2024-02-15 15:33:47 ET
Summary
- The MFS High Yield Municipal Trust is a closed-end mutual fund that offers high federal tax-advantaged income and capital appreciation.
- CMU invests in high-yield securities rated below investment grade, which carries greater risk but also the potential for higher returns.
- CMU provides national diversification with exposure to various states and industries, but investors should consider the credit quality distribution and leverage of the fund.
Thesis
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The MFS High Yield Municipal Trust: Leverage, Munis, And Tax Benefits