EXMAX

About EXMAX

Eaton Vance Short Duration Municipal Opportunities Fund Class A is an actively managed municipal bond mutual fund designed to maximize after‑tax total return. The strategy primarily invests in municipal obligations that are exempt from regular federal income tax and targets opportunities at the short end of the muni market, seeking to keep the portfolio’s average duration below roughly four and a half years for interest‑rate discipline. The fund maintains broad flexibility across the municipal credit spectrum, with the ability to allocate to lower‑rated issues and employ relative‑value trading to capture pricing inefficiencies. Research is driven by a bottom‑up municipal credit team with extensive sector expertise, emphasizing fundamental analysis to identify value across states and sectors supporting public infrastructure and essential services. Classified in the Muni National Short category, it typically holds a diversified mix of short‑to‑intermediate maturities to balance income stability with limited interest‑rate sensitivity. The approach reflects Eaton Vance’s emphasis on active credit selection, tax‑aware portfolio construction, and opportunistic positioning within the municipal market’s short duration segment.