EVSM

Eaton Vance Short Duration Municipal Income ETF

$50.40

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Eaton Vance Short Duration Municipal Income ETF (EVSM) seeks to provide current income exempt from regular federal income tax by investing primarily in short-term municipal bonds.

Overview

ETF tracking Eaton Vance Short Duration Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-03-25

Market Cap $457.5M

Average Volume N/A

Dividend Yield 2.61%

52-Week Range $49.35 - $50.67

VWAP $50.40

Performance

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Investment Summary

📎 Investment Objective

The Eaton Vance Short Duration Municipal Income ETF (EVSM) seeks to provide current income exempt from regular federal income tax by investing primarily in short-term municipal bonds.

🎯 Investment Strategy

The fund invests in a diversified portfolio of municipal bonds with an average duration of 1-3 years. The portfolio managers aim to generate tax-exempt income while managing interest rate risk through a focus on shorter-maturity securities.

✨ Key Features

Invests in short-term municipal bonds with an average duration of 1-3 years
Seeks to provide current income exempt from regular federal income tax
Actively managed portfolio aimed at managing interest rate risk
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's investments may decline when interest rates rise
Credit risk: The fund is subject to the risk that a municipal bond issuer may default on interest or principal payments
Liquidity risk: The fund may have difficulty selling certain municipal bonds at an advantageous time and price
Tax risk: Changes in tax laws or adverse determinations by tax authorities could affect the tax-exempt status of municipal bonds

👤 Best For

The Eaton Vance Short Duration Municipal Income ETF may be suitable for investors seeking tax-exempt income and lower interest rate risk compared to longer-term municipal bond funds. It could be a good option for investors in higher tax brackets looking to generate tax-efficient returns in the short-to-intermediate term.