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 3.99%
Taxable-Equivalent Distribution Rate at NAV 6.73%
Distribution Rate at Market Price 4.01%
Taxable-Equivalent Distribution Rate at Market Price 6.77%
 

Fund Facts

Performance Inception 01/29/1999
Investment Objective Current income
CUSIP 27826U108

Expense Ratios (%)2

as of Annual Report dated 11/30/2020
Management Fees 0.96
Other Expenses 0.09
Total Expenses (ex Interest and Fee Expense) 1.05
Interest and Fee Expense 0.71
Total Expenses 1.76
 

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.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.

About Risk: 

The value of investments held by the Trust may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Because the Trust may invest significantly in a particular sector, the NAV of the Trust's shares may fluctuate more than a fund with less exposure to such sector. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. The Trust's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Trust), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Trust shares may decline and/or the Trust could experience delays in the return of collateral or other assets held by the counterparty. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. The Trust may engage in other investment practices that may involve additional risks.


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 17.86 23.94 -11.99 36.67 7.39 4.13 8.40 1.32 12.01 8.43
Market Price 25.15 16.15 -17.37 37.57 9.54 -3.36 4.06 -3.78 18.02 9.73
 

Fund Facts

Performance Inception 01/29/1999
 

Distribution Rates1

as of Sep 22, 2021
Distribution Rate at NAV 3.99%
Taxable-Equivalent Distribution Rate at NAV 6.73%
Distribution Rate at Market Price 4.01%
Taxable-Equivalent Distribution Rate at Market Price 6.77%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Sep 10, 2021 $0.04770
Aug 11, 2021 $0.04770 $14.28
Jul 09, 2021 $0.04770 $14.19
Jun 10, 2021 $0.04770 $14.03
May 12, 2021 $0.04770 $13.70
Apr 09, 2021 $0.04770 $13.83
Mar 10, 2021 $0.04770 $13.39
Feb 10, 2021 $0.04770 $13.74
Jan 13, 2021 $0.04770 $13.53
Dec 10, 2020 $0.04770 $13.54
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 $0.48 $0.05 $0.53 $0.04 $0.00 $0.00 $0.57
2018 $0.48 $0.09 $0.57 $0.05 $0.00 $0.00 $0.62
2017 $0.52 $0.11 $0.63 $0.04 $0.00 $0.00 $0.67
2016 $0.59 $0.13 $0.72 $0.04 $0.00 $0.00 $0.76
2015 $0.70 $0.15 $0.85 $0.04 $0.00 $0.00 $0.89
2014 $0.71 $0.16 $0.87 $0.03 $0.00 $0.00 $0.90
2013 $0.73 $0.18 $0.91 $0.02 $0.00 $0.00 $0.93
2012 $0.71 $0.23 $0.94 $0.01 $0.00 $0.00 $0.95
2011 $0.65 $0.33 $0.98 $0.01 $0.00 $0.00 $0.99
2010 $0.59 $0.36 $0.95 $0.00 $0.00 $0.00 $0.95
2009 $0.49 $0.38 $0.87 $0.00 $0.00 $0.00 $0.87
2008 $0.47 $0.34 $0.81 $0.00 $0.00 $0.00 $0.81
2007 $0.60 $0.19 $0.79 $0.00 $0.00 $0.00 $0.79
2006 $0.68 $0.18 $0.86 $0.00 $0.00 $0.00 $0.86
2005 $0.85 $0.24 $1.09 $0.00 $0.00 $0.00 $1.09
Distributions (%)
2019 84.54% 8.62% 93.16% 6.84% 0.00% 0.00% 100.00%
2018 77.57% 13.64% 91.21% 8.79% 0.00% 0.00% 100.00%
2017 77.22% 16.27% 93.49% 6.51% 0.00% 0.00% 100.00%
2016 77.76% 17.20% 94.96% 5.04% 0.00% 0.00% 100.00%
2015 78.55% 16.98% 95.53% 4.47% 0.00% 0.00% 100.00%
2014 79.34% 17.34% 96.68% 3.32% 0.00% 0.00% 100.00%
2013 78.28% 19.39% 97.67% 2.33% 0.00% 0.00% 100.00%
2012 75.35% 23.98% 99.33% 0.67% 0.00% 0.00% 100.00%
2011 65.91% 33.17% 99.08% 0.92% 0.00% 0.00% 100.00%
2010 61.20% 38.36% 99.56% 0.44% 0.00% 0.00% 100.00%
2009 55.45% 44.14% 99.59% 0.41% 0.00% 0.00% 100.00%
2008 58.32% 41.67% 99.99% 0.01% 0.00% 0.00% 100.00%
2007 75.98% 23.62% 99.60% 0.40% 0.00% 0.00% 100.00%
2006 79.05% 20.86% 99.91% 0.09% 0.00% 0.00% 100.00%
2005 78.26% 21.58% 99.84% 0.16% 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.

About Risk: 

The value of investments held by the Trust may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Because the Trust may invest significantly in a particular sector, the NAV of the Trust's shares may fluctuate more than a fund with less exposure to such sector. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. The Trust's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Trust), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Trust shares may decline and/or the Trust could experience delays in the return of collateral or other assets held by the counterparty. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. The Trust may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Portfolio

Municipal Obligations by State/Territory5,6 as of Mar 31, 2021

New York 13.89
New Jersey 11.60
Massachusetts 8.04
Texas 7.89
California 6.89
Pennsylvania 6.67
Illinois 6.65
Michigan 6.09
Georgia 6.03
Ohio 5.97
View All
 

Fund Holdings7,8 as of Jul 31, 2021

Holding Coupon Rate Maturity Date % of Net Assets
United States Dollar 3.43%
New Jersey Transit Corp 5.00% 11/01/2044 2.41%
County of MiamiDade FL 0.00% 10/01/2037 2.19%
Alameda Corridor Transportation Authority 0.00% 10/01/2033 1.76%
County of DeKalb GA Water Sewerage Revenue 11.90% 10/01/2035 1.74%
City of Atlantic City NJ 7.50% 03/01/2040 1.72%
Leander Independent School District 0.00% 08/15/2024 1.50%
Chicago Board of Education 5.00% 12/01/2042 1.50%
Delta Air Lines Inc 4.38% 10/01/2045 1.45%
Trustees of Boston University 6.00% 05/15/2059 1.34%
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.

About Risk: 

The value of investments held by the Trust may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Because the Trust may invest significantly in a particular sector, the NAV of the Trust's shares may fluctuate more than a fund with less exposure to such sector. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. The Trust's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Trust), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Trust shares may decline and/or the Trust could experience delays in the return of collateral or other assets held by the counterparty. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. The Trust may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


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 2015

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2021

Commentary

Download - Last updated: Jun 30, 2021

Annual Report

Download - Last updated: Nov 30, 2020

Prospectus

Download - Last updated: Mar 25, 2021

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

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

Download - Last updated: Jan 24, 2011

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

Download - Last updated: Nov 9, 2010

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

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

SAI

Download - Last updated: Mar 25, 2021

Semi-Annual Report

Download - Last updated: May 31, 2021