Morningstar

MFS California Municipal Bond Fund Class B MBCAX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 5.56  /  −0.18 %
  • Total Assets 823.7M
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.420%
  • Distribution Fee Level Low
  • Share Class Type Deferred Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.82%
  • Effective Duration 9.09 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:45 AM GMT+0

Morningstar’s Analysis MBCAX

Will MBCAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MBCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MBCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MBCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

MFS CA Municipal Bond B holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings MBCAX

More MBCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Cash CASH_USD

1.44 12M
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.17 9M
municipal

LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 4.5%

1.03 8M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.02 8M
municipal

CALIFORNIA MUN FIN AUTH CTFS PARTN 5.25%

1.01 8M
municipal

OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY 5.25%

0.93 8M
municipal

INGLEWOOD CALIF JT PWRS AUTH LEASE REV 5.25%

0.80 6M
municipal

CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV 4.25%

0.75 6M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

0.73 6M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75%

0.69 6M
municipal

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