Eaton Vance High Income Municipal ETF

Frequently Asked Questions About EVYM

What does EVYM invest in?

EVYM is an actively managed exchange-traded fund primarily invested in U.S. municipal bonds that are exempt from federal income tax. The fund largely concentrates its holdings in high-yield debt instruments, though it also has the flexibility to include municipal securities with lower investment-grade ratings. Up to 20% of its assets may be allocated to other debt types, including taxable municipal bonds, U.S. Treasuries, and obligations issued by the U.S. government, its agencies, or instrumentalities. Typically, the fund acquires municipal bonds with maturities of ten years or more, but it retains the option to invest in shorter-term securities. The advisor places considerable importance on assessing the creditworthiness of issuers, utilizing ratings provided by credit agencies to guide investment and divestment decisions. Environmental, Social, and Governance (ESG) factors that could influence an obligation's performance are also taken into account.

What is the expense ratio of EVYM?

Eaton Vance High Income Municipal ETF (EVYM) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is EVYM's dividend yield?

EVYM's trailing-twelve-month yield is 5.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of EVYM?

Effective duration measures EVYM's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EVYM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of EVYM?

EVYM'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 EVYM?

Yield to maturity (YTM) is the total return you'd earn from EVYM if every bond in the portfolio is held to maturity at the current price. EVYM'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.