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 $25 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

Insights and Additional Resources


*As of 12/31/2020.

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.