Eaton Vance High Yield Municipal Income Fund Class C is an open-end mutual fund designed to provide investors with high current income that is generally exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of U.S. municipal bonds that are considered below investment grade, commonly referred to as "high yield" or "junk" bonds. This approach enables the fund to seek enhanced income opportunities across various high-yield sectors, states, and credit tiers within the municipal market. The fund implements a bottom-up credit selection process, leveraging in-depth credit research and active management by a specialized municipal credit team. Its strategy focuses on identifying attractive value opportunities while managing credit risks through ongoing monitoring. Managed by experienced professionals, the fund aims to balance income generation with prudent risk management. Eaton Vance High Yield Municipal Income Fund Class C plays a key role in the municipal bond sector by offering diversified access to higher-yielding, tax-advantaged municipal securities, making it relevant for investors seeking tax-efficient income solutions within a diversified fixed income portfolio.
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