Overview
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| Annualized | |||||||
| 1 Mo. | 3 Mos. | YTD | 1 Yr. | 3 Yrs. | 5 Yrs. | 10 Yrs. | |
| Fund at NAV | -3.49 | -2.54 | -2.54 | -0.49 | 0.09 | 0.12 | 1.91 |
| Market Price | -0.84 | 2.44 | 2.44 | 3.29 | 1.99 | 1.91 | 2.10 |
| 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. | |||||||
| as of Jun 17, 2025 | |
| Distribution Rate at NAV | 5.39% |
| Taxable-Equivalent Distribution Rate at NAV | 11.75% |
| Distribution Rate at Market Price | 5.67% |
| Taxable-Equivalent Distribution Rate at Market Price | 12.35% |
| Performance Inception | 08/30/2002 |
| Investment Objective | Current income |
| CUSIP | 27828A100 |
| as of Annual Report dated 09/30/2024 | |
| Management Fees | 0.82 |
| Other Expenses | 0.12 |
| Total Expenses (ex Interest and Fee Expense) | 0.94 |
| Interest and Fee Expense | 1.46 |
| Total Expenses | 2.40 |
| Carl Thompson, CFA | Managed Fund since 2023 | ||
| Trevor G. Smith | Managed Fund since 2019 |
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
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|
|||||||
| Annualized | |||||||
| 1 Mo. | 3 Mos. | YTD | 1 Yr. | 3 Yrs. | 5 Yrs. | 10 Yrs. | |
| Fund at NAV | -3.49 | -2.54 | -2.54 | -0.49 | 0.09 | 0.12 | 1.91 |
| Market Price | -0.84 | 2.44 | 2.44 | 3.29 | 1.99 | 1.91 | 2.10 |
| 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. | |||||||
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Fund at NAV | 5.65 | -0.45 | 5.61 | 1.29 | 9.93 | 6.63 | 1.52 | -14.51 | 8.17 | 1.50 |
| Market Price | 9.32 | -1.35 | 6.25 | -9.83 | 18.54 | 8.94 | 2.96 | -22.05 | 10.32 | 5.41 |
| Performance Inception | 08/30/2002 |
| as of Jun 17, 2025 | |
| Distribution Rate at NAV | 5.39% |
| Taxable-Equivalent Distribution Rate at NAV | 11.75% |
| Distribution Rate at Market Price | 5.67% |
| Taxable-Equivalent Distribution Rate at Market Price | 12.35% |
| Ex-Date | Distribution | Reinvest Price |
| Jun 16, 2025 | $0.04170 | |
| May 15, 2025 | $0.04170 | |
| Apr 15, 2025 | $0.04170 | |
| Mar 14, 2025 | $0.04170 | |
| Feb 14, 2025 | $0.04170 | |
| Jan 15, 2025 | $0.04170 | |
| Dec 23, 2024 | $0.04170 | |
| Nov 21, 2024 | $0.04170 | |
| Oct 23, 2024 | $0.04170 | |
| Sep 20, 2024 | $0.04170 | $9.63 |
| View All | ||
| No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years. |
| Exempt-Interest Dividends | ||||||||
| Non-AMT | AMT | Total | Non-Qualified Ordinary Dividends | Capital Gain Distributions | Nondividend Distributions | Total Distributions | ||
| Distributions ($) | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | $0.28 | $0.01 | $0.29 | $0.02 | $0.00 | $0.05 | $0.36 | |
| 2022 | $0.39 | $0.01 | $0.40 | $0.02 | $0.00 | $0.01 | $0.43 | |
| 2021 | $0.48 | $0.01 | $0.48 | $0.02 | $0.00 | $0.00 | $0.50 | |
| 2020 | $0.47 | $0.00 | $0.47 | $0.01 | $0.00 | $0.00 | $0.48 | |
| 2019 | $0.44 | $0.00 | $0.44 | $0.00 | $0.00 | $0.02 | $0.47 | |
| 2018 | $0.48 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.48 | |
| 2017 | $0.58 | $0.00 | $0.58 | $0.00 | $0.00 | $0.00 | $0.58 | |
| 2016 | $0.66 | $0.00 | $0.66 | $0.00 | $0.00 | $0.00 | $0.66 | |
| 2015 | $0.68 | $0.00 | $0.68 | $0.00 | $0.00 | $0.00 | $0.68 | |
| 2014 | $0.66 | $0.00 | $0.66 | $0.00 | $0.00 | $0.00 | $0.66 | |
| 2013 | $0.65 | $0.00 | $0.65 | $0.00 | $0.00 | $0.00 | $0.65 | |
| 2012 | $0.68 | $0.00 | $0.68 | $0.00 | $0.00 | $0.00 | $0.68 | |
| 2011 | $0.84 | $0.00 | $0.84 | $0.01 | $0.00 | $0.00 | $0.85 | |
| 2010 | $0.85 | $0.00 | $0.85 | $0.00 | $0.00 | $0.00 | $0.85 | |
| 2009 | $0.80 | $0.00 | $0.80 | $0.00 | $0.00 | $0.00 | $0.80 | |
| 2008 | $0.72 | $0.00 | $0.72 | $0.00 | $0.00 | $0.00 | $0.72 | |
| 2007 | $0.73 | $0.00 | $0.73 | $0.00 | $0.23 | $0.00 | $0.96 | |
| 2006 | $0.76 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $0.76 | |
| 2005 | $0.82 | $0.00 | $0.82 | $0.00 | $0.00 | $0.00 | $0.82 | |
| Distributions (%) | ||||||||
| 2023 | 77.57% | 2.24% | 79.81% | 6.49% | 0.00% | 13.70% | 100.00% | |
| 2022 | 90.93% | 1.50% | 92.43% | 5.12% | 0.00% | 2.45% | 100.00% | |
| 2021 | 95.54% | 1.35% | 96.89% | 3.11% | 0.00% | 0.00% | 100.00% | |
