MBABX

About MBABX

MFS Alabama Municipal Bond Fund Class B is a municipal bond mutual fund focused on generating total return, with an emphasis on income that is exempt from federal and Alabama state personal income taxes. The fund primarily invests in bonds issued by state and local governments and related agencies within Alabama, supporting public infrastructure and development projects. By concentrating on Alabama-issued municipal securities, the fund seeks to offer residents of the state the advantage of double tax-exempt income. It employs a strategy driven by sector and security selection, as well as active yield curve positioning, to optimize returns while prioritizing tax efficiency. With a history dating back to 1990, the fund provides exposure to the long-duration, single-state municipal bond sector, which is typically characterized by lower credit risk and steady income streams. Its investment universe and tax-exempt focus make it particularly relevant for Alabama residents seeking income with favorable tax treatment, playing a specialized role within the broader fixed income market and offering diversification benefits alongside taxable bond investments.