Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The trust was launched by Eaton Vance in 2018 and is designed to terminate in 2028, at which time its assets will be liquidated and distributed to shareholders. As a term trust, ETX offers a defined maturity date, allowing investors to plan for an eventual wind-up of the portfolio.
The trust primarily invests in investment-grade municipal bonds issued by U.S. state and local governments, as well as their agencies and authorities. Its portfolio is structured to benefit from the tax-exempt status of municipal debt while maintaining diversification across sectors such as general obligation, revenue, and essential service bonds. By focusing on securities that mature on or before the end of 2028, ETX aims to manage interest rate risk and provide predictable cash flows through regular monthly distributions.
Portfolio management is led by Eaton Vance’s dedicated municipal bond team, drawing on decades of experience in municipal credit analysis and portfolio construction. The team conducts in-depth credit research and employs a disciplined approach to security selection, seeking to balance yield, credit quality, and duration. As part of Morgan Stanley’s Investment Management division following Eaton Vance’s 2021 acquisition, ETX benefits from global resources, risk-management capabilities, and access to a broad range of fixed-income expertise.
Serving individual and institutional investors across the United States, Eaton Vance Municipal Income 2028 Term Trust offers exposure to tax-advantaged income in a transparently managed vehicle. With its defined termination date and experienced leadership, ETX provides a structured investment solution for those seeking municipal bond income within a specified time horizon.
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