MFSCX

About MFSCX

MFS South Carolina Municipal Bond Fund Class A is an open-end municipal bond mutual fund designed to offer investors tax-advantaged income. Its primary objective is to seek total return, with a particular emphasis on generating income that is exempt from both federal income tax and South Carolina personal income tax. The fund invests at least 80% of its assets in municipal securities and related investments, primarily those issued by state and local governments in South Carolina to fund public projects. This makes it particularly attractive to South Carolina residents looking for double tax-free income. The fund pursues performance through sector and security selection as well as yield curve analysis, with a portfolio typically holding over 200 securities. Established in 1984, the fund has a longstanding track record and is managed to align with the needs of investors focused on tax efficiency and stable income, while also considering potential for capital appreciation. It publishes monthly dividends and has a moderate expense ratio, reflecting its professional management and research-driven approach to the municipal bond market.