MPMDX

About MPMDX

MFS Maryland Municipal Bond Fund R6 is a mutual fund that primarily invests in municipal securities issued within the state of Maryland. The fund’s principal objective is to generate current income that is exempt from both federal and Maryland state personal income taxes, making it particularly relevant for investors seeking tax-advantaged income. It may invest up to one-third of its assets in lower-rated tax-exempt securities, though it generally emphasizes high-grade municipal bonds to manage credit risk. Spanning a portfolio of over 200 holdings, the fund provides diversified exposure to Maryland’s municipal debt market, supporting the state’s infrastructure, schools, and public projects. With a history dating back to 2017 and a competitive expense ratio, the fund plays a notable role in the muni single state long category, offering monthly dividend distributions and the potential for tax-efficient returns for Maryland residents and institutions. Its market performance and consistent monthly payouts underscore its place as a specialized instrument for income-oriented strategies focused on tax efficiency within a geographic mandate.