Eaton Vance Municipal Income 2028 Term Trust (ETX)
Company Info
| ISIN | US27829U1051 |
|---|---|
| CUSIP | 27829U105 |
| Sector | Financial Services |
| Industry | Asset Management |
| IPO Date | Mar 26, 2013 |
Highlights
| Market Cap | $200.87M |
|---|---|
| EPS (TTM) | $0.77 |
| PE Ratio | 23.96 |
| Year Range | $16.39 - $19.28 |
| Target Price | $0.32 |
| Short % | 0.19% |
| Short Ratio | 0.50 |
Share Price Chart
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Compare to other instruments
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Popular comparisons: ETX vs. CXH, ETX vs. PMM, ETX vs. VTEB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Municipal Income 2028 Term Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance Municipal Income 2028 Term Trust had a return of 10.82% year-to-date (YTD) and 12.28% in the last 12 months. Over the past 10 years, Eaton Vance Municipal Income 2028 Term Trust had an annualized return of 5.11%, while the S&P 500 had an annualized return of 11.31%, indicating that Eaton Vance Municipal Income 2028 Term Trust did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.82% | 24.72% |
| 1 month | -0.82% | 2.30% |
| 6 months | 2.00% | 12.31% |
| 1 year | 12.28% | 32.12% |
| 5 years (annualized) | 1.35% | 13.81% |
| 10 years (annualized) | 5.11% | 11.31% |
Monthly Returns
The table below presents the monthly returns of ETX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.70% | 1.91% | -0.41% | 1.96% | 1.69% | 2.39% | -0.28% | 2.04% | 0.47% | -0.86% | 10.82% | ||
| 2023 | 4.22% | -3.77% | 0.52% | 4.45% | -3.01% | -1.44% | 0.79% | -3.07% | -0.24% | -0.54% | 4.75% | -0.86% | 1.32% |
| 2022 | -4.28% | 0.80% | -0.48% | 2.51% | 0.93% | -0.94% | -1.10% | -0.68% | -7.13% | -0.29% | 0.41% | -3.81% | -13.52% |
| 2021 | -1.73% | -3.99% | -0.11% | 1.60% | 1.31% | 4.39% | 0.31% | -0.01% | -3.47% | -0.99% | 2.42% | -4.13% | -4.67% |
| 2020 | -2.14% | -1.78% | -4.56% | -1.66% | 3.66% | 1.69% | 6.23% | -0.34% | -1.61% | 1.48% | 3.49% | 6.99% | 11.31% |
| 2019 | 2.99% | 1.23% | 2.39% | 2.32% | 0.95% | -0.19% | 3.41% | 0.48% | 2.41% | -2.03% | 2.92% | 1.28% | 19.57% |
| 2018 | -4.64% | -2.33% | -0.73% | 1.28% | 2.36% | 2.17% | -0.35% | -1.59% | 1.66% | -6.27% | 7.60% | -1.88% | -3.38% |
| 2017 | 0.21% | -0.10% | 0.78% | 3.85% | 1.97% | -2.10% | 3.05% | 0.59% | -0.63% | -1.31% | -0.74% | 4.80% | 10.61% |
| 2016 | 2.98% | 3.02% | 1.81% | 0.76% | 0.61% | 7.21% | -0.32% | -0.57% | 1.63% | -7.84% | -0.35% | 1.93% | 10.68% |
| 2015 | 5.03% | -3.75% | 1.89% | -0.67% | -1.53% | -1.62% | 2.43% | 0.24% | 0.81% | 2.26% | 1.15% | 4.46% | 10.84% |
| 2014 | 9.39% | -0.93% | 0.52% | 5.18% | 3.90% | -0.46% | -0.42% | 4.14% | 0.59% | 1.78% | -0.68% | 0.98% | 26.18% |
| 2013 | -0.10% | 0.10% | -13.84% | -5.09% | -14.37% | 0.58% | 4.68% | 1.60% | -2.44% | 3.23% | -24.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ETX is 81, placing it in the top 19% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Municipal Income 2028 Term Trust (ETX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Municipal Income 2028 Term Trust provided a 4.86% dividend yield over the last twelve months, with an annual payout of $0.90 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.90 | $0.72 | $0.83 | $0.85 | $0.85 | $0.85 | $0.92 | $0.92 | $0.85 | $0.85 | $0.85 | $0.50 |
Dividend yield | 4.86% | 4.15% | 4.63% | 3.96% | 3.61% | 3.89% | 4.83% | 4.45% | 4.34% | 4.61% | 4.87% | 3.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Municipal Income 2028 Term Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.00 | $0.78 | |
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.72 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.83 |
| 2021 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2020 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2019 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2018 | $0.07 | $0.07 | $0.07 | $0.14 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.92 |
| 2017 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.14 | $0.07 | $0.07 | $0.92 |
| 2016 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2014 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2013 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Municipal Income 2028 Term Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eaton Vance Municipal Income 2028 Term Trust was 32.09%, occurring on Aug 16, 2013. Recovery took 577 trading sessions.
The current Eaton Vance Municipal Income 2028 Term Trust drawdown is 10.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.09% | May 6, 2013 | 73 | Aug 16, 2013 | 577 | Dec 1, 2015 | 650 |
| -25.18% | Dec 6, 2019 | 73 | Mar 23, 2020 | 93 | Aug 4, 2020 | 166 |
| -24.19% | Jun 30, 2021 | 584 | Oct 25, 2023 | — | — | — |
| -11.84% | Aug 23, 2016 | 59 | Nov 14, 2016 | 198 | Aug 29, 2017 | 257 |
| -9.62% | Oct 3, 2018 | 22 | Nov 1, 2018 | 55 | Jan 24, 2019 | 77 |
Volatility
Volatility Chart
The current Eaton Vance Municipal Income 2028 Term Trust volatility is 2.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of Eaton Vance Municipal Income 2028 Term Trust compared to its peers in the Asset Management industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for ETX in comparison to other companies of the Asset Management industry. Currently, ETX has a PE value of 24.0. This PE ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for ETX in comparison to other companies of the Asset Management industry. Currently, ETX has a PEG value of 0.0. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Eaton Vance Municipal Income 2028 Term Trust.
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Income Statement
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