# Portfolio overlap — MPPAX vs MFSMX

Comparing **MFS Pennsylvania Municipal Bond Fund** (2026-03-31) and **MFS Maryland Municipal Bond Fund** (2026-03-31).

- Shared positions: 49
- MFS Pennsylvania Municipal Bond Fund covered by MFS Maryland Municipal Bond Fund: 0.07993320663990150700508286031
- MFS Maryland Municipal Bond Fund covered by MFS Pennsylvania Municipal Bond Fund: 0.07993320663990150700508286034

## MFS Pennsylvania Municipal Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Indiana County Industrial Development Authority, Pennsylvania, Revenue Bonds, Foundation for Indiana University of Pennsylvania Project, Refunding Ser | 0.012883 |  |
| Southeastern Pennsylvania Transportation Authority, Revenue Bonds, Asset Improvement Series 2022 | 0.011118 |  |
| Pennsylvania State University (The), Series 2022A | 0.011094 |  |
| Philadelphia (City of), PA, Series 2025, RB | 0.010624 |  |
| Bucks County Water and Sewer Authority, Pennsylvania, Sewer System Revenue Bonds, Series 2022A | 0.010398 |  |
| MONTGOMERY HGR EDU-B | 0.010006 |  |
| PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.009487 |  |
| Chester County Health and Education Facilities Authority | 0.009354 |  |
| Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2026-152A | 0.008964 |  |
| MFS Institutional Money Market Portfolio, Class A | 0.008698 | ✓ |
| INTER PA 458436 5.50% 8/15/2063 | 0.008455 |  |
| Pennsylvania Housing Finance Agency | 0.008340 |  |
| PHIL PA GAS/AGM 5.25% 8/1/54 | 0.008323 |  |
| ALLEG PA SWR 5% 12/1/2050 | 0.008244 |  |
| BRISTOL TWP PA SCH DIST | 0.008243 |  |
| School District of Philadelphia (The), Series 2019A | 0.008202 |  |
| PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.008164 |  |
| SCHOOL DISTRICT OF PHILADELPHIA THE | 0.008028 |  |
| WILKES-BARRE PA AREA SCH DIST | 0.008019 |  |
| PENNSYLVANIA ST HSG FIN AGY MF HSG REVENUE | 0.008000 |  |
| Pennsylvania Housing Finance Agency, Series 2026, RB | 0.007821 |  |
| Chester County School Authority, Series 2024 | 0.007717 |  |
| PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 6.00000000 | 0.007661 |  |
| Cheltenham Township School District, Series 2026 | 0.007620 |  |
| Pittsburgh, Pennsylvania, General Obligation Bonds, Capital Improvement Series 2025 | 0.007389 |  |
| TOWER HEALTH OBLIGATED GROUP 5.0% 06-30-39 | 0.007382 |  |
| TEMPLE UNIV-REF-FIRST | 0.007257 |  |
| Pennsylvania Turnpike Commission, Series 2019A | 0.007245 |  |
| Moon Area School District, Series 2024 B | 0.007227 |  |
| Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania) | 0.007074 |  |
| WESTMORELAND PA 4% 7/1/2037 | 0.007057 |  |
| Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments), Series 2017, RB | 0.006764 |  |
| ST PUB SCH BLDG AUTH | 0.006756 |  |
| PENNSYLVANIA ST ECON DEV FINGA REGD OID B/E AG 4.00000000 | 0.006746 |  |
| NYC TRANSITIONAL FIN | 0.006682 | ✓ |
| PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 5.50000000 | 0.006579 |  |
| William Penn School District Authority, Series 2025A | 0.006307 |  |
| Pennsylvania Higher Education Assistance Agency, Education Loan Revenue Bonds, Senior Series 2022A | 0.006151 |  |
| PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 5.75000000 | 0.006066 |  |
| Clemson University | 0.005931 |  |
| PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV | 0.005896 |  |
| BETHEL PK SD | 0.005728 |  |
| PENNSYLVANIA ST HGR EDUCTNL FA REGD B/E 5.50000000 | 0.005666 |  |
| PHIL PA WTR/AGM 5.5% 9/1/53 | 0.005650 |  |
| Pennsylvania Turnpike Commission, Series 2025B | 0.005640 |  |
| BETHLEHEM ASD | 0.005628 |  |
| Pennsylvania Turnpike Commission, Series 2025 A | 0.005600 |  |
| ALLEG PA ARPT 5.50% 1/1/2050 @ | 0.005598 |  |
| PENNSBURY SD | 0.005581 |  |
| PENNSYLVANIA ST HGR EDUCTNL FA REGD B/E AG 5.25000000 | 0.005575 |  |

