Key stats
About Eaton Vance Short Duration Municipal Income ETF
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Inception date
Mar 25, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Morgan Stanley Investment Management, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US61774R8584
EVSM is actively managed to invest in tax-exempt municipal securities. The fund will normally invest in municipal obligations rated investment grade, and will aim to maintain a dollar-weighted average portfolio duration of less than three years, but may invest in individual securities of any maturity. In selecting securities, the adviser primarily looks at the issuers creditworthiness and the relative value of the obligation in the market. ESG factors are also considered. As an actively managed fund, the fund may periodically allocate some funds to those subject to regular federal income tax and junk bonds.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.74%
Corporate0.88%
Cash0.38%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EVSM invests in bonds. The fund's major sectors are Municipal, with 98.74% stocks, and Corporate, with 0.88% of the basket. The assets are mostly located in the N/A region.
EVSM last dividends amounted to 0.12 USD. The month before, the issuer paid 0.13 USD in dividends, which shows a 2.92% decrease.
EVSM assets under management is 512.01 M USD. It's risen 6.78% over the last month.
EVSM fund flows account for 359.28 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, EVSM pays dividends to its holders with the dividend yield of 3.19%. The last dividend (Oct 6, 2025) amounted to 0.12 USD. The dividends are paid monthly.
EVSM shares are issued by Morgan Stanley under the brand Eaton Vance. The ETF was launched on Mar 25, 2024, and its management style is Active.
EVSM expense ratio is 0.19% meaning you'd have to pay 0.19% of your investment to help manage the fund.
EVSM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EVSM invests in bonds.
EVSM price has fallen by −0.18% over the last month, and its yearly performance shows a 0.78% increase. See more dynamics on EVSM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.22% over the last month, showed a 1.44% increase in three-month performance and has increased by 3.82% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.22% over the last month, showed a 1.44% increase in three-month performance and has increased by 3.82% in a year.
EVSM trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.