Overview
| as of May 21, 2013 | |
| Distribution Rate at NAV | 5.09% |
| Taxable-Equivalent Distribution Rate at NAV | 9.39% |
| Distribution Rate at Market Price | 5.43% |
| Taxable-Equivalent Distribution Rate at Market Price | 10.02% |
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | |
| 4/30/2013 | |||||||
|---|---|---|---|---|---|---|---|
| Fund at NAV | 2.30 | 1.52 | 2.32 | 9.63 | 10.34 | 8.31 | 5.99 |
| Market Price | 1.71 | -2.72 | 1.47 | 7.84 | 9.10 | 9.41 | 4.84 |
| 3/31/2013 | |||||||
| Fund at NAV | -1.21 | 0.01 | 0.01 | 8.73 | 10.49 | 8.27 | 5.98 |
| Market Price | -2.74 | -0.24 | -0.24 | 6.39 | 10.12 | 9.55 | 5.06 |
| Past performance is no guarantee of future results. 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution pay date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative. | |||||||
| Performance Inception | 01/29/1999 |
| Investment Objective | Current income |
| CUSIP | 27826D106 |
| William H. Ahern, Jr., CFA | Managed Fund since inception | ||
The information included herein does not reflect securities deemed to be held by the Fund pursuant to financial accounting standard 140 (FAS 140).
The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. 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. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors.
The premium/discount is calculated as [(market price/NAV)-1].
Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.
Performance
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | |
| 4/30/2013 | |||||||
|---|---|---|---|---|---|---|---|
| Fund at NAV | 2.30 | 1.52 | 2.32 | 9.63 | 10.34 | 8.31 | 5.99 |
| Market Price | 1.71 | -2.72 | 1.47 | 7.84 | 9.10 | 9.41 | 4.84 |
| 3/31/2013 | |||||||
| Fund at NAV | -1.21 | 0.01 | 0.01 | 8.73 | 10.49 | 8.27 | 5.98 |
| Market Price | -2.74 | -0.24 | -0.24 | 6.39 | 10.12 | 9.55 | 5.06 |
| Past performance is no guarantee of future results. 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution pay date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative. | |||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| Fund at NAV | 9.63 | 5.25 | 5.02 | 7.35 | -1.42 | -21.95 | 32.43 | 0.78 | 20.57 | 13.40 |
| Market Price | 20.15 | 9.31 | -12.76 | 7.87 | -6.67 | -32.32 | 59.19 | 3.19 | 21.03 | 13.13 |
| Performance Inception | 01/29/1999 |
| as of May 21, 2013 | |
| Distribution Rate at NAV | 5.09% |
| Taxable-Equivalent Distribution Rate at NAV | 9.39% |
| Distribution Rate at Market Price | 5.43% |
| Taxable-Equivalent Distribution Rate at Market Price | 10.02% |
| Ex-Date | Distribution | Reinvest Price |
| May 08, 2013 | $0.06242 | $13.61 |
| Apr 08, 2013 | $0.06242 | $13.85 |
| Mar 07, 2013 | $0.06408 | $13.38 |
| Feb 07, 2013 | $0.06408 | $14.22 |
| Jan 08, 2013 | $0.06408 | $14.45 |
| Dec 06, 2012 | $0.06408 | $14.20 |
| Nov 08, 2012 | $0.06408 | $14.40 |
| Oct 09, 2012 | $0.06408 | $14.08 |
| Sep 06, 2012 | $0.06408 | $13.92 |
| Aug 08, 2012 | $0.06408 | $13.60 |
| View All | ||
| No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years. | ||
| Exempt-Interest Dividends | |||||||||
| Non-AMT | AMT | Total | Non-Qualified Ordinary Dividends | Capital Gain Distributions | Nondividend Distributions | Total Distributions | |||
| Distributions ($) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2012 | $0.72 | $0.05 | $0.77 | $0.00 | $0.00 | $0.00 | $0.77 | ||
| 2011 | $0.75 | $0.09 | $0.84 | $0.00 | $0.00 | $0.00 | $0.84 | ||
| 2010 | $0.74 | $0.12 | $0.86 | $0.00 | $0.00 | $0.00 | $0.86 | ||
| 2009 | $0.67 | $0.12 | $0.79 | $0.00 | $0.00 | $0.00 | $0.79 | ||
| 2008 | $0.52 | $0.09 | $0.61 | $0.00 | $0.00 | $0.00 | $0.61 | ||
| 2007 | $0.56 | $0.08 | $0.64 | $0.00 | $0.00 | $0.00 | $0.64 | ||
| 2006 | $0.61 | $0.08 | $0.69 | $0.00 | $0.00 | $0.00 | $0.69 | ||
| 2005 | $0.76 | $0.09 | $0.85 | $0.00 | $0.00 | $0.00 | $0.85 | ||
| Distributions (%) | |||||||||
| 2012 | 93.32% | 6.68% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | ||
| 2011 | 89.37% | 10.63% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | ||
| 2010 | 86.20% | 13.80% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | ||
| 2009 | 85.01% | 14.88% | 99.89% | 0.11% | 0.00% | 0.00% | 100.00% | ||
| 2008 | 85.85% | 14.15% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | ||
| 2007 | 87.12% | 12.19% | 99.31% | 0.69% | 0.00% | 0.00% | 100.00% | ||
| 2006 | 88.08% | 11.81% | 99.89% | 0.11% | 0.00% | 0.00% | 100.00% | ||
| 2005 | 89.01% | 10.99% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | ||
| This data reflects distributions paid on Fund shares held for the full calendar year. Fund shareholders should refer to the individual IRS Form 1099-DIVs provided to them shortly after each year-end to determine the appropriate federal income tax treatment of the distributions they receive. Eaton Vance is not responsible for any errors in tax reporting that may result from using the above data. Exempt-interest dividends are not subject to regular federal income tax. Exempt-interest dividends derived from specified private activity bonds are subject to the alternative minimum tax (AMT). Non-qualified ordinary dividends are subject to federal income tax at ordinary rates. Capital gains distributions are taxable at long-term capital gain rates. Nondividend distributions, also known as return of capital distributions, are not subject to current federal income tax. Instead, the tax cost basis of each shareholder receiving a return of capital distribution is reduced by the amount of the distribution. | |||||||||
The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. 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. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors.
