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Upturn AI SWOT - About
MFS High Income Municipal Closed Fund (CXE)
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Upturn Advisory Summary
08/14/2025: 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.
Number of Analysts
0 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
Analysis of Past Performance
Type Stock | Historic Profit 5.47% | Avg. Invested days 45 | 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 08/14/2025 |
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
The MFS High Income Municipal Closed Fund was established to provide high current income exempt from federal income tax, where possible, while considering capital appreciation.
Core Business Areas
- Municipal Bonds: Investment in a diversified portfolio of municipal bonds. Focus is on high-yield municipal securities rated below investment grade or unrated, seeking current income.
Leadership and Structure
The fund is managed by portfolio managers at MFS Investment Management, a global investment manager. Specific leadership details and organizational structure require direct access to MFS's corporate filings.
Top Products and Market Share
Key Offerings
- High Income Municipal Investments: Portfolio of municipal bonds designed to generate high current income that is exempt from federal income tax. Market share data for individual closed-end funds is not typically tracked; performance is compared against benchmarks. Competitors include other municipal closed-end funds and ETFs (e.g., Nuveen, BlackRock).
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality, and tax policy. High-yield municipal bonds offer higher yields but carry greater risk. Market sentiment affects closed-end fund valuations and discount/premium to NAV.
Positioning
MFS High Income Municipal Closed Fund focuses on the high-yield segment of the municipal bond market. Its competitive advantage lies in MFS's investment expertise and research capabilities.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is in the trillions of dollars. MFS HIgh Income Municipal is positioned to capture a portion of the high-yield segment.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Focus on High-Yield Municipal Bonds
- Established Brand Name (MFS)
- Diversified Portfolio within High-Yield Sector
Weaknesses
- Higher Risk Due to High-Yield Focus
- Vulnerability to Interest Rate Hikes
- Closed-End Fund Structure Can Trade at Discount to NAV
- Leverage increases volatility
Opportunities
- Rising Demand for Tax-Exempt Income
- Potential for Capital Appreciation in Undervalued Municipal Bonds
- Expansion into New Municipal Bond Sectors
- Increased Investor Interest in High-Yield Alternatives
Threats
- Rising Interest Rates
- Economic Downturn and Credit Deterioration
- Changes in Tax Laws
- Increased Competition from Other High-Yield Funds
Competitors and Market Share
Key Competitors
- Nuveen Municipal High Income Opportunity Fund (NMI)
- BlackRock MuniYield Fund (MYD)
- Eaton Vance Municipal Income Trust (EVN)
Competitive Landscape
MFS High Income Municipal Closed Fund competes with other high-yield municipal bond funds based on performance, yield, expense ratio, and brand reputation. Advantages depend on specific market conditions and investment strategies.
Growth Trajectory and Initiatives
Historical Growth: Growth is measured by NAV appreciation and increasing assets under management. Data needed from fund's filings.
Future Projections: Future growth depends on market conditions, interest rates, and MFS's investment strategy. Analyst estimates needed.
Recent Initiatives: Recent initiatives could include adjusting portfolio allocation, leveraging new investment opportunities, or changes in expense ratios. Must research for specifics.
Summary
MFS High Income Municipal Closed Fund offers investors tax-exempt high income, mainly through leveraging and investing in below-investment-grade municipal bonds. Its high-yield focus also exposes it to credit risk, and rising interest rates could negatively affect performance and lead to a discount on its NAV. MFS's expertise in high-yield municipal bonds remains a strength, but investors should carefully consider the fund's risks and leverage.
Peer Comparison
Sources and Disclaimers
Data Sources:
- MFS Investment Management Website
- SEC Filings
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Investment Research Reports (e.g., Morningstar)
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Past performance is not indicative of future results. Market share data is estimated and may not be precise.
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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