MFS Virginia Municipal Bond Fund (MSVAX)
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 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
US55273N8305
55273N830
Oct 30, 1984
$1,000
Expense Ratio
MSVAX has an expense ratio of 0.81%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
MFS Virginia Municipal Bond Fund (MSVAX) returned -2.51% year-to-date (YTD) and 1.19% over the past 12 months. Over the past 10 years, MSVAX returned 1.63% annually, underperforming the S&P 500 benchmark at 10.85%.
MSVAX
-2.51%
-0.34%
-3.51%
1.19%
0.84%
0.28%
1.63%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of MSVAX, 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 | 0.17% | 1.11% | -2.06% | -0.73% | -1.00% | -2.51% | |||||||
| 2024 | -0.48% | 0.06% | 0.20% | -1.12% | -0.04% | 1.93% | 0.75% | 0.64% | 1.12% | -1.36% | 1.82% | -1.56% | 1.90% |
| 2023 | 3.49% | -2.95% | 2.13% | 0.05% | -0.92% | 0.72% | 0.24% | -1.63% | -3.46% | -1.92% | 7.69% | 2.83% | 5.88% |
| 2022 | -2.35% | -0.55% | -2.89% | -3.05% | 1.36% | -2.37% | 2.75% | -2.63% | -4.28% | -0.99% | 5.39% | -0.29% | -9.86% |
| 2021 | 0.64% | -1.29% | 0.38% | 0.89% | 0.53% | 0.43% | 0.70% | -0.43% | -0.79% | -0.27% | 0.87% | 0.17% | 1.83% |
| 2020 | 1.82% | 1.24% | -4.67% | -1.84% | 3.29% | 1.42% | 1.57% | -0.28% | -0.04% | -0.21% | 1.63% | 0.87% | 4.64% |
| 2019 | 0.54% | 0.60% | 1.54% | 0.44% | 1.15% | 0.42% | 0.52% | 1.57% | -0.45% | -0.02% | 0.14% | 0.22% | 6.86% |
| 2018 | -0.82% | -0.30% | 0.45% | -0.29% | 1.09% | 0.17% | 0.27% | 0.26% | -0.65% | -0.74% | 0.82% | 1.01% | 1.25% |
| 2017 | 0.43% | 0.58% | 0.15% | 0.73% | 1.26% | -0.18% | 0.55% | 0.64% | -0.36% | -0.26% | -0.37% | 0.80% | 4.02% |
| 2016 | 1.25% | 0.10% | 0.39% | 0.63% | 0.28% | 1.21% | -0.09% | 0.26% | -0.42% | -0.74% | -3.10% | 0.79% | 0.49% |
| 2015 | 1.87% | -1.03% | 0.30% | -0.36% | -0.26% | -0.18% | 0.62% | 0.27% | 0.62% | 0.45% | 0.36% | 0.64% | 3.32% |
| 2014 | 2.29% | 1.02% | 0.23% | 1.28% | 1.72% | -0.18% | -0.00% | 1.25% | 0.08% | 0.80% | 0.18% | 0.55% | 9.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MSVAX is 15, meaning it’s performing worse than 85% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS Virginia Municipal Bond Fund (MSVAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
MFS Virginia Municipal Bond Fund provided a 3.19% dividend yield over the last twelve months, with an annual payout of $0.32 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 | $0.32 | $0.31 | $0.29 | $0.25 | $0.25 | $0.34 | $0.33 | $0.34 | $0.38 | $0.39 | $0.37 | $0.38 |
Dividend yield | 3.19% | 3.05% | 2.79% | 2.49% | 2.16% | 2.91% | 2.93% | 3.15% | 3.40% | 3.53% | 3.25% | 3.32% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Virginia 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 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 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 | $0.31 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 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 | $0.25 |
| 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 | $0.25 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.05 | $0.34 |
| 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 | $0.33 |
| 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 | $0.34 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2016 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.39 |
| 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 | $0.37 |
| 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 | $0.38 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Virginia 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 Virginia Municipal Bond Fund was 15.08%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current MFS Virginia Municipal Bond Fund drawdown is 5.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.08% | Aug 4, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -12.11% | Mar 2, 2020 | 15 | Mar 20, 2020 | 98 | Aug 10, 2020 | 113 |
| -11.7% | Jan 24, 2008 | 185 | Oct 16, 2008 | 127 | Apr 21, 2009 | 312 |
| -11.41% | Feb 1, 1994 | 211 | Nov 22, 1994 | 125 | May 16, 1995 | 336 |
| -11.24% | Mar 18, 1987 | 154 | Oct 19, 1987 | 70 | Jan 25, 1988 | 224 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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