MFS High Yield Municipal Trust chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.27
Dividend & Yield0.15$ (4.70%)
Beta 0.48
Market capitalization 88.66M
Operating cash flow 10.04M
ESG Scores unknown

Company description

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.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio0.74
Working Capital-4.96
Return On Equity0.07
Debt To Equity0.54
Fixed Asset Ratio-0.19
Fixed Interest Cover7.7

Financial data

Financial Statements

Cashflow Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Change To Liabilities
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities -6.43M -6.18M -6.05M -10.04M
Change To Operating Activities -68.87k -51.53k 3.94k -110.14k
Issuance Of Stock
Net Income 13.26M 497.22k 10.21M -27.75M
Change In Cash -85.5k -138k
Effect Of Exchange Rate
Total Cash From Operating Activities 6.35M 6.04M 6.05M 10.04M
Depreciation
Change To Account Receivables -50k 377.4k 176.01k 181.5k
Other Cashflows From Financing Activities 31.88k -31.88k -171.56k 558
Change To Netincome -6.79M 5.22M -4.37M 37.66M
Capital Expenditures

Income Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Research Development
Income Before Tax 13.26M 497.22k 10.21M -27.75M
Net Income 13.26M 497.22k 10.21M -27.75M
Selling General Administrative 1.67M 1.63M 1.68M 1.52M
Gross Profit 10.29M 8.9M 8.21M 7.74M
Ebit 8.62M 7.26M 6.53M 6.22M
Operating Income 8.62M 7.26M 6.53M 6.22M
Interest Expense -2.06M -1.37M -848.16k -1.49M
Income Tax Expense
Total Revenue 10.29M 8.9M 8.21M 7.74M
Cost Of Revenue
Total Other Income ExpenseNet 4.64M -6.77M 3.68M -33.97M
Net Income From Continuing Ops 13.26M 497.22k 10.21M -27.75M
Net Income Applicable To Common Shares 13.26M 497.22k 10.21M -27.75M

Balance Sheet Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Total Liabilities 75.49M 75.98M 82.82M 70.72M
Total Stockholder Equity 139.04M 133.39M 137.74M 104.95M
Other Current Liabilities 22.3k 21.68k 18.41k 14.6k
Total Assets 214.53M 209.37M 220.55M 175.67M
Common Stock 124.69M 124.69M 124.67M 124.61M
Other Current Assets 153.02k
Retained Earnings 14.35M 8.7M 13.06M -19.66M
Treasury Stock
Cash
Total Current Liabilities 454.07k 980.66k 7.97M 810.05k
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 4.32M 3.97M 5.91M 3.01M
Net Tangible Assets 139.04M 133.39M 137.74M 104.95M
Net Receivables 4.17M 3.97M 5.91M 3.01M
Accounts Payable 173.28k 767.04k 7.76M 689.41k


Insider Transactions

Here are the insider transactions of stock shares related to MFS High Yield Municipal Trust:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LIBERTY MUTUAL INSURANCE COMPANYSale at price 7.00 per share.1996-09-18Affiliate of Investment Advisor9.27k
LIBERTY MUTUAL INSURANCE COMPANYSale at price 7.00 per share.1996-09-18Shareholder8.27k
LIBERTY MUTUAL INSURANCE COMPANYSale at price 7.00 per share.1996-03-29Beneficial Owner of more than 10% of a Class of Security10.65k
LIBERTY MUTUAL INSURANCE COMPANYSale at price 7.00 - 7.12 per share.I1996-03-29Officer and Treasurer10.65k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MFS High Yield Municipal Trust. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MFS High Yield Municipal Trust

Here is the result of two systematic investment strategies applied to MFS High Yield Municipal Trust. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MFS High Yield Municipal Trust

The following chart shows the equity curve of the two systematic investment strategies applied to MFS High Yield Municipal Trust:

MFS High Yield Municipal Trust automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 5.09% on the backtest period.

