# Eaton Vance Municipal Income Trust (EVN): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/evn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: Bond - Strategy: Actively Managed · Inception: 1999-01-27 The Eaton Vance Municipal Income Trust functions as a closed-end investment vehicle, with its management overseen by Eaton Vance Management. Its core strategy involves primarily allocating capital to high-quality municipal debt instruments. These investments are diversified across numerous public sector areas, including cogeneration, education, electric utilities, general obligations, healthcare, hospitals, housing, transportation, and nursing homes. This fund was founded in 1998 and maintains its domicile in the United States. ## Key Facts | Metric | Value | |---|---| | Price | $9.89 | | Expense Ratio | 2.46% | | Market Value | $394.7M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 6.22% | | Annual Distribution (TTM) | $0.62 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.00 – $11.26 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.0513 /share - Ex-date: 2026-10-14 - Pay date: 2026-10-26 ## Frequently Asked Questions ### What does EVN invest in? The Eaton Vance Municipal Income Trust functions as a closed-end investment vehicle, with its management overseen by Eaton Vance Management. Its core strategy involves primarily allocating capital to high-quality municipal debt instruments. These investments are diversified across numerous public sector areas, including cogeneration, education, electric utilities, general obligations, healthcare, hospitals, housing, transportation, and nursing homes. This fund was founded in 1998 and maintains its domicile in the United States. ### What is the expense ratio of EVN? Eaton Vance Municipal Income Trust (EVN) charges an expense ratio of 2.46%. This is the annual fee deducted from fund assets to cover management and operations. ### What is EVN's dividend yield? EVN's trailing-twelve-month yield is 6.22%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of EVN? Effective duration measures EVN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EVN's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of EVN? EVN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of EVN? Yield to maturity (YTM) is the total return you'd earn from EVN if every bond in the portfolio is held to maturity at the current price. EVN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does EVN pay a dividend? Yes, Eaton Vance Municipal Income Trust (EVN) distributes dividends to shareholders. The trailing-twelve-month yield is 6.22%. Full dividend history is on this page. ### How often does EVN pay dividends? Eaton Vance Municipal Income Trust pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is EVN's next ex-dividend date? The most recently announced ex-dividend date for EVN was 2026-10-14. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will EVN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.46% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does EVN charge its expense ratio? The expense ratio is deducted in tiny daily slices from EVN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does EVN cost more than a fund like VOO? EVN is actively managed (current expense ratio 2.46%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether EVN's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to EVN? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as EVN (2.46%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/evn - Distribution history: https://www.dividenddata.com/funds/evn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/evn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/evn/expenses - Peer comparison: https://www.dividenddata.com/funds/evn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.