MMGAX

About MMGAX

MFS Georgia Municipal Bond Fund Class A is a municipal bond mutual fund designed to provide investors with a total return, emphasizing income that is exempt from federal and Georgia state personal income taxes. This fund primarily invests in bonds issued by state and local governments within Georgia, which are typically used to finance public projects such as infrastructure, schools, and transportation. By focusing exclusively on securities from a single state, the fund enables Georgia residents to benefit from potential double tax-exempt income—free from both federal and state taxes—which can be especially attractive for individuals seeking tax-efficient income streams. Launched in 1988, MFS Georgia Municipal Bond Fund Class A employs an investment approach centered on sector and security selection, along with yield curve analysis, to uncover value and manage risk within the state’s municipal bond market. The fund's portfolio is characterized by a longer duration, generally targeting maturities exceeding twelve years, aligning with its objective to provide consistent income over time. As part of the muni single-state long category, this fund plays a significant role in supporting public finance within Georgia while serving investors who prioritize tax-advantaged income and capital preservation.