Overview

Historical Returns (%) as of Sep 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 Oct 22, 2021
Distribution Rate at NAV 4.30%
Taxable-Equivalent Distribution Rate at NAV 7.26%
Distribution Rate at Market Price 4.46%
Taxable-Equivalent Distribution Rate at Market Price 7.54%
 

Fund Facts

Performance Inception 08/30/2002
Investment Objective Current income
CUSIP 27827X101

Expense Ratios (%)2

as of Annual Report dated 09/30/2020
Management Fees 1.04
Other Expenses 0.09
Total Expenses (ex Interest and Fee Expense) 1.13
Interest and Fee Expense 1.05
Total Expenses 2.18
 

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 Sep 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 22.52 17.23 -8.02 23.41 6.21 0.44 6.59 0.32 11.03 7.44
Market Price 19.36 16.77 -13.98 20.77 7.45 0.73 5.96 -5.30 18.83 10.43
 

Fund Facts

Performance Inception 08/30/2002
 

Distribution Rates1

as of Oct 22, 2021
Distribution Rate at NAV 4.30%
Taxable-Equivalent Distribution Rate at NAV 7.26%
Distribution Rate at Market Price 4.46%
Taxable-Equivalent Distribution Rate at Market Price 7.54%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Oct 21, 2021 $0.04960
Sep 22, 2021 $0.04960
Aug 23, 2021 $0.04960 $13.82
Jul 22, 2021 $0.04960 $13.62
Jun 22, 2021 $0.04960 $13.61
May 20, 2021 $0.04960 $13.48
Apr 22, 2021 $0.04960 $13.45
Mar 23, 2021 $0.04960 $13.07
Feb 18, 2021 $0.04960 $13.44
Jan 21, 2021 $0.04960 $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.
 

Tax Character of Distributions

Exempt-Interest Dividends    
Non-AMT AMT Total Non-Qualified Ordinary Dividends Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2019 $0.51 $0.00 $0.51 $0.00 $0.00 $0.00 $0.51
2018 $0.55 $0.00 $0.55 $0.00 $0.00 $0.01 $0.56
2017 $0.63 $0.00 $0.63 $0.00 $0.00 $0.00 $0.63
2016 $0.70 $0.00 $0.70 $0.00 $0.00 $0.00 $0.70
2015 $0.77 $0.00 $0.77 $0.00 $0.00 $0.00 $0.77
2014 $0.77 $0.00 $0.77 $0.00 $0.00 $0.00 $0.77
2013 $0.77 $0.00 $0.77 $0.00 $0.00 $0.00 $0.77
2012 $0.78 $0.00 $0.78 $0.00 $0.00 $0.00 $0.78
2011 $0.91 $0.00 $0.91 $0.00 $0.00 $0.00 $0.91
2010 $0.91 $0.00 $0.91 $0.00 $0.00 $0.00 $0.91
2009 $0.84 $0.00 $0.84 $0.00 $0.00 $0.00 $0.84
2008 $0.78 $0.00 $0.78 $0.00 $0.00 $0.00 $0.78
2007 $0.77 $0.00 $0.77 $0.00 $0.19 $0.00 $0.96
2006 $0.79 $0.00 $0.79 $0.03 $0.30 $0.00 $1.12
2005 $0.91 $0.00 $0.91 $0.00 $0.07 $0.00 $0.98
Distributions (%)
2019 99.76% 0.16% 99.92% 0.08% 0.00% 0.00% 100.00%
2018 97.20% 0.00% 97.20% 0.00% 0.00% 2.80% 100.00%
2017 100.00% 0.00% 100.00% 0.00% 0.00% 0.00% 100.00%
2016 99.87% 0.00% 99.87% 0.13% 0.00% 0.00% 100.00%
2015 100.00% 0.00% 100.00% 0.00% 0.00% 0.00% 100.00%
2014 99.94% 0.00% 99.94% 0.06% 0.00% 0.00% 100.00%
2013 99.93% 0.00% 99.93% 0.07% 0.00% 0.00% 100.00%
2012 99.85% 0.00% 99.85% 0.15% 0.00% 0.00% 100.00%
2011 99.98% 0.00% 99.98% 0.02% 0.00% 0.00% 100.00%
2010 99.84% 0.00% 99.84% 0.16% 0.00% 0.00% 100.00%
2009 99.95% 0.00% 99.95% 0.05% 0.00% 0.00% 100.00%
2008 99.98% 0.00% 99.98% 0.02% 0.00% 0.00% 100.00%
2007 80.51% 0.00% 80.51% 0.00% 19.49% 0.00% 100.00%
2006 70.23% 0.00% 70.23% 2.83% 26.94% 0.00% 100.00%
2005 92.97% 0.00% 92.97% 0.01% 7.02% 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

