MFS New York Municipal Bond Fund Class C is an open-end mutual fund that specializes in investing primarily in municipal debt instruments issued by New York State and its municipalities. The fund’s principal objective is to provide current income that is exempt from both federal and New York State personal income taxes, an attractive feature for residents of New York seeking tax-efficient fixed income solutions. Under normal market conditions, the fund invests at least 80% of its assets in securities whose interest is generally exempt from these taxes, focusing mainly on investment-grade municipal bonds but permitting some exposure to below investment grade instruments and taxable securities as market conditions warrant. The fund uses a research-driven, bottom-up approach to security selection, supplemented by strategic yield curve and sector allocation analysis. Due to its targeted geographic exposure, the fund is particularly sensitive to the fiscal and economic health of New York State and its entities. Managed by Massachusetts Financial Services Company since 1988, the fund plays a specialized role in the municipal bond market, serving investors looking for tax-advantaged income within the context of New York’s municipal landscape.
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