MFS North Carolina Municipal Bond Fund (MSNCX)
The investment seeks total return with an emphasis on income exempt from federal income tax and personal income tax, if any, of North Carolina, 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 North Carolina. 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
US55273N8719
55273N871
Oct 30, 1984
$1,000
Expense Ratio
MSNCX features an expense ratio of 0.84%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MFS North Carolina 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 North Carolina Municipal Bond Fund had a return of 0.45% year-to-date (YTD) and 3.16% in the last 12 months. Over the past 10 years, MFS North Carolina Municipal Bond Fund had an annualized return of 1.88%, while the S&P 500 had an annualized return of 11.26%, indicating that MFS North Carolina Municipal Bond Fund did not perform as well as the benchmark.
MSNCX
0.45%
0.83%
0.57%
3.16%
0.39%
1.88%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of MSNCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.27% | 0.45% | |||||||||||
| 2024 | -0.27% | -0.02% | 0.32% | -1.23% | -0.02% | 2.04% | 1.00% | 0.62% | 1.25% | -1.54% | 1.74% | -1.55% | 2.30% |
| 2023 | 3.34% | -2.62% | 1.95% | 0.06% | -0.78% | 0.52% | 0.15% | -1.34% | -3.09% | -1.90% | 7.10% | 2.80% | 5.88% |
| 2022 | -2.52% | -0.55% | -2.96% | -2.77% | 1.36% | -2.27% | 2.78% | -2.60% | -4.56% | -1.06% | 5.55% | -0.16% | -9.74% |
| 2021 | 0.68% | -1.17% | 0.51% | 1.07% | 0.41% | 0.40% | 0.81% | -0.44% | -0.86% | -0.19% | 0.81% | 0.14% | 2.17% |
| 2020 | 1.82% | 1.19% | -5.32% | -2.06% | 3.26% | 1.42% | 1.66% | -0.23% | 0.02% | -0.23% | 1.72% | 0.77% | 3.81% |
| 2019 | 0.45% | 0.59% | 1.57% | 0.51% | 1.21% | 0.32% | 0.58% | 1.68% | -0.60% | -0.10% | 0.14% | 0.31% | 6.84% |
| 2018 | -0.93% | -0.28% | 0.36% | -0.35% | 1.07% | 0.10% | 0.19% | 0.27% | -0.71% | -0.78% | 0.89% | 0.89% | 0.71% |
| 2017 | 0.31% | 0.62% | 0.21% | 0.62% | 1.23% | -0.07% | 0.54% | 0.70% | -0.33% | -0.16% | -0.26% | 0.87% | 4.36% |
| 2016 | 0.96% | 0.09% | 0.45% | 0.69% | 0.28% | 1.34% | -0.22% | 0.28% | -0.46% | -0.71% | -3.07% | 0.65% | 0.22% |
| 2015 | 1.79% | -0.98% | 0.28% | -0.47% | -0.22% | -0.23% | 0.63% | 0.28% | 0.53% | 0.28% | 0.44% | 0.71% | 3.06% |
| 2014 | 1.90% | 0.88% | 0.56% | 1.15% | 1.58% | -0.06% | 0.12% | 1.30% | 0.19% | 0.79% | 0.10% | 0.70% | 9.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MSNCX is 41, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS North Carolina Municipal Bond Fund (MSNCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS North Carolina Municipal Bond Fund provided a 3.10% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.31 | $0.23 | $0.22 | $0.28 | $0.34 | $0.37 | $0.39 | $0.40 | $0.40 | $0.40 |
Dividend yield | 3.10% | 3.10% | 2.84% | 2.19% | 1.81% | 2.35% | 2.88% | 3.23% | 3.32% | 3.49% | 3.34% | 3.33% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS North Carolina 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.00 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2017 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.40 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS North Carolina 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 North Carolina Municipal Bond Fund was 15.25%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current MFS North Carolina Municipal Bond Fund drawdown is 2.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.25% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -14.51% | Mar 23, 1987 | 151 | Oct 19, 1987 | 83 | Feb 11, 1988 | 234 |
| -12.21% | Mar 2, 2020 | 15 | Mar 20, 2020 | 177 | Dec 1, 2020 | 192 |
| -11.75% | Feb 1, 1994 | 211 | Nov 22, 1994 | 125 | May 16, 1995 | 336 |
| -11.41% | Jan 24, 2008 | 184 | Oct 15, 2008 | 125 | Apr 16, 2009 | 309 |
Volatility
Volatility Chart
The current MFS North Carolina Municipal Bond Fund volatility is 1.28%, 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.