Municipal Obligations by State/Territory5,6 as of Jun 30, 2021

New York 16.37
Illinois 13.84
Massachusetts 9.11
Texas 8.53
New Jersey 6.23
Washington 6.18
Pennsylvania 4.72
California 4.55
Florida 4.32
Ohio 3.94
View All
 

Fund Holdings7,8 as of Aug 31, 2021

Holding Coupon Rate Maturity Date % of Net Assets
County of MiamiDade FL 7.00% 10/01/2039 2.62%
San Joaquin Hills Transportation Corridor Agency 0.00% 01/15/2025 2.50%
City of Chicago IL 5.00% 01/01/2044 2.38%
Trustees of The College of The Holy Cross 5.25% 09/01/2032 2.24%
City of Houston TX Hotel Occupancy Tax Special Revenue 0.00% 09/01/2024 1.73%
Kane Cook DuPage Counties School District No U46 Elgin 0.00% 01/01/2022 1.63%
Delta Air Lines Inc 4.00% 10/01/2030 1.51%
Montefiore Obligated Group 4.29% 09/01/2050 1.49%
State of Illinois 4.00% 11/01/2038 1.48%
State of New York Sales Tax Revenue 5.00% 03/15/2023 1.48%
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

Cynthia J. Clemson

Cynthia J. Clemson

Vice President, Co-Director of Municipal Investments, Eaton Vance Management
Joined Eaton Vance 1985

Biography

Cynthia Clemson is a vice president of Eaton Vance Management, co-director of municipal investments and portfolio manager on Eaton Vance's municipal bond team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm's municipal bond strategies. Cindy began her career in the investment management industry with Eaton Vance in 1985.

Cindy earned a B.A. from Mount Holyoke College and an MBA from Boston University. She is a member of the Boston Municipal Analysts Forum, the CFA Society of Boston, the Municipal Bond Buyer Conference and the National Federation of Municipal Analysts.

Education
  • B.A. Mount Holyoke College
  • M.B.A. Graduate School of Management, Boston University

Experience
  • Managed Fund since 2014

 

Julie Callahan, CFA

Vice President, Portfolio Manager
Joined Morgan Stanley in 2020

Biography

Julie Callahan is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's municipal bond team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm's municipal bond strategies. She joined Eaton Vance in 2021.

Julie began her career in the investment management industry in 1996. Prior to joining Eaton Vance, she was a senior portfolio manager on the municipal team at Morgan Stanley Investment Management. Previously, she worked for PIMCO as a senior member of the municipal bond portfolio management team, served as a portfolio manager for municipal separately managed accounts at Western Asset Management Company and was a director and portfolio manager for municipal money market funds with Citigroup Asset Management.

Julie earned a B.S. in accounting from Fairfield University. She is a CFA charterholder.

