Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
MFS High Income Municipal Closed Fund (CXE)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/17/2025: 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 11.16% | Avg. Invested days 49 | 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 09/17/2025 |
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 was established to provide high current income exempt from federal income tax, consistent with prudent investment risk.
Core Business Areas
- Municipal Bond Investments: Investing in a portfolio of municipal bonds, with the goal of generating tax-exempt income for shareholders.
Leadership and Structure
The fund is managed by MFS Investment Management, a global investment manager. The fund's structure is a closed-end fund, traded on the New York Stock Exchange.
Top Products and Market Share
Key Offerings
- High-Yield Municipal Bonds: Investing primarily in high-yield municipal bonds to maximize income. Competitors include other municipal bond funds such as BlackRock MuniHoldings Fund, Nuveen Municipal High Income Opportunity Fund, and Eaton Vance Municipal Income Trust. Market share data is not publicly available for individual closed-end funds. Revenue is determined by the net asset value and investment performance of the fund, which fluctuates.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors such as interest rates, credit quality, and tax policy. Demand for municipal bonds is driven by investors seeking tax-advantaged income.
Positioning
MFS High Income Municipal Closed Fund focuses on the high-yield segment of the municipal bond market, aiming to provide higher income than investment-grade alternatives. Competitive advantages are based on MFS's expertise in credit analysis and portfolio management.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is in the trillions of dollars. MFS High Income Municipal Closed Fund is positioned to capture a portion of this market by focusing on the high-yield segment.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Diversified Portfolio
- High Current Income Generation
Weaknesses
- Exposure to Credit Risk
- Interest Rate Sensitivity
- Discount to Net Asset Value (NAV)
Opportunities
- Rising Demand for Tax-Exempt Income
- Potential for Capital Appreciation
- Strategic Asset Allocation
Threats
- Rising Interest Rates
- Economic Downturn
- Changes in Tax Laws
Competitors and Market Share
Key Competitors
- VFL
- BBN
- NAD
Competitive Landscape
MFS High Income Municipal Closed Fund competes with other closed-end funds and exchange-traded funds (ETFs) that invest in municipal bonds. Its competitive advantage depends on its investment performance and distribution yield relative to peers.
Growth Trajectory and Initiatives
Historical Growth: Growth is primarily driven by investment performance and the fund's ability to attract and retain assets.
Future Projections: Future performance depends on market conditions and the fund's investment strategy. Analyst estimates are not typically provided for closed-end funds in the same way as operating companies.
Recent Initiatives: Recent initiatives may include adjustments to portfolio allocation, changes in distribution policy, or efforts to narrow the discount to NAV.
Summary
MFS High Income Municipal Closed Fund aims to provide high tax-exempt income through municipal bonds. Its strengths lie in its experienced management and diversified portfolio, but it faces risks from credit quality, interest rates, and NAV discount. Opportunities exist in rising demand for tax-advantaged income, while threats include economic downturns and tax law changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- MFS Investment Management Website
- SEC Filings
- Morningstar
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.