MFS Virginia Municipal Bond Fund Class B is a mutual fund dedicated to investing primarily in municipal bonds issued by the state of Virginia and its local authorities. The fund's main objective is to achieve total return with a particular focus on providing income that is exempt from both federal and Virginia state personal income taxes. It typically invests at least 80% of its assets in securities whose interest income qualifies for these tax exemptions, making it especially relevant for investors seeking tax-advantaged income within the state. With a diversified portfolio that included 238 holdings as of early 2025, the fund targets a range of Virginia’s public infrastructure and civic projects, such as transportation, housing, education, and public utilities. This broad exposure helps support the financing needs of key sectors within Virginia’s economy. The fund is structured as a Class B share offering, which carries a deferred sales charge that decreases over a six-year period. It features a moderate yield payout distributed monthly, catering to those prioritizing steady, tax-efficient income. Operating since 1993, the fund plays a specialized role by connecting investors to Virginia’s municipal market while emphasizing both safety and income generation within the municipal bond space.
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