Eaton Vance Municipal Income 2028 Term Trust (ETX)

Competitors to Eaton Vance Municipal Income 2028 Term Trust (ETX)

BlackRock MuniYield Quality Fund 

BlackRock MuniYield Quality Fund operates within the same market segment as Eaton Vance, focusing on municipal bonds. With BlackRock’s significant resources, analytical capabilities, and extensive global reach, they are able to leverage their infrastructure to manage municipal bond portfolios more efficiently and effectively, offering potentially better returns or lower costs to investors.

Franklin Liberty Municipal Bond ETF 

Franklin Liberty Municipal Bond ETF uses an exchange-traded fund (ETF) structure to provide investors with exposure to the municipal bond market, competing directly with Eaton Vance's closed-end fund. The ETF format offers enhanced liquidity and lower expense ratios, which are attractive to cost-conscious investors. Franklin Templeton's reputation and experience in fixed-income investments also strengthen their competitive position.

Invesco Municipal Trust 

Invesco Municipal Trust focuses on diversifying its bond portfolio while also maximizing tax-free income for investors. Invesco competes with Eaton Vance by promoting similar investment strategies that target local municipalities. The firm’s use of innovative investment strategies and a strong advisory team allows them to attract investors seeking alternative options, though Eaton Vance benefits from its focused investment strategy tailored toward a defined maturity date.

Nuveen Michigan Quality Municipal Income Fund

Nuveen Michigan Quality Municipal Income Fund focuses on providing income through investing in municipal bonds in Michigan. They compete with Eaton Vance Municipal Income 2028 Term Trust by targeting a similar investor demographic looking for tax-efficient income. Nuveen’s established brand and long history in the municipal bond market provides them an edge in trust and investment education, making them a strong contender in the competitive landscape.