Eaton Vance Ohio Municipal Income Trust (EVO)
Frequently Asked Questions About Eaton Vance Ohio Municipal Income Trust (EVO)
Are there any tax implications for investors in Eaton Vance Ohio Municipal Income Trust?
Investing in Eaton Vance Ohio Municipal Income Trust generally offers tax advantages as the income generated from its municipal bonds is exempt from federal and Ohio state income taxes. However, investors should be aware of potential state-specific tax considerations and the implications for their individual tax situation, particularly for capital gains and alternative minimum tax (AMT).
How can investors purchase shares of Eaton Vance Ohio Municipal Income Trust?
Investors can purchase shares of Eaton Vance Ohio Municipal Income Trust through a brokerage account, just like they would for any publicly traded stock or exchange-traded fund. By placing a buy order, investors can acquire shares on the open market, and the transaction will be executed at the current market price, which may vary from the fund's NAV.
How does Eaton Vance Ohio Municipal Income Trust compare to other municipal bond funds?
Eaton Vance Ohio Municipal Income Trust can be compared to other municipal bond funds based on its investment focus on Ohio securities, dividend yield, and overall performance. While many municipal funds invest broadly across the U.S., EVO's specific strategy targets Ohio municipal bonds, which could offer distinct advantages for resident investors seeking local tax benefits.
How does Eaton Vance Ohio Municipal Income Trust impact the local economy?
Eaton Vance Ohio Municipal Income Trust contributes to the local economy by investing in municipal bonds that finance public infrastructure projects, education, and essential services within Ohio municipalities. By funding these initiatives through bond purchases, the trust supports local development, job creation, and community well-being.
Is Eaton Vance Ohio Municipal Income Trust a closed-end fund?
Yes, Eaton Vance Ohio Municipal Income Trust is classified as a closed-end fund. This means that the fund's shares are traded on an exchange like a stock, and the number of shares is fixed after the initial public offering. As a closed-end fund, it may trade at a premium or discount to its net asset value (NAV), providing unique investment opportunities.
What are the opportunities for long-term investors in Eaton Vance Ohio Municipal Income Trust?
Long-term investors in Eaton Vance Ohio Municipal Income Trust can find opportunities in its ability to generate tax-exempt income and preserve capital through investments in high-quality municipal bonds. With a disciplined investment approach and a focus on Ohio-based securities, the fund appeals to investors prioritizing income efficiency, particularly those in higher tax brackets seeking to optimize their portfolio.
What are the risks associated with investing in Eaton Vance Ohio Municipal Income Trust?
Investing in Eaton Vance Ohio Municipal Income Trust carries certain risks, including interest rate risk, credit risk, and market risk. Interest rate risk pertains to the potential decline in the value of bonds as interest rates rise. Credit risk involves the possibility of default by issuers of the municipal securities. Additionally, market risk affects the value of the fund's shares based on broader market movements.
What does Eaton Vance Ohio Municipal Income Trust do?
Eaton Vance Ohio Municipal Income Trust is a closed-end fund that primarily seeks to provide current income exempt from federal and Ohio state income taxes. The fund invests primarily in a diversified portfolio of municipal bonds issued by the state of Ohio and its municipalities. By focusing on tax-exempt income, it appeals to investors looking for yield while minimizing tax liabilities.
What factors influence the performance of Eaton Vance Ohio Municipal Income Trust?
The performance of Eaton Vance Ohio Municipal Income Trust is influenced by various factors, including interest rates, credit quality of the bonds held in the portfolio, market demand for municipal securities, and economic conditions within Ohio. Changes in tax regulations and investor sentiment towards municipal bonds also play significant roles in shaping fund performance.
What is the current market price of Eaton Vance Ohio Municipal Income Trust?
The current market price of Eaton Vance Ohio Municipal Income Trust can be found on financial platforms that track stock and ETF prices. As a closed-end fund, its market price may trade at a premium or discount to the NAV, influenced by supply and demand factors among investors. Checking on Nasdaq or broker platforms will provide the most accurate live price.
What is the dividend policy of Eaton Vance Ohio Municipal Income Trust?
Eaton Vance Ohio Municipal Income Trust typically distributes dividends to its shareholders on a monthly basis. The dividends are derived from the interest income generated by the underlying municipal bonds in the fund's portfolio, providing investors with a steady stream of income on a tax-exempt basis, consistent with its investment objectives.
What is the expense ratio of Eaton Vance Ohio Municipal Income Trust?
The expense ratio of Eaton Vance Ohio Municipal Income Trust reflects the costs associated with managing the fund, including management fees, administrative expenses, and other operational costs. As of the latest reporting, the expense ratio is relatively competitive within the closed-end fund space, making it an appealing option for investors seeking tax-exempt income.
What is the historical performance of Eaton Vance Ohio Municipal Income Trust?
The historical performance of Eaton Vance Ohio Municipal Income Trust has varied over time, depending on market conditions and interest rate movements. Historically, the fund has provided investors with consistent monthly distributions, aiming to deliver a total return that includes both income and capital appreciation while maintaining a focus on tax-free income.
What is the investment objective of Eaton Vance Ohio Municipal Income Trust?
The primary investment objective of Eaton Vance Ohio Municipal Income Trust is to provide current income that is exempt from federal and Ohio state income taxes. The fund achieves this by mainly investing in municipal bonds issued by various local government entities, with a focus on maintaining moderate risk while generating income.
What is the net asset value (NAV) of Eaton Vance Ohio Municipal Income Trust?
The net asset value (NAV) of Eaton Vance Ohio Municipal Income Trust is calculated based on the total value of the fund's assets minus its liabilities, divided by the number of outstanding shares. The NAV fluctuates daily based on market valuations of the underlying municipal bonds and provides a baseline for assessing the fund's financial health and market performance.
What types of securities does Eaton Vance Ohio Municipal Income Trust invest in?
Eaton Vance Ohio Municipal Income Trust primarily invests in a wide range of municipal bonds, including general obligation bonds, revenue bonds, and other securities issued by municipalities in Ohio. These investments are aimed at generating income that is exempt from federal and state taxes, aligning with the fund's mission of providing tax-efficient returns.
When was Eaton Vance Ohio Municipal Income Trust established?
Eaton Vance Ohio Municipal Income Trust was established in 1991. Since its inception, the fund has aimed to deliver tax-exempt income to its investors by investing in a broad range of Ohio-based municipal debt securities, capitalizing on the local tax advantages provided by these investments.
Who manages Eaton Vance Ohio Municipal Income Trust?
Eaton Vance Ohio Municipal Income Trust is managed by Eaton Vance Management, a well-established investment firm with a reputation for expertise in managing municipal bond funds. The team employs a disciplined investment strategy that combines market analysis and credit research to select high-quality bonds while aiming to achieve the fund's tax-exempt income objectives.
Who should consider investing in Eaton Vance Ohio Municipal Income Trust?
Investors who reside in Ohio and are looking for tax-exempt income might find Eaton Vance Ohio Municipal Income Trust particularly appealing. It is suitable for investors seeking consistent cash flow from monthly dividends, those in higher income tax brackets wanting to minimize tax liabilities, and anyone with an interest in supporting local infrastructure and public projects through municipal bond investments.
What is the current price of Eaton Vance Ohio Municipal Income Trust?
The current price of Eaton Vance Ohio Municipal Income Trust is 2.970
When was Eaton Vance Ohio Municipal Income Trust last traded?
The last trade of Eaton Vance Ohio Municipal Income Trust was at 4:00 pm EDT on April 7th, 2025