Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a diversified, closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular U.S. federal income tax. The fund invests primarily in investment-grade municipal bonds issued by states, municipalities and political subdivisions across the United States. Its portfolio includes general obligation and revenue bonds, covering sectors such as transportation, healthcare, education and utilities.
The fund employs a research-driven, bottom-up approach to security selection, focusing on credit quality and relative value. Portfolio managers analyze issuer fundamentals, debt structures and regional economic indicators to build a portfolio designed to offer stable tax-exempt income. Duration and sector allocations are adjusted in response to changing market conditions and interest rate outlooks, with an emphasis on risk management and diversification.
Launched in 1989, Eaton Vance Municipal Bond Fund has a long track record of navigating municipal credit cycles. The fund is managed by a team of experienced municipal bond professionals within Morgan Stanley Investment Management, following the 2021 acquisition of Eaton Vance by Morgan Stanley. This strategic alignment has enhanced the fund’s research capabilities and broadened its access to global capital markets expertise.
Governance is provided by an independent Board of Trustees, ensuring that investment decisions align with the fund’s objectives and shareholder interests. Eaton Vance Municipal Bond Fund distributes income monthly and offers an ongoing managed distribution plan. Investors seeking federally tax-exempt income and professional management of a diverse municipal bond portfolio often consider EIM as a core holding in the income segment of their portfolios.
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