Eaton Vance Municipal Income Term Closed Fund (ETX) - Net Assets
Based on the latest financial reports, Eaton Vance Municipal Income Term Closed Fund (ETX) has net assets worth $201.26 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($209.60 Million) and total liabilities ($8.33 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. Check asset allocation strategy of Eaton Vance Municipal Income Term Closed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $201.26 Million |
| % of Total Assets | 96.02% |
| Annual Growth Rate | -1.2% |
| 5-Year Change | -11.06% |
| 10-Year Change | -7.02% |
| Growth Volatility | 3.91 |
Eaton Vance Municipal Income Term Closed Fund - Net Assets Trend (2016–2026)
This chart illustrates how Eaton Vance Municipal Income Term Closed Fund's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Eaton Vance Municipal Income Term Closed.
Annual Net Assets for Eaton Vance Municipal Income Term Closed Fund (2016–2026)
The table below shows the annual net assets of Eaton Vance Municipal Income Term Closed Fund from 2016 to 2026. Also explore net asset momentum of Eaton Vance Municipal Income Term Closed to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $201.26 Million | -0.79% |
| 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 713333400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $329.35K | 0.16% |
| Common Stock | $108.96K | 0.05% |
| Other Components | $200.82 Million | 99.78% |
| Total Equity | $201.26 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 |
|---|---|
|
SWK Holdings Corp
NASDAQ:SWKH
|
$192.32 Million |
|
Insecticides (India) Limited
NSE:INSECTICID
|
$192.46 Million |
|
Kg Chemical
KO:001390
|
$192.50 Million |
|
Verb Technology Company Inc
NASDAQ:VERB
|
$192.51 Million |
|
Ramada Investimentos e Industria S.A
LS:RAM
|
$192.31 Million |
|
Tornado Global Hydrovacs Ltd
V:TGH
|
$192.30 Million |
|
Pioneer Municipal High Income Opportunities Fund Inc
NYSE:MIO
|
$192.24 Million |
|
Brockhaus Capital Management AG
F:BKHT
|
$192.24 Million |
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 2025 to 2026, total equity changed from 202,874,306 to 201,262,431, a change of -1,611,875 (-0.8%).
- Net income of 8,465,993 contributed positively to equity growth.
- Dividend payments of 6,988,589 reduced retained earnings.
- Other factors decreased equity by 3,089,279.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.47 Million | +4.21% |
| Dividends Paid | $6.99 Million | -3.47% |
| Other Changes | $-3.09 Million | -1.53% |
| Total Change | $- | -0.79% |
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: 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 0.84x 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 |
|---|---|---|---|
| 2016-01-31 | $20.96 | $17.65 | x |
| 2017-01-31 | $19.98 | $17.65 | x |
| 2018-01-31 | $20.42 | $17.65 | x |
| 2019-01-31 | $20.56 | $17.65 | x |
| 2020-01-31 | $21.88 | $17.65 | x |
| 2021-01-31 | $21.87 | $17.65 | x |
| 2022-01-31 | $20.36 | $17.65 | x |
| 2023-01-31 | $19.37 | $17.65 | x |
| 2024-01-31 | $19.16 | $17.65 | x |
| 2025-01-31 | $18.65 | $17.65 | x |
| 2026-01-31 | $18.54 | $17.65 | 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): 4.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 93.96%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.04x
- Recent ROE (4.21%) is above the historical average (3.15%), 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 |
| 2026 | 4.21% | 93.96% | 0.04x | 1.04x | $-11.66 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: $470,355,793
- Average return on equity (ROE) among peers: -2765.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance Municipal Income Term Closed Fund (ETX) | $201.26 Million | 5.53% | 0.04x | $192.32 Million |
| Acadian Asset Management Inc (AAMI) | $384.40 Million | 74.58% | 2.59x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.26 Billion | 17.77% | 0.01x | $3.29 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $112.30 Million | -188.33% | 0.07x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $320.05 Million | 6.55% | 0.46x | $78.90 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $10.54 Million | -122.10% | 1.07x | $194.14 Million |
| Alpha Compute Corp (ALP) | $3.06K | -27347.58% | 41.39x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $323.79 Million |
| Amber International Holding Limited (AMBR) | $41.25 Million | -93.79% | 2.97x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $655.56 Million | 9.23% | 1.32x | $9.52 Billion |
About 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