| 2020 | 97.80% | 1.03% | 98.83% | 1.17% | 0.00% | 0.00% | 100.00% | |
| 2019 | 95.61% | 0.00% | 95.61% | 0.14% | 0.00% | 4.25% | 100.00% | |
| 2018 | 99.98% | 0.00% | 99.98% | 0.02% | 0.00% | 0.00% | 100.00% | |
| 2017 | 99.39% | 0.00% | 99.39% | 0.61% | 0.00% | 0.00% | 100.00% | |
| 2016 | 99.45% | 0.00% | 99.45% | 0.55% | 0.00% | 0.00% | 100.00% | |
| 2015 | 99.99% | 0.00% | 99.99% | 0.01% | 0.00% | 0.00% | 100.00% | |
| 2014 | 100.00% | 0.00% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | |
| 2013 | 99.85% | 0.00% | 99.85% | 0.15% | 0.00% | 0.00% | 100.00% | |
| 2012 | 99.93% | 0.00% | 99.93% | 0.07% | 0.00% | 0.00% | 100.00% | |
| 2011 | 99.49% | 0.00% | 99.49% | 0.51% | 0.00% | 0.00% | 100.00% | |
| 2010 | 99.93% | 0.00% | 99.93% | 0.07% | 0.00% | 0.00% | 100.00% | |
| 2009 | 99.99% | 0.00% | 99.99% | 0.01% | 0.00% | 0.00% | 100.00% | |
| 2008 | 99.92% | 0.00% | 99.92% | 0.08% | 0.00% | 0.00% | 100.00% | |
| 2007 | 76.06% | 0.00% | 76.06% | 0.00% | 23.94% | 0.00% | 100.00% | |
| 2006 | 100.00% | 0.00% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% | |
| 2005 | 100.00% | 0.00% | 100.00% | 0.00% | 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
| Holding | Coupon Rate | Maturity Date | % of Net Assets |
| Cedars-Sinai Medical Center Obligated Group | 4.00% | 08/15/2048 | 3.93% |
| San Luis Obispo County Community College District | 4.00% | 08/01/2043 | 3.78% |
| Manteca Unified School District | 5.25% | 08/01/2053 | 3.25% |
| Modesto High School District | 4.00% | 08/01/2052 | 2.86% |
| Kaiser Foundation Hospitals | 4.00% | 11/01/2044 | 2.75% |
| Ukiah Unified School District/CA | 5.50% | 08/01/2053 | 2.21% |
| Sweetwater Union High School District | 5.00% | 08/01/2052 | 2.14% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.00% | 05/01/2045 | 2.06% |
| ABC Unified School District | 4.00% | 08/01/2047 | 2.00% |
| Augusta Communities LLC | 5.25% | 05/15/2056 | 1.90% |
| 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
Carl Thompson, CFA
Executive Director, Portfolio Manager
Joined Eaton Vance 2011
Biography
Carl Thompson is a quantitative portfolio analyst on the Municipals team. He began his career in the investment industry in 2011 at Eaton Vance. Morgan Stanley acquired Eaton Vance in March 2021.
He earned a B.A. in economics from Princeton University. He holds the Chartered Financial Analyst distinction.
Education
- B.A. Princeton University
Experience
- Managed Fund since 2023
Other funds managed
Trevor G. Smith
Executive Director, Portfolio Manager
Joined Eaton Vance 2010
Biography
Trevor Smith is a portfolio manager on the Municipals Team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's municipal bond strategies. He joined Eaton Vance in 2010. Morgan Stanley acquired Eaton Vance in March 2021.
Trevor began his career in the investment management industry in 2008. Before joining Eaton Vance, he was a municipal research analyst at Lord, Abbett & Co. He was also affiliated with Financial Security Assurance and the City of Aspen Finance Department.
Trevor earned a B.A. from Middlebury College and an MBA, with high honors, from Boston University. He is a member of the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts.
Education
- B.A. Middlebury College
- M.B.A. Boston University
Experience
- Managed Fund since 2019
Other funds managed
Literature
Literature
Fact Sheet
Download Fact Sheet - Last updated: Mar 31, 2025
Report of Organizational Actions Affecting Basis of Securities
Download Report of Organizational Actions Affecting Basis of Securities - Last updated: Oct 28, 2019
Annual Report
Q1 Holdings
Q3 Holdings
Holdings - Form N-PORT
Auction Preferred Shares Market Update
Download Auction Preferred Shares Market Update - Last updated: Jun 1, 2023
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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Certain Eaton Vance Municipal Closed-End Funds Announce Distribution Updates
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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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