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Upturn AI SWOT - About
MFS High Yield Municipal Closed Fund (CMU)
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Upturn Advisory Summary
04/04/2025: CMU (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.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 5.18% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 89.61M USD | Price to earnings Ratio 7.17 | 1Y Target Price - |
Price to earnings Ratio 7.17 | 1Y Target Price - | ||
Volume (30-day avg) 39890 | Beta 0.57 | 52 Weeks Range 3.07 - 3.63 | Updated Date 04/6/2025 |
52 Weeks Range 3.07 - 3.63 | Updated Date 04/6/2025 | ||
Dividends yield (FY) 4.95% | Basic EPS (TTM) 0.49 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 166.79% | Operating Margin (TTM) 85.56% |
Management Effectiveness
Return on Assets (TTM) 2.52% | Return on Equity (TTM) 12.88% |
Valuation
Trailing PE 7.17 | Forward PE - | Enterprise Value 140564512 | Price to Sales(TTM) 11.94 |
Enterprise Value 140564512 | Price to Sales(TTM) 11.94 | ||
Enterprise Value to Revenue 7.11 | Enterprise Value to EBITDA - | Shares Outstanding 25492800 | Shares Floating - |
Shares Outstanding 25492800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 49.26 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MFS High Yield Municipal Closed Fund
Company Overview
History and Background
MFS High Yield Municipal Trust (Symbol: CMU) is a closed-end investment fund. It began trading in the early 1990s and is managed by MFS Investment Management. It focuses on high-yield municipal bonds to generate income.
Core Business Areas
- High-Yield Municipal Bond Investments: The fund primarily invests in a portfolio of high-yield municipal bonds, seeking to provide current income exempt from federal income tax.
Leadership and Structure
MFS Investment Management serves as the investment advisor. Portfolio managers oversee the fund's investment strategy and security selection. MFS is a global investment manager.
Top Products and Market Share
Key Offerings
- Closed-End High-Yield Municipal Bond Fund: CMU is a closed-end fund, meaning it issues a fixed number of shares that trade on an exchange. It provides investors access to a diversified portfolio of high-yield municipal bonds. Market share is best understood in terms of AUM (Assets Under Management) relative to similar funds. Competitors include Nuveen, BlackRock, and Eaton Vance funds offering similar high-yield municipal bond strategies.
Market Dynamics
Industry Overview
The closed-end fund industry is sensitive to interest rates and credit spreads. High-yield municipal bonds offer tax-advantaged income but carry greater credit risk than investment-grade municipals.
Positioning
CMU is positioned as a high-yield, tax-exempt income vehicle. Its competitive advantage lies in MFS's experience in municipal bond investing and its research capabilities.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is in the trillions of dollars. The high-yield municipal bond segment is a smaller but significant portion of this. CMU is positioned to capture a share of the demand for high-yield, tax-exempt income from investors.
Upturn SWOT Analysis
Strengths
- Experienced management team (MFS)
- Diversified portfolio of high-yield municipal bonds
- Tax-exempt income for investors
- Established track record
Weaknesses
- Higher credit risk compared to investment-grade municipal bonds
- Sensitivity to interest rate changes
- Discount to net asset value (NAV) can fluctuate
- Leverage increases volatility
Opportunities
- Increased demand for tax-advantaged income
- Rising interest rate environment (potentially increasing yields)
- Expansion of municipal bond market
- Strategic acquisitions to increase asset base
Threats
- Rising interest rates (decreasing bond values)
- Economic downturn (increasing default risk)
- Changes in tax laws (reducing attractiveness of municipal bonds)
- Increased competition from other fixed-income investments
Competitors and Market Share
Key Competitors
- NUW
- VFL
- NID
Competitive Landscape
CMU competes with other closed-end funds focused on high-yield municipal bonds. MFS's research capabilities and management experience are key advantages. Key differentiators include expense ratios, portfolio composition, and historical performance.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to the fund's ability to generate returns and attract investor capital. MFS actively manages the fund's portfolio.
Future Projections: Future growth depends on market conditions and the fund's performance. Analyst estimates are not available in the same way as for individual stocks, but fund ratings agencies often provide insights.
Recent Initiatives: Recent initiatives include actively managing the portfolio to optimize returns in a changing interest rate environment.
Summary
MFS High Yield Municipal Closed Fund offers tax-exempt income through a portfolio of high-yield municipal bonds, managed by an experienced team at MFS. It's exposed to credit risk and interest rate sensitivity, while the fund offers stable distributions. Growth depends on market conditions and performance versus competitors. Investors should carefully consider its risk profile.
Similar Companies
EOT
Eaton Vance National Municipal Opportunities Closed Fund
EOT
Eaton Vance National Municipal Opportunities Closed Fund
VFL
Delaware Investments Florida MIF
VFL
Delaware Investments Florida MIF
Sources and Disclaimers
Data Sources:
- MFS Investment Management Website
- SEC Filings
- Yahoo Finance
- Morningstar
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share estimates are approximate.
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 Yield Municipal Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1987-03-19 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
MFS High Yield Municipal 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. It was formerly known as Colonial Municipal Income Trust. MFS High Yield Municipal Trust was founded in March 19, 1987 and is domiciled in the United States.
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