Education
  • B.S. in Accounting from Fairfield University
  • Holds the Chartered Financial Analyst designation

Experience
  • Managed Fund since 2021

Other funds managed
 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Jun 30, 2021

Commentary

Download Commentary - Last updated: Jun 30, 2021

Annual Report

Download Annual Report - Last updated: Sep 30, 2020

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2020

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2021

Holdings - Form N-PORT

Download Holdings - Form N-PORT

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Jan 21, 2014

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Nov 20, 2013

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Jul 16, 2013

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Jan 24, 2011

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Nov 9, 2010

Eaton Vance Management Announces Changes to Portfolio Management Team of Certain Municipal Closed-End Funds

Download Eaton Vance Management Announces Changes to Portfolio Management Team of Certain Municipal Closed-End Funds - Last updated: Oct 1, 2021

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Oct 1, 2021

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Sep 1, 2021

UNII Report

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Aug 2, 2021

UNII Report

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Jul 1, 2021

UNII Report

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Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting Of Shareholders On July 15, 2021

Download Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting Of Shareholders On July 15, 2021 - Last updated: Jun 30, 2021

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

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UNII Report

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: May 3, 2021

UNII Report

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Distribution Dates and Amounts for Eaton Vance Closed-End Funds

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UNII Report

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Mar 1, 2021

UNII Report

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

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UNII Report

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

Download Corrected Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds - Last updated: Jan 12, 2021

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

Download Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds - Last updated: Jan 8, 2021

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Jan 4, 2021

UNII Report

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

Download Certain Eaton Vance Closed-End Funds Joint Special Meeting of Shareholders on January 7, 2021 Will Be a Virtual Meeting - Last updated: Dec 23, 2020

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Dec 1, 2020

UNII Report

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

Download Eaton Vance Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements - Last updated: Nov 10, 2020

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

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UNII Report

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

Download Eaton Vance Closed-End Funds Announce Record and Meeting Dates For Joint Special Meeting of Shareholders - Last updated: Oct 29, 2020

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Oct 1, 2020

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Sep 1, 2020

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Aug 3, 2020

Eaton Vance Municipal Bond Fund Announces Final Results Of Tender Offer

Download Eaton Vance Municipal Bond Fund Announces Final Results Of Tender Offer - Last updated: Jul 28, 2020

Eaton Vance Municipal Bond Fund Announces Preliminary Results of Tender Offer

Download Eaton Vance Municipal Bond Fund Announces Preliminary Results of Tender Offer - Last updated: Jul 27, 2020

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

Download Distribution Dates and Amounts Announce for Eaton Vance Closed-End Funds - Last updated: Jul 1, 2020

Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting of Shareholders on July 16, 2020

Download Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting of Shareholders on July 16, 2020 - Last updated: Jul 1, 2020

Eaton Vance Municipal Bond Fund Commences Tender Offer

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

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Eaton Vance Municipal Bond Fund to Conduct Tender Offer

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: May 1, 2020

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

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Mar 2, 2020

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

Download Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds - Last updated: Feb 3, 2020

Eaton Vance Municipal Bond Fund Announces Commencement of 120-Day Period In Connection With Second Conditional Tender Offer

Download Eaton Vance Municipal Bond Fund Announces Commencement of 120-Day Period In Connection With Second Conditional Tender Offer - Last updated: Jan 21, 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 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) - Last updated: Jan 2, 2020

Eaton Vance Municipal Bond Fund Announces Final Results of Tender Offer

Download Eaton Vance Municipal Bond Fund Announces Final Results of Tender Offer - Last updated: Dec 17, 2019

Eaton Vance Municipal Bond Fund Announces Preliminary Results of Tender Offer

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

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Dec 2, 2019

Eaton Vance Municipal Bond Fund Commences Tender Offer

Download Eaton Vance Municipal Bond Fund Commences Tender Offer - Last updated: Nov 14, 2019

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

Download Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds - Last updated: Nov 1, 2019

UNII Report

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Outstanding Common Shares of Eaton Vance Municipal Bond Fund (EIM)

Download Outstanding Common Shares of Eaton Vance Municipal Bond Fund (EIM) - Last updated: Mar 28, 2019

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Apr 24, 2014

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download Eaton Vance Closed-End Funds Adopt Share Repurchase Programs - Last updated: Nov 15, 2013

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

Download Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available - Last updated: Feb 4, 2013

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2021