Morningstar

MFS Alabama Municipal Bond Fund Class I MLALX

Morningstar Medalist Rating
Medalist Rating as of | See MFS Investment Hub
  • NAV / 1-Day Return 8.98  /  −0.22 %
  • Total Assets 71.9M
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.44%
  • Effective Duration 8.73 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 10:48 PM GMT+0

Morningstar’s Analysis MLALX

Will MLALX 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 MLALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MLALX 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 MLALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

MFS AL Municipal Bond I holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings MLALX

More MLALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AUBURN UNIV ALA GEN FEE REV 5%

2.12 2M
municipal

BALDWIN CNTY ALA PUB BLDG AUTH BLDG REV 4.38%

1.75 1M
municipal

IRONDALE ALA PUB BLDG AUTH LEASE REV 5%

1.50 1M
municipal

JEFFERSON CNTY ALA SWR REV 5.5%

1.47 1M
municipal

OXFORD ALA 5%

1.46 1M
municipal

ALABAMA HSG FIN AUTH MULTIFAMILY TAX EXEMPT MTG BKD BDS 4.45%

1.42 1M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.42 1M
municipal

ALABAMA ST PORT AUTH DOCKS FACS REV 5%

1.42 1M
municipal

MOBILE CNTY ALA BRD SCH COMMRS SPL TAX SCH WTS 4%

1.41 1M
municipal

CHEROKEE CNTY ALA BRD ED SPL TAX SCH WTS 5%

1.41 1M
municipal

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