MFS® New York Municipal Bond Fund

Tax-Advantaged FI | MSNYX
Without Waiver 1.76 %
With Waiver 1.76 %
$ 11.07
$0.02 As of 12/14/17
$229M
As of 11/30/17
Morningstar
View Overall Morningstar Ratings Information

MFS® New York Municipal Bond Fund

Tax-Advantaged FI
MSNYX
$0.02 As of 12/14/17
As of 11/30/17
Tax-Advantaged FI | MSNYX
$ 11.07
$0.02 As of 12/14/17
$229M
As of 11/30/17
Morningstar
View Overall Morningstar Ratings Information
INVESTMENT OBJECTIVE

Seeks total return with an emphasis on income exempt from federal income tax and New York personal income tax, if any, but also considering capital appreciation.

INVESTMENT FOCUS

Seeks to provide double tax free income for in-state residents (income that is exempt from federal and state taxes)

Performance sought from sector/security selection and yield curve analysis

Fund Information

Fund Commencement
06/06/88
Net Assets ($ M)
As of 11/30/17
$229.36
Fiscal Year End
MARCH
Benchmark

Bloomberg Barclays Municipal Bond Index measures the municipal bond market.

Bloomberg Barclays Municipal Bond Index

Top 10 Holdings

As of 11/30/17
  • New York State Dormitory Authority NY Ref-Ser B 5.000 FEB 15 36
  • City of New York NY NY Ser B-1 5.000 DEC 01 41
  • New York State Dormitory Authority NY Ser A 5.000 FEB 15 41
  • NY City Transitional Finance Authority Future Tax Secured-Fiscal 2011 5.000 FEB 01 27
  • NY City Industrial Development Agency Ref-Sr-Trips-Ser A 5.000 JUL 01 28
  • New York City Transitional Fin Auth Future Tax Sec Revenue NY Future Tax-Sub-Ser A-3 4.000 AUG 01 43
  • New York City Transitional Finance Authority Ftr Tax Secured Revenue NY Sub-Ser B-1 4.000 AUG 01 42
  • County of Nassau NY Ser B-Agm-Cr AGM 5.000 APR 01 34
  • NYC Transitional Finance Auth Future Tax Secured Rev NY Sub-Ftr Tax Secured Fiscal 5.000 FEB 01 43
  • NY Liberty Development Corp Ref-2Nd Priority-Bk Amer 6.375 JUL 15 49
MANAGERS

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore the Fund's share price may decline during rising rates. Funds that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions.

The fund's performance could be closely tied to the economic, political, and other conditions in the statesand U.S. territories and possessions in which the fund invests and could be more volatile than the performance of more geographically diversified funds.

Please see the prospectus for further information on these and other risk considerations.

Performance

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Average Annual Total Returns %

Average Annual Total Returns %

These results represent the percent change in net asset value.
Monthly | Quarterly As of 09/30/17 (*YTD Updated Daily, As of 12/13/17 , subject to revision and not annualized.)

    Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

    MORNINGSTAR RATING
    Morningstar Overall Rating As of 11/30/17 Class A Shares

    Morningstar Muni New York Long

    Morningstar ratings are based on risk adjusted performance.

    OVERALL
    Out Of Funds
    NA
    OVERALL MORNINGSTAR RATING
    Morningstar Overall Rating As of 11/30/17 Class A Shares

    Morningstar Muni New York Long

    Morningstar ratings are based on risk adjusted performance.

    NA
    THREE YEAR
    Out Of Funds
    NA
    FIVE YEAR
    Out Of Funds
    NA
    TEN YEAR
    Out Of Funds
    NA

    Important Performance Information

    Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.

    A small portion of income may be subject to state, federal, and/or alternative minimum tax. Capital gains, if any, are subject to a capital gains tax.

    Sales Charges

    Class A shares ("A") results include the maximum sales charge.

    Annual Rate of Return %
    Pricing & Distributions