Rank
Dividend Yield 2.94% 0.00% 14.51% 29.40%

Dividend Distribution Analysis

MFSMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MFSMX Category Low Category High MFSMX % Rank
Net Income Ratio 1.79% -0.53% 5.33% 59.62%

Capital Gain Distribution Analysis

MFSMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MFSMX - Fund Manager Analysis

Managers

Michael Dawson

Start Date

Tenure

Tenure Rank

Jan 01, 1999

23.43

23.4%

Michael L. Dawson is an investment officer and a portfolio manager of MFS Investment Management® (MFS®). Michael joined MFS in 1998 and was named portfolio manager in 1999. Prior to joining MFS, Michael worked in institutional sales - fixed income for Fidelity Capital Markets and Goldman Sachs. Prior to that, he was a research analyst in the municipal bond group at Franklin Templeton. He is a graduate of Santa Clara University and received an MBA degree from Babson College in 1999. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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