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MFS Municipal Income Trust (MFM)
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Upturn Advisory Summary
12/08/2025: MFM (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 5% | Avg. Invested days 61 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 212.53M USD | Price to earnings Ratio 25.8 | 1Y Target Price - |
Price to earnings Ratio 25.8 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.68 | 52 Weeks Range 4.94 - 5.78 | Updated Date 06/29/2025 |
52 Weeks Range 4.94 - 5.78 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 5.06% | Basic EPS (TTM) 0.2 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 45.93% | Operating Margin (TTM) 85.28% |
Management Effectiveness
Return on Assets (TTM) 2.54% | Return on Equity (TTM) 3.27% |
Valuation
Trailing PE 25.8 | Forward PE - | Enterprise Value 326298048 | Price to Sales(TTM) 12.34 |
Enterprise Value 326298048 | Price to Sales(TTM) 12.34 | ||
Enterprise Value to Revenue 26.41 | Enterprise Value to EBITDA - | Shares Outstanding 41187600 | Shares Floating - |
Shares Outstanding 41187600 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 40.54 |
Upturn AI SWOT
MFS Municipal Income Trust
Company Overview
History and Background
MFS Municipal Income Trust (NYSE: MFA) is a closed-end fund managed by Massachusetts Financial Services Company (MFS). Established to provide income from municipal securities, it aims to invest in a diversified portfolio of tax-exempt debt obligations. MFS itself has a long history, founded in 1924, and has evolved into a global investment manager.
Core Business Areas
- Municipal Bond Investing: The primary business of MFS Municipal Income Trust is to invest in a diversified portfolio of municipal bonds. These bonds are issued by state and local governments and their agencies to finance public projects. The income generated from these bonds is typically exempt from federal income tax.
Leadership and Structure
MFS Municipal Income Trust is overseen by a Board of Trustees. The day-to-day management and investment decisions are handled by portfolio managers employed by Massachusetts Financial Services Company (MFS).
Top Products and Market Share
Key Offerings
- MFS Municipal Income Trust (MFA): The core offering is the MFS Municipal Income Trust, a closed-end fund focused on generating tax-exempt income through investments in municipal bonds. It aims to provide a consistent income stream to its shareholders. As a closed-end fund, its shares trade on an exchange, and its market price can differ from its net asset value (NAV). Competitors in this space include other closed-end municipal bond funds and open-end municipal bond ETFs and mutual funds.
Market Dynamics
Industry Overview
The municipal bond market is a significant sector of the fixed-income landscape, driven by government infrastructure spending and the tax advantages offered to investors. The market is influenced by interest rate movements, credit quality of issuers, and legislative changes affecting tax policies.
Positioning
MFS Municipal Income Trust positions itself as a provider of tax-exempt income for investors, particularly those in higher tax brackets. Its competitive advantage lies in the expertise of its management team at MFS and its diversified portfolio approach. However, as a closed-end fund, it faces the challenge of potential discounts to NAV.
Total Addressable Market (TAM)
The TAM for municipal bonds is substantial, with trillions of dollars in outstanding debt. MFS Municipal Income Trust, as a single fund, targets a segment of this market, aiming to capture a portion of the investor demand for tax-exempt income.
Upturn SWOT Analysis
Strengths
- Experienced Investment Management Team from MFS
- Diversified Portfolio of Municipal Bonds
- Focus on Tax-Exempt Income Generation
- Established Fund with a Long Operating History
Weaknesses
- Closed-End Fund Structure can lead to discounts to NAV
- Sensitivity to Interest Rate Fluctuations
- Limited Growth Potential compared to open-end funds
- Potential for credit risk within the municipal bond portfolio
Opportunities
- Increasing demand for tax-efficient investment vehicles
- Potential for rising interest rates to increase bond yields over time
- Infrastructure spending driving new municipal bond issuance
- Investor flight to quality and tax advantages during economic uncertainty
Threats
- Rising interest rate environment leading to bond price depreciation
- Deterioration of municipal issuer credit quality
- Changes in tax legislation that could reduce the attractiveness of tax-exempt bonds
- Increased competition from other fixed-income products and ETFs
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund (NUV)
- BlackRock Municipal Bond Trust (BBK)
- Invesco Municipal Opportunity Trust (VMO)
Competitive Landscape
MFS Municipal Income Trust competes with a wide array of other closed-end municipal bond funds, as well as open-end ETFs and mutual funds in the municipal bond space. Its advantages include the MFS brand and investment expertise, while disadvantages might include its specific management fees and the potential for a wider discount to NAV compared to some competitors.
Growth Trajectory and Initiatives
Historical Growth: Growth is typically measured by the change in Net Asset Value (NAV) per share over time. The fund's growth is tied to the performance of the municipal bond market and its ability to generate income.
Future Projections: Future projections are difficult for closed-end funds as they are heavily influenced by market conditions, interest rates, and credit quality. Analysts may provide estimates for income generation and potential NAV changes.
Recent Initiatives: Recent initiatives would likely focus on portfolio management strategies to adapt to the current interest rate environment, credit risk management, and efforts to manage the discount/premium to NAV.
Summary
MFS Municipal Income Trust is a mature closed-end fund focused on tax-exempt income from municipal bonds, leveraging MFS's established investment management capabilities. Its strengths lie in its diversified portfolio and tax advantages for investors. However, it faces challenges from interest rate sensitivity, potential credit risks, and the inherent discount/premium volatility of closed-end funds. Future success will depend on navigating market volatility and maintaining strong credit quality in its holdings.
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Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Financial Data Providers (e.g., Bloomberg, Refinitiv)
- Investment Research Platforms
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Data accuracy is subject to source availability and potential market fluctuations. Past performance is not indicative of future results.
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 Municipal Income Trust
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1987-11-05 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
MFS Municipal Income Trust 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 Municipal Income Trust was founded in November 25, 1986 and and is domiciled in United States.
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