MFS Investment Grade Municipal Trust (CXH)

• Market cap: $64.5M
• 1 day: 0.00%
• 5 days: -2.72%
• 1 month: -3.20%
• 3 months: -3.91%
• 6 months: 0.51%
• Year to date: 4.38%
• 1 year: 4.10%
• 5 years: -19.69%
• 10 years: -15.38%

About: Mfs Investment Grade 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, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowing 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)

13% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 8

3% less capital invested

Capital invested by funds: $24.3M [Q2] → $23.6M (-$765K) [Q3]

2.36% less ownership

Funds ownership: 33.81% [Q2] → 31.45% (-2.36%) [Q3]

15% less funds holding

Funds holding: 39 [Q2] → 33 (-6) [Q3]

86% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 7