- ISIN
- US59318D1046
- CUSIP
- 59318D104
- Delisting Date
- Jun 8, 2026
- Sector
- Financial Services
- Industry
- Asset Management
- IPO Date
- Jun 30, 1989
Highlights
- Market Cap
- $115.07M
- Enterprise Value
- $184.27M
- EPS (TTM)
- $0.52
- PE Ratio
- 6.99
- PEG Ratio
- 0.02
- Total Revenue (TTM)
- $19.35M
- Gross Profit (TTM)
- $18.78M
- EBITDA (TTM)
- $30.81M
- Year Range
- $3.40 - $3.88
- ROA (TTM)
- 7.68%
- ROE (TTM)
- 12.60%
Share Price Chart
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Performance
CXE Performance Chart
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Returns By Period
MFS High Income Municipal Trust
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
CXE Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.65% | 2.07% | -2.93% | 0.21% | 0.30% | -0.27% | 1.94% | ||||||
| 2025 | 2.35% | 2.30% | -2.98% | -2.81% | -1.49% | 2.81% | -0.33% | 0.50% | 5.30% | 0.75% | -0.06% | 0.22% | 6.44% |
| 2024 | 1.21% | 0.11% | 2.10% | -2.34% | 1.41% | 4.49% | 1.51% | 3.50% | 4.04% | -3.73% | 1.46% | -4.75% | 8.88% |
| 2023 | 7.55% | -4.70% | 3.23% | -2.94% | -1.05% | 0.37% | 4.97% | -6.26% | -7.89% | -2.17% | 11.95% | 5.09% | 6.40% |
| 2022 | -8.50% | -1.76% | -2.89% | -9.40% | 7.55% | -10.94% | 8.97% | -5.51% | -11.87% | -2.23% | 12.38% | -4.51% | -27.88% |
| 2021 | 0.02% | 0.60% | 1.20% | 3.75% | 4.21% | -3.10% | 1.52% | 2.81% | -3.48% | -3.07% | -0.43% | 1.36% | 5.14% |
Benchmark Metrics
MFS High Income Municipal Trust has an annualized alpha of 2.21%, beta of 0.19, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since June 30, 1989.
- This stock participated in 32.24% 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.
- Alpha
- 2.21%
- Beta
- 0.19
- R²
- 0.04
- Upside Capture
- 24.49%
- Downside Capture
- 32.24%
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS High Income Municipal Trust (CXE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CXE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 9.61 | — |
Dividends
Dividend History
MFS High Income Municipal Trust provided a 6.32% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.21 | $0.18 | $0.16 | $0.20 | $0.24 | $0.25 | $0.25 | $0.29 | $0.30 | $0.30 | $0.31 |
Dividend yield | 6.32% | 5.59% | 4.97% | 4.39% | 5.70% | 4.74% | 4.86% | 4.73% | 6.17% | 5.72% | 6.04% | 6.27% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.00 | $0.12 | ||||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2024 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2023 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.20 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.78%Dec 2008 | 2y 8mo | 1y 8mo | 4y 4moMar 2006 - Aug 2010 |
2023 bear market2023 | -39.23%Oct 2023 | 2y 1mo | — | 4y 10moSep 2021 - now |
Dot-com crash2000–2002 | -37.97%Dec 2000 | 7y 2mo | 4y 11mo | 12y 2moSep 1993 - Nov 2005 |
COVID crash2020 | -34.08%Mar 2020 | 20d | 1y 1mo | 1y 2moFeb 2020 - May 2021 |
2013 bear market2013 | -24.29%Aug 2013 | 10mo 22d | 2y 3mo | 3y 2moOct 2012 - Nov 2015 |
Drawdown Indicators
| CXE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.24% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
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.
Valuation
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.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for CXE, comparing it with other companies in the Asset Management industry. Currently, CXE has a P/E ratio of 7.0. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for CXE compared to other companies in the Asset Management industry. CXE currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for CXE relative to other companies in the Asset Management industry. Currently, CXE has a P/S ratio of 5.9. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for CXE in comparison with other companies in the Asset Management industry. Currently, CXE has a P/B value of 0.9. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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