Company: CXH
Filing Date: 2025-01-27
Form Type: N-CSR
Source: 0001683863-25-000339
Chunk: 7

Company: MFS INVESTMENT GRADE MUNICIPAL TRUST
Filing Date: 2025-01-27
Form: N-CSR
Chunk 7
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’s assets and increasing the fund’s expense ratio. Performance results based on net asset value per share do not include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles and may differ from amounts reported in the Financial Highlights. A portion of the fund’s monthly distributions may be subject to state, federal, and/or alternative minimum tax. Capital gains, if any, are subject to a capital gains tax. From time to time the fund may receive proceeds from litigation settlements, without which performance would be lower. In accordance with Section 23(c) of the Investment Company Act of 1940, the fund hereby gives notice that it may from time to time repurchase shares of the fund in the open market at the option of the Board of Trustees and on such terms as the Trustees shall determine.

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**Investment Objective, Principal Investment
Strategies and Principal Risks**

#### Investment Objective
The fund’s investment
objective is to seek high current income exempt from U.S. federal income tax, but may also consider capital appreciation. The fund’s objective may be changed without shareholder approval.

#### Principal Investment Strategies
The fund invests, under normal
market conditions, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. This policy may not be changed
without shareholder approval. Tax-exempt bonds and tax-exempt notes are municipal instruments, the interest of which is exempt from federal income tax. However, interest from the fund’s investments may be
subject to the federal alternative minimum tax.

MFS (Massachusetts Financial
Services Company, the fund’s investment adviser) normally invests at least 80% of the fund’s net assets, including assets attributable to preferred shares and borrowings for investment purposes, in
investment grade quality debt instruments. In determining the credit quality of debt instruments, MFS will use the following methodology:  if three Nationally Recognized Statistical Rating Organizations
(“NRSROs”) have assigned a rating to a debt instrument, MFS will use the middle rating; if two NRSROs have assigned a rating to a debt instrument, MFS will use the lower rating; if only one NRSRO has
assigned a rating to a debt instrument, MFS will use that rating; rating; if none of the three NSROs above assign a rating, but the security is rated by Dominion Bond Rating Service Limited (“DBRS”), then
the DBRS