MFS Arkansas Municipal Bond Fund Class B is a mutual fund designed to provide investors with income primarily exempt from federal and Arkansas state income taxes. The fund principally invests at least 80% of its assets in municipal bonds and related securities—debt instruments issued by state and local governments or related entities in Arkansas and, to a lesser extent, in other U.S. states. These holdings often finance public projects such as infrastructure, schools, and community developments. The fund places an emphasis on investment-grade securities but can also include a portion of below investment-grade bonds, introducing some credit risk. Distributions are paid monthly, offering steady cash flow to shareholders. The fund employs a strategy that seeks total return with a priority on tax-advantaged income, making it relevant for investors with Arkansas tax exposure. MFS Arkansas Municipal Bond Fund Class B plays a specialized role in the municipal bond market, serving as an option for those seeking diversification within fixed income and aiming for tax efficiency specific to Arkansas residents.
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