The premium/discount is calculated as [(market price/NAV)-1].
Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.
Portfolio
| Holding | Coupon Rate | Maturity Date | % of Net Assets |
| Michigan State Building Authority | 0.00% | 10/15/2030 | 6.06% |
| County of Kent MI | 5.00% | 01/01/2025 | 5.48% |
| City of Detroit MI Water Supply System Revenue | 5.00% | 07/01/2030 | 5.34% |
| Van Dyke Public Schools | 5.00% | 05/01/2038 | 4.39% |
| State of Michigan | 5.00% | 11/01/2020 | 4.02% |
| Battle Creek School District/MI | 5.00% | 05/01/2037 | 3.93% |
| Hartland Consolidated Schools | 5.25% | 05/01/2029 | 3.74% |
| Michigan State Hospital Finance Authority | 5.00% | 08/01/2035 | 3.73% |
| Michigan Finance Authority | 5.00% | 12/01/2027 | 3.71% |
| State of Michigan Trunk Line Revenue | 5.00% | 11/15/2036 | 3.70% |
| 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).
The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. 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. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors.
The premium/discount is calculated as [(market price/NAV)-1].
Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.
Insights & Analysis
Quarterly Commentary
No commentary information is available.
The information included herein does not reflect securities deemed to be held by the Fund pursuant to financial accounting standard 140 (FAS 140).
The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. 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. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors.
The premium/discount is calculated as [(market price/NAV)-1].
Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.
Attribution
No attribution information is available.
Management
Biography
William H. Ahern, Jr., CFA
Vice President, Eaton Vance Management
Joined Eaton Vance 1989
Bill Ahern is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's municipal bond team.
Bill has been in the investment management industry since 1988. He joined Eaton Vance in 1989 as an analyst in the fixed-income department and was named a portfolio manager in 1993. He was previously associated with Investors Bank & Trust from 1988 to 1989.
Bill earned a B.A. in economics from Boston College in 1981, an M.B.A. from Babson College in 1987 and an M.S. with a concentration in finance from Boston College in 1997. Bill is a CFA charterholder and is a member of the CFA Institute, the Market Technicians Association, the Boston Security Analysts Society, and the Boston Municipal Analysts Forum.
His commentary has appeared in Bloomberg,, The Bond Buyer, The Hartford Courant and Reuters Financial Report, among other publications.
Education
- B.A. and M.S. Boston College
- M.B.A. F.W. Olin Graduate School of Business, Babson College
Experience
- Managed Fund since inception
Fund Literature
Fund Literature
Holdings-1st or 3rd fiscal quarters-www.sec.gov
Fact Sheet
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- Last updated: Oct 31, 2012
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- Last updated: Sep 28, 2012
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- Last updated: Aug 31, 2012
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- Last updated: Apr 30, 2012
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- Last updated: Mar 30, 2012
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- Last updated: Mar 23, 2012
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Feb 29, 2012
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- Last updated: Jan 31, 2012
Eaton Vance Michigan Municipal Income Trust Report of Earnings
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- Last updated: Jan 31, 2012
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- Last updated: Dec 30, 2011
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- Last updated: Dec 12, 2011
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- Last updated: Nov 30, 2011
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- Last updated: Nov 3, 2011
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- Last updated: Oct 31, 2011
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- Last updated: Sep 30, 2011
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- Last updated: Aug 31, 2011
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- Last updated: Jul 29, 2011
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- Last updated: May 31, 2011
Eaton Vance Michigan Municipal Income Trust Report of Earnings
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- Last updated: May 20, 2011
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- Last updated: Apr 29, 2011
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- Last updated: Mar 31, 2011
Eaton Vance Municipal Income Trusts Annual Meeting of Shareholders
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- Last updated: Mar 25, 2011
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Feb 28, 2011
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Jan 31, 2011
Eaton Vance Michigan Municipal Income Trust Report of Earnings
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- Last updated: Jan 27, 2011
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- Last updated: Dec 31, 2010
Eaton Vance Michigan Municipal Income Trust Report of Earnings
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- Last updated: Nov 16, 2010
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- Last updated: Oct 29, 2010
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Sep 30, 2010
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Aug 31, 2010
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Jul 30, 2010
Eaton Vance Michigan Municipal Income Trust Report of Earnings
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- Last updated: Jul 28, 2010
Eaton Vance Municipal Income Trusts Declare Monthly Distributions
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- Last updated: Jun 30, 2010
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