Eaton Vance Municipal Income Closed Fund Net Assets
Eaton Vance Municipal Income Closed Fund net assets. Based on the latest financial reports, Eaton Vance Municipal Income Closed Fund (EVN) has net assets worth $431.03 Million USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($668.01 Million) and total liabilities ($236.99 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. Also explore Eaton Vance Municipal Income Closed Fund equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $431.03 Million |
| % of Total Assets | 64.52% |
| Annual Growth Rate | 0.96% |
| 5-Year Change | -23.27% |
| 10-Year Change | 34.54% |
| Growth Volatility | 22.5 |
Net Assets of Eaton Vance Municipal Income Closed Fund (2002–2025)
Net assets of Eaton Vance Municipal Income Closed Fund from 2002 to 2025. This chart illustrates how Eaton Vance Municipal Income Closed Fund's net assets have evolved over time, based on quarterly financial data. See EVN equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Eaton Vance Municipal Income Closed Fund (2002–2025)
The table below shows the annual net assets of Eaton Vance Municipal Income Closed Fund from 2002 to 2025. For live market cap and overall valuation, see Eaton Vance Municipal Income Closed Fund (EVN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $433.11 Million | -4.79% |
| 2024-11-30 | $454.92 Million | +3.21% |
| 2023-11-30 | $440.78 Million | -1.24% |
| 2022-11-30 | $446.31 Million | -20.93% |
| 2021-11-30 | $564.42 Million | +0.74% |
| 2020-11-30 | $560.30 Million | +2.43% |
| 2019-11-30 | $546.98 Million | +81.11% |
| 2018-11-30 | $302.01 Million | -8.44% |
| 2017-11-30 | $329.86 Million | +2.47% |
| 2016-11-30 | $321.91 Million | -25.05% |
| 2015-11-30 | $429.51 Million | +0.53% |
| 2014-11-30 | $427.23 Million | +16.59% |
| 2013-11-30 | $366.45 Million | -13.76% |
| 2012-11-30 | $424.90 Million | +16.70% |
| 2011-11-30 | $364.10 Million | -1.83% |
| 2010-11-30 | $370.90 Million | +1.90% |
| 2009-11-30 | $364.00 Million | +45.54% |
| 2008-11-30 | $250.10 Million | -33.84% |
| 2007-11-30 | $378.00 Million | -6.27% |
| 2006-11-30 | $403.30 Million | +6.69% |
| 2005-11-30 | $378.00 Million | +2.89% |
| 2004-11-30 | $367.40 Million | -0.05% |
| 2003-11-30 | $367.60 Million | +5.81% |
| 2002-11-30 | $347.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eaton Vance Municipal Income 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 1148.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Eaton Vance Municipal Income Closed Fund Net Assets Breakdown (November 2025)
Eaton Vance Municipal Income Closed Fund net assets breakdown by equity component as of November 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $398.68K | 0.09% |
| Other Components | $469.39 Million | 108.38% |
| Total Equity | $433.11 Million | 100.00% |
Eaton Vance Municipal Income Closed Fund Competitors by Market Cap
The table below lists competitors of Eaton Vance Municipal Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Weave Communications Inc
NYSE:WEAV
|
$402.40 Million |
|
Jiangsu WELLE Environmental Co Ltd
SHE:300190
|
$402.44 Million |
|
LX Holdings Corp
KO:383800
|
$402.46 Million |
|
DINE S.A.B. de C.V
MX:DINEB
|
$402.51 Million |
|
Daesang Corp
KO:001680
|
$402.22 Million |
|
Simei Media Co Ltd
SHE:002712
|
$402.21 Million |
|
Shanghai Lianming Machinery Co Ltd
SHG:603006
|
$402.19 Million |
|
Boston Omaha Corp
NYSE:BOC
|
$402.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eaton Vance Municipal Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 454,919,040 to 433,107,459, a change of -21,811,581 (-4.8%).
- Net income of 423,472 contributed positively to equity growth.
- Dividend payments of 24,200,456 reduced retained earnings.
