Skip to main content

Address And Details

500 Boylston St , Boston, MA 02116
Fund Manager Michael L. Dawson
Manager Tenure 6 Years 1 Months

Strategy And Objective

The Funds investment objective is to seek total return with an emphasis on income exempt from federal income tax and personal income tax, if any, of Virginia, 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 Virginia. Interest from the funds investments may be subject to the federal alternative minimum tax. MFS (Massachusetts Financial Services Company, the funds investment adviser) may also invest the funds assets in taxable instruments, including municipal instruments of other states. MFS normally invests the funds assets primarily in municipal instruments. MFS may invest 25% or more of the funds 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 funds 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 funds assets in municipal instruments of Virginia.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, structured securities, inverse floating rate instruments, and swaps. 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 models that systematically evaluate instruments may also be considered. In structuring the fund, MFS also considers top-down factors.For purposes of the funds 80% policy, net assets include the amount of any borrowings for investment purposes.

Net Asset Value

as of 5:41 PM ET 05/17/2022


  • 1 Week
  • -1.01%
  • 1 Month
  • -4.12%
  • 3 Months
  • -8.20%
  • 1 Yr Return
  • -11.51%
  • 5 Yr Return
  • -9.24%

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 97.69%
Cash 1.69%
Other 0.62%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 88.75 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.19 -0.25 n/a
Beta 1.03 1.00 n/a
R Squared 0.97 0.96 n/a
Std Deviation 5.21 4.27 n/a
Sharpe Ratio -0.04 0.14 n/a

Purchase Information

as of 5:49 PM ET 05/16/2022
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -7.17%
  • -3.53%
-7.17% -3.53%
3 Year
  • +0.46%
  • +1.65%
+0.46% +1.65%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +1.52%
  • +2.05%
+1.52% +2.05%

Top 10 Holdings

Symbol Company Name % Of Assets

Recommended for You