MPALX

About MPALX

MFS Pennsylvania Municipal Bond Fund Class I is an open-end municipal bond mutual fund focused on generating total return with an emphasis on income that is generally exempt from federal income tax and Pennsylvania personal income tax. The strategy centers on Pennsylvania municipal securities, applying sector and security selection alongside yield-curve analysis to pursue tax-advantaged income while considering capital appreciation. Managed within the Muni Pennsylvania category, the portfolio invests primarily in debt issued by state and local entities across Pennsylvania, including general obligation and revenue bonds that finance infrastructure, education, transportation, and public services. The fund uses the Bloomberg Municipal Bond Index as a broad market reference for municipal debt. Class I shares provide institutional pricing features and reflect the fund’s approach to long-term, research-driven credit selection and risk management across interest-rate cycles. With a history dating to the fund’s 1993 commencement and a dedicated management team, MFS Pennsylvania Municipal Bond Fund Class I occupies a targeted role for investors seeking state-specific, double tax–free income exposure within the U.S. municipal bond market.