- New share issuances of 1,965,403 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $423.47K | +0.1% |
| Dividends Paid | $24.20 Million | -5.59% |
| Share Issuances | $1.97 Million | +0.45% |
| Total Change | $- | -4.79% |
Book Value vs Market Value Analysis
This analysis compares Eaton Vance Municipal Income 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: 0.93x
- 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 0.48x to 0.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-11-30 | $20.92 | $10.08 | x |
| 2003-11-30 | $21.89 | $10.08 | x |
| 2004-11-30 | $21.69 | $10.08 | x |
| 2005-11-30 | $22.16 | $10.08 | x |
| 2006-11-30 | $23.53 | $10.08 | x |
| 2007-11-30 | $21.99 | $10.08 | x |
| 2008-11-30 | $14.47 | $10.08 | x |
| 2009-11-30 | $16.18 | $10.08 | x |
| 2010-11-30 | $16.38 | $10.08 | x |
| 2011-11-30 | $15.99 | $10.08 | x |
| 2012-11-30 | $18.64 | $10.08 | x |
| 2013-11-30 | $15.69 | $10.08 | x |
| 2014-11-30 | $18.02 | $10.08 | x |
| 2015-11-30 | $18.08 | $10.08 | x |
| 2016-11-30 | $13.54 | $10.08 | x |
| 2017-11-30 | $13.95 | $10.08 | x |
| 2018-11-30 | $12.60 | $10.08 | x |
| 2019-11-30 | $13.79 | $10.08 | x |
| 2020-11-30 | $14.13 | $10.08 | x |
| 2021-11-30 | $14.23 | $10.08 | x |
| 2022-11-30 | $11.25 | $10.08 | x |
| 2023-11-30 | $11.11 | $10.08 | x |
| 2024-11-30 | $11.47 | $10.08 | x |
| 2025-11-30 | $10.86 | $10.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eaton Vance Municipal Income 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): 0.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.30%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.48x
- Recent ROE (0.10%) is below the historical average (3.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.98% | 84.00% | 0.07x | 1.00x | $-13.95 Million |
| 2003 | 10.40% | 151.13% | 0.07x | 1.00x | $1.46 Million |
| 2004 | 5.20% | 74.80% | 0.07x | 1.00x | $-17.62 Million |
| 2005 | 7.98% | 124.68% | 0.06x | 1.02x | $-7.64 Million |
| 2006 | 10.79% | 160.39% | 0.05x | 1.27x | $3.20 Million |
| 2007 | -2.04% | -29.03% | 0.06x | 1.23x | $-45.50 Million |
| 2008 | -35.83% | -374.27% | 0.08x | 1.22x | $-114.61 Million |
| 2009 | 19.53% | 293.68% | 0.05x | 1.23x | $34.70 Million |
| 2010 | 7.27% | 93.81% | 0.06x | 1.35x | $-10.13 Million |
| 2011 | 4.00% | 52.37% | 0.06x | 1.36x | $-21.84 Million |
| 2012 | 19.41% | 314.49% | 0.05x | 1.30x | $39.97 Million |
| 2013 | -11.80% | -169.20% | 0.05x | 1.31x | $-79.90 Million |
| 2014 | 18.22% | 298.76% | 0.05x | 1.33x | $35.10 Million |
| 2015 | 5.29% | 85.83% | 0.05x | 1.37x | $-20.24 Million |
| 2016 | 4.03% | 46.59% | 0.05x | 1.67x | $-19.21 Million |
| 2017 | 7.30% | 94.59% | 0.05x | 1.66x | $-8.90 Million |
| 2018 | 0.66% | 60.49% | 0.01x | 1.71x | $-28.21 Million |
| 2019 | 11.25% | 96.80% | 0.07x | 1.59x | $6.83 Million |
| 2020 | 6.35% | 94.21% | 0.04x | 1.55x | $-20.45 Million |
| 2021 | 4.75% | 92.48% | 0.03x | 1.53x | $-29.61 Million |
| 2022 | -21.50% | 0.00% | -0.14x | 1.53x | $-140.57 Million |
| 2023 | 3.02% | 88.29% | 0.02x | 1.40x | $-30.79 Million |
| 2024 | 8.08% | 81.92% | 0.07x | 1.43x | $-8.72 Million |
| 2025 | 0.10% | 2.30% | 0.03x | 1.48x | $-42.89 Million |
Industry Comparison
This section compares Eaton Vance Municipal Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $480,061,868
- Average return on equity (ROE) among peers: -14.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance Municipal Income Closed Fund (EVN) | $431.03 Million | 5.98% | 0.55x | $402.26 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $3.12 Billion |
| AllianceBernstein Holding L.P. (AB) | $214.00 Million | 32.52% | 1.62x | $3.19 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $60.56 Million | -17.39% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $69.65 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $12.33 Million | -46.28% | 0.02x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $253.09 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $164.48 Million |
| Affiliated Managers Group, Inc. (AMG) | $2.79 Billion | 4.96% | 0.89x | $9.76 Billion |
About Eaton Vance Municipal Income Closed Fund
Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home. Eaton … Read more