MFS High Yield Municipal Trust (CMU)

• Market cap: $89M
• 1 day: 0.29%
• 5 days: -3.06%
• 1 month: -2.24%
• 3 months: -3.86%
• 6 months: 2.05%
• Year to date: 5.44%
• 1 year: 6.08%
• 5 years: -28.04%
• 10 years: -21.75%

About: Mfs High Yield Municipal Trust is a United States-based diversified, closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

9% more capital invested

Capital invested by funds: $31.1M [Q2] → $33.8M (+$2.66M) [Q3]

4.3% more ownership

Funds ownership: 32.06% [Q2] → 36.36% (+4.3%) [Q3]

8% less funds holding

Funds holding: 52 [Q2] → 48 (-4) [Q3]

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7