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Eaton Vance New York Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund (EINC) is a non-diversified, closed-end management investment company. The fund's investment objective is to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes. Eaton Vance New York Municipal Bond Fund is traded on the NYSE as a bond fund and a closed-end fund (CEF).

The fund invests primarily in municipal obligations issued by the State of New York and its political subdivisions, instrumentalities, and public authorities. These obligations may include state appropriation bonds, municipal notes, and industrial development bonds, among others.

In terms of performance, the fund has delivered a 5-year annual return of 4.05%. It has a total net asset value of $292.6 million as of February 28, 2023. Its expense ratio is 0.89%, and their managed assets are $287.1 Million. It has a 12-month distribution rate of 4.59. Its unit price is $12.81, having a one-year return of -6.61%.

Eaton Vance New York Municipal Bond Fund (EINC) is a municipal bond fund that aims to provide its shareholders with tax-free income while maintaining a stable net asset value. The fund invests primarily in New York municipal bonds, which might help minimize credit risk. The fund has a good track record, having been in operation since 1987.

In terms of portfolio diversification, the top ten holdings account for around 45.13% of the overall assets under management. Brookfield Place LLC, Triborough Bridge and Tunnel Authority, and Illinois State Toll Highway Authority are among the top holdings. The fund's top sector allocation is 71.66 percent to transportation, 26.25 percent to power, and 2.08 percent to education.

Finally, it is imperative to note that investors should conduct detailed research before investing in Eaton Vance New York Municipal Bond Fund (EINC).