Eaton Vance High Yield Municipal Income Fund Class W is a mutual fund focused on delivering high current income that is exempt from regular federal income tax. The fund primarily invests at least 80% of its net assets in municipal debt obligations issued by U.S. states, territories, or local authorities where the interest income is federally tax-exempt. It distinguishes itself by targeting high-yielding, lower-rated municipal securities with maturities generally of ten years or more, positioning the fund within the high yield, or “junk,” municipal bond sector. The fund employs a diversified, credit-focused approach managed by an experienced team, relying on rigorous bottom-up credit analysis to identify and monitor opportunities and risks. With total net assets around $1.6 billion, it maintains a portfolio spanning various sectors, states, and credit ratings, providing broad exposure to the municipal bond market while managing the higher credit and liquidity risks associated with lower-rated debt. This fund serves investors seeking tax-advantaged income and is an important vehicle for capital access for U.S. municipalities in need of funding for public projects.
Based on technical indicators and chart patterns, EWHYX shows...
Market sentiment analysis indicates...