The MFS Virginia Municipal Bond Fund I is an open-end mutual fund dedicated to providing investors with a total return, emphasizing income that is exempt from both federal and Virginia state personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued by entities within the Commonwealth of Virginia. Its portfolio is composed of a diversified array of Virginia municipal bonds, with strong representation in high-credit-quality segments such as AA and A ratings, and holds securities across various vital infrastructure sectors including housing, education, and transportation. This fund is managed with a focus on minimizing tax liability, making it particularly relevant for investors subject to higher state and federal tax rates. In addition to its income-oriented approach, the fund also considers capital appreciation opportunities. MFS Virginia Municipal Bond Fund I maintains a competitive expense ratio and is structured for institutional and high-net-worth investors, featuring no minimum initial investment and a cost advantage over many peers. By supporting financing for public projects in Virginia, the fund plays a key role in connecting municipal issuers with capital while offering investors diversified exposure to tax-advantaged municipal debt.
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