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Eaton Vance Municipal Income Term Closed Fund (ETX)
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Upturn Advisory Summary
01/09/2026: ETX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0.32
1 Year Target Price $0.32
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.49% | Avg. Invested days 91 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 201.76M USD | Price to earnings Ratio 30.88 | 1Y Target Price 0.32 |
Price to earnings Ratio 30.88 | 1Y Target Price 0.32 | ||
Volume (30-day avg) 1 | Beta - | 52 Weeks Range 16.88 - 19.84 | Updated Date 01/9/2026 |
52 Weeks Range 16.88 - 19.84 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.6 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) -646.55% |
Valuation
Trailing PE 30.88 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 29.68 |
Enterprise Value - | Price to Sales(TTM) 29.68 | ||
Enterprise Value to Revenue 30.67 | Enterprise Value to EBITDA - | Shares Outstanding 10888426 | Shares Floating - |
Shares Outstanding 10888426 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 22.2 |
Upturn AI SWOT
Eaton Vance Municipal Income Term Closed Fund
Company Overview
History and Background
Eaton Vance Municipal Income Term Closed Fund (EVMI) is a closed-end investment fund established in 2007. Its primary objective is to provide current income exempt from regular federal income tax and potentially from state and local income taxes. The fund aims to achieve this by investing in a diversified portfolio of municipal securities.
Core Business Areas
- Municipal Bond Investment: The fund's core business is investing in and managing a portfolio of municipal bonds, seeking to generate tax-exempt income for shareholders. This includes bonds issued by states, counties, cities, and other political subdivisions, as well as certain other tax-exempt obligations.
Leadership and Structure
As a closed-end fund, it is managed by an investment advisor, which historically has been Eaton Vance Management (part of Morgan Stanley Investment Management). The fund operates under a board of trustees or directors who oversee its management and operations.
Top Products and Market Share
Key Offerings
- Eaton Vance Municipal Income Term Closed Fund (EVMI): The primary offering is shares in the closed-end fund itself, which is traded on an exchange. Investors purchase shares to gain exposure to a diversified portfolio of tax-exempt municipal bonds. Market share data for individual closed-end funds is difficult to pinpoint definitively as it's based on market capitalization and trading volume. Competitors in the municipal bond fund space include other closed-end funds and open-end mutual funds managed by firms like BlackRock, Vanguard, Nuveen, and PIMCO.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rate movements, credit quality of issuers, and tax policy. As a closed-end fund, EVMI operates in a segment of the broader asset management industry focused on providing specialized investment vehicles. The demand for tax-exempt income is particularly strong among higher-income investors.
Positioning
Eaton Vance Municipal Income Term Closed Fund is positioned as a provider of tax-exempt income through a diversified portfolio of municipal securities. Its competitive advantages often lie in its investment management expertise, diversification, and the potential for enhanced yields through leverage (if employed).
Total Addressable Market (TAM)
The TAM for municipal bonds is vast, representing hundreds of billions of dollars in outstanding debt. The TAM for municipal bond funds, including closed-end funds, is also substantial, encompassing trillions of dollars in assets under management across various fund structures. EVMI targets a segment of this market focused on investors seeking tax-exempt income.
Upturn SWOT Analysis
Strengths
- Tax-exempt income potential
- Diversified portfolio of municipal bonds
- Professional management by experienced investment firm
- Potential for trading at a discount to Net Asset Value (NAV)
Weaknesses
- Interest rate sensitivity
- Credit risk of municipal issuers
- Closed-end structure can lead to trading at a premium or discount to NAV
- Leverage risk (if applicable)
Opportunities
- Favorable tax policy changes
- Opportunities to invest in higher-yielding municipal bonds
- Potential for NAV growth through capital appreciation of bond holdings
- Investor demand for tax-efficient income streams
Threats
- Rising interest rates increasing borrowing costs for issuers and decreasing bond values
- Deterioration of municipal issuer credit quality
- Changes in tax laws impacting the attractiveness of tax-exempt income
- Increased competition from other investment vehicles
Competitors and Market Share
Key Competitors
- Nuveen AMT-Free Municipal Credit Opportunities Fund (NZF)
- BlackRock Municipal 2028 Term Trust (BHK)
- Invesco Municipal Bond ETF (VOT)
- Vanguard Tax-Exempt Bond ETF (VTEB)
Competitive Landscape
EVMI competes with a wide array of other municipal bond funds, both closed-end and open-end, as well as ETFs. Its advantages might include its specific investment strategy, management team's expertise, and the potential to trade at a discount. Disadvantages could be higher expense ratios compared to ETFs or a less established track record than some larger competitors.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end fund is primarily measured by the change in Net Asset Value (NAV) per share and the total return to shareholders, including reinvested distributions. Historical performance would show trends in NAV and dividend payouts.
Future Projections: Future projections are challenging for individual closed-end funds as they depend heavily on market conditions, interest rates, and the performance of the underlying bond portfolio. Analyst projections, if available, would focus on potential yield, NAV stability, and potential for capital appreciation.
Recent Initiatives: Recent initiatives would likely focus on portfolio management strategies to navigate the current interest rate environment, managing fund expenses, and potentially engaging in share repurchase programs if trading at a significant discount to NAV.
Summary
Eaton Vance Municipal Income Term Closed Fund (EVMI) offers a specialized avenue for tax-exempt income, investing in a diversified municipal bond portfolio. Its strengths lie in professional management and tax efficiency. However, it faces risks from interest rate volatility and credit quality concerns of issuers. The fund's performance is heavily tied to market conditions and its ability to manage its portfolio effectively amidst a competitive landscape.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Eaton Vance Investor Relations
- Financial data providers (e.g., Morningstar, Bloomberg)
- SEC Filings (e.g., 10-K, N-CSR)
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions. Data and market share figures are estimates and may vary depending on the source and time period.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Eaton Vance Municipal Income Term Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 2013-03-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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 and is domiciled in the United States.
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