MBPAX

About MBPAX

MFS Pennsylvania Municipal Bond Fund Class B is a mutual fund focused on providing investors with tax-exempt income by investing primarily in municipal bonds issued within Pennsylvania. The fund's primary objective is to deliver a total return that emphasizes income exempt from both federal and Pennsylvania state personal income taxes, making it particularly relevant for in-state residents seeking double tax-free income. The portfolio consists largely of municipal securities such as bonds issued by state agencies, local governments, and public authorities, often supporting infrastructure, education, and public utility projects within Pennsylvania. The fund employs sector and security selection as well as yield curve analysis to manage risk and seek attractive yields. With an effective duration indicating sensitivity to interest rates and holdings diversified across a range of issuers, it serves as a specialized fixed-income instrument tailored for those aiming to preserve capital while minimizing tax liability. It benchmarks its performance against the Bloomberg Municipal Bond Index, underscoring its market role in the state and national municipal bond landscape.