MFS High Yield Municipal Trust is a closed-end management investment company that primarily seeks to provide shareholders with high current income by investing in a diversified portfolio of municipal securities

These securities are typically issued by states, municipalities, or other governmental units and are often exempt from federal income tax. The trust aims to capitalize on high yield opportunities within the municipal bond market while managing risk through a disciplined investment strategy, appealing to investors looking for income generation with potential tax advantages. The organization employs research-driven approaches to select investments that align with its goals, focusing on credit quality and yield potential.