MFS Investment Grade Municipal Trust Overview
Pro stress-test →MFS Investment Grade Municipal Trust is a closed-end fixed income mutual fund that invests primarily in tax-exempt bonds and tax-exempt notes, debt securities issued by state and local governments whose interest is generally exempt from U.S. federal income tax. The fund benchmarks its performance against the Barclays Municipal Bond Index.
Strategic Profile
Pro stress-test →The fund is managed by Massachusetts Financial Services Company and invests at least 80% of its total assets in municipal bonds. The trust underwent significant restructuring activity in 2026, with a tender offer that commenced in April 2026 to purchase up to 50% of outstanding common shares at 99% of NAV, and shareholder approval in April 2026 for reorganization into MFS Municipal Income Trust with abrdn Inc. as the new investment adviser.
Competitive Landscape
Pro stress-test →CXH competes within the closed-end municipal bond fund category alongside offerings from major asset managers. Key competitors include other MFS municipal funds (High Income, High Yield) and comparable municipal CEFs from providers such as Invesco, Nuveen, and PIMCO. The fund's strategic reorganization into MFS Municipal Income Trust positions it within a broader suite of municipal products.
Industry Context
MFS Investment Grade Municipal Trust operates in Closed-End Municipal Bond Funds.
Key facts
Founded: 1989 · Headquarters: Boston, US · Employees: N/A · Revenue: N/A · Market cap: N/A