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Upturn AI SWOT - About
Eaton Vance Municipal Income Term Closed Fund (ETX)
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Upturn Advisory Summary
03/05/2025: ETX (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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -12.71% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 198.39M USD | Price to earnings Ratio 29.87 | 1Y Target Price 0.32 |
Price to earnings Ratio 29.87 | 1Y Target Price 0.32 | ||
Volume (30-day avg) 15465 | Beta - | 52 Weeks Range 16.84 - 18.95 | Updated Date 04/2/2025 |
52 Weeks Range 16.84 - 18.95 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 4.22% | Basic EPS (TTM) 0.61 |
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 29.87 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 28.64 |
Enterprise Value - | Price to Sales(TTM) 28.64 | ||
Enterprise Value to Revenue 29.62 | Enterprise Value to EBITDA - | Shares Outstanding 10887200 | Shares Floating - |
Shares Outstanding 10887200 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 21 |
Analyst Ratings
Rating 3 | Target Price 0.32 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eaton Vance Municipal Income Term Closed Fund
Company Overview
History and Background
Eaton Vance Municipal Income Term Closed Fund was formed with the goal of providing current income exempt from federal income tax by investing primarily in municipal securities. The fund has evolved by strategically managing its portfolio to navigate changing interest rate environments and credit market conditions.
Core Business Areas
- Municipal Securities Investment: The fund invests primarily in a diversified portfolio of municipal securities, aiming for income exempt from federal income tax.
Leadership and Structure
The fund is managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management. The portfolio managers oversee the fund's investment strategy and security selection.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: A portfolio of municipal bonds offering tax-exempt income. Market share data for specific closed-end funds is not readily available, but the fund competes within the broader municipal bond fund market. Competitors include Nuveen, BlackRock, and Invesco municipal bond funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors like interest rates, credit quality of municipalities, and tax policy changes. Demand is driven by investors seeking tax-exempt income.
Positioning
Eaton Vance Municipal Income Term Closed Fund is positioned as an income-focused investment vehicle within the municipal bond space. Its competitive advantage lies in the expertise of its management team and its diversified portfolio.
Total Addressable Market (TAM)
The TAM for municipal bonds is trillions of dollars. Eaton Vance Municipal Income Term Closed Fund's positioning allows it to capture a small percentage of this TAM by focusing on income-seeking investors.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified portfolio
- Tax-exempt income
- Established brand reputation
Weaknesses
- Interest rate risk
- Credit risk of municipal issuers
- Closed-end fund structure can lead to trading at a discount to NAV
- Limited upside potential due to fixed income focus
Opportunities
- Rising demand for tax-advantaged investments
- Potential for increased municipal bond issuance
- Ability to capitalize on market inefficiencies
- Expanding distribution channels
Threats
- Rising interest rates
- Deterioration of credit quality of municipal issuers
- Changes in tax laws
- Increased competition from other fixed income products
Competitors and Market Share
Key Competitors
- Nuveen (JCE)
- BlackRock (BTT)
- Invesco (VKQ)
Competitive Landscape
Eaton Vance Municipal Income Term Closed Fund competes with other closed-end and open-end municipal bond funds. Its advantage is its established track record and experienced management. Disadvantages include potentially higher fees compared to some index-tracking funds.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends would be based on the fund's asset growth and performance over time.
Future Projections: Future projections depend on market conditions and the fund's investment strategy, typically found in analyst reports. No current projections are available.
Recent Initiatives: Recent initiatives are specific to fund management decisions and portfolio adjustments.
Summary
Eaton Vance Municipal Income Term Closed Fund provides investors with tax-exempt income through a diversified portfolio of municipal bonds. The fund benefits from an experienced management team but faces risks related to interest rates and credit quality. Its performance is highly correlated to overall market performance and is constrained by a fixed income product portfolio. Changes in tax law and competition could also potentially impact its growth trajectory.
Similar Companies
BTT
Blackrock Municipal Target Term Closed Fund
BTT
Blackrock Municipal Target Term Closed Fund
VKQ
Invesco Municipal Trust
VKQ
Invesco Municipal Trust
Sources and Disclaimers
Data Sources:
- Fund Fact Sheets
- Morningstar
- SEC Filings
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions may change.
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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