XCMUX

About XCMUX

The MFS Municipal High Income Fund is a mutual fund primarily focused on generating a high level of income that is exempt from federal income tax, while also considering opportunities for capital appreciation. Managed by a seasoned team with decades of experience, the fund primarily invests in a diversified portfolio of municipal bonds, particularly targeting those rated BBB+ and below, which are considered lower investment grade and high yield. This strategic allocation allows the fund to exploit inefficiencies in the municipal credit markets through active sector, quality, and security selection, leveraging the deep fundamental research of its analysts. Over 98% of the fund’s assets are generally allocated to municipal securities, with minimal exposure to high yield corporates and cash equivalents. The fund’s risk-conscious approach employs quantitative tools and active portfolio management to deliver consistent, long-term results. Serving as a valuable tool for investors seeking tax-advantaged income, the MFS Municipal High Income Fund plays a significant role in the high-yield municipal bond segment of the fixed income market, providing critical capital to local governments, infrastructure projects, and public service entities nationwide.