Partner with a leader

Eaton Vance has been managing closed-end funds (CEFs) for over 20 years, dating back to 1998. Today, the firm manages approximately $21 billion in CEF assets.* These funds offer income solutions from a wide range of strategies across major asset classes.

Important resources

Return of Capital Demystified

Understand what it means to receive a nondividend, or return of capital, distribution

Premiums and Discounts

Understanding closed-end fund premiums and discounts

UNII Report

What is UNII?

Undistributed Net Investment Income (UNII) represents the balance a closed-end fund has available beyond current income to help make future distributions. The monthly UNII report shows trends that may indicate whether a Fund is earning more or less than its current distribution level, and whether an adjustment to a Fund’s distribution rate may be required.

Download the latest information and trends for Undistributed Net Investment Income (UNII) of Eaton Vance's closed-end funds.

A broad range of closed-end funds

Distribution rates represent the latest declared regular distribution per share, annualized, relative to the most recent daily market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation. A fund's distribution may be comprised of net realized capital gains, net investment income and return of capital. It is important to understand these sources, and also the fund’s distribution rate relative to its NAV performance. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

 

Certain funds have adopted a managed distribution plan. Historical distributions from managed distributions have included realized capital gains along with net investment income, and have also included a return of capital, representing unrealized gains or paid-in capital or both.

 

Please visit the CEF Distribution Notices page for more information on fund performance and current estimates of the funds' distribution components.

 

Insights and Additional Resources


*As of 6/30/2022.

Unlike open-end mutual funds, closed-end funds have a fixed number of shares and typically trade on a stock exchange. Closed-end fund shares frequently trade at a discount to the fund's net asset value per share.