Overview

Historical Returns (%) as of Jun 30, 2021

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 and includes management fees and other expenses. 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 ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.
 

Distribution Rates1

as of Sep 22, 2021
Distribution Rate at NAV 3.84%
Taxable-Equivalent Distribution Rate at NAV 8.36%
Distribution Rate at Market Price 3.99%
Taxable-Equivalent Distribution Rate at Market Price 8.68%
 

Fund Facts

Performance Inception 01/29/1999
Investment Objective Current income
CUSIP 27826F101

Expense Ratios (%)2

as of Annual Report dated 11/30/2020
Management Fees 0.94
Other Expenses 0.15
Total Expenses (ex Interest and Fee Expense) 1.09
Interest and Fee Expense 0.68
Total Expenses 1.77
 

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 numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. 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. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

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

Historical Returns (%) as of Jun 30, 2021

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 and includes management fees and other expenses. 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 ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.
 

Calendar Year Returns (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV 18.76 17.39 -6.40 20.74 5.55 1.32 5.42 -0.12 11.82 7.64
Market Price 20.59 16.04 -16.17 23.74 7.72 -3.65 2.79 -5.12 27.02 5.88
 

Fund Facts

Performance Inception 01/29/1999
 

Distribution Rates1

as of Sep 22, 2021
Distribution Rate at NAV 3.84%
Taxable-Equivalent Distribution Rate at NAV 8.36%
Distribution Rate at Market Price 3.99%
Taxable-Equivalent Distribution Rate at Market Price 8.68%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Sep 10, 2021 $0.04710
Aug 11, 2021 $0.04710 $14.07
Jul 09, 2021 $0.04710 $13.93
Jun 10, 2021 $0.04710 $13.78
May 12, 2021 $0.04710 $13.60
Apr 09, 2021 $0.04710 $13.42
Mar 10, 2021 $0.04710 $13.07
Feb 10, 2021 $0.04710 $13.82
Jan 13, 2021 $0.04710 $13.58
Dec 10, 2020 $0.04710 $13.36
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
 

Tax Character of Distributions

Exempt-Interest Dividends    
Non-AMT AMT Total Non-Qualified Ordinary Dividends Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2019 $0.46 $0.01 $0.48 $0.05 $0.00 $0.00 $0.53
2018 $0.43 $0.01 $0.44 $0.03 $0.00 $0.00 $0.47
2017 $0.45 $0.01 $0.46 $0.03 $0.00 $0.00 $0.49
2016 $0.54 $0.03 $0.57 $0.02 $0.00 $0.00 $0.59
2015 $0.66 $0.05 $0.71 $0.02 $0.00 $0.00 $0.73
2014 $0.69 $0.06 $0.75 $0.00 $0.00 $0.00 $0.75
2013 $0.73 $0.06 $0.79 $0.00 $0.00 $0.00 $0.79
2012 $0.75 $0.08 $0.83 $0.00 $0.00 $0.00 $0.83
2011 $0.77 $0.12 $0.89 $0.00 $0.00 $0.00 $0.89
2010 $0.75 $0.13 $0.88 $0.00 $0.00 $0.00 $0.88
2009 $0.68 $0.12 $0.80 $0.00 $0.00 $0.00 $0.80
2008 $0.60 $0.07 $0.67 $0.00 $0.00 $0.00 $0.67
2007 $0.61 $0.06 $0.67 $0.00 $0.00 $0.00 $0.67
2006 $0.68 $0.05 $0.73 $0.00 $0.00 $0.00 $0.73
2005 $0.80 $0.07 $0.87 $0.00 $0.00 $0.00 $0.87
Distributions (%)
2019 87.07% 2.65% 89.72% 10.28% 0.00% 0.00% 100.00%
2018 91.38% 2.19% 93.57% 6.43% 0.00% 0.00% 100.00%
2017 91.62% 3.19% 94.81% 5.19% 0.00% 0.00% 100.00%
2016 90.74% 5.48% 96.22% 3.78% 0.00% 0.00% 100.00%
2015 90.74% 6.83% 97.57% 2.43% 0.00% 0.00% 100.00%
2014 92.17% 7.78% 99.95% 0.05% 0.00% 0.00% 100.00%
2013 91.88% 7.95% 99.83% 0.17% 0.00% 0.00% 100.00%
2012 89.81% 10.19% 100.00% 0.00% 0.00% 0.00% 100.00%
2011 86.58% 13.36% 99.94% 0.06% 0.00% 0.00% 100.00%
2010 84.55% 15.27% 99.82% 0.18% 0.00% 0.00% 100.00%
2009 86.00% 13.98% 99.98% 0.02% 0.00% 0.00% 100.00%
2008 89.37% 10.63% 100.00% 0.00% 0.00% 0.00% 100.00%
2007 91.56% 8.44% 100.00% 0.00% 0.00% 0.00% 100.00%
2006 92.48% 7.52% 100.00% 0.00% 0.00% 0.00% 100.00%
2005 92.23% 7.77% 100.00% 0.00% 0.00% 0.00% 100.00%

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 numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. 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. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

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

Fund Holdings5,6 as of Jul 31, 2021

Holding Coupon Rate Maturity Date % of Net Assets
FoothillEastern Transportation Corridor Agency 0.00% 01/01/2026 4.73%
Sweetwater Union High School District 0.00% 08/01/2025 4.29%
Alameda Corridor Transportation Authority 0.00% 10/01/2029 4.22%
Alameda Corridor Transportation Authority 0.00% 10/01/2031 3.63%
LAX Integrated Express Solutions LLC 5.00% 12/31/2043 3.48%
Loyola Marymount University 4.84% 10/01/2048 3.19%
City of Palo Alto CA 5.00% 08/01/2040 3.08%
Tender Option Bond Trust ReceiptsCertificates 19.29% 08/01/2047 2.91%
Vacaville Unified School District 4.00% 08/01/2045 2.74%
Loma Linda University Medical Center Obligated Group 6.00% 12/01/2024 2.72%
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 numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. 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. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

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.


