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CMU
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MFS High Yield Municipal Closed Fund (CMU)

Upturn stock ratingUpturn stock rating
$3.3
Last Close (24-hour delay)
Profit since last BUY-0.3%
upturn advisory
Consider higher Upturn Star rating
BUY since 11 days
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Upturn Advisory Summary

08/28/2025: CMU (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit 5.1%
Avg. Invested days 41
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 84.89M USD
Price to earnings Ratio 6.8
1Y Target Price -
Price to earnings Ratio 6.8
1Y Target Price -
Volume (30-day avg) -
Beta 0.69
52 Weeks Range 3.18 - 3.70
Updated Date 06/29/2025
52 Weeks Range 3.18 - 3.70
Updated Date 06/29/2025
Dividends yield (FY) 5.32%
Basic EPS (TTM) 0.49

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 166.79%
Operating Margin (TTM) 85.56%

Management Effectiveness

Return on Assets (TTM) 2.52%
Return on Equity (TTM) 12.88%

Valuation

Trailing PE 6.8
Forward PE -
Enterprise Value 135848352
Price to Sales(TTM) 11.31
Enterprise Value 135848352
Price to Sales(TTM) 11.31
Enterprise Value to Revenue 6.73
Enterprise Value to EBITDA -
Shares Outstanding 25492800
Shares Floating -
Shares Outstanding 25492800
Shares Floating -
Percent Insiders -
Percent Institutions 51.22

ai summary icon Upturn AI SWOT

MFS High Yield Municipal Closed Fund

stock logo

Company Overview

overview logo History and Background

MFS High Yield Municipal Trust (CXE) is a closed-end investment fund. It invests in a portfolio of tax-exempt municipal securities. The fund was founded and has been managed by Massachusetts Financial Services Company (MFS) since its inception in 1987. It aims to provide high current income exempt from federal income tax, but secondary objectives can be pursued.

business area logo Core Business Areas

  • Municipal Bond Investments: Primarily focuses on investing in U.S. high-yield municipal bonds, aiming to deliver tax-exempt income. Portfolio includes a broad array of debt instruments issued by municipalities and other government entities.

leadership logo Leadership and Structure

The fund is managed by a team of investment professionals at Massachusetts Financial Services Company (MFS). The portfolio managers are responsible for the overall investment strategy and security selection. As a closed-end fund, CXE has a board of directors that oversees the management and operations of the fund.

Top Products and Market Share

overview logo Key Offerings

  • High Yield Municipal Bonds: This is the core product of CXE. It is a portfolio of tax-exempt municipal bonds. Market share is difficult to isolate specifically for CXE's approach, but it operates within the larger high-yield municipal bond market. Competitors include other closed-end funds, ETFs, and mutual funds specializing in municipal debt.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit ratings of issuers, and overall economic conditions. High-yield municipal bonds offer higher yields but come with increased risk due to lower credit ratings.

Positioning

CXE positions itself as a provider of tax-exempt income through high-yield municipal bonds, appealing to investors seeking higher yields than those offered by investment-grade municipal bonds. CXE is differentiated by its specific investment selection and management strategy within the segment.

Total Addressable Market (TAM)

The US Municipal Bond market exceeds $4 Trillion. CXE's TAM is the high-yield subset, which is smaller but provides more yield. CXE's success depends on security selection.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Established track record in municipal bond investing
  • Tax-exempt income for investors
  • Potential for higher yields compared to investment-grade bonds

Weaknesses

  • Higher risk due to investment in high-yield bonds
  • Sensitivity to interest rate changes
  • Potential for defaults among bond issuers
  • Discount to net asset value (NAV) common for closed-end funds

Opportunities

  • Increasing demand for tax-advantaged investments
  • Potential for capital appreciation as bond ratings improve
  • Active management to navigate market volatility
  • Ability to capitalize on market inefficiencies in the municipal bond market

Threats

  • Rising interest rates impacting bond values
  • Economic downturn leading to issuer defaults
  • Changes in tax laws reducing the attractiveness of municipal bonds
  • Increased competition from other municipal bond funds

Competitors and Market Share

competitor logo Key Competitors

  • NBB
  • VFL
  • HYT
  • MUNI

Competitive Landscape

CXE faces competition from other closed-end funds and ETFs in the high-yield municipal bond market. Advantages include MFS's experience. Disadvantages include potential discounts to NAV and higher risk from high-yield bonds.

Growth Trajectory and Initiatives

Historical Growth: Dependent on market conditions, net investment income, and capital appreciation of the portfolio.

Future Projections: Analyst estimates are unavailable. Future performance is tied to the municipal bond market and the fund's ability to generate tax-exempt income and capital appreciation.

Recent Initiatives: Fund initiatives include adjusting portfolio duration and credit quality based on market outlook.

Summary

MFS High Yield Municipal Closed Fund (CXE) offers tax-exempt income through a portfolio of high-yield municipal bonds. The fund benefits from experienced management but carries higher risk due to its focus on lower-rated bonds. Interest rate sensitivity and potential defaults are key concerns. Its ability to generate consistent income and capital appreciation will determine its future performance.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • MFS Official Website
  • SEC Filings
  • Morningstar
  • Yahoo Finance

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Investment decisions should be based on individual circumstances and consultation with a financial professional. Market share data are estimates based on available information and fund size and is subject to error.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About MFS High Yield Municipal Closed Fund

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 1987-03-19
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial Municipal Income Trust. MFS High Yield Municipal Trust was founded in March 19, 1987 and is domiciled in the United States.