MFS California Municipal Bond Fund Class R6 is an open-end mutual fund that primarily invests in municipal bonds issued within the state of California. The fund's main objective is to seek total return with a significant focus on generating income that is exempt from both federal and California state personal income taxes. By targeting "double tax-free" income, this fund is particularly tailored for California residents who benefit from its tax-advantaged structure. The investment team emphasizes performance through sector and security selection, as well as careful analysis of the yield curve. The fund is managed using a disciplined, risk-aware process, aiming for consistent long-term performance. Recognized for its experienced management and a process-driven approach, it is benchmarked against the Bloomberg Municipal Bond Index, reflecting the broader municipal bond market. As a Class R6 fund, it is structured for eligible investors, typically institutional clients, and is available without sales charges, enhancing cost efficiency. The MFS California Municipal Bond Fund Class R6 plays a crucial role in offering fixed income exposure with tax efficiency for investors seeking stable, tax-exempt income and capital preservation within the municipal bond segment.
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