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        <name>Iowa Student Loan Liquidity Corp.</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Arkansas State Community Water System Public Water Authority</name>
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        <name>City of Osceola AR Sales &amp; Use Tax</name>
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        <name>City of Centerton AR Sales &amp; Use Tax Revenue</name>
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        <name>City of Springdale AR Sales &amp; Use Tax Revenue</name>
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        <name>City of Brunswick MD</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Energy Southeast A Cooperative District</name>
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        <name>Southern Arkansas University</name>
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        <name>Batesville Public Facilities Board</name>
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        <name>University of Arkansas</name>
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        <name>Conway County Regional Water Distribution District</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Arkansas State University Mid-South</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>Earle Special School District</name>
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        <name>Benton Washington Regional Public Water Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>University of Arkansas</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Greene County Technical School District No. T-1</name>
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        <name>North Little Rock School District No. 1</name>
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        <name>Benton Washington Regional Public Water Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04108VBY92"/>
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        <name>Conway County Regional Water Distribution District</name>
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        <name>University of Arkansas</name>
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        <name>City of Alma AR Sales &amp; Use Tax Revenue</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Arkansas Technical University</name>
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        <name>Arkansas State University</name>
        <lei>549300NLMOECZYP7HI72</lei>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
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          <isin value="US40065FDF80"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Arkansas State University Mid-South</name>
        <lei>N/A</lei>
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          <isin value="US22674UFE73"/>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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          <isin value="US745272GF57"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US041083ZB51"/>
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        <name>North Little Rock School District No. 1</name>
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        <name>City of Forrest City AR Sales &amp; Use Tax Revenue</name>
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          <couponKind>Fixed</couponKind>
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        <name>City of Fayetteville AR Hotel &amp; Restaurant Tax Revenue</name>
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          <isin value="US312665AN24"/>
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        <name>Conway Health Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Springdale AR Water &amp; Sewer Revenue</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Texas Municipal Power Agency</name>
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        <name>City of Springdale AR Water &amp; Sewer Revenue</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Benton Washington Regional Public Water Authority</name>
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      <invstOrSec>
        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>District of Columbia</name>
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        <name>Red River Education Finance Corp.</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>University of Arkansas</name>
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        <name>City of Greenbrier AR Water &amp; Sewer Revenue</name>
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        <name>Southern Arkansas University</name>
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          <isin value="US842217GG00"/>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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          <isin value="US167510BH83"/>
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          <maturityDt>2045-04-01</maturityDt>
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        <name>State of Illinois</name>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04084RAT86"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Matching Fund Special Purpose Securitization Corp.</name>
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          <isin value="US57665NAB10"/>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Fort Smith School District No. 100</name>
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        <name>Virgin Islands Hotel Development Financing Corp.</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>City of West Memphis AR Public Utility System Revenue</name>
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        <name>Arkansas Development Finance Authority</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority</title>
        <cusip>13013JCM6</cusip>
        <identifiers>
          <isin value="US13013JCM62"/>
        </identifiers>
        <balance>815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>863018.74000000</valUSD>
        <pctVal>0.598743957903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.24999880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arkansas Technical University</name>
        <lei>N/A</lei>
        <title>Arkansas Technical University</title>
        <cusip>041189F48</cusip>
        <identifiers>
          <isin value="US041189F487"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>523309.60000000</valUSD>
        <pctVal>0.363061016627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Texarkana AR</name>
        <lei>N/A</lei>
        <title>City of Texarkana, Series 2026</title>
        <cusip>881728EP0</cusip>
        <identifiers>
          <isin value="US881728EP01"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500776.95000000</valUSD>
        <pctVal>0.347428345611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3P0</cusip>
        <identifiers>
          <isin value="US74514L3P07"/>
        </identifiers>
        <balance>216442.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198257.08000000</valUSD>
        <pctVal>0.137546525074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp.</title>
        <cusip>649519DA0</cusip>
        <identifiers>
          <isin value="US649519DA03"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375369.11000000</valUSD>
        <pctVal>0.260423066358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3T2</cusip>
        <identifiers>
          <isin value="US74514L3T29"/>
        </identifiers>
        <balance>231079.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166088.67000000</valUSD>
        <pctVal>0.115228769700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3J4</cusip>
        <identifiers>
          <isin value="US74514L3J47"/>
        </identifiers>
        <balance>63265.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69036.57000000</valUSD>
        <pctVal>0.047896096858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="All applicable monthly total returns are reported excluding any sales loads or redemption fees for Item B.5." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS Municipal Series Trust</ncom:nameOfApplicant>
      <ncom:signature>James Byrne</ncom:signature>
      <ncom:signerName>James Byrne</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