## MFS Maryland Municipal Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MFS Institutional Money Market Portfolio, Class A | 0.032878 | ✓ |
| MARYLAND ST ECON DEV CORP LEASE REVENUE | 0.013277 |  |
| Maryland Economic Development Corp., Series 2024 | 0.012570 |  |
| Montgomery (County of), MD, Series 2017, GO Bonds | 0.012208 |  |
| MARYLAND ST STD 5% 5/1/2035 | 0.011470 |  |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.011098 | ✓ |
| County of Prince George's, Series 2025 A | 0.010330 |  |
| Washington Metropolitan Area Transit Authority Dedicated | 0.010326 |  |
| Maryland Stadium Authority, Series 2024 | 0.010099 |  |
| County of Anne Arundel, Series 2025 | 0.010040 |  |
| MD HLTH & HGR EDL-A | 0.010035 |  |
| Maryland Health & Higher Educational Facilities Authority | 0.009986 |  |
| PRINCE GEO COP 5% 10/1/48 | 0.009796 |  |
| Maryland Community Development Administration, Series 2025 F-1 | 0.009679 |  |
| MARYLAND STADIUM AUTHORITY | 0.009589 |  |
| WASHINGTON SUBURBAN SANITARY COMMISSION | 0.009393 |  |
| COUNTY OF BALTIMORE MD | 0.009367 |  |
| County of Howard | 0.009150 |  |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.009039 |  |
| Maryland Health & Higher Educational Facilities Authority, Series 2004 | 0.008971 |  |
| County of Anne Arundel, Series 2023 | 0.008952 |  |
| City of Baltimore, Series 2019 A | 0.008944 |  |
| Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Taxable Series 2019D | 0.008944 |  |
| MARYLAND ST STA 4% 6/1/2046 | 0.008446 |  |
| MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY | 0.008276 |  |
| Maryland Health & Higher Educational Facilities Authority | 0.008100 |  |
| MONTGOMERY CNTY MD REVENUE REGD B/E 5.00000000 | 0.007969 |  |
| Maryland Community Development Administration Local Government Infrastructure | 0.007904 |  |
| MD CMNTY DEV-D-1 | 0.007651 |  |
| Washington Metropolitan Area Transit Authority, Series 2018, RB | 0.007425 |  |
| MD HEFA 4% 7/1/2048 | 0.007121 |  |
| County of Montgomery | 0.007114 |  |
| MD CMNTY DEPT ADMIN-B | 0.007054 |  |
| Maryland Health & Higher Educational Facilities Authority | 0.007032 |  |
| CALIFORNIA COMMUNITY VAR | 0.006952 |  |
| MD TRANSPRTN-A-REF | 0.006941 |  |
| Montgomery County Housing Opportunities Commission, Series 2023 C | 0.006918 |  |
| Maryland Department of Housing & Community Development, Series 2024 E | 0.006917 |  |
| MD ECON DEV CORP-A | 0.006890 |  |
| County of Prince George's | 0.006685 |  |
| MARYLAND ST ECON DEV CORP AIR CARGO REVENUE | 0.006683 |  |
| Washington Metropolitan Area Transit Authority, Series 2025, RB | 0.006673 |  |
| Maryland Stadium Authority Sports Entertainment Facilities Revenue, Series 2023 A | 0.006646 |  |
| State of Maryland Department of Transportation, Series 2024 A | 0.006637 |  |
| MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU | 0.006626 | ✓ |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.006592 |  |
| Maryland Department of Housing & Community Development, Series 2025 D | 0.006580 |  |
| State of Maryland Department of Transportation, Series 2024 A | 0.006577 |  |
| MARYLAND ST STA 4% 6/1/2036 | 0.006569 |  |
| Montgomery County Housing Opportunities Commission, Series 2025A | 0.006561 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-011421` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/751656/000207169126011421/0002071691-26-011421-index.htm>
- N-PORT (fund B) — accession `0002071691-26-011429` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/751656/000207169126011429/0002071691-26-011429-index.htm>

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