MFS® High Yield Municipal Trust

CMU
$ 4.78
As of 04/19/18
$135M
As of 03/31/18

MFS® High Yield Municipal Trust

CMU
As of 04/19/18
As of 03/31/18
CMU
$ 4.78
As of 04/19/18
$135M
As of 03/31/18
A high-yield national tax-exempt closed-end bond fund
INVESTMENT OBJECTIVE

Seeks high current income exempt from federal income tax, but may also consider capital appreciation.

Fund Information

Fund Commencement
03/19/87
Net Assets ($ M)
As of 03/31/18
$135.74
Fiscal Year End
NOVEMBER
Net Asset Value (NAV)
As of 04/19/18
$4.78
Most Recent NAV Change
As of 04/19/18
0.21%
Market Price (MP)
As of 04/19/18
$4.41
Recent Market Price Change
As of 04/19/18
0.23%

Top 10 Holdings

As of 03/31/18
  • Tobacco Settlement Financing Corp NJ Ser 1A 4.750 JUN 01 34
  • ID Health Facilities Authority Inflos-Ref-Ihc Hosps Inc 6.650 FEB 15 21
  • TN Energy Acquisition Corp Ser A 5.250 SEP 01 21
  • Buckeye Tobacco Settlement Financing Authority Asset-Bkd-Sr-Turbo-Ser A-2 6.500 JUN 01 47
  • Tobacco Settlement Financing Corp Ser 1A 4.500 JUN 01 23
  • Public Finance Authority WI Amt-Ref-Sr-Oblig Group 5.250 JUL 01 28
  • Railsplitter Tobacco IL Settlement Authority 6.000 JUN 01 28
  • Beverly Hills Unified School District Cap Apprec-2008 Election 0.000 AUG 01 29
  • UST Bond 30Yr Future Jun 20 18*
  • UST Bond 10Yr Future Jun 20 18*
MANAGERS

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Investments in debt instruments may decline in value as the result of declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore the Fund's share price may decline during rising rates. Funds that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

Investments in municipal instruments can be volatile and significantly affected by adverse tax or court rulings, legislative or political changes, market and economic conditions, issuer, industry-specific (including the credit quality of municipal insurers), and other conditions.

The fund’s performance could be closely tied to the economic, political, and other conditions in the state and other states and U.S. territories and possessions in which the fund invests and could be more volatile than the performance of more geographically diversified funds.

The market price of common shares of the fund will be based on factors such as the supply and demand for common shares in the market and general market, economic, political or regulatory conditions. Whether shareholders will realize gains or losses upon the sale of common shares of the fund will depend on the market price of common shares at the time of the sale, not on the fund's net asset value. The market price may be lower or higher than the fund's net asset value. Shares of closed-end funds frequently trade at a discount or premium to their net asset value.

To the extent that investments are purchased with the issuance of preferred shares, the fund's net asset value will increase or decrease at a greater rate than a comparable unleveraged fund.

Leverage involves investment exposure in an amount exceeding the initial investment. Leverage can cause increased volatility by magnifying gains or losses.

Performance

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Average Annual Total Returns %

Average Annual Total Returns %

As of 03/31/18 (*YTD Updated Monthly, As of 03/31/18 , subject to revision and not annualized.)

    Performance data shown represents past performance and is no guarantee of future results. At the time of sale, shares may have a market price that is above or below net asset value, and may be worth more or less than the original cost; current performance may be lower or higher than quoted. All results are historical and assume the reinvestment of dividends and capital gains.

    OVERALL
    Out Of Funds
    NA
    OVERALL MORNINGSTAR RATING
    NA
    THREE YEAR
    Out Of Funds
    NA
    FIVE YEAR
    Out Of Funds
    NA
    TEN YEAR
    Out Of Funds
    NA

    Important Performance Information

    Performance information shown for periods prior to June 30, 2007, reflects periods when Columbia Management Advisors, LLC was responsible for selecting investments for the fund.

    Annual Rate of Return %
    Pricing & Distributions