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Eaton Vance Massachusetts Municipal Bond Fund
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* The Eaton Vance Massachusetts Municipal Bond Fund is a closed-end fund incorporated in Massachusetts on July 22, 1994. Its focus is on long-term capital appreciation and income generation.
* The fund invests, under normal circumstances, at least 80% of its net assets in municipal obligations of the Commonwealth of Massachusetts or any political subdivision, agency, instrumentality, or public authority of the Commonwealth. It may invest up to 20% of its net assets in below investment-grade municipal obligations (commonly known as "junk bonds").
* Under normal market conditions, the fund also invests up to 35% of its net assets in investments whose payments are linked directly or indirectly to the U.S. Federal government's ability to pay its obligations, such as Government National Mortgage Association (Ginnie Mae) securities.
* The Eaton Vance Massachusetts Municipal Bond Fund declares its dividends daily and pays them out monthly. The fund's distributions are exempt from regular federal income tax and Massachusetts personal income tax. However, it is essential to note that not all distributions represent income dividends. Recurring distributions, paid by the fund, can come from sources including paid-in capital, reinvested dividends, andvestments.
* The fund seeks to provide investors with as high a level of current income exempt from federal income tax and Massachusetts personal income tax as is consistent with the preservation of capital by investing in tax-exempt instruments of the Commonwealth of Massachusetts.
* The Eaton Vance Massachusetts Municipal Bond Fund's total net assets are $422.98 million, with a $14.83 million daily trading volume. The number of shares outstanding is 24.39 million, with a market capitalization of $490.55 million. The fund's distribution rate is 4.65%, with a 9.12% accumulated return over the past year.
* Earnings per share (EPS) are $2.32, and the price-to-earnings ratio is 13.13. The fund's net asset value (NAV) is $17.78, with a one-year return of -7.80%.
* The fund's portfolio includes 55 holdings, with the top holdings including, among others, Commonwealth of Massachusetts, Massachusetts Department ofTransportation, Massachusetts Development Finance Agency, RCN Capital, and Town of Wellesley. Its weighted average maturity is 19.87 years, and the weighted average coupon rate is 4.79%.
* Credit quality is a significant factor in bond investment. As of March 31, 2022, 58.6% of the fund's managers are in the A category, with 26.2% ranked BBB and 15.2% in the non-rated category. Within those categories, many ratings classes exist, and the breakdown may change over time. Much information is available at websites such as Yahoo Finance or other reputable financial sources.
* Michael A. O'Brien, a member of the Eaton Vance Bond Department's portfolio management and trading team, has been portfolio manager of the fund since 2004. Mr. O'Brien has broad authority over the management of the fund's portfolio investments.
This information should not be considered investment advice. Investing in securities carries significant risks, and you should do your research and seek professional advice before investing. The values of the Eaton Vance Massachusetts Municipal Bond Fund's shares will fluctuate, and there is no assurance that an investment in the fund will achieve its investment objective. If you have any further questions, I will be pleased to help you.