MFS High Income Municipal Trust (CXE)

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MFS High Income Municipal Trust (CXE) is up 1.9% since the beginning of the year. At $4 per share, CXE is trading 5.9% below its 52-week high of $4. Investors who bought $1,000 worth of CXE shares 5 years ago would now be looking at an investment worth $877.

MFS High Income Municipal Trust (CXE) has returned 1.94% so far this year and 11.88% over the past 12 months. Over the last ten years, CXE has returned 1.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jun 30, 1989, CXE's average daily return is +0.02%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jan 2009 with a return of +30.5%, while the worst month was Sep 2008 at -21.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, CXE closed higher 42% of trading days. The best single day was Oct 13, 2008 with a return of +29.4%, while the worst single day was Oct 10, 2008 at -16.1%.

MFS High Income Municipal Trust has an annualized alpha of 2.20%, beta of 0.19, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since July 03, 1989.

• This stock participated in 32.39% of S&P 500 Index downside but only 24.49% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.19 may look defensive, but with R2 of 0.04 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.04 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CXE ranks 75 for risk / return — better than 75% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for MFS High Income Municipal Trust (CXE) and compare them to S&P 500 Index.

MFS High Income Municipal Trust provided a 6.81% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The company has been increasing its dividends for 2 consecutive years.

The table displays the monthly dividend distributions for MFS High Income Municipal Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the MFS High Income Municipal Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the MFS High Income Municipal Trust was 56.78%, occurring on Dec 16, 2008. Recovery took 417 trading sessions.

The current MFS High Income Municipal Trust drawdown is 14.40%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of MFS High Income Municipal Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how MFS High Income Municipal Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.