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MFS High Income Municipal Closed Fund (CXE)
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Upturn Advisory Summary
11/05/2025: CXE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star 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 11.69% | Avg. Invested days 53 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 111.60M USD | Price to earnings Ratio 6.81 | 1Y Target Price - |
Price to earnings Ratio 6.81 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.78 | 52 Weeks Range 3.38 - 4.03 | Updated Date 06/29/2025 |
52 Weeks Range 3.38 - 4.03 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 5.51% | Basic EPS (TTM) 0.52 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 161.34% | Operating Margin (TTM) 85.46% |
Management Effectiveness
Return on Assets (TTM) 2.52% | Return on Equity (TTM) 12.44% |
Valuation
Trailing PE 6.81 | Forward PE - | Enterprise Value 180736784 | Price to Sales(TTM) 11 |
Enterprise Value 180736784 | Price to Sales(TTM) 11 | ||
Enterprise Value to Revenue 6.85 | Enterprise Value to EBITDA - | Shares Outstanding 31525800 | Shares Floating - |
Shares Outstanding 31525800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 43.56 |
Upturn AI SWOT
MFS High Income Municipal Closed Fund
Company Overview
History and Background
MFS High Income Municipal Closed Fund (CXE) was established to provide a high current income exempt from federal income tax, consistent with prudent investment management.
Core Business Areas
- Municipal Bonds: Investment in a portfolio of tax-exempt municipal bonds, focusing on high-yield securities.
Leadership and Structure
MFS Investment Management serves as the investment advisor. Specific leadership details require direct MFS data access.
Top Products and Market Share
Key Offerings
- Tax-Exempt Municipal Bond Portfolio: CXE offers a portfolio of municipal bonds seeking high current income exempt from federal income tax. Market share data is not directly available; competitors include other closed-end municipal bond funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality, and tax policy.
Positioning
CXE positions itself as a high-yield option within the municipal bond market, attracting investors seeking tax-advantaged income.
Total Addressable Market (TAM)
The TAM is the total outstanding value of municipal bonds. CXE targets a segment of this market, focusing on high-yield bonds. TAM position is related to the fund's AUM compared to the overall market.
Upturn SWOT Analysis
Strengths
- Tax-exempt income
- Experienced management team
- High current yield
Weaknesses
- Interest rate risk
- Credit risk
- Discount to NAV
Opportunities
- Increased demand for tax-advantaged income
- Potential for capital appreciation
- Strategic asset allocation
Threats
- Rising interest rates
- Credit downgrades
- Changes in tax laws
Competitors and Market Share
Key Competitors
- VFL
- MZA
- NVG
Competitive Landscape
CXE competes with other closed-end municipal bond funds. Advantages depend on portfolio performance, expense ratios, and distribution rates. Risks involve credit quality and interest rate sensitivity.
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to asset appreciation and investor demand for municipal bonds.
Future Projections: Future projections require analyst estimates and market forecasts.
Recent Initiatives: Recent initiatives require access to MFS public statements and fund reports.
Summary
MFS High Income Municipal Closed Fund (CXE) offers tax-exempt income but carries interest rate and credit risks. The fund's strengths lie in its high yield and experienced management, yet it's vulnerable to market fluctuations. Future success depends on its ability to navigate interest rate environments and maintain credit quality. Potential changes in tax laws could affect demand.
Similar Stocks
Sources and Disclaimers
Data Sources:
- MFS Investment Management Website
- SEC Filings
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and not financial advice. Data is subject to change. Consult a financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MFS High Income Municipal Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1989-06-30 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.
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