Eaton Vance Municipal Bond Fund II (NYSE American: EIV) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade and, to a lesser extent, high-yield bonds. Through active management, the portfolio aims to balance credit quality, maturity profiles and yield opportunities to meet the income needs of investors while managing interest rate and credit risks.
The fund’s investment strategy focuses on acquiring revenue and general obligation bonds issued by U.S. states, municipalities and public authorities. Portfolio managers evaluate issuers across sectors such as education, healthcare, transportation and essential public services, seeking bonds backed by dedicated revenue streams or strong tax bases. The fund may also use leverage to enhance income potential, subject to regulatory guidelines, and engages in ongoing credit research and market analysis to adjust holdings in response to changing economic or fiscal conditions.
Since its inception in the early 1990s, Eaton Vance Municipal Bond Fund II has served a broad base of individual and institutional investors across the United States. By investing in a wide array of municipal issuers from both large states and smaller municipalities, the fund offers geographic diversification that can help mitigate localized fiscal challenges. The fund’s shares trade on the NYSE American exchange, providing liquidity and transparent pricing for market participants.
The fund’s day-to-day management is conducted by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management. A team of experienced portfolio managers and credit analysts oversees security selection, portfolio construction and risk monitoring. Under their stewardship, the fund has navigated various interest rate environments and credit cycles, leveraging Eaton Vance’s long history of municipal bond expertise to pursue its objective of tax-advantaged income for shareholders.
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