# Eaton Vance Short Duration Municipal Income ETF (EVSM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/evsm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: Municipals - Strategy: Actively Managed · Inception: 2018-12-19 The Eaton Vance Short Duration Municipal Income ETF (EVSM) operates under an active management strategy, focusing primarily on municipal debt instruments that offer federal tax exemptions. While its typical allocation is to investment-grade municipal obligations, the fund's objective is to maintain a dollar-weighted average portfolio duration of less than three years. However, this does not preclude the inclusion of individual securities with any maturity length. The investment adviser's primary criteria for selecting securities include evaluating the credit quality of the issuer and assess... ## Key Facts | Metric | Value | |---|---| | Price | $49.82 | | Expense Ratio | 0.19% | | Assets Under Management | $1.09B | | NAV | $49.77 | | Holdings Count | 396 | | Distribution Yield (TTM) | 3.02% | | Annual Distribution (TTM) | $1.50 /share | | Distribution Frequency | Monthly | | 52-Week Range | $49.03 – $50.88 | | Beta | 0.24 | ## Latest Distribution - Amount: $0.1168 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does EVSM invest in? The Eaton Vance Short Duration Municipal Income ETF (EVSM) operates under an active management strategy, focusing primarily on municipal debt instruments that offer federal tax exemptions. While its typical allocation is to investment-grade municipal obligations, the fund's objective is to maintain a dollar-weighted average portfolio duration of less than three years. However, this does not preclude the inclusion of individual securities with any maturity length. The investment adviser's primary criteria for selecting securities include evaluating the credit quality of the issuer and assessing the bond's value proposition within the market. Furthermore, Environmental, Social, and Governance (ESG) considerations are incorporated into the decision-making process. Due to its active management approach, EVSM holds the flexibility to occasionally invest a portion of its assets in bonds that are subject to regular federal income tax, as well as in higher-yielding, non-investment grade (junk) bonds. ### What is the expense ratio of EVSM? Eaton Vance Short Duration Municipal Income ETF (EVSM) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations. ### What is EVSM's dividend yield? EVSM's trailing-twelve-month yield is 3.02%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of EVSM? Effective duration measures EVSM's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EVSM's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of EVSM? EVSM'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 EVSM? Yield to maturity (YTM) is the total return you'd earn from EVSM if every bond in the portfolio is held to maturity at the current price. EVSM'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 EVSM pay a dividend? Yes, Eaton Vance Short Duration Municipal Income ETF (EVSM) distributes dividends to shareholders. The trailing-twelve-month yield is 3.02%. Full dividend history is on this page. ### How often does EVSM pay dividends? Eaton Vance Short Duration Municipal Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is EVSM's next ex-dividend date? The most recently announced ex-dividend date for EVSM was 2026-09-30. 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 EVSM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% 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 EVSM charge its expense ratio? The expense ratio is deducted in tiny daily slices from EVSM'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 EVSM cost more than a fund like VOO? EVSM is actively managed (current expense ratio 0.19%). 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 EVSM's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to EVSM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as EVSM (0.19%) 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/evsm - Distribution history: https://www.dividenddata.com/funds/evsm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/evsm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/evsm/expenses - Peer comparison: https://www.dividenddata.com/funds/evsm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.