MMDIX

About MMDIX

MFS Maryland Municipal Bond Fund Class I is a mutual fund designed to provide investors with a total return focus, emphasizing income that is generally exempt from both federal and Maryland state personal income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued by the state of Maryland and its various local entities, supporting infrastructure, development projects, and public works across the state. The strategy emphasizes investment in high-quality, investment-grade debt instruments while maintaining the flexibility to allocate a smaller portion to below-investment-grade securities to enhance yield and portfolio diversification. The fund uses sector and security selection as well as yield curve positioning to manage risk and generate returns. Notably, the fund aims to deliver 'double tax-free' income for Maryland residents, making it particularly attractive for those seeking to minimize their tax burden from interest income. With a longstanding history since 1984, this fund plays a significant role in the fixed income market for investors seeking tax-advantaged municipal bond exposure specific to Maryland.