MISSX

About MISSX

MFS Mississippi Municipal Bond Fund Class A is a mutual fund specializing in tax-exempt municipal bonds primarily issued within the state of Mississippi. Its core objective is to offer investors a current income stream that is exempt from both federal and Mississippi personal income taxes. The fund focuses on high-quality municipal securities, though it may invest up to one third of its assets in lower-rated tax-exempt bonds to enhance yield. It generally maintains a long-duration profile, with portfolios having average maturities exceeding twelve years, which aligns with the "Muni Single State Long" category. The fund plays a significant role for investors seeking diversified access to Mississippi’s municipal debt market, supporting public projects such as schools, hospitals, and infrastructure. Managed by an experienced team since 1992, the fund is notable for its emphasis on tax efficiency and its ability to provide double tax-free income for Mississippi residents, making it a strategic choice for those aiming to preserve capital and receive consistent, tax-advantaged distributions within the fixed income segment of their portfolios.