Eaton Vance Arizona Municipal Income Fund Class A is an open-end mutual fund that primarily invests in municipal bonds issued within the state of Arizona. Its primary function is to provide shareholders with a source of current income that is generally exempt from both regular federal income tax and Arizona state personal income tax. The fund employs a credit-focused, actively managed approach, leveraging the expertise and research of one of the largest municipal bond management teams to identify attractive opportunities and manage risks in the single-state municipal market. The fund’s portfolio is diversified across a range of municipal sectors and typically emphasizes obligations with maturities of ten years or more, which can result in greater sensitivity to interest rate changes. Notably, the fund may allocate a significant portion of its assets to specific sectors such as education, healthcare facilities, housing, and utilities—reflecting key segments of Arizona’s municipal landscape. With ongoing credit monitoring and active risk management, the fund aims to maintain a high credit quality portfolio while seeking relative value and tax-exempt income for investors. Its significance in the market stems from serving the tax-advantaged income needs of Arizona-based residents and investors seeking exposure to the state’s municipal debt markets.
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