CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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MFS High Income Municipal Trust (CXE)

National Muni Bond Funds - Muni High Yield

Data as of April 6, 2020
Market Price $4.20 (- $0.09)
NAV (April 6, 2020) $4.74 (+ $0.04)
Premium / Discount -11.39% (-2.67%)
Fund Info
Inception Feb. 18, 1989
Sponsor Massachusetts Financial Services
Website https://www.mfs.com/en...
Phone 1-800-637-2304
Objective: High current income exempt from federal income tax; Tax-Exempt Bond
Related Indexes
High Yield Municipal Index
Capital & Leverage
Outstanding Shares 31,519,082
Total Assets (Reported: Nov. 30, 2019) $269M
Estimated Total Assets $233M
Net Assets $149M
Market Cap $132M
Purchases Turnover 14.80%
Sales Turnover 14.21%
Total Leverage 36.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.82%
Non Lev Exp Ratio 1.24%
Rel Lev Cost 2.79%
Discount Data
Average Discount (3 Yr) -4.34%
Discount Low(3 Yr) -25.25%
Discount High(3 Yr) 6.26%
Discount Rel Range 43.98%
Comp Discount -3.15
Discount St Dev (1Yr) 3.43
Z-Stat (6mo) -2.06
Z-Stat (1Yr) -2.48
Z-Stat (3Yr) -2.19
Comp Z-Stat (6mo) -0.60
Comp Z-Stat (3Yr) -0.30
Distribution Data
Market Yield 4.71%
Income Yield 4.71%
Lev Adj NAV Yield 3.07%
Distribution Frequency M
Current Distribution $0.017
Current Income $0.017
Ex-Date 4/14/20
Payable Date 4/30/20
Div Growth (3yr) -33.20%
Dividend Change -21.4% on 4/1/20
Expected Div 5/1/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $551
Avg Volume 30 day 219,414
Avg Volume 90 day 131,085
Volume Trend 67.38%
Comp Volume Trend 0.77%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
Most Correlated Peer (Mk Pr): MFM 87.0%
NAV - Price Correlation (30 d) 77.2%
NAV - Price Correlation (90 d) 94.1%
NAV - Price Correlation (1 Yr) 88.4%
Price St Dev (1Yr) 32.4%
NAV St Dev (1Yr) 12.4%
Earnings / Share (11/30/19) $0.022
Earn Coverage 130.91%
Earnings Trend Down
UNII / Share (11/30/19) $0.046
Rel UNII 23.23
UNII Trend Down
Bond Specific Data
Maturity 17.70
Duration 7.90
Credit Rating (rbo) BBB
Investment Grade 59.31%
Non Investment Grade 22.76%
Unrated Bonds 17.93%
Average Bond Price 95.28
Discount vs Price -16.11
Coupon 5.00%
Zero Coupon 4.71%
AMT 21.00%
AMT Yield 4.44%
Bond Calls Risk 10.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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