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    MFS AL Municipal Bond B (MBABX)

    10.36 0.00(0.00%) Oct 9

    Profile as of Sep 29, 2015Get Profile for:
    MFS AL Municipal Bond B
    MFS Municipal Series Trust111 Huntington Avenue, 24th FloorBoston, MA 2199
    Phone: 800-225-2606
    Fund Overview 
    Category:Muni Single State Long
    Fund Family:MFS
    Net Assets:52.25M
    Year-to-Date Return:1.06%
    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 (Sep 29, 2015) : 0.02
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Oct 7, 2015) : 22.00%
    Average for Category:12.94%
    Fees & Expenses 
    ExpenseMBABXCategory Avg
    Annual Report Expense Ratio (net):1.68%1.00%
    Prospectus Net Expense Ratio:1.68%N/A
    Prospectus Gross Expense Ratio:1.84%N/A
    Max 12b1 Fee:1.00%N/A
    Max Front End Sales Load:N/A4.42%
    Max Deferred Sales Load: 4.00%2.03%
    3 Yr Expense Projection*:863526
    5 Yr Expense Projection*:1,181774
    10 Yr Expense Projection*:1,9491,469
    * Per $10,000 invested