Eaton Vance High Yield Municipal Income Fund Class A is a mutual fund focused on generating high current income that is typically exempt from regular federal income tax. It primarily invests in a diverse selection of high-yield municipal bonds from various sectors, states, and credit tiers, often targeting debt obligations with maturities of ten years or longer. The fund is managed through a rigorous bottom-up investment process, with an experienced team conducting detailed credit research to identify opportunities and manage risk. This fund plays a distinct role in the fixed income market by catering to investors seeking higher yields within the municipal bond universe, often accepting greater credit and liquidity risk than investment-grade municipal funds. Its portfolio comprises hundreds of holdings and is not heavily concentrated in a handful of issuers, providing diversified exposure to the high-yield municipal sector. Managed since 1995, Eaton Vance High Yield Municipal Income Fund Class A is benchmarked against the Bloomberg Municipal Bond Index and aims to offer tax-advantaged income while serving as a tool for tax-efficient portfolio diversification and income enhancement in the broader municipal bond market.
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