The MFS Pennsylvania Municipal Bond Fund Class A is a municipal bond mutual fund focused on generating a total return with an emphasis on income that is generally exempt from both federal and Pennsylvania state personal income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by entities within Pennsylvania, such as state agencies, educational institutions, and local authorities. Its portfolio targets long-, intermediate-, and short-duration bonds, providing exposure to various segments within the municipal debt market. This focus makes the fund particularly relevant to Pennsylvania residents seeking tax-efficient income solutions. Managed by an experienced team, the fund places priority on credit quality and income stability, while also considering capital appreciation. The fund's annual expense ratio and yield are key factors for investors, and it pays dividends annually. It tracks the performance of relevant municipal indices and maintains a measured allocation among its top holdings, avoiding excessive concentration in any single issuer. As part of the broader municipal bond market, the fund plays a role in financing public projects within Pennsylvania and offers a tax-advantaged fixed income option tailored for residents of the state.
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