Overview

Historical Returns (%) as of Jun 30, 2019

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 Aug 20, 2019
Distribution Rate at NAV 4.43%
Taxable-Equivalent Distribution Rate at NAV 7.48%
Distribution Rate at Market Price 4.24%
Taxable-Equivalent Distribution Rate at Market Price 7.16%
 

Fund Facts

Performance Inception 05/29/2009
Investment Objective Current income
CUSIP 27829L105

Expense Ratios (%)2

as of Annual Report dated 03/31/2019
Management Fees 0.66
Other Expenses 0.10
Total Expenses (ex Interest and Fee Expense) 0.76
Interest and Fee Expense 0.22
Total Expenses 0.98
 

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, 2019

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 (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fund at NAV 1.40 11.49 14.47 -4.83 17.44 4.35 0.87 5.99 0.68
Market Price 6.41 16.44 11.22 -12.15 19.77 7.19 2.65 14.17 -12.81
 

Fund Facts

Performance Inception 05/29/2009
 

Distribution Rates1

as of Aug 20, 2019
Distribution Rate at NAV 4.43%
Taxable-Equivalent Distribution Rate at NAV 7.48%
Distribution Rate at Market Price 4.24%
Taxable-Equivalent Distribution Rate at Market Price 7.16%
 

Distribution History3

Ex-Date Distribution Reinvest Price
Jul 23, 2019 $0.08090 $21.64
Jun 20, 2019 $0.08090 $21.62
May 23, 2019 $0.08090 $21.61
Apr 22, 2019 $0.08090 $21.11
Mar 20, 2019 $0.08090 $21.09
Feb 20, 2019 $0.08090 $20.80
Jan 23, 2019 $0.08590 $20.79
Dec 21, 2018 $0.08590 $19.36
Nov 21, 2018 $0.08590 $19.88
Oct 23, 2018 $0.08590 $20.67
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 ($)
2018 $0.84 $0.15 $0.99 $0.04 $0.11 $0.00 $1.14
2017 $0.85 $0.14 $0.99 $0.04 $0.12 $0.00 $1.15
2016 $0.85 $0.13 $0.98 $0.06 $0.20 $0.00 $1.24
2015 $0.86 $0.14 $1.00 $0.03 $0.00 $0.00 $1.03
2014 $0.85 $0.15 $1.00 $0.03 $0.00 $0.00 $1.03
2013 $0.86 $0.17 $1.03 $0.01 $0.00 $0.00 $1.04
2012 $0.90 $0.18 $1.08 $0.01 $0.00 $0.00 $1.09
2011 $0.97 $0.21 $1.18 $0.01 $0.00 $0.00 $1.19
2010 $1.24 $0.00 $1.24 $0.11 $0.02 $0.00 $1.37
2009 $0.70 $0.00 $0.70 $0.00 $0.00 $0.00 $0.70
Distributions (%)
2018 74.12% 12.64% 86.76% 3.80% 9.44% 0.00% 100.00%
2017 74.14% 12.00% 86.14% 3.30% 10.46% 0.00% 100.00%
2016 68.52% 10.40% 78.92% 4.94% 16.14% 0.00% 100.00%
2015 83.40% 13.27% 96.67% 3.33% 0.00% 0.00% 100.00%
2014 82.34% 15.14% 97.48% 2.52% 0.00% 0.00% 100.00%
2013 82.74% 16.44% 99.18% 0.82% 0.00% 0.00% 100.00%
2012 82.80% 16.57% 99.37% 0.63% 0.00% 0.00% 100.00%
2011 81.31% 18.15% 99.46% 0.54% 0.00% 0.00% 100.00%
2010 90.65% 0.00% 90.65% 8.26% 1.09% 0.00% 100.00%
2009 99.96% 0.00% 99.96% 0.04% 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

Municipal Obligations by State/Territory4,5 as of Jun 30, 2019

Illinois 14.86
Florida 11.21
Texas 10.79
New Jersey 10.10
New York 8.97
California 7.94
Arizona 3.64
Alabama 3.40
Georgia 3.23
North Carolina 3.22
View All
 

Fund Holdings6,7 as of Jun 30, 2019

Holding Coupon Rate Maturity Date % of Net Assets
New Jersey Transportation Trust Fund Authority 0.00% 12/15/2038 3.05%
County of MiamiDade FL 0.00% 10/01/2039 2.56%
Duke Energy Indiana LLC 6.00% 08/01/2039 2.40%
North Carolina Turnpike Authority 0.00% 01/01/2036 2.38%
San Joaquin Hills Transportation Corridor Agency 5.00% 01/15/2050 2.24%
Chicago Board of Education 5.00% 12/01/2046 2.14%
State of Illinois 4.25% 12/01/2037 1.93%
Oglethorpe Power Corp 4.13% 11/01/2045 1.88%
City of Chicago IL 5.50% 01/01/2049 1.76%
New Jersey Economic Development Authority 5.00% 06/15/2043 1.74%
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 inception

 

Literature

Literature

Fact Sheet

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Commentary

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Annual Report

Download - Last updated: Mar 31, 2019

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

UNII Report

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UNII Report

Download - Last updated: May 31, 2019

UNII Report

Download - Last updated: Apr 30, 2019

UNII Report

Download - Last updated: Mar 31, 2019

UNII Report

Download - Last updated: Feb 28, 2019

UNII Report

Download - Last updated: Jan 31, 2019

UNII Report

Download - Last updated: Dec 31, 2018

UNII Report

Download - Last updated: Nov 30, 2018

UNII Report

Download - Last updated: Oct 31, 2018

UNII Report

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UNII Report

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

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

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Eaton Vance Announces Updated Results of Closed-End Fund Share Repurchase Programs

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

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Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

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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: Feb 4, 2013

Eaton Vance National Municipal Opportunities Trust Opportunities Trust

Download - Last updated: Nov 30, 2010

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

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

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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

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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

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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

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Eaton Vance National Municipal Opportunities Trust Declares Capital Gain Distribtuion

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

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

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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

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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

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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

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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

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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 - Last updated: Jan 2, 2018

Eaton Vance National Municipal Opportunities Trust Declares Capital Gain Distributions

Download - Last updated: Dec 11, 2017

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

Download - Last updated: Dec 1, 2017

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

Download - Last updated: Nov 1, 2017

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

Download - Last updated: Oct 2, 2017

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

Download - Last updated: Sep 1, 2017

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

Download - Last updated: Jan 16, 2015

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

Download - Last updated: Oct 20, 2014

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

Download - Last updated: Jul 30, 2014

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

Download - Last updated: May 1, 2013

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

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