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CXH
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MFS Investment Grade Municipal Trust (CXH)

Upturn stock ratingUpturn stock rating
$7.54
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

08/14/2025: CXH (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit -1.02%
Avg. Invested days 48
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

MFS Investment Grade Municipal Trust

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.