MFS Investment Grade Municipal Trust (CXH)
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CXH Chart
MFS Investment Grade Municipal Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 22,975 | $173,920.67 | $175,299.25 | $1,378.58 | 0.79% |
 Bulldog Investors Bulldog Investors LLP | 1.18M | $9.16M | $9.04M | -$123,667.89 | -1.35% |
| VMJ Victor Melfa Jr. MELFA WEALTH MANAGEMENT Inc. | 78,360 | $566,937.14 | $597,886.8 | $30,949.66 | 5.46% |
 Ira Ravitz Beverly Hills Private Wealth LLC | 35,345 | $282,407 | $269,682.35 | -$12,724.65 | -4.51% |
 Courtney Haddad Concurrent Investment Advisors, LLC | 10,251 | $77,601 | $86,928.48 | $9,327.48 | 12.02% |
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MFS Investment Grade Municipal Trust Profile
| NYSE Exchange | United States Country |
Overview
MFS Investment Grade Municipal Trust is a diversified closed-end management investment company that aims to provide high current income that is exempt from federal income tax. With a primary focus on investing at least 80% of its net assets in investment-grade, tax-exempt municipal bonds and notes, it stands out as a compelling option for investors looking to benefit from tax-advantaged income. The trust's investment portfolio encompasses a variety of sectors generally funded through municipal issuance, which includes healthcare, general obligations, education, water and sewer utilities, transportation infrastructure, and projects backed by state and local governments. Managed by Massachusetts Financial Services Company, the MFS Investment Grade Municipal Trust may also dedicate a portion of its assets to below-investment-grade debt instruments and cash to ensure liquidity. As an established entity within the municipal bond market, it serves as a strategic vehicle enabling investors to gain extensive, professionally managed exposure to high-quality municipal credit that supports critical public infrastructure and services while also focusing on preserving capital and maintaining consistent, tax-advantaged distributions.
Products and Services
- Investment-Grade Municipal Bonds and Notes
The trust primarily invests in a diverse pool of investment-grade municipal bonds and notes to facilitate the generation of tax-exempt income for shareholders. These securities are often linked to critical infrastructure and public services, thus enhancing their stability and reliability.
- Portfolio Diversification
The MFS Investment Grade Municipal Trust encompasses a wide variety of sectors in its portfolio, including healthcare, education, transportation, and utilities, helping to mitigate risks associated with market fluctuations and providing a balanced investment approach.
- Dividend Reinvestment and Cash Purchase Plan
Investors have the flexibility to reinvest dividends or opt for cash distributions, allowing them to compound their returns effectively over time. This plan enhances the overall investment strategy and provides income options aligned with individual financial goals.
- Liquidity through Cash Allocation
The management team may allocate a portion of the assets to below-investment-grade debt instruments and cash, ensuring sufficient liquidity for timely transactions and adjustments, thus enhancing the trust's operational efficiency.
