Eaton Vance National Municipal Opportunities Closed Fund (EOT) - Net Assets
Based on the latest financial reports, Eaton Vance National Municipal Opportunities Closed Fund (EOT) has net assets worth $280.83 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($321.65 Million) and total liabilities ($40.82 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Eaton Vance National Municipal Opportuni balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $280.83 Million |
| % of Total Assets | 87.31% |
| Annual Growth Rate | -2.34% |
| 5-Year Change | -15.54% |
| 10-Year Change | N/A |
| Growth Volatility | 4.0 |
Eaton Vance National Municipal Opportunities Closed Fund - Net Assets Trend (2016–2025)
This chart illustrates how Eaton Vance National Municipal Opportunities Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Eaton Vance National Municipal Opportuni for the complete picture of this company's asset base.
Annual Net Assets for Eaton Vance National Municipal Opportunities Closed Fund (2016–2025)
The table below shows the annual net assets of Eaton Vance National Municipal Opportunities Closed Fund from 2016 to 2025. For live valuation and market cap data, see Eaton Vance National Municipal Opportuni (EOT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $281.39 Million | -2.65% |
| 2024-03-31 | $289.05 Million | +0.99% |
| 2023-03-31 | $286.21 Million | -8.74% |
| 2022-03-31 | $313.63 Million | -5.87% |
| 2021-03-31 | $333.18 Million | +6.00% |
| 2020-03-31 | $314.32 Million | -2.15% |
| 2019-03-31 | $321.24 Million | -1.03% |
| 2018-03-31 | $324.59 Million | -1.69% |
| 2017-03-31 | $330.18 Million | -5.16% |
| 2016-03-31 | $348.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eaton Vance National Municipal Opportunities Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 801.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $156.25K | 0.06% |
| Other Components | $298.07 Million | 105.93% |
| Total Equity | $281.39 Million | 100.00% |
Eaton Vance National Municipal Opportunities Closed Fund Competitors by Market Cap
The table below lists competitors of Eaton Vance National Municipal Opportunities Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kiri Industries Limited
NSE:KIRIINDUS
|
$266.95 Million |
|
ANTENGENE CORP. DL-0001
F:722
|
$267.00 Million |
|
Metropolis Healthcare Limited
NSE:METROPOLIS
|
$267.10 Million |
|
Qinghaihuading Industrial Co Ltd
SHG:600243
|
$267.15 Million |
|
Blue Water Acquisition Corp. III Class A Ordinary Shares
NASDAQ:BLUW
|
$266.85 Million |
|
SC Asset Corporation Public Company Limited
BK:SC
|
$266.64 Million |
|
Imperial Brands PLC
LSE:IMB
|
$266.62 Million |
|
Cohen Circle Acquisition Corp. II Class A Ordinary Shares
NASDAQ:CCII
|
$266.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eaton Vance National Municipal Opportunities Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 289,049,535 to 281,388,792, a change of -7,660,743 (-2.7%).
- Net income of 4,873,569 contributed positively to equity growth.
- Dividend payments of 12,534,312 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.87 Million | +1.73% |
| Dividends Paid | $12.53 Million | -4.45% |
| Total Change | $- | -2.65% |
Book Value vs Market Value Analysis
This analysis compares Eaton Vance National Municipal Opportunities Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.75x to 0.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | $22.89 | $17.08 | x |
| 2017-03-31 | $21.70 | $17.08 | x |
| 2018-03-31 | $21.45 | $17.08 | x |
| 2019-03-31 | $21.07 | $17.08 | x |
| 2020-03-31 | $20.53 | $17.08 | x |
| 2021-03-31 | $21.73 | $17.08 | x |
| 2022-03-31 | $20.07 | $17.08 | x |
| 2023-03-31 | $18.32 | $17.08 | x |
| 2024-03-31 | $18.50 | $17.08 | x |
| 2025-03-31 | $17.90 | $17.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eaton Vance National Municipal Opportunities Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.69%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.15x
- Recent ROE (1.73%) is below the historical average (1.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.81% | 59.18% | 0.06x | 1.12x | $-21.54 Million |
| 2017 | 0.24% | 3.72% | 0.06x | 1.15x | $-32.22 Million |
| 2018 | 3.60% | 97.60% | 0.03x | 1.12x | $-20.76 Million |
| 2019 | 4.26% | 97.88% | 0.04x | 1.15x | $-18.43 Million |
| 2020 | 2.01% | 95.19% | 0.02x | 1.09x | $-25.13 Million |
| 2021 | 9.04% | 99.04% | 0.09x | 1.07x | $-3.19 Million |
| 2022 | -4.63% | 0.00% | -0.04x | 1.09x | $-45.88 Million |
| 2023 | -5.49% | 0.00% | -0.05x | 1.14x | $-44.33 Million |
| 2024 | 5.04% | 97.94% | 0.04x | 1.15x | $-14.34 Million |
| 2025 | 1.73% | 72.69% | 0.02x | 1.15x | $-23.27 Million |
Industry Comparison
This section compares Eaton Vance National Municipal Opportunities Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance National Municipal Opportunities Closed Fund (EOT) | $280.83 Million | 3.81% | 0.15x | $266.87 Million |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Eaton Vance National Municipal Opportunities Closed Fund
Eaton Vance National Municipal Opportunities Trust is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It primarily invests its assets in municipal obligations. The fund conducts in-house research to make its investments. Eaton Vance National Municipal Opportunities Trust was formed on May 29, 200… Read more