MBSCX

About MBSCX

The MFS South Carolina Municipal Bond Fund Class B is a mutual fund focused on providing income that is generally exempt from both federal and South Carolina state income taxes. Its primary objective is to deliver total return, with an emphasis on generating tax-advantaged income for residents of South Carolina, while also assessing capital appreciation opportunities. The fund invests predominantly in municipal securities issued by South Carolina state and local entities, which are used to finance public projects such as infrastructure and education. As of June 2025, municipal bonds comprise the vast majority of the portfolio, with a small allocation to high-yield corporates and cash equivalents. The fund adopts a strategy centered on sector and security selection as well as yield curve positioning to enhance performance. The share class features a contingent deferred sales charge that declines over time. The fund benchmarks its results against the Bloomberg Municipal Bond Index, a widely recognized measure of the U.S. municipal bond market. It caters to investors seeking double tax-free income and plays a significant role in facilitating funding for South Carolina’s public initiatives while offering investors access to the state’s municipal debt markets.