MFS High Income Municipal Trust

MFS High Income Municipal Trustverified

CXE

Price:

$3.96

Market Cap:

$124.84M

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

1989-02-17

Stock Exchange

NYSE

Ticker

CXE

The ROE as of September 2024 (TTM) for MFS High Income Municipal Trust (CXE) is 6.81%

According to MFS High Income Municipal Trust’s latest financial reports and current stock price. The company's current ROE is 6.81%. This represents a change of 303.45% compared to the average of 1.69% of the last 4 quarters.

MFS High Income Municipal Trust (CXE) Historical ROE (quarterly & annually)

How has CXE ROE performed in the past?

The mean historical ROE of MFS High Income Municipal Trust over the last ten years is 2.56%. The current 6.81% ROE has changed 166.23% with respect to the historical average. Over the past ten years (40 quarters), CXE's ROE was at its highest in in the November 2019 quarter at 18.38%. The ROE was at its lowest in in the May 2022 quarter at -16.20%.

Quarterly (TTM)
Annual

Average

2.56%

Median

4.29%

Minimum

-26.61%

Maximum

13.64%

MFS High Income Municipal Trust (CXE) ROE by Quarter and Year

Discovering the peaks and valleys of MFS High Income Municipal Trust ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.43%

Maximum Annual ROE = 13.64%

Minimum Annual Increase = -457.76%

Minimum Annual ROE = -26.61%

Quarterly (TTM)
Annual
YearROEChange
20231.94%-107.30%
2022-26.61%-457.76%
20217.44%1.43%
20200.49%-94.84%
20199.42%244.33%
20182.74%-65.58%
20177.95%155.77%
20163.11%-43.10%
20155.46%-59.95%
201413.64%-309.16%

MFS High Income Municipal Trust (CXE) Average ROE

How has CXE ROE performed in the past?

The current ROE of MFS High Income Municipal Trust (CXE) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-5.74%

5-year avg

-1.46%

10-year avg

2.56%

MFS High Income Municipal Trust (CXE) ROE vs. Peers

How is CXE’s ROE compared to its peers?

MFS High Income Municipal Trust’s ROE is less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than MFS Investment Grade Municipal Trust (3.44%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than Invesco High Income 2024 Target Term Fund (25.55%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (3.45%), less than Nuveen California Select Tax-Free Income Portfolio (17.40%), greater than BlackRock MuniVest Fund II, Inc. (0.06%), less than DTF Tax-Free Income 2028 Term Fund Inc. (0.36%), less than John Hancock Income Securities Trust (4.59%), greater than BlackRock MuniHoldings Fund, Inc. (-0.09%), less than MFS High Yield Municipal Trust (6.05%), greater than Nuveen Preferred and Income Fund (-19.45%),

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