Eaton Vance High Income Municipal Bond Fund (EVYM)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
EVYM Chart
Eaton Vance High Income Municipal Bond Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 41,977 | $2.14M | $2.11M | -$28,963.14 | -1.35% |
 Christopher C. Powers Farther Finance Advisors, LLC | 1,122 | $57,165 | $55,909.26 | -$1,255.74 | -2.2% |
Eaton Vance High Income Municipal Bond Fund (EVYM) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Eaton Vance High Income Municipal Bond Fund ever had a stock split?
Eaton Vance High Income Municipal Bond Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
EVYM is an actively managed fund that specializes in US municipal obligations, which are exempt from regular federal income tax. The fund emphasizes investment in high-yield securities, while also having the flexibility to explore lower investment grade ratings. To enhance diversification, up to 20% of the fund's assets may be allocated to other debt obligations, such as taxable municipal obligations, US Treasuries, and obligations from the US government and its associated agencies or instrumentalities. Typically, the fund focuses on acquiring municipal obligations with maturities extending ten years or more; however, it is also open to purchasing securities with shorter maturities depending on market conditions. The adviser carefully evaluates the creditworthiness of each issuer, taking into account ratings provided by recognized rating agencies, while also integrating ESG (Environmental, Social, and Governance) factors that could impact the performance of specific obligations.
Products and Services
- High-Yield Securities Investment
The primary focus of EVYM is on high-yield securities, which present the potential for higher returns compared to traditional investment-grade assets. These securities typically belong to issuers with lower credit ratings but can yield attractive income opportunities.
- Lower Investment Grade Securities
In addition to high-yield securities, the fund has the option to invest in lower investment-grade securities. This approach allows the fund to diversify its portfolio and capture potential value from issuers that may be overlooked due to their credit ratings.
- Debt Obligations
EVYM may invest up to 20% of its assets in various other debt obligations. This includes taxable municipal obligations, US Treasury securities, and obligations from the US government, aiding in risk management and income generation through a broader spectrum of debt instruments.
- Long-Term Municipal Obligations
The fund primarily acquires municipal obligations with maturities of ten years or more. This long-term investment strategy allows the fund to benefit from stability in interest rates and the compounding of returns over an extended period.
- Shorter Maturity Securities
While the dominant focus is on long-term securities, EVYM remains flexible, permitting the acquisition of shorter maturity obligations based on market conditions. This responsiveness ensures that the fund can adapt to changing financial landscapes.
- Creditworthiness Assessment
The adviser plays a critical role in ensuring the fund's success by thoroughly assessing the creditworthiness of issuers. Utilizing ratings from established agencies, the adviser identifies potential risks and rewards associated with each investment decision.
- ESG Factors Integration
EVYM acknowledges the importance of ESG factors in its investment decision-making process. The adviser evaluates how these factors can affect the performance of obligations, ensuring a responsible and sustainable investment approach.
