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Typically, this fund commits a minimum of 80% of its total assets (inclusive of any capital acquired through borrowing for investment) to municipal bonds that generate interest exempt from regular federal income tax. The portfolio also maintains the flexibility to allocate up to 20% of its assets to other debt instruments. These may include, but are not limited to, taxable municipal obligations, U.S. Treasury securities, and various debt issued by the U.S. government, its agencies, and instrumentalities.
Is EVIM's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Investors increasingly seek refuge in bonds at the end of the first quarter as economic uncertainty grows. With recession and inflation risks on the rise, bonds hold strong appeal for their low correlations to equities.
Fixed income investors may wish to consider opting for amplified municipal bond exposure in their portfolios through muni bond etfs. A recent article from members of the Eaton Vance team breaks down some of the upcoming opportunities for muni bond etfs.
When it comes to navigating fixed income durations, many investors have stuck to shorter-duration bonds for now. However, opportunity may be knocking to move to a longer portfolio.
When it comes to building a fixed income portfolio as of late, much of the attention from investors has been focused on short duration bonds, and for good reason. That being said, there's still a good case to be made for intermediate duration bond exposure.
Rate cut expectations and a bout of equity market turbulence have led muni bonds and related ETFs to perk up. That's good news for conservative income investors.