MCCAX: MFS CA Municipal Bond C

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

MCCAX MFS CA Municipal Bond C


Profile

MCCAX - Profile

Vitals

  • YTD Return -3.2%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $544 M
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

$6.02
$5.55
$6.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -3.2%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MFS California Municipal Bond Fund
  • Fund Family Name
    MFS
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Dawson

Fund Description

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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

MCCAX - Performance

Return Ranking - Trailing

Period MCCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -7.5% 2.2% 78.35%
1 Yr -1.8% -4.2% 4.9% 76.32%
3 Yr -0.2%* -1.7% 1.9% 62.64%
5 Yr 0.2%* -1.2% 2.0% 54.19%
10 Yr 0.6%* -0.3% 1.8% 42.19%

* Annualized

Return Ranking - Calendar

Period MCCAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% 2.4% 8.8% 36.32%
2018 -2.5% -6.2% 2.8% 39.56%
2017 2.4% -0.2% 6.8% 44.58%
2016 -2.5% -7.9% -1.7% 17.20%
2015 0.8% -1.9% 1.8% 26.62%

Total Return Ranking - Trailing

Period MCCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -7.5% 2.2% 78.35%
1 Yr -1.8% -4.2% 4.9% 76.32%
3 Yr -0.2%* -1.7% 2.8% 62.64%
5 Yr 0.2%* -1.2% 3.3% 55.48%
10 Yr 0.6%* -0.3% 4.4% 48.44%

* Annualized

Total Return Ranking - Calendar

Period MCCAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% 2.4% 8.8% 36.32%
2018 -2.5% -6.2% 2.8% 42.86%
2017 2.4% -0.2% 6.9% 53.61%
2016 -2.5% -7.9% 0.8% 21.66%
2015 0.8% -1.9% 3.7% 31.17%

NAV & Total Return History


Holdings

MCCAX - Holdings

Concentration Analysis

MCCAX Category Low Category High MCCAX % Rank
Net Assets 544 M 2.77 M 15.7 B 55.67%
Number of Holdings 379 19 4406 36.60%
Net Assets in Top 10 49.4 M -117 M 2.84 B 72.68%
Weighting of Top 10 14.39% 3.4% 72.3% 70.10%

Top 10 Holdings

  1. US Treasury Bond Future June 20 2.66%
  2. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.12%
  3. IRVINE RANCH CALIF WTR DIST 0.1% 1.84%
  4. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.61%
  5. CALIFORNIA ST 5% 1.54%
  6. GROSSMONT CALIF UN HIGH SCH DIST 4% 1.06%
  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 0.98%
  8. MOUNT SAN ANTONIO CALIF CMNTY COLLEGE DIST 0% 0.90%
  9. CALIFORNIA MUN FIN AUTH REV 5% 0.85%
  10. TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5% 0.84%

Asset Allocation

Weighting Return Low Return High MCCAX % Rank
Bonds
96.89% 90.04% 139.32% 74.74%
Cash
3.11% -39.32% 9.96% 25.26%
Stocks
0.00% 0.00% 0.10% 60.82%
Preferred Stocks
0.00% 0.00% 0.00% 59.79%
Other
0.00% -0.14% 2.27% 64.43%
Convertible Bonds
0.00% 0.00% 0.00% 59.79%

Bond Sector Breakdown

Weighting Return Low Return High MCCAX % Rank
Municipal
96.86% 48.57% 101.06% 79.38%
Cash & Equivalents
3.03% -0.27% 10.98% 22.68%
Corporate
0.10% 0.00% 2.65% 4.12%
Derivative
0.00% 0.00% 0.00% 59.79%
Securitized
0.00% 0.00% 0.00% 59.79%
Government
0.00% -0.79% 47.09% 60.82%

Bond Geographic Breakdown

Weighting Return Low Return High MCCAX % Rank
US
90.00% 83.68% 135.97% 90.72%
Non US
6.89% 0.00% 8.76% 8.25%

Expenses

MCCAX - Expenses

Operational Fees

MCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.09% 3.74% 15.54%
Management Fee 0.45% 0.00% 0.65% 49.48%
12b-1 Fee 1.00% 0.00% 1.00% 91.43%
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

MCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load 1.00% 1.00% 5.00% 67.50%

Trading Fees

MCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 2.00% 235.00% 36.27%

Distributions

MCCAX - Distributions

Dividend Yield Analysis

MCCAX Category Low Category High MCCAX % Rank
Dividend Yield 0.00% 0.00% 0.95% 73.20%

Dividend Distribution Analysis

MCCAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MCCAX Category Low Category High MCCAX % Rank
Net Income Ratio 2.86% 0.73% 5.75% 51.81%

Capital Gain Distribution Analysis

MCCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MCCAX - Fund Manager Analysis

Managers

Michael Dawson


Start Date

Tenure

Tenure Rank

Jan 01, 1999

21.34

21.3%

Michael L. Dawson is an investment officer and a portfolio manager of MFS Investment Management® (MFS®). Michael joined MFS in 1998 and was named portfolio manager in 1999. Prior to joining MFS, Michael worked in institutional sales - fixed income for Fidelity Capital Markets and Goldman Sachs. Prior to that, he was a research analyst in the municipal bond group at Franklin Templeton. He is a graduate of Santa Clara University and received an MBA degree from Babson College in 1999. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.35 8.74 7.17