MFS High Income Municipal Trust chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.31
Dividend & Yield0.18$ (5.07%)
Beta 0.55
Market capitalization 109.39M
Operating cash flow 17.39M
ESG Scores unknown

Company description

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.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio0.62
Working Capital-3.34
Return On Equity0.07
Debt To Equity0.57
Fixed Asset Ratio-0.16
Fixed Interest Cover7.4

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 -8.01M -7.78M -7.89M -17.39M
Change To Operating Activities -93.11k -69.67k -2.56k -129.68k
Issuance Of Stock
Net Income 16.16M 799.43k 12.6M -34.27M
Change In Cash -131.75k -162.15k
Effect Of Exchange Rate
Total Cash From Operating Activities 7.87M 7.62M 7.89M 17.39M
Depreciation
Change To Account Receivables -8.1k 448.87k 226.55k 257.03k
Other Cashflows From Financing Activities 37.48k -37.48k -219.11k 681
Change To Netincome -8.18M 6.44M -4.96M 51.46M
Capital Expenditures

Income Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Research Development
Income Before Tax 16.16M 799.43k 12.6M -34.27M
Net Income 16.16M 799.43k 12.6M -34.27M
Selling General Administrative 2.08M 2.01M 2.06M 1.86M
Gross Profit 13M 11.29M 10.41M 9.68M
Ebit 10.91M 9.28M 8.35M 7.82M
Operating Income 10.91M 9.28M 8.35M 7.82M
Interest Expense -2.68M -1.78M -1.13M -1.93M
Income Tax Expense
Total Revenue 13M 11.29M 10.41M 9.68M
Cost Of Revenue
Total Other Income ExpenseNet 5.25M -8.48M 4.25M -42.1M
Net Income From Continuing Ops 16.16M 799.43k 12.6M -34.27M
Net Income Applicable To Common Shares 16.16M 799.43k 12.6M -34.27M

Balance Sheet Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Total Liabilities 98.04M 98.69M 107.26M 87.41M
Total Stockholder Equity 171.48M 164.52M 169.46M 128.8M
Other Current Liabilities 2 11.56k 10.61k 8.6k
Total Assets 269.52M 263.21M 276.72M 216.21M
Common Stock 154.04M 154.06M 154.06M 153.98M
Other Current Assets 179.79k
Retained Earnings 17.44M 10.46M 15.4M -25.18M
Treasury Stock
Cash
Total Current Liabilities 504.92k 1.19M 9.96M 1.03M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 5.38M 5.05M 6.19M 3.76M
Net Tangible Assets 171.48M 164.52M 169.46M 128.8M
Net Receivables 5.2M 5.05M 6.19M 3.76M
Accounts Payable 219.17k 963.77k 9.75M 907.51k


Insider Transactions

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

Filer Name Transaction Text Ownership Date Filer Relation Shares
KAVANAUGH JOHN PATRICKPurchase at price 4.94 per share.D2010-11-11Director2.3k
FORD GOLDFARB MAUREEN RPurchase at price 5.06 - 5.08 per share.D2010-07-19Director2.17k
LIBERTY MUTUAL INSURANCE COMPANYSale at price 8.00 per share.1996-03-29Unknown18.77k
LIBERTY MUTUAL INSURANCE COMPANYSale at price 8.00 - 8.13 per share.1996-03-29Officer and Treasurer18.77k
COGGER HAROLD WPurchase at price 7.63 per share.1995-08-10Vice President15k
COGGER HAROLD WPurchase at price 7.00 per share.1994-10-14Vice President15k
BOATMAN BONNY EPurchase at price 7.13 per share.1994-10-11Shareholder6k
COLONIAL MANAGEMENT ASSOCIATES INCStock Award(Grant) at price 7.53 per share.D1994-09-27Affiliate of Investment Advisor220

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 Income 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 Income Municipal Trust

Here is the result of two systematic investment strategies applied to MFS High Income 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 Income Municipal Trust

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

MFS High Income Municipal Trust automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 5.69% on the backtest period.

Performance at glance

Performance

5.69 %

Latent gain

128.14 $

Invested capital

2251.7 $

Annualized return

1.37 %
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Momentum strategy results on MFS High Income Municipal Trust

This is the result of two momentum investment strategies applied to MFS High Income 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 Income Municipal Trust

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

MFS High Income Municipal Trust momentum entries
  • The first momentum investment strategy would give 7.01% of return on MFS High Income Municipal Trust. That represents 403.68$ of latent gain with 5760.32$ of employed capital.
  • The second momentum investment strategy would give 6.28% of return on MFS High Income Municipal Trust. That represents 329.47$ of latent gain with 5244.93$ of employed capital.
Performance at glance (1Q Momentum)

Performance

7.01 %

Latent gain

403.68 $

Invested capital

5760.32 $

Annualized return

2.08 %
Performance at glance (2Q Momentum)

Performance

6.28 %

Latent gain

329.47 $

Invested capital

5244.93 $

Annualized return

1.72 %

Momentum equity curve on MFS High Income Municipal Trust

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

MFS High Income Municipal Trust momentum equity

Note: the dividends potentially given by MFS High Income 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 Income Municipal Trust

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

MFS High Income 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 Income Municipal Trust

Buy the dip entry openings on MFS High Income Municipal Trust

MFS High Income Municipal Trust

The performance achieved by the robo-advisor on MFS High Income Municipal Trust is 4.45%. That represents 44.51$ of latent gain with 1000.69$ of employed capital. The following chart shows MFS High Income 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 Income 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

4.45 %

Latent gain

44.51 $

Invested capital

1000.69 $

Annualized return

2.08 %

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

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

MFS High Income Municipal Trust

Note: the dividends potentially given by MFS High Income 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 Income Municipal Trust

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

MFS High Income 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 Income Municipal Trust

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

Equity curve comparison on MFS High Income Municipal Trust

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

MFS High Income Municipal Trust investment strategy comparison

Employed capital comparison on MFS High Income Municipal Trust

MFS High Income Municipal Trust investment comparison

Performance comparison on MFS High Income Municipal Trust

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 5.69% 128.14$ 2251.7$ 1.37%
Momentum 1 quarter 7.01% 403.68$ 5760.32$ 1.8%
Momentum 2 quarters 6.28% 329.47$ 5244.93$ 1.72%
Non-directional 4.45% 44.51$ 1000.69$ 2.08%
Annualized return comparison

Automatic investment

1.37 %

Momentum 1Q

1.72 %

Momentum 2Q

1.72 %

Non-directional

2.08 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MFS High Income 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 Income Municipal Trust and the other stocks. There may be false positives or some missing correlated stocks. If the price of MFS High Income Municipal Trust does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MFS High Income 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/CXE-mfs-high-income-municipal-trust.html#tab-overview
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XNYS
Ticker CXE
Market www.nyse.com

MFS High Income 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