Business Description
Launched in 1998 and based in the United States, this fund focuses on high-quality bonds issued by local and state government entities across a wide range of public sectors, including healthcare, housing, education, and transportation. It is run by Eaton Vance Management and operates as a closed-end fund, meaning its shares are traded on an exchange rather than bought and sold directly through the fund. The goal is to provide investors with steady income through carefully selected municipal debt instruments.