EXNAX

About EXNAX

Eaton Vance National Limited Maturity Municipal Income Fund Class A is an open-end mutual fund focused on U.S. municipal bonds that generate income exempt from regular federal income tax. The strategy invests at least 80% of net assets in municipal obligations and typically maintains a short duration profile to help limit principal fluctuations, placing it within the muni national short category. At least 65% of assets are normally invested in investment-grade securities, with the flexibility to hold a modest allocation to lower-rated bonds and issues subject to the federal alternative minimum tax. The portfolio spans multiple states and revenue sectors—such as transportation, general obligations, housing, health care, education, and utilities—providing broad diversification across issuers and uses of proceeds. Managed by Eaton Vance’s municipal bond team, the approach combines fundamental credit research with relative-value trading to seek tax-efficient income while managing interest-rate and credit risk. The fund distributes income monthly and has a long operating history dating back to the early 1990s, reflecting its established role in the national municipal bond market.