Eaton Vance Municipalome 2028 Term Trust (Eaton Vance Municipalome 2028 Term Trust) GF Value Rank : 1 (As of Jun. 04, 2024)

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What is Eaton Vance Municipalome 2028 Term Trust GF Value Rank?

Eaton Vance Municipalome 2028 Term Trust has the GF Value Rank of 1.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Eaton Vance Municipalome 2028 Term Trust's GF Value Rank

For the Asset Management subindustry, Eaton Vance Municipalome 2028 Term Trust's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eaton Vance Municipalome 2028 Term Trust's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Municipalome 2028 Term Trust's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Eaton Vance Municipalome 2028 Term Trust's GF Value Rank falls into.

Eaton Vance Municipalome 2028 Term Trust GF Value Rank Related Terms

Thank you for viewing the detailed overview of Eaton Vance Municipalome 2028 Term Trust's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance Municipalome 2028 Term Trust (Eaton Vance Municipalome 2028 Term Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two International Place, Suite 1400, Boston, MA, USA, 02110

Website

https://www.eatonvance.com

Eaton Vance Municipal Income 2028 Term Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. The fund invests in various sectors such as a bond bank, education, housing, electric utilities, transportation, and others.

Executives

Kenneth A Topping	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda	officer: Officer	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser	other: Trustee	WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Julie P Callahan	other: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh	officer: Vice President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Craig R Brandon	other: Portfolio Manager	255 STATE STREET, BOSTON MA 02109
Mark R Fetting	other: Trustee	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202

Eaton Vance Municipalome 2028 Term Trust (Eaton Vance Municipalome 2028 Term Trust) Headlines

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Eaton Vance Municipal Income 2028 Term Trust Announces Telephonic Annual Meeting Of Shareholders On November 12, 2021

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