Eaton Vance Pennsylvania Municipal Income Fund Class A is a mutual fund designed to generate current income that is exempt from regular federal, Pennsylvania state, and local taxes. The fund primarily invests in municipal securities issued by Pennsylvania state and local governments, as well as their agencies, focusing on bonds that offer favorable credit qualities and tax advantages. Managed by Eaton Vance’s experienced municipal bond team, the fund leverages a credit-focused, actively managed approach to identify and monitor investments across a range of municipal sectors. This strategy seeks to balance yield potential with ongoing credit risk assessment, aiming for stable, tax-efficient distributions. With over 100 holdings and a long track record since its inception in 1994, the fund plays a significant role for investors seeking state-specific municipal exposure and tax-exempt income, especially those residing in Pennsylvania. Regular monthly distributions, a moderate expense ratio, and careful credit oversight mark its core features, reinforcing its position in the municipal fixed income segment of the market.
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