MFS California Municipal Bond Fund (MCFTX)
The investment seeks 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. The adviser normally invests the fund's assets primarily in municipal instruments.
Fund Info
ISIN | US55273N5905 |
---|---|
CUSIP | 55273N590 |
Issuer | MFS |
Inception Date | Jun 17, 1985 |
Category | Municipal Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
MCFTX has a high expense ratio of 0.70%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MFS California Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MFS California Municipal Bond Fund had a return of -0.29% year-to-date (YTD) and 3.37% in the last 12 months. Over the past 10 years, MFS California Municipal Bond Fund had an annualized return of 2.73%, while the S&P 500 had an annualized return of 10.64%, indicating that MFS California Municipal Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.29% | 7.50% |
1 month | 0.28% | -1.61% |
6 months | 7.58% | 17.65% |
1 year | 3.37% | 26.26% |
5 years (annualized) | 1.01% | 11.73% |
10 years (annualized) | 2.73% | 10.64% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.36% | 0.12% | 0.57% | -1.16% | ||||||||
2023 | -1.99% | 7.36% | 2.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCFTX is 26, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MFS California Municipal Bond Fund(MCFTX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS California Municipal Bond Fund (MCFTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS California Municipal Bond Fund granted a 3.44% dividend yield in the last twelve months. The annual payout for that period amounted to $0.19 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.19 | $0.19 | $0.16 | $0.14 | $0.16 | $0.19 | $0.20 | $0.22 | $0.21 | $0.22 | $0.23 | $0.23 |
Dividend yield | 3.44% | 3.38% | 2.90% | 2.25% | 2.58% | 3.01% | 3.46% | 3.62% | 3.59% | 3.61% | 3.76% | 4.15% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS California Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.02 | $0.03 | $0.02 | ||||||||
2023 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS California Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS California Municipal Bond Fund was 17.87%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current MFS California Municipal Bond Fund drawdown is 6.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-17.87% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
-16.42% | Jan 24, 2008 | 226 | Dec 15, 2008 | 176 | Aug 27, 2009 | 402 |
-15.43% | Mar 12, 1987 | 158 | Oct 19, 1987 | 96 | Mar 1, 1988 | 254 |
-13.44% | Mar 2, 2020 | 15 | Mar 20, 2020 | 192 | Dec 22, 2020 | 207 |
-12.64% | Oct 18, 1993 | 287 | Nov 22, 1994 | 135 | May 30, 1995 | 422 |
Volatility
Volatility Chart
The current MFS California Municipal Bond Fund volatility is 0.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.