Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI Summary - About
Eaton Vance Municipal Income Term Closed Fund(ETX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ETX
10/07/2026: ETX (1-star) is currently NOT-A-BUY. Pass it for now.
Eaton Vance Municipal Income Term Closed Fund is a specialized investment vehicle designed to provide tax-advantaged income through a portfolio of municipal bonds. The fund's strength lies in its professional management and clear, defined-term structure, which appeals to income-focused investors. Its primary investment story revolves around navigating the municipal bond market to deliver consistent, tax-efficient distributions. Investors must consider risks such as interest rate volatility, the potential for shares to trade at a discount to net asset value, and the impact of legislative changes on municipal debt. The fund is generally best suited for income-oriented investors looking for tax-efficient returns.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for income generation rather than aggressive capital appreciation. |
| Momentum investor | Weak fit | Closed-end funds are generally slow-moving assets influenced by macro-economic factors rather than technical momentum. |
| Value investor | Mixed fit | Value investors may look for opportunities when the fund trades at a significant discount to its Net Asset Value. |
| Dividend investor | Strong fit | The fund is specifically structured to provide a consistent stream of tax-exempt income. |
| Low-risk investor | Mixed fit | While municipal bonds are generally lower risk, the use of leverage and closed-end fund market volatility add risk elements. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Market prices of CEFs can fluctuate due to supply/demand imbalances, sometimes deviating from the underlying portfolio value. |
| Valuation risk | Medium | Investors face risk regarding the discount or premium at which the fund shares trade relative to NAV. |
| Competition risk (Fixed Income CEF competition) | Medium | The fund competes with many similar products, and poor performance relative to peers can lead to wider discounts. |
| Business quality | Medium | Performance relies on the asset management capabilities of Eaton Vance in navigating complex municipal markets. |
| Dividend income | Medium / high | Distributions are not guaranteed and depend on the underlying bond yields and net income generated. |
| Execution risk | Low | Portfolio management involves standard bond selection and leverage management procedures. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 8.59% | Avg. Invested days 83 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/07/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 189.05M USD | Price to earnings Ratio 30.42 | 1Y Target Price 0.32 |
Price to earnings Ratio 30.42 | 1Y Target Price 0.32 | ||
Volume (30-day avg) 28.6K shares | Beta - | 52 Weeks Range 17.11 - 19.11 | Updated Date 10/07/2026 |
52 Weeks Range 17.11 - 19.11 | Updated Date 10/07/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.57 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Management Fees | Management fees charged to the fund based on its average daily net assets. | The fund makes money primarily by charging a fee for managing the portfolio of municipal bonds. |
| Leverage Utilization | Income generated from the difference between the yield on assets and the cost of leverage. | The fund uses borrowed money to buy more bonds; it earns money when those bonds pay more interest than the cost of borrowing. |
Valuation
Trailing PE 30.42 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 21.66 |
Enterprise Value - | Price to Sales(TTM) 21.66 | ||
Enterprise Value to Revenue 22.42 | Enterprise Value to EBITDA - | Shares Outstanding 10.90M | Shares Floating - |
Shares Outstanding 10.90M | Shares Floating - | ||
Percent Insiders - | Percent Institutions 23.4 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Eaton Vance Municipal Income Term Closed Fund
Exchange NYSE | Headquarters 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.