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MFS Municipal Income Trust (MFM)
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Upturn Advisory Summary
01/08/2026: 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 2.51% | Avg. Invested days 54 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/08/2026 |
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). MFS was founded in 1924, making it one of the oldest mutual fund companies in the United States. MFS Municipal Income Trust, specifically, focuses on investing in a diversified portfolio of municipal securities, seeking to provide current income that is exempt from federal income tax. It aims to achieve this by investing in a broad range of municipal bonds, including general obligation bonds, revenue bonds, and special tax bonds issued by states and their political subdivisions.
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 generally exempt from federal income tax, making them attractive to investors in higher tax brackets.
Leadership and Structure
MFS Municipal Income Trust is a closed-end investment company. It is managed by Massachusetts Financial Services Company (MFS). The specific portfolio managers responsible for the fund's day-to-day investment decisions would be listed in the fund's prospectus and regulatory filings. The overarching organizational structure is that of a mutual fund with a board of trustees overseeing its operations and a management company (MFS) handling investment management and administrative functions.
Top Products and Market Share
Key Offerings
- Competitors: Other closed-end municipal bond funds (e.g., Nuveen, BlackRock Municipal Income funds) and municipal bond ETFs (e.g., Vanguard Tax-Exempt Bond ETF - VTEB).
- Description: A closed-end fund focused on investing in municipal bonds to generate tax-exempt income. Market share data for individual closed-end funds is not typically reported in the same way as open-end funds or ETFs. Its competitors include other closed-end municipal bond funds and municipal bond ETFs. The total assets under management (AUM) for MFA as of a recent reporting period would be a key metric for its scale.
- Product Name: MFS Municipal Income Trust (MFA)
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the fixed-income landscape, driven by the financing needs of state and local governments for infrastructure and public services. Key factors influencing the industry include interest rate movements, inflation expectations, credit quality of issuers, and tax policy changes. The demand for tax-exempt income makes municipal bonds a vital component of many investors' portfolios, particularly for high-net-worth individuals.
Positioning
MFS Municipal Income Trust, as a closed-end fund, aims to provide income and capital appreciation by investing in a diversified portfolio of municipal securities. Its competitive advantage lies in the expertise of MFS in fixed-income management and its ability to access a wide range of municipal debt. As a closed-end fund, it trades on an exchange, and its market price can deviate from its net asset value (NAV).
Total Addressable Market (TAM)
The TAM for the municipal bond market is substantial, representing trillions of dollars in outstanding debt. MFS Municipal Income Trust is positioned to capture a portion of this market by offering investors a professionally managed vehicle for accessing municipal securities. Its specific share of this TAM is a function of its AUM relative to the total AUM invested in municipal bonds through similar investment vehicles.
Upturn SWOT Analysis
Strengths
- Experienced investment management team at MFS.
- Focus on tax-exempt income, appealing to specific investor segments.
- Diversified portfolio of municipal securities.
- Closed-end structure allows for potential trading at a discount to NAV.
Weaknesses
- Interest rate sensitivity common to all bond funds.
- Potential for credit risk in underlying municipal bonds.
- Closed-end structure can lead to price volatility unrelated to NAV.
- Management fees can impact net returns.
Opportunities
- Potential for increased infrastructure spending by governments, leading to new bond issuances.
- Changes in tax laws that may increase the attractiveness of tax-exempt income.
- Opportunities to capitalize on yield differentials across different municipal sectors and maturities.
- Market dislocations creating opportunities to buy bonds at attractive prices.
Threats
- Rising interest rates can decrease bond prices and negatively impact NAV.
- Economic downturns leading to increased defaults or downgrades of municipal issuers.
- Changes in federal tax policy that reduce the benefit of tax-exempt income.
- Competition from other income-generating investments and investment vehicles.
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund (NUV)
- BlackRock Municipal Income Trust II (BFK)
- Invesco Municipal Opportunity Trust (VLT)
Competitive Landscape
MFS Municipal Income Trust competes with a range of other closed-end funds and open-end funds and ETFs that invest in municipal bonds. Its advantages include its long-standing management by MFS and a focus on tax-exempt income. Disadvantages could arise from its closed-end structure leading to price volatility, or specific portfolio management decisions that underperform peers. The competitive landscape is characterized by a focus on yield, credit quality, tax efficiency, and management fees.
Growth Trajectory and Initiatives
Historical Growth: The historical growth of MFS Municipal Income Trust would be reflected in the growth of its Net Asset Value (NAV) and its ability to maintain or increase its distributions to shareholders. Performance over extended periods would indicate its ability to navigate different market cycles. Growth in Assets Under Management (AUM) is also a factor, though for closed-end funds, this can also be influenced by secondary market trading activity.
Future Projections: Future projections for MFS Municipal Income Trust are difficult to provide as it is a managed fund whose performance is tied to the broader municipal bond market and interest rate environment. Analyst estimates typically focus on broader market trends rather than specific fund projections.
Recent Initiatives: Recent initiatives would typically involve adjustments to the portfolio's holdings by the fund managers in response to market conditions, credit quality changes, or interest rate outlooks. These are tactical decisions rather than strategic expansions into new business lines.
Summary
MFS Municipal Income Trust is a well-established closed-end fund focused on tax-exempt municipal bonds. Its strengths lie in its experienced management and diversification, appealing to income-seeking investors in higher tax brackets. However, it is susceptible to interest rate fluctuations and credit risks inherent in the bond market. Navigating a competitive landscape and managing the closed-end structure's potential for price deviations from NAV are key considerations for its future performance.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Massachusetts Financial Services Company (MFS) Investor Relations
- Securities and Exchange Commission (SEC) Filings (e.g., 10-K, 10-Q, Prospectus)
- Financial data aggregators (e.g., Morningstar, Yahoo Finance)
Disclaimers:
This information is for illustrative purposes and should not be considered investment advice. Market data, performance figures, and competitor information are subject to change. Investors should consult with a qualified financial advisor before making any investment decisions. The market share data provided is an estimation based on general market perception and available AUM data for comparable funds.
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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