MFS Virginia Municipal Bond Fund R6 is a mutual fund focused on providing income exempt from both federal and Virginia state personal income taxes. Structured as a single-state municipal bond fund, it primarily invests at least 80% of its net assets in securities whose interest payments are generally tax-free for Virginia residents. The fund employs an actively managed strategy, seeking to balance income generation with the preservation of capital and consideration for potential capital appreciation. It is tailored for investors who prioritize tax-exempt income, especially those residing in Virginia. The fund tracks the Bloomberg Municipal Bond Index as its benchmark, reflecting its emphasis on investment-grade municipal debt issued by various public sector entities within Virginia. Notable features include diversified holdings across the state’s municipal landscape and an expense ratio that is competitive among its peer group. Since its inception in 2017, the fund has aimed to provide a stable source of income with relatively low correlation to equity markets, making it a key choice for individuals and institutions seeking municipal bond exposure within their tax-advantaged investment strategies.
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