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MFS Investment Grade Municipal Trust (CXH)



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Upturn Advisory Summary
08/14/2025: CXH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -1.02% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 62.56M USD | Price to earnings Ratio 8.67 | 1Y Target Price - |
Price to earnings Ratio 8.67 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.68 | 52 Weeks Range 7.36 - 8.36 | Updated Date 06/29/2025 |
52 Weeks Range 7.36 - 8.36 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 4.31% | Basic EPS (TTM) 0.88 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 136.64% | Operating Margin (TTM) 84.97% |
Management Effectiveness
Return on Assets (TTM) 2.41% | Return on Equity (TTM) 10.19% |
Valuation
Trailing PE 8.67 | Forward PE - | Enterprise Value 106498096 | Price to Sales(TTM) 11.79 |
Enterprise Value 106498096 | Price to Sales(TTM) 11.79 | ||
Enterprise Value to Revenue 8.53 | Enterprise Value to EBITDA - | Shares Outstanding 8199220 | Shares Floating - |
Shares Outstanding 8199220 | Shares Floating - | ||
Percent Insiders 0.09 | Percent Institutions 45.91 |
Upturn AI SWOT
MFS Investment Grade Municipal Trust
Company Overview
History and Background
MFS Investment Grade Municipal Trust (CXE) is a closed-end management investment company. It invests primarily in investment-grade municipal bonds. It was founded to provide investors with income exempt from federal income tax, consistent with prudent investment management.
Core Business Areas
- Municipal Bond Investments: The trust invests primarily in a portfolio of investment-grade municipal bonds. This includes bonds issued by states, cities, and other local government entities to fund public projects.
Leadership and Structure
The fund is managed by MFS Investment Management. The specific portfolio managers are responsible for the day-to-day investment decisions. The structure consists of a board of trustees overseeing the fund's operations and MFS providing investment advisory services.
Top Products and Market Share
Key Offerings
- Investment Grade Municipal Bond Portfolio: The primary offering is a diversified portfolio of investment-grade municipal bonds. Market share data is not directly applicable to individual closed-end funds but refers to the AUM relative to competitors and the overall municipal bond market. Competitors include other closed-end municipal bond funds managed by firms like BlackRock, Nuveen, and Eaton Vance. Revenue is derived from management fees based on AUM. Specific revenue data is disclosed in the fund's financial reports.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors such as interest rates, tax policies, credit ratings, and economic conditions. Demand is driven by investors seeking tax-advantaged income and stability.
Positioning
CXE aims to provide a steady stream of tax-exempt income by investing in investment-grade municipal bonds. Its competitive advantage lies in MFS's expertise in managing municipal bond portfolios.
Total Addressable Market (TAM)
The total US municipal bond market is several trillion dollars. CXE is positioned to capture a portion of the investor base seeking tax-exempt income from this market.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Focus on Investment-Grade Municipal Bonds
- Tax-Exempt Income Potential
- Established Track Record
Weaknesses
- Interest Rate Sensitivity
- Market Volatility
- Discount to Net Asset Value (NAV)
- Leverage Risk
Opportunities
- Rising Interest Rate Environment (Potential for Higher Yields)
- Increased Demand for Tax-Exempt Income
- Strategic Portfolio Management
- Growth in Municipal Bond Market
Threats
- Changes in Tax Laws
- Credit Downgrades of Municipal Bonds
- Economic Recession
- Increased Competition
Competitors and Market Share
Key Competitors
- Nuveen (JMM), BlackRock (BBN), Eaton Vance (EIM)
Competitive Landscape
CXE competes with other closed-end municipal bond funds based on performance, expense ratio, and distribution yield. MFS's investment expertise provides a competitive advantage.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is related to the performance of the municipal bond market and the fund's ability to generate income and capital appreciation.
Future Projections: Future projections are dependent on market conditions and analyst estimates, which can be found on financial websites. (Not available without real time data)
Recent Initiatives: Recent initiatives include adjusting the portfolio composition to optimize yield and manage risk in response to changing market conditions.
Summary
MFS Investment Grade Municipal Trust (CXE) offers tax-exempt income through a portfolio of investment-grade municipal bonds. Its strengths lie in MFS's management and focus on quality bonds. Weaknesses include interest rate sensitivity and potential discounts to NAV. Investors should monitor tax law changes and credit risks within the municipal bond market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- MFS Investment Management Website
- Financial News Outlets
- SEC Filings
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and fund performance can change rapidly. Consult a financial professional 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 Investment Grade Municipal Trust
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 Investment Grade Municipal 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. MFS Investment Grade Municipal Trust was founded in May 16, 1989 and is domiciled in United States.

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