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Eaton Vance Short Duration Municipal Income ETF

ETF
EVSM
Payout Change
Pending
Price as of:
$50.1 +0.13 +0.25%
primary theme
N/A
EVSM (ETF)

Eaton Vance Short Duration Municipal Income ETF

Payout Change
Pending
Price as of:
$50.1 +0.13 +0.25%
primary theme
N/A
EVSM (ETF)

Eaton Vance Short Duration Municipal Income ETF

Payout Change
Pending
Price as of:
$50.1 +0.13 +0.25%
primary theme
N/A

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Eaton Vance Short Duration Municipal Income ETF

EVSM | ETF

$50.10

$126 M

3.61%

$1.81

0.19%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$126 M

Holdings in Top 10

20.5%

52 WEEK LOW AND HIGH

$50.0
$49.53
$50.10

Expenses

OPERATING FEES

Expense Ratio 0.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Eaton Vance Short Duration Municipal Income ETF

EVSM | ETF

$50.10

$126 M

3.61%

$1.81

0.19%

EVSM - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Short Duration Municipal Income ETF
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Mar 25, 2024
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in municipal securities, the interest on which is exempt from regular federal income tax. This policy is fundamental and may not be changed without shareholder  approval. The Fund may invest up to 100% of its assets in municipal securities, the interest on which may be subject to the federal alternative minimum tax for individuals. In addition, the Fund may invest up to 20% of its assets in securities subject to regular federal income tax. The Fund may also invest in variable and floating rate demand instruments and tender option bonds.
The Fund may invest 25% or more of its total assets in certain types of municipal obligations (such as general obligations, municipal leases, principal only municipal investments, revenue bonds and industrial development bonds) and in one or more states, territories and economic sectors (such as housing, hospitals, healthcare facilities or utilities). At least 85% of the Fund’s net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment (which are those rated Baa3 or higher by Moody’s Investors Service, Inc (“Moody’s”), or BBB- or higher by either S&P Global Ratings (“S&P”) or Fitch Ratings (“Fitch”)) or, if unrated, determined by the Adviser to be of at least investment grade quality. The balance of net assets may be invested in municipal obligations rated below investment grade and in unrated municipal obligations considered to be of comparable quality by the Adviser (“junk bonds”). The Fund will not invest more than 5% of its net assets in obligations rated below B3 by Moody’s, or B- by either S&P or Fitch, or in unrated obligations considered to be of comparable quality by the Adviser. For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used.
Under normal circumstances, the Fund intends to maintain a dollar-weighted average portfolio duration of less than three years; however, the Fund may invest in individual municipal obligations of any maturity. Duration measures the time-weighted expected cash flows of a fixed-income security, while maturity refers to the amount of time until a fixed-income security matures.
The Adviser’s process for selecting obligations for purchase and sale emphasizes the creditworthiness of the issuer or other person obligated to repay the obligation and the relative value of the obligation in the market. In evaluating creditworthiness, the Adviser considers ratings assigned by rating agencies and generally performs additional credit and investment analysis. The portfolio managers also may trade securities to seek to minimize taxable capital gains to shareholders. A portion of the Fund’s distributions generally will be subject to federal alternative minimum tax. The Fund may not be suitable for investors subject to the federal alternative minimum tax.
When deemed by the Adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the Adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.
The Fund may, but is not required to, use derivatives and similar instruments, such as residual interest bonds, futures contracts and options thereon, interest rate swaps and forward rate agreements, for a variety of purposes, including hedging, to seek total return or as a substitute for the purchase or sale of securities. Derivative instruments used by the Fund will be counted toward the Fund’s 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy.
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EVSM - Performance

Return Ranking - Trailing

Period EVSM Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period EVSM Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period EVSM Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period EVSM Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

EVSM - Holdings

Concentration Analysis

EVSM Category Low Category High EVSM % Rank
Net Assets 126 M N/A N/A N/A
Number of Holdings 82 N/A N/A N/A
Net Assets in Top 10 25.6 M N/A N/A N/A
Weighting of Top 10 20.52% N/A N/A N/A

Top 10 Holdings

  1. Harris County Cultural Education Facilities Finance Corp., Series 2015-1 2.15%
  2. State of Illinois, Series 2017D 2.13%
  3. Black Belt Energy Gas District, Series 2023 D-1 2.09%
  4. Illinois Finance Authority, Series 2020 B-2 2.06%
  5. City of Whiting, Series 2019A 2.05%
  6. Wayne County Airport Authority, Series F 2.04%
  7. Main Street Natural Gas, Inc., Series 2021 A 2.02%
  8. School Board of Miami-Dade County (The) 2.01%
  9. New York State Dormitory Authority, Series 2014A 2.01%
  10. State of Connecticut Special Tax, Series 2023A 1.97%

Asset Allocation

Weighting Return Low Return High EVSM % Rank
Bonds 		97.72% N/A N/A N/A
Cash 		2.28% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High EVSM % Rank
Cash & Equivalents 		1.26% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High EVSM % Rank
US 		97.72% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

EVSM - Expenses

Operational Fees

EVSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% N/A N/A N/A
Management Fee 0.19% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

EVSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

EVSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EVSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

EVSM - Distributions

Dividend Yield Analysis

EVSM Category Low Category High EVSM % Rank
Dividend Yield 3.61% N/A N/A N/A

Dividend Distribution Analysis

EVSM Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

EVSM Category Low Category High EVSM % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

EVSM Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

EVSM - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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