Overview
| 3 Months | YTD | 1 Year | 3 Years | 5 Years | Life of Fund | |
| 4/30/2012 | ||||||
|---|---|---|---|---|---|---|
| Fund at NAV | -1.15 | 6.69 | 25.57 | 13.50 | 5.18 | 6.62 |
| Market Price | 3.79 | 13.26 | 34.53 | 12.31 | 6.24 | 7.18 |
| 3/31/2012 | ||||||
| Fund at NAV | 4.52 | 4.52 | 27.17 | 14.47 | 4.82 | 6.44 |
| Market Price | 9.50 | 9.50 | 30.07 | 16.57 | 5.68 | 6.86 |
|
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Fund's performance at market market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market price can also be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for the Fund's shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Performance less than one year is cumulative. Fund performance during certain periods reflects the strong bond market performance and/or the strong performance of bonds held during those periods. This performance is not typical and may not be repeated. Performance results reflect the effects of leverage resulting from the Fund's issuance of Auction Preferred Shares. For certain periods following the ex date of distributions paid by the Fund, returns may be calculated based on the lower of the net asset value or market price of the shares on the distribution pay date rather than the true distribution reinvestment price. |
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| Performance Inception | 11/29/2002 |
| Investment Objective | Current income |
| CUSIP | 27828K108 |
| Craig R. Brandon, CFA | Managed Fund since 2010 | ||
The information included herein does not reflect securities deemed to be held by the Fund pursuant to financial accounting standard 140 (FAS 140).
Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed–end funds, unlike open–end funds, are not continuously offered. There is a one–time public offering and once issued, shares of closed–end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.
Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.
Performance
| 3 Months | YTD | 1 Year | 3 Years | 5 Years | Life of Fund | |
| 4/30/2012 | ||||||
|---|---|---|---|---|---|---|
| Fund at NAV | -1.15 | 6.69 | 25.57 | 13.50 | 5.18 | 6.62 |
| Market Price | 3.79 | 13.26 | 34.53 | 12.31 | 6.24 | 7.18 |
| 3/31/2012 | ||||||
| Fund at NAV | 4.52 | 4.52 | 27.17 | 14.47 | 4.82 | 6.44 |
| Market Price | 9.50 | 9.50 | 30.07 | 16.57 | 5.68 | 6.86 |
|
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Fund's performance at market market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market price can also be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for the Fund's shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Performance less than one year is cumulative. Fund performance during certain periods reflects the strong bond market performance and/or the strong performance of bonds held during those periods. This performance is not typical and may not be repeated. Performance results reflect the effects of leverage resulting from the Fund's issuance of Auction Preferred Shares. For certain periods following the ex date of distributions paid by the Fund, returns may be calculated based on the lower of the net asset value or market price of the shares on the distribution pay date rather than the true distribution reinvestment price. |
||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Fund at NAV | — | 10.08 | 7.62 | 6.83 | 9.65 | -1.31 | -22.27 | 33.23 | -1.96 | 21.29 |
| Market Price | — | 10.38 | 13.74 | 3.57 | 4.40 | -10.39 | -20.74 | 55.29 | -9.86 | 18.43 |
| Performance Inception | 11/29/2002 |
| Distribution Rate at Market Price | 5.26 |
| Tax Equivalent Yield at Market Price | 8.55 |
| Ex-Date | Distribution | Reinvest NAV |
| Apr 19, 2012 | $0.07000 | $15.19 |
| Mar 21, 2012 | $0.07000 | $14.95 |
| Feb 17, 2012 | $0.07000 | $15.46 |
| Jan 20, 2012 | $0.07000 | $15.58 |
| Dec 21, 2011 | $0.07000 | $14.43 |
| Nov 21, 2011 | $0.07000 | $13.68 |
| Oct 20, 2011 | $0.07000 | $14.00 |
| Sep 21, 2011 | $0.07000 | $14.23 |
| Aug 22, 2011 | $0.07000 | $13.80 |
| Jul 20, 2011 | $0.07000 | $13.35 |
| View All | ||
| No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years. | ||
Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed–end funds, unlike open–end funds, are not continuously offered. There is a one–time public offering and once issued, shares of closed–end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.
Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.
Portfolio
| Holding | Coupon Rate | Maturity Date | Weighting |
| Commonwealth of Massachusetts | 5.50% | 08/01/2030 | 9.3623% |
| Massachusetts State College Building Authority | 0.00% | 05/01/2026 | 7.1655% |
| Massachusetts Bay Transportation Authority | 5.00% | 07/01/2035 | 5.0815% |
| Puerto Rico Public Finance Corp | 5.50% | 08/01/2027 | 5.0670% |
| Massachusetts Development Finance Agency | 6.00% | 05/15/2059 | 4.9084% |
| Marthas Vineyard Land Bank | 5.00% | 05/01/2032 | 4.7986% |
| Puerto Rico Electric Power Authority | 5.25% | 07/01/2023 | 4.7589% |
| Massachusetts Water Resources Authority | 5.25% | 08/01/2036 | 4.6527% |
| Massachusetts Health & Educational Facilities Authority | 5.50% | 07/01/2036 | 4.4971% |
| Massachusetts Health & Educational Facilities Authority | 5.38% | 08/15/2038 | 4.4734% |
| View All | |||
The information included herein does not reflect securities deemed to be held by the Fund pursuant to financial accounting standard 140 (FAS 140).
Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed–end funds, unlike open–end funds, are not continuously offered. There is a one–time public offering and once issued, shares of closed–end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.
Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.
Insights & Analysis
Quarterly Commentary
No commentary information is available.
The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.
Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed–end funds, unlike open–end funds, are not continuously offered. There is a one–time public offering and once issued, shares of closed–end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.
Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.
Attribution
No attribution information is available.
Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed–end funds, unlike open–end funds, are not continuously offered. There is a one–time public offering and once issued, shares of closed–end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.
Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.
Management
Biography
Craig R. Brandon, CFA
Vice President, Eaton Vance Management
Joined Eaton Vance 1998
Craig Brandon is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's municipal bond team.
Craig joined Eaton Vance in 1998 as a research analyst covering both high-yield and high–grade bonds. He was responsible for state and local government obligation, hospital, industrial development and tobacco-backed sectors. Prior to joining Eaton Vance, he was a senior budget and capital finance analyst with the New York State Assembly Ways and Means Committee responsible for negotiating that state's debt service budget and its various capital financing programs.
Craig earned a B.S. in finance in 1989 from Canisius College and an M.B.A. from the University of Pittsburgh in 1991. He is a CFA charterholder and is a member of the Boston Security Analysts Society, the CFA Institute, the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.
Education
- B.A. Canisius College
- M.B.A. Joseph M. Katz Graduate School of Business, University of Pittsburgh
Experience
- Managed Fund since 2010
Fund Literature
Fund Literature
Eaton Vance Combined Municipal Bond Funds Annual Meeting of Shareholders
Updated as of Apr 23, 2012
Eaton Vance Massachusetts Municipal Bond Fund Report of Earnings
Updated as of Mar 12, 2012
Eaton Vance Massachusetts Municipal Bond Fund Report of Earnings
Updated as of Jun 10, 2011
Eaton Vance Combined Municipal Bond Funds Annual Meeting of Shareholders
Updated as of Apr 25, 2011
Eaton Vance Massachusetts Municipal Bond Fund Report of Earnings
Updated as of Dec 22, 2010
Eaton Vance Combined Municipal Bond Funds Annual Meeting of Shareholders
Updated as of Jul 23, 2010
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