MFS NC Municipal Bond A Load Waived  MSNCX.LW
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni Single State Long Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   8.40 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 11.66
  
YTD Return % (2009-11-20)
13.55%
  
Total Assets ($ mil)
396
View Data Definitions
  Performance    
Growth of $10,000 Fund: MFS NC Municipal Bond A Load Waived
(from 1999-01-01 to 2009-10-31) Category: Muni Single State Long
Index: Barcap Municipal!
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1984-10-31 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 13.55 11.82 3.31 3.47 5.14 6.59
+/- Category -4.20 -3.14 1.19 0.30 0.37 ---
+/- Barcap Municipal! --- --- --- --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 15.89 14.81 4.68 4.28 5.19 6.70
Month-End (as of 2009-10-31) 13.66 14.38 3.80 3.72 5.14 6.59
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 14.30 3.73 3.65 5.10 ---
On Distribution & Sale of Shares --- 11.02 3.83 3.76 5.06 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 320 funds), (5 yrs : out of 285 funds), (10 yrs : out of 268 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 5.19
Advance Refunded 9.21
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 21.48
Health 8.90
Housing 9.72
Industrial 2.06
Transportation 10.74
Utilities 4.37
Water/Sewer 4.64
Misc. Revenue 23.68
Bond Quality % of Bonds
AAA 8.6
AA 55.9
A 18.1
BBB 13.9
BB 0.8
B 0.1
Below B 0.0
Not Rated 2.6
 
Asset Allocation
% of Net Assets
Cash 3.9
Stocks 0.0
Bonds 96.1
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 20
Total Number of Bond Holdings 189 30 Day SEC Yield % 3.14
% of Assets in Top 10 Holdings 21.72 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
North Carolina Eastn Mun Pwr A Pwr Sy 6% 2018-01-01 14,245 17,224 4.36
Puerto Rico Comwlth Hwy & Tran Hwy Re 6% 2018-07-01 10,850 12,773 3.23
Pitt Cnty N C Rev Hosp 5.25% 2021-12-01 10,135 11,433 2.89
New Hanover Cnty N C Hosp Rev Hosp 5% 2019-10-01 6,225 6,468 1.64
North Carolina Mun Pwr Agy No Rols 5.25% 2019-01-01 5,000 5,897 1.49
Cabarrus Cnty N C Ctfs Partn Installm 5% 2021-04-01 5,500 5,861 1.48
North Carolina Mun Pwr Agy No Catawba 6% 2011-01-01 5,000 5,371 1.36
Charlotte N C Arpt Rev Rev Bds 5% 2034-07-01 4,485 4,680 1.18
New Hanover Cnty N C G.O. Pub 5.8% 2019-11-01 4,200 4,627 1.17
North Carolina Cap Facs Fin Ag Re 5.125% 2041-10-01 4,050 4,512 1.14
Data through 2009-09-30
  Other Information
Fund Inception: 1984-10-31
Portfolio Manager  (Start Date)
Michael L. Dawson  (1999-01-01)
Dawson is assistant vice president and a portfolio manager of all state municipal bond funds at MFS Investment Management. He joined the firm in 1998 and became portfolio manager in 1999. Previously, he work in institutional sales-fixed income for Fidelity Capital Markets and Goldman Sachs. Prior to that, he was a research analyst in the municipal bonds group at Franklin Templeton.
Sales Charge %
(taken from prospectus dated 2009-08-01)
Front: None
Deferred: None
Expense Ratio % 0.81
based on net assets
(taken from annual report dated 2008-03-31)
Correspondence Information
500 Boylston St
15th Fl
Boston,  MA  02116
United States
Telephone:
800-225-2606
617-954-5000
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.