CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Eaton Vance Municipal Income 2028 Term Trust (ETX)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Dec. 14, 2018
Market Price $19.22 (+ $0.17)
NAV (Dec. 14, 2018) $20.15 (+ $0.01)
Premium / Discount -4.62% (+0.80%)
Fund Info
Inception March 26, 2013
Sponsor Eaton Vance Management
Website http://funds.eatonvanc...
Phone 1-866-328-6681
Objective: Current income exempt from regular federal income tax; municipal obligations
Capital & Leverage
Outstanding Shares 10,833,849
Total Assets (Reported: July 31, 2018) $350M
Estimated Total Assets $218M
Net Assets $218M
Market Cap $208M
Purchases Turnover 7.56%
Sales Turnover 7.81%
Total Leverage 37.20%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 2.23%
Non Lev Exp Ratio 1.07%
Rel Lev Cost 1.96%
Discount Data
Average Discount (3 Yr) -4.17%
Discount Low(3 Yr) -11.83%
Discount High(3 Yr) 0.30%
Discount Rel Range 59.48%
Comp Discount 4.94
Discount St Dev (1Yr) 1.96
Z-Stat (6mo) -0.65
Z-Stat (1Yr) -0.41
Z-Stat (3Yr) -0.19
Comp Z-Stat (6mo) 0.02
Comp Z-Stat (3Yr) 1.33
Distribution Data
Market Yield 4.43%
Income Yield 4.43%
Lev Adj NAV Yield 3.08%
Distribution Frequency M
Current Distribution $0.071
Current Income $0.071
Ex-Date 12/21/18
Payable Date 12/31/18
Div Growth (3yr) 0.09%
Dividend Change 0.1% on 12/1/16
Expected Div 1/2/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $549
Avg Volume 30 day 32,330
Avg Volume 90 day 28,538
Volume Trend 13.29%
Comp Volume Trend 2.90%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): MHD 45.0%
NAV - Price Correlation (30 d) 75.5%
NAV - Price Correlation (90 d) 53.9%
NAV - Price Correlation (1 Yr) 69.9%
Price St Dev (1Yr) 12.0%
NAV St Dev (1Yr) 2.8%
Earnings / Share (10/31/18) $0.062
Earn Coverage 87.02%
Earnings Trend Down
UNII / Share (10/31/18) $0.167
Rel UNII 19.65
UNII Trend Down
Bond Specific Data
Maturity 11.70
Duration 5.40
Credit Rating (rbo) A
Investment Grade 84.30%
Non Investment Grade 8.40%
Unrated Bonds 7.40%
Average Bond Price 101.24
Discount vs Price -3.38
Coupon 5.58%
Zero Coupon 19.75%
AMT 13.00%
AMT Yield 4.27%
Bond Calls Risk 5.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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