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MFS AL Municipal Bond B (MBABX)

10.30 Down 0.01(0.10%) Jul 30

Profile as of Jun 29, 2014Get Profile for:
MFS AL Municipal Bond B
111 Huntington Avenue24th Floor
Phone: 800-225-2606
Fund Overview 
Category:Muni Single State Long
Fund Family:MFS
Net Assets:53.40M
Year-to-Date Return:5.79%
Morningstar Rating:2 stars
Fund Inception Date:Sep 7, 1993
Morningstar Style Box 
Muni Single State Long
[View Category Definition]
View Top Muni Single State Long Funds
About the Morningstar Style Box
Management Information 
Michael L. Dawson
Lead Manager since Jan 1, 1999
Michael L. Dawson is an investment officer of MFS Investment Management® (MFS®) and a portfolio manager of the firm's state municipal bond funds. Michael joined MFS in 1998 and was named portfolio manager in 1999. Prior to joining MFS, Michael worked in institutional sales - fixed income for Fidelity Capital Markets and Goldman Sachs. Prior to that, he was a research analyst in the municipal bond group at Franklin Templeton. He is a graduate of Santa Clara University and received an MBA degree from Babson College in 1999. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:250
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
MBABX can be purchased from 57 brokerages.

Fund Summary 
The investment seeks total return with an emphasis on income exempt from federal income tax and personal income tax, if any, of Alabama, but also considering capital appreciation. The fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax and personal income tax, if any, of Alabama. Interest from the fund's investments may be subject to the federal alternative minimum tax. The adviser normally invests the fund's assets primarily in municipal instruments.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.02
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 28, 2014) : 15.00%
Average for Category:11.28%
Fees & Expenses 
ExpenseMBABXCategory Avg
Annual Report Expense Ratio (net):1.68%0.95%
Prospectus Net Expense Ratio:1.68%N/A
Prospectus Gross Expense Ratio:1.80%N/A
Max 12b1 Fee:1.00%N/A
Max Front End Sales Load:N/A4.49%
Max Deferred Sales Load: 4.00%2.14%
3 Yr Expense Projection*:855523
5 Yr Expense Projection*:1,164761
10 Yr Expense Projection*:1,9091,429
* Per $10,000 invested