Performance at glance

Performance

5.09 %

Latent gain

114.58 $

Invested capital

2250.68 $

Annualized return

1.23 %
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Momentum strategy results on MFS High Yield Municipal Trust

This is the result of two momentum investment strategies applied to MFS High Yield Municipal Trust. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MFS High Yield Municipal Trust

The following chart shows all the entries opened by the momentum investment system on MFS High Yield Municipal Trust:

MFS High Yield Municipal Trust momentum entries
  • The first momentum investment strategy would give 6.53% of return on MFS High Yield Municipal Trust. That represents 391.6$ of latent gain with 5997.92$ of employed capital.
  • The second momentum investment strategy would give 6.75% of return on MFS High Yield Municipal Trust. That represents 287.55$ of latent gain with 4258.11$ of employed capital.
Performance at glance (1Q Momentum)

Performance

6.53 %

Latent gain

391.6 $

Invested capital

5997.92 $

Annualized return

3.07 %
Performance at glance (2Q Momentum)

Performance

6.75 %

Latent gain

287.55 $

Invested capital

4258.11 $

Annualized return

1.84 %

Momentum equity curve on MFS High Yield Municipal Trust

The following chart shows the equity curve of the two momentum strategies applied to MFS High Yield Municipal Trust:

MFS High Yield Municipal Trust momentum equity

Note: the dividends potentially given by MFS High Yield Municipal Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MFS High Yield Municipal Trust

The following chart shows the employed capital evolution of the two momentum strategies on MFS High Yield Municipal Trust since the beginning:

MFS High Yield Municipal Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on MFS High Yield Municipal Trust

Buy the dip entry openings on MFS High Yield Municipal Trust

MFS High Yield Municipal Trust

The performance achieved by the robo-advisor on MFS High Yield Municipal Trust is 6.56%. That represents 163.97$ of latent gain with 2499.91$ of employed capital. The following chart shows MFS High Yield Municipal Trust stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MFS High Yield Municipal Trust, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

6.56 %

Latent gain

163.97 $

Invested capital

2499.91 $

Annualized return

3.07 %

Equity curve of the strategy applied to MFS High Yield Municipal Trust

The following chart shows the result of the investment strategy applied to MFS High Yield Municipal Trust:

MFS High Yield Municipal Trust

Note: the dividends potentially given by MFS High Yield Municipal Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MFS High Yield Municipal Trust

The following chart shows the employed capital evolution since the beginning of the investment strategy on MFS High Yield Municipal Trust:

MFS High Yield Municipal Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MFS High Yield Municipal Trust

In this section, I will compare the three previous investment strategies applied to MFS High Yield Municipal Trust.

Equity curve comparison on MFS High Yield Municipal Trust

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MFS High Yield Municipal Trust investment strategy comparison

Employed capital comparison on MFS High Yield Municipal Trust

MFS High Yield Municipal Trust investment comparison

Performance comparison on MFS High Yield Municipal Trust

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 5.09% 114.58$ 2250.68$ 1.23%
Momentum 1 quarter 6.53% 391.6$ 5997.92$ 1.67%
Momentum 2 quarters 6.75% 287.55$ 4258.11$ 1.84%
Non-directional 6.56% 163.97$ 2499.91$ 3.07%
Annualized return comparison

Automatic investment

1.23 %

Momentum 1Q

1.84 %

Momentum 2Q

1.84 %

Non-directional

3.07 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MFS High Yield Municipal Trust:

Positive correlations

Most correlated stocks this year

  • MFS High Yield Municipal Trust

  • Most correlated stocks last 3 months

  • MFS High Yield Municipal Trust

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between MFS High Yield Municipal Trust and the other stocks. There may be false positives or some missing correlated stocks. If the price of MFS High Yield Municipal Trust does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name MFS High Yield Municipal Trust
    Country United States
    City Boston
    Address 111 Huntington Avenue
    Phone 617 954 5000
    Website www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/CMU-mfs-high-yield-municipal-trust.html#tab-overview
    FullTime employees
    Industry Asset Management
    Sector Financial Services
    Exchange XNYS
    Ticker CMU
    Market www.nyse.com

    MFS High Yield Municipal Trust ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown