Eaton Vance Municipal Income Term Closed Fund
Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust. Eaton Vance Municipal Income 2028 Term Trust was formed on March 28, 2013 … Read more
Eaton Vance Municipal Income Term Closed Fund (ETX) - Net Assets
Latest net assets as of July 2025: $201.06 Million USD
Based on the latest financial reports, Eaton Vance Municipal Income Term Closed Fund (ETX) has net assets worth $201.06 Million USD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($209.02 Million) and total liabilities ($7.96 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $201.06 Million |
| % of Total Assets | 96.19% |
| Annual Growth Rate | -1.24% |
| 5-Year Change | -14.89% |
| 10-Year Change | N/A |
| Growth Volatility | 4.12 |
Eaton Vance Municipal Income Term Closed Fund - Net Assets Trend (2016–2025)
This chart illustrates how Eaton Vance Municipal Income Term Closed Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eaton Vance Municipal Income Term Closed Fund (2016–2025)
The table below shows the annual net assets of Eaton Vance Municipal Income Term Closed Fund from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $202.87 Million | -1.70% |
| 2024-01-31 | $206.39 Million | -1.41% |
| 2023-01-31 | $209.34 Million | -7.49% |
| 2022-01-31 | $226.29 Million | -5.07% |
| 2021-01-31 | $238.36 Million | +0.49% |
| 2020-01-31 | $237.21 Million | +7.12% |
| 2019-01-31 | $221.44 Million | -0.01% |
| 2018-01-31 | $221.48 Million | +2.32% |
| 2017-01-31 | $216.45 Million | -4.68% |
| 2016-01-31 | $227.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eaton Vance Municipal Income Term 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 grown by 565593000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $108.88K | 0.05% |
| Other Components | $203.91 Million | 100.51% |
| Total Equity | $202.87 Million | 100.00% |
Eaton Vance Municipal Income Term Closed Fund Competitors by Market Cap
The table below lists competitors of Eaton Vance Municipal Income Term Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southern Company (The) Series 2
NYSE:SOJE
|
$174.04K |
|
BORALEX -A- (B3H.SG)
STU:B3H
|
$174.32K |
|
Mission Ready Solutions Inc
PINK:MSNVF
|
$174.68K |
|
FIRST HORIZON NATL - Dusseldorf Stock Exchang
DU:FT2
|
$174.86K |
|
PIMCO ENERGY+TACT.CR.OPPS
F:3VZ
|
$173.67K |
|
Jubilant Agri and Consumer Products Limited
NSE:JUBLCPL
|
$173.62K |
|
BGNO39
SA:BGNO39
|
$173.62K |
|
BTML11
SA:BTML11
|
$173.57K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eaton Vance Municipal Income Term Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 206,389,511 to 202,874,306, a change of -3,515,205 (-1.7%).
- Net income of 6,635,153 contributed positively to equity growth.
- Other factors decreased equity by 10,150,358.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.64 Million | +3.27% |
| Other Changes | $-10.15 Million | -5.0% |
| Total Change | $- | -1.70% |
Book Value vs Market Value Analysis
This analysis compares Eaton Vance Municipal Income Term 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: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.90x to 1.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-01-31 | $20.96 | $18.86 | x |
| 2017-01-31 | $19.98 | $18.86 | x |
| 2018-01-31 | $20.42 | $18.86 | x |
| 2019-01-31 | $20.56 | $18.86 | x |
| 2020-01-31 | $21.88 | $18.86 | x |
| 2021-01-31 | $21.87 | $18.86 | x |
| 2022-01-31 | $20.36 | $18.86 | x |
| 2023-01-31 | $19.37 | $18.86 | x |
| 2024-01-31 | $19.16 | $18.86 | x |
| 2025-01-31 | $18.65 | $18.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eaton Vance Municipal Income Term 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): 3.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 95.61%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.05x
- Recent ROE (3.27%) is above the historical average (3.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.53% | 94.36% | 0.04x | 1.61x | $-10.15 Million |
| 2017 | -0.66% | -10.63% | 0.04x | 1.61x | $-23.07 Million |
| 2018 | 6.42% | 98.24% | 0.04x | 1.60x | $-7.93 Million |
| 2019 | 4.14% | 97.11% | 0.03x | 1.59x | $-12.98 Million |
| 2020 | 10.47% | 99.04% | 0.07x | 1.55x | $1.12 Million |
| 2021 | 4.23% | 97.66% | 0.03x | 1.55x | $-13.76 Million |
| 2022 | -1.42% | 0.00% | -0.01x | 1.56x | $-25.84 Million |
| 2023 | -4.01% | 0.00% | -0.03x | 1.50x | $-29.32 Million |
| 2024 | 2.45% | 47.17% | 0.04x | 1.16x | $-15.57 Million |
| 2025 | 3.27% | 95.61% | 0.03x | 1.05x | $-13.65 Million |
Industry Comparison
This section compares Eaton Vance Municipal Income Term Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance Municipal Income Term Closed Fund (ETX) | $201.06 Million | 5.53% | 0.04x | $173.81K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |