Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Valuation
- About
Eaton Vance Municipal Income Closed Fund (EVN)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/08/2025: EVN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 26.59% | Avg. Invested days 83 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 406.59M USD | Price to earnings Ratio 11.02 | 1Y Target Price - |
Price to earnings Ratio 11.02 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.6 | 52 Weeks Range 9.59 - 11.31 | Updated Date 06/29/2025 |
52 Weeks Range 9.59 - 11.31 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.01% | Basic EPS (TTM) 0.93 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 128.84% | Operating Margin (TTM) 85.13% |
Management Effectiveness
Return on Assets (TTM) 2.4% | Return on Equity (TTM) 8.21% |
Valuation
Trailing PE 11.02 | Forward PE - | Enterprise Value 586141568 | Price to Sales(TTM) 14.24 |
Enterprise Value 586141568 | Price to Sales(TTM) 14.24 | ||
Enterprise Value to Revenue 15.2 | Enterprise Value to EBITDA - | Shares Outstanding 39667200 | Shares Floating - |
Shares Outstanding 39667200 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 20.57 |
Upturn AI SWOT
Eaton Vance Municipal Income Closed Fund
Company Overview
History and Background
The Eaton Vance Municipal Income Closed Fund (EVN) is a closed-end investment fund managed by Eaton Vance Investment Management. It was established to invest in a diversified portfolio of municipal bonds. While specific founding dates and detailed historical milestones for this particular fund are not readily available in public summaries, its existence as a closed-end municipal income fund implies a history rooted in providing tax-advantaged income to investors through municipal debt.
Core Business Areas
- Municipal Bond Investment: The fund's primary business is to invest in a diversified portfolio of municipal bonds, aiming to generate current income that is exempt from federal income tax and, for residents of the issuing states, may also be exempt from state and local income taxes. This involves selecting and managing a portfolio of bonds issued by states, municipalities, and their agencies.
Leadership and Structure
As a fund managed by Eaton Vance, the leadership and structure are overseen by Eaton Vance Investment Management's senior management and investment professionals. The fund operates under a board of trustees and adheres to the regulatory framework for closed-end investment companies.
Top Products and Market Share
Key Offerings
- Eaton Vance Municipal Income Closed Fund (EVN): This fund is the primary offering, focusing on generating tax-exempt income from municipal bonds. Market share data for individual closed-end funds is not typically disclosed in a manner that allows for direct comparison against competitors. Competitors include other closed-end municipal bond funds from firms like BlackRock, Invesco, Nuveen, and PIMCO.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rate movements, inflation expectations, and the fiscal health of state and local governments. The demand for tax-exempt income vehicles like municipal bond funds is driven by individual investors in higher tax brackets. The closed-end fund structure provides a fixed capital base, allowing managers to invest without concern for daily redemptions, but can also lead to trading at a premium or discount to net asset value (NAV).
Positioning
Eaton Vance Municipal Income Closed Fund is positioned as a provider of tax-advantaged income within the broader fixed-income market. Its competitive advantage lies in the expertise of Eaton Vance's municipal bond management team and its long-standing presence in the investment management industry.
Total Addressable Market (TAM)
The TAM for municipal bonds is substantial, representing trillions of dollars in outstanding debt. Eaton Vance Municipal Income Closed Fund aims to capture a portion of this market by attracting investors seeking tax-efficient income. Its positioning is within the niche of actively managed, closed-end municipal bond funds.
Upturn SWOT Analysis
Strengths
- Experienced investment management team at Eaton Vance.
- Focus on tax-advantaged income generation.
- Closed-end structure provides stable capital for investment.
- Diversified portfolio of municipal bonds.
Weaknesses
- Subject to interest rate risk.
- Potential for trading at a discount to NAV.
- Limited liquidity for individual investors compared to open-end funds.
- Performance is dependent on the credit quality of municipal issuers.
Opportunities
- Potential for rising interest rates to boost bond yields over the long term.
- Investor demand for tax-efficient income solutions.
- Opportunities to invest in higher-yielding, albeit potentially riskier, municipal bonds.
- Market dislocations creating undervalued municipal bonds.
Threats
- Rising interest rates can decrease bond values.
- Deterioration of municipal issuer credit quality.
- Changes in tax laws that reduce the benefit of tax-exempt income.
- Increased competition from other fixed-income products.
Competitors and Market Share
Key Competitors
- BlackRock MuniYield Quality Fund (MYQ)
- Invesco Municipal Bond Fund (IIM)
- Nuveen Municipal Value Fund (NUV)
- PIMCO High Income Fund (PHK)
Competitive Landscape
Eaton Vance Municipal Income Closed Fund competes with a wide array of other municipal bond funds, both closed-end and open-end, as well as individual bond offerings. Its advantages lie in its focus and management expertise, while disadvantages might include management fees and the potential for trading at a discount. Competitors often differentiate by credit quality focus (e.g., investment-grade vs. high-yield), duration management, or specific state-level focus.
Growth Trajectory and Initiatives
Historical Growth: The growth trajectory of EVN is primarily linked to the performance of the municipal bond market and its ability to generate income and capital appreciation for its shareholders. This would be reflected in the historical growth of its NAV and total return.
Future Projections: Future projections for EVN would be dependent on market conditions, interest rate forecasts, and the fund's investment strategy. Analyst estimates for closed-end funds are less common than for publicly traded companies.
Recent Initiatives: Specific recent strategic initiatives would be detailed in the fund's annual and semi-annual reports. These could include changes in investment strategy, portfolio adjustments, or expense ratio management.
Summary
Eaton Vance Municipal Income Closed Fund (EVN) operates in the municipal bond market, aiming to provide tax-advantaged income. Its strengths lie in its management expertise and the closed-end structure, offering stable capital. However, it faces risks from interest rate fluctuations and potential trading discounts. The fund needs to continuously adapt to changing market conditions and investor demands to maintain its competitive edge in a crowded landscape.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Eaton Vance Investor Relations (fund prospectuses, reports)
- Financial news and data providers (e.g., Morningstar, Bloomberg, Refinitiv)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions. Market share data for individual closed-end funds is not consistently reported.
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 Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1999-01-27 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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 Vance Municipal Income Trust was formed in 1998 and is domiciled in 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.