ERTS (Eaton Vance High Income 2021 Target Term Trust) on Google Finance

ERTS, an acronym for Eaton Vance High Income 2021 Target Term Trust, is a closed-end fund (CEF) that was formerly listed on major stock exchanges like the NYSE and tracked by financial platforms like Google Finance. It’s crucial to understand that ERTS no longer exists as an actively traded entity. It reached its target termination date in 2021 and was liquidated.

Before its termination, ERTS was a popular CEF that aimed to provide a high level of current income by investing primarily in high-yield corporate bonds and other debt securities. The fund had a defined termination date, which meant it was designed to liquidate its holdings and distribute the net asset value (NAV) to shareholders by a specific date – in this case, sometime in 2021.

What Google Finance Provided (When ERTS Traded):

While active, Google Finance offered investors and analysts a range of information on ERTS, including:

• Real-time or near real-time price quotes: Displaying the current trading price of ERTS shares.
• Historical price data: Charts and data tables showing the price performance of ERTS over various time periods (daily, weekly, monthly, yearly). This allowed users to analyze trends and patterns in the fund’s trading history.
• Key financial metrics: Information such as dividend yield, expense ratio, net asset value (NAV), and premium/discount to NAV. These metrics were essential for assessing the fund’s value and performance.
• News and analysis: Aggregated news articles and financial analysis reports related to ERTS, providing insights into the fund’s performance, investment strategy, and market outlook.
• Peer comparisons: Google Finance often allowed users to compare ERTS to similar CEFs, enabling them to assess its relative performance.

Why ERTS Disappeared from Google Finance:

As previously mentioned, ERTS was a target term trust. This means its investment strategy was tied to a specific timeframe. Once the target termination date passed (sometime in late 2021), the fund liquidated its assets and distributed the proceeds to shareholders. As a result, ERTS ceased to trade on the stock exchange and was subsequently removed from active tracking on Google Finance and other financial platforms. Searching for the ticker ERTS on Google Finance will likely yield no results now, or historical data only, with clear indications that the security is no longer trading.

Implications for Investors:

Investors who held ERTS shares at the time of termination received the NAV per share. Any capital gains or losses realized during the fund’s lifetime would have been subject to taxation. It’s important to remember that target term funds are designed to liquidate and return capital, which should be considered when evaluating them as investment options.

Caution: Always consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.