MFS® California Municipal Fund Common

The Funds objective is to seek high current income exempt from federal income tax and California state personal income tax, but may also consider capital appreciation. The Fund normally invests at least 80% of its net assets in municipal instruments covered by insurance guaranteeing the timely payment of principal and interest. The Fund invests, under normal market conditions, at least 80% of its net assets in debt securities the interest of which is exempt from federal regular income tax and California personal income tax. Interest from the Funds investments may be subject to the federal alternative minimum tax. The Fund invests a high percentage of its assets in municipal issuers of California. The Fund primarily invests its assets in investment grade debt instruments, but may also invest in lower quality debt instruments. The Fund may invest 25% or more of its total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water or sewers. Municipal instruments whose interest is exempt from federal and state personal income tax include instruments issued by U.S. territories. Although the Fund seeks to invest its assets in municipal instruments whose interest is exempt from federal and state personal income tax, it may also invest in taxable instruments. The Fund may use derivatives for different purposes, including to earn income and enhance returns, to increase or decrease exposure to a particular market, to manage or adjust the risk profile of the fund, or as alternatives to direct investments. The Fund uses leverage through the issuance of preferred shares and investing the proceeds pursuant to its investment strategies.

Key stats

Management firm  MFS
Domicile  United States
Global Branding Name  MFS
12 month yield  5.06%
Fund currency  USD
Launch Date  1999-10-27
ISIN  US59318C1062
SEDOL  2615297
Manager 1 Name  Geoffrey Schechter
Manager 2 Name  Michael Dawson
Fund Strategy  Muni California Long
Benchmark  Barclays Municipal TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  1.96%
Return - 2 Months  2.23 %
Return - 3 Months  2.00%
Return - 6 Months  8.70 %
Return - 9 months  14.89 %
Return - 12 Months  21.59%
Annualized return 24 months  7.10 %
Annualized return 36 months  11.68 %
Annualized return 48 months  8.67 %
Annualized return 60 months  10.17 %
Return 120 months  4.10 %
Annualized return since Inception  5.20%
Return YTD  15.17%

Ratings

Morning Star Rating Date   2014-08-31
Morning Star Rating - 36 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 60 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 120 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.65 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  MFS
Contact Address 2  111 Huntington Avenue
Contact Address 3  Boston, MA 02199
Contact city  Boston
Contact country  United States
Fund Admin Group  MFS
Web Address  www.mfs.com
Custodian  State Street Bank & Trust Co
Phone  877-960-6077

Price

Last Price Date  2014-09-26
Pre-tax nav  10.76
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.08
Price change (percentage)  -0.74 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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