ETX CEF — Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (ETX)

Updated November 6, 2026.

ETX is a CEF. Its distribution rate is 5.33%, its trailing-12-month yield is 5.32%. Dividend Vision Distribution Safety Score™ is 85/100 (Safe). Total return is 60.3% over the past 13.6 years, 429.5 points behind SPY at 489.8%.

ETX performance versus SPY

As of Nov 5, 2026

Total return is 60.3% over the past 13.6 years, 429.5 points behind SPY at 489.8%. Over the past year its total return — price change plus distributions reinvested — is -3.4%. Its deepest 1-year drawdown was 8.8%.

ETX key facts

Distribution Safety Score™

85 · Safe

Safety-Adjusted Yield

4.53%

Issuer

Eaton Vance

Asset type

CEF

Asset class

Fixed Income

Inception date

03/26/2013

Distribution rate

5.33%

Distribution frequency

Monthly

Trailing yield

5.32%

5-year average yield

4.58

Last close

$17.60 (as of 2026-11-06)

NAV

N/A

Premium / discount

Premium not shown · NAV date unknown

Market cap

$190,683,808

Average volume

4,370

Dividend

$0.0782

Ex-dividend date

11/16/2026

Payment date

11/30/2026

Expense ratio and AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (5.33%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.32%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Eaton Vance; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ETX risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.8%.

Who may consider ETX — and who may not

ETX may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ETX

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Frequently asked questions

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