Eaton Vance Virginia Municipal Income Fund is an open-end municipal bond mutual fund focused on single‑state exposure to Virginia issuers. Its primary purpose is to generate current income that is generally exempt from regular federal income tax and Virginia state personal income tax by investing predominantly in tax‑exempt municipal obligations across essential public sectors such as general obligation, revenue, transportation, education, and utilities. The fund employs an actively managed, credit‑focused process led by Eaton Vance’s dedicated municipal team, emphasizing fundamental credit research and ongoing monitoring to manage default and downgrade risk. Portfolio construction targets the intermediate segment of the muni market, with maturities consistent with the category’s duration profile, and normally allocates the majority of assets to investment‑grade securities while retaining flexibility for opportunistic positioning. Benchmarked to the Bloomberg Municipal Bond Index, the strategy distributes income monthly and is available in multiple share classes with differing expense structures. Within the municipal bond landscape, the fund serves investors seeking state‑specific tax efficiency and diversified exposure to Virginia’s municipal finance ecosystem, supported by the scale and resources of a large municipal bond manager.
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