Eaton Vance Municipal Bond Fund II (NYSE American: EIV) is a diversified, closed-end management investment company that primarily seeks to provide shareholders with a high level of current income exempt from federal income tax, along with the potential for capital appreciation. The fund pursues its objective by investing at least 80% of its assets in municipal securities, including general obligation and revenue bonds issued by state and local governments throughout the United States.
The fund’s portfolio is managed by Eaton Vance Advisers, a subsidiary of Eaton Vance Corp., which draws on its team of municipal bond analysts and portfolio managers to identify investment opportunities across various sectors and credit qualities. EIV may invest in a range of maturities and credit ratings, including investment-grade and below-investment-grade securities, to optimize risk-adjusted returns. The fund also employs leverage through borrowings to seek enhanced income, subject to the oversight of its board of trustees.
Since its inception in the mid-1990s, Eaton Vance Municipal Bond Fund II has aimed to deliver tax-advantaged income to investors who are subject to federal and, in many cases, state and local income taxes. The fund’s long-standing track record reflects its commitment to credit research and active portfolio management, with an emphasis on preserving capital and managing interest rate risk in a dynamic bond market environment.
EIV benefits from the broader resources and institutional infrastructure of Eaton Vance, including compliance, risk management and trading support. Oversight is provided by an independent board of trustees, which works alongside the fund’s investment team to ensure adherence to stated objectives and regulatory requirements. As part of the municipal bond fund complex, EIV offers investors exposure to a seasoned management organization with a focus on generating tax-exempt income.
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