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Upturn AI SWOT - About
MFS High Income Municipal Closed Fund (CXE)
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Upturn Advisory Summary
06/30/2025: CXE (1-star) is currently NOT-A-BUY. Pass it for now.
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
Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $
1 Year Target Price $
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
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 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MFS High Income Municipal Closed Fund
Company Overview
History and Background
MFS High Income Municipal Trust (CXE) is a closed-end fund managed by MFS Investment Management. It focuses on high current income exempt from federal income tax, where possible, with a secondary goal of capital appreciation. The fund's history dates back to its inception, aiming to provide investors with access to a diversified portfolio of municipal bonds.
Core Business Areas
- Municipal Bond Investments: CXE's primary business is investing in a diversified portfolio of municipal bonds, seeking to generate high tax-exempt income.
Leadership and Structure
The fund is managed by a team of investment professionals at MFS Investment Management. The fund operates under a closed-end fund structure, meaning a fixed number of shares are issued and traded on the open market.
Top Products and Market Share
Key Offerings
- High Yield Municipal Bond Portfolio: CXE offers investors access to a portfolio of high-yield municipal bonds, aiming to deliver tax-exempt income. Market share is relative to other closed-end municipal bond funds. Competitors include BlackRock and Nuveen municipal bond funds. Total Net Assets as of January 31, 2024, was $351,953,232
Market Dynamics
Industry Overview
The closed-end municipal bond fund industry is influenced by factors such as interest rates, tax policy, and credit risk. Demand for tax-exempt income drives investment in this sector.
Positioning
CXE positions itself as a high-income provider in the municipal bond space, targeting investors seeking tax-advantaged returns. Its competitive advantage lies in MFS's investment expertise and active management approach.
Total Addressable Market (TAM)
The TAM is the total value of the municipal bond market accessible to closed-end funds. CXE's positioning within the TAM depends on its investment strategy and ability to attract assets compared to similar fund options.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified portfolio of municipal bonds
- Tax-exempt income generation
- Active management strategy
Weaknesses
- Susceptibility to interest rate risk
- Credit risk associated with municipal bonds
- Discount to net asset value (NAV) can fluctuate
- Leverage can amplify returns and losses
Opportunities
- Increasing demand for tax-efficient investments
- Potential for capital appreciation in undervalued municipal bonds
- Expanding access to municipal bond markets
- Strategic use of leverage to enhance returns
Threats
- Rising interest rates
- Changes in tax policy
- Credit downgrades or defaults on municipal bonds
- Increased competition from other investment vehicles
Competitors and Market Share
Key Competitors
- VFL
- NUW
- NVG
Competitive Landscape
CXE competes with other closed-end municipal bond funds based on investment strategy, performance, expense ratio, and distribution rate. Advantages include MFS's expertise and active management. Disadvantages may include higher expense ratios compared to passively managed funds.
Growth Trajectory and Initiatives
Historical Growth: Data unavailable; need access to CXE's financial statements.
Future Projections: Future growth depends on market conditions, interest rates, and the fund's investment performance. Analyst estimates can provide insight into potential growth prospects.
Recent Initiatives: Recent initiatives may include adjusting portfolio allocations, managing leverage, or implementing strategies to enhance income and total return.
Summary
MFS High Income Municipal Trust aims to provide tax-exempt income through municipal bond investments. The fund benefits from MFS's expertise, but is susceptible to interest rate and credit risk. Monitoring market conditions and actively managing the portfolio are crucial. Its discount to NAV must be taken into account when calculating shareholder returns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- MFS Investment Management
- Morningstar
- Company Filings
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any 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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