Management

Craig R. Brandon, CFA

Craig R. Brandon, CFA

Vice President, Co-Director of Municipal Investments, Eaton Vance Management
Joined Eaton Vance 1998

Biography

Craig Brandon is a vice president of Eaton Vance Management, co-director of municipal investments and portfolio manager on Eaton Vance’s municipal bond team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s municipal bond strategies. He joined Eaton Vance in 1998.

Craig began his career in the investment management industry in 1995. He has experience with Eaton Vance across a variety of research roles. Before joining Eaton Vance, he was a senior budget and capital finance analyst with the New York State Assembly Ways and Means Committee.

Craig earned a B.S. from Canisius College and an MBA from the University of Pittsburgh. He is a member of the CFA Society of Boston, the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. He is a CFA charterholder.

Education
  • B.A. Canisius College
  • M.B.A. Joseph M. Katz Graduate School of Business, University of Pittsburgh

Experience
  • Managed Fund since 2014

 

Trevor G. Smith

Vice President, Eaton Vance Management
Joined Eaton Vance 2010

Biography

Trevor Smith is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's municipal bond team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's municipal bond strategies. He joined Eaton Vance in 2010.

Trevor began his career in the investment management industry in 2008. Before joining Eaton Vance, he was a municipal research analyst at Lord, Abbett & Co. He was also affiliated with Financial Security Assurance and the City of Aspen Finance Department.

Trevor earned a B.A. from Middlebury College and an MBA, with high honors, from Boston University. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.

Education
  • B.A. Middlebury College
  • M.B.A. Boston University

Experience
  • Managed Fund since 2019

Other funds managed
 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2021

Annual Report

Download - Last updated: Nov 30, 2020

Q1 Holdings

Download - Last updated: Feb 28, 2021

Q3 Holdings

Download - Last updated: Aug 31, 2020

Holdings - Form N-PORT

Download

Auction Preferred Shares Market Update

Download - Last updated: Sep 29, 2020

Information Concerning IMTP Coverage and Leverage Percentages

Download - Last updated: Sep 30, 2018

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available

Download - Last updated: Jan 21, 2014

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available

Download - Last updated: Nov 20, 2013

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available

Download - Last updated: Jul 16, 2013

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 1, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 2, 2021

UNII Report

Download - Last updated: Jul 31, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 1, 2021

UNII Report

Download - Last updated: Jun 30, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2021

UNII Report

Download - Last updated: May 31, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 3, 2021

UNII Report

Download - Last updated: Apr 30, 2021

Distribution Dates and Amounts for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2021

UNII Report

Download - Last updated: Mar 31, 2021

Certain Eaton Vance Closed-End funds Announce Telephonic Annual Meeting of Shareholders on March 18, 2021

Download - Last updated: Mar 8, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2021

UNII Report

Download - Last updated: Feb 28, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2021

UNII Report

Download - Last updated: Jan 31, 2021

Corrected Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds

Download - Last updated: Jan 12, 2021

Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds

Download - Last updated: Jan 8, 2021

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jan 4, 2021

UNII Report

Download - Last updated: Dec 31, 2020

Certain Eaton Vance Closed-End Funds Joint Special Meeting of Shareholders on January 7, 2021 Will Be a Virtual Meeting

Download - Last updated: Dec 23, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 1, 2020

UNII Report

Download - Last updated: Nov 30, 2020

Eaton Vance Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements

Download - Last updated: Nov 10, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Nov 2, 2020

UNII Report

Download - Last updated: Oct 31, 2020

Eaton Vance Closed-End Funds Announce Record and Meeting Dates For Joint Special Meeting of Shareholders

Download - Last updated: Oct 29, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2020

UNII Report

Download - Last updated: Sep 30, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 1, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 3, 2020

Distribution Dates and Amounts Announce for Eaton Vance Closed-End Funds

Download - Last updated: Jul 1, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 2, 2020

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Feb 3, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds and Portfolio Managers of Eaton Have High Income 2021 Target Term Trust (NYSE: EHT)

Download - Last updated: Jan 2, 2020

Eaton Vance Adds Portfolio Managers for Certain Closed-End Funds

Download - Last updated: Dec 16, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 2, 2019

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2019

UNII Report

Download - Last updated: Oct 31, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2019

Eaton Vance Municipal Income Closed End Funds Announce Extension of Auction Preferred Shares Tender Offers

Download - Last updated: Feb 16, 2016

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available

Download - Last updated: Apr 24, 2014

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available

Download - Last updated: Feb 4, 2013

Semi-Annual Report

Download - Last updated: May 31, 2021