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Address And Details

500 Boylston St , Boston, MA 02116
Fund Manager Michael L. Dawson
Manager Tenure 23 Years

Strategy And Objective

The Fund s investment objective is to seek total return with an emphasis on income exempt from federal income tax and personal income tax, if any, of California, 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 California. Interest from the fund s investments may be subject to the federal alternative minimum tax. MFS (Massachusetts Financial Services Company, the fund s investment adviser) may also invest the fund s assets in taxable instruments, including municipal instruments of other states. MFS normally invests the fund s assets primarily in municipal instruments. FS may invest 25% or more of the fund s assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water or sewers. Municipal instruments whose interest is exempt from federal and state personal income tax include instruments issued by U.S. territories and possessions (such as Puerto Rico, Guam, and the U.S. Virgin Islands) and their political subdivisions and public corporations.MFS primarily invests the fund s assets in investment grade quality debt instruments, but may also invest in below investment grade quality debt instruments. MFS invests a significant percentage of the fund s assets in municipal instruments of California. While MFS may use derivatives for any investment purpose, to the extent MFS uses derivatives, MFS expects to use derivatives primarily to increase or decrease exposure to a particular market, segment of the market, or security, to increase or decrease interest rate exposure, or as alternatives to direct investments. Derivatives include futures, forward contracts, options, inverse floating rate instruments, swaps, and certain complex structured securities.MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental Analysis of individual instruments and their issuers. Quantitative screening tools that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.For purposes of the fund s 80% policy, net assets include the amount of any borrowings for investment purposes.

Net Asset Value

as of 6:19 PM ET 01/25/2022

Performance

  • 1 Week
  • -0.64%
  • 1 Month
  • -1.89%
  • 3 Months
  • -1.11%
  • 1 Yr Return
  • -1.58%
  • 5 Yr Return
  • +4.89%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 99.68%
Cash 1.16%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.85%
Total Net Assets 19.62 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.05 -1.58 -1.03
Beta 1.38 1.29 1.26
R Squared 0.94 0.92 0.95
Std Deviation 5.60 4.61 4.63
Sharpe Ratio 0.60 0.53 n/a

Purchase Information

as of 5:54 PM ET 01/24/2022
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +2.01%
  • +2.01%
+2.01% +2.01%
3 Year
  • +4.11%
  • +4.11%
+4.11% +4.11%
10 Year
  • +3.51%
  • +3.51%
+3.51% +3.51%
Life Of Fund
  • +3.78%
  • +3.78%
+3.78% +3.78%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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