EVYM

Eaton Vance High Income Municipal ETF

$49.88

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Eaton Vance High Income Municipal ETF (EVYM) seeks to provide a high level of current income exempt from regular federal income tax.

Overview

ETF tracking Eaton Vance High Income Municipal ETF

Category Municipal Bonds

Issuer Other

Inception Date 2025-02-27

Market Cap $41.9M

Average Volume N/A

Dividend Yield 2.97%

52-Week Range $47.35 - $50.41

VWAP $49.96

Performance

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Investment Summary

📎 Investment Objective

The Eaton Vance High Income Municipal ETF (EVYM) seeks to provide a high level of current income exempt from regular federal income tax.

🎯 Investment Strategy

The fund invests primarily in municipal bonds and other municipal instruments. It focuses on high-yield municipal securities to generate attractive tax-exempt income for investors.

✨ Key Features

Invests in a diversified portfolio of municipal bonds, with a focus on high-yield securities
Aims to provide tax-exempt income for investors in higher tax brackets
Actively managed by an experienced municipal bond investment team
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 exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: The municipal bond market can be less liquid than other fixed income markets, which may impact the fund's ability to sell holdings
Tax risk: Changes in tax laws or adverse determinations by tax authorities could affect the tax-exempt status of the fund's investments

👤 Best For

The Eaton Vance High Income Municipal ETF may be suitable for investors seeking tax-exempt income, particularly those in higher tax brackets, who have a medium to long-term investment horizon and can tolerate the risks associated with investing in high-yield municipal bonds.