EVIM

Eaton Vance Intermediate Municipal Income ETF

$52.99

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Eaton Vance Intermediate Municipal Income ETF (EVIM) seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of intermediate-term municipal bonds.

Overview

ETF tracking Eaton Vance Intermediate Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-10-19

Market Cap $111.3M

Average Volume N/A

Dividend Yield 3.00%

52-Week Range $50.31 - $53.27

VWAP $53.07

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in municipal bonds with intermediate-term maturities, typically 3-10 years, to generate tax-exempt income. The portfolio is actively managed, with the goal of maintaining an average duration of 4-7 years to balance income generation and interest rate risk.

✨ Key Features

Focuses on intermediate-term municipal bonds for tax-exempt income
Actively managed portfolio to optimize yield and manage interest rate risk
Targets an average portfolio duration of 4-7 years
No expense ratio as the fund is currently not operational

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk of default or downgrade by the issuers of the municipal bonds
Liquidity risk: The potential difficulty in selling municipal bonds, especially in times of market stress
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bond interest

👤 Best For

The Eaton Vance Intermediate Municipal Income ETF may be suitable for investors seeking tax-exempt income and moderate interest rate risk, such as those in higher tax brackets who are looking to generate steady income from their portfolio.