Eaton Vance Short Duration Municipal Income ETF

EVSM CUSIP: 61774R858 Morningstar Category: Muni National Short
Market Price

as of 02/12/2025

$49.99

CHANGE

(-0.10%)

-$0.05

Nav

as of 02/12/2025

$49.90

CHANGE

(-0.19%)

-$0.1

30 DAY SEC YIELD1

as of 02/11/2025

Subsidized

3.07%

Unsubsidized

3.07%

YIELD TO MATURITY

as of 02/11/2025

 

3.21%

Eaton Vance Short Duration Municipal Income ETF

Explore Our ETFs

EVSM

CUSIP: 61774R858

MORNINGSTAR CATEGORY
Muni National Short

Market Price

as of 02/12/2025

$49.99

Market Price Change

as of 02/12/2025

-$0.05 (-0.10%)

Nav

as of 02/12/2025

$49.90

Nav Change

as of 02/12/2025

-$0.1 (-0.19%)

30 DAY SEC YIELD1

as of 02/11/2025

3.07%

30 DAY SEC YIELD UNSUB1

as of 02/11/2025

3.07%

YIELD TO MATURITY

as of 02/11/2025

3.21%

Eaton Vance Short Duration Municipal Income ETF
EVSM CUSIP: 61774R858
 
 

Why EVSM

Why EVSM

Provides diversified exposure to the municipal bond market, spanning municipal sectors, states and credit tiers, while seeking to maintain a duration of less than three years.

Leverage our disciplined active management, decades of municipal bond market experience and consistent process.

Access a low-cost, transparent and tax-efficient Exchange Traded Fund (ETF) that seeks competitive performance and tax-advantaged income.

Provides diversified exposure to the municipal bond market, spanning municipal sectors, states and credit tiers, while seeking to maintain a duration of less than three years.

Leverage our disciplined active management, decades of municipal bond market experience and consistent process.

Access a low-cost, transparent and tax-efficient Exchange Traded Fund (ETF) that seeks competitive performance and tax-advantaged income.

Investment Objective

The Fund seeks to provide current income excempt from regular federal income tax.

 
 
Pricing
Market Price

as of 02/12/2025

$49.99

Change

(-0.10%)

-$0.05

NAV

as of 02/12/2025

$49.90

Change

(-0.19%)

-$0.1

Premium/Discount

as of 02/12/2025

$0.09

Since Inception High
Market Price

as of 09/20/2024

$50.42

Since Inception Low
Market Price

as of 05/31/2024

$49.53

Since Inception High
NAV

as of 09/27/2024

$50.33

Since Inception Low
NAV

as of 05/31/2024

$49.46

30 Day Median
Bid/Ask Spread

as of 02/12/2025

0.06%

Pricing

Market Price

as of 02/12/2025

$49.99

Market Price change

as of 02/12/2025

-$0.05 (-0.10%)

NAV

as of 02/12/2025

$49.90

NAV Change

as of 02/12/2025

-$0.1 (-0.19%)

Premium/Discount

as of 02/12/2025

$0.09

Since Inception High

as of 09/20/2024

Market Price

$50.42

Since Inception Low

as of 05/31/2024

Market Price

$49.53

Since Inception High

as of 09/27/2024

NAV

$50.33

Since Inception Low

as of 05/31/2024

NAV

$49.46

30-Day Median Bid/
Ask Spread

as of 02/12/2025

0.06%

Historical Price

As of 02/12/2025 (updated daily upon availability)

    

Past performance is not indicative of future results.

 
 
Historical Price
As of 02/12/2025
(updated daily upon availability)
From
To
  

Past performance is not indicative of future results.

 
 

Premium/Discount

As of 02/12/2025 (updated upon availability)

Premium/Discount
As of 02/12/2025
(updated upon availability)

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

Past performance is not indicative of future results. The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST).

Number of Days at Premium / Discount

Current Quarter Q1 ‘25 Q2 ‘25 Q3 ‘25 Q4 ‘25 Since Inception
Premium 28 - - - - 206
NAV 0 - - - - 4
Discount 0 - - - - 13
 
 

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

Past performance is not indicative of future results. The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST).

 
 

Number of Days at Premium/Discount

Current Quarter Q1 ‘25 Q2 ‘25 Q3 ‘25 Q4 ‘25 Since Inception
Premium 28 - - - - 206
NAV 0 - - - - 4
Discount 0 - - - - 13
 

Expense Ratio2

Gross

0.19%

Net

0.19%

 
Performance & Distributions

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent performance figures, please select the "daily" timeframe or call 1-800-836-2414. Investment returns and principal value will fluctuate and Fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.

Returns

As of 02/12/2025 (updated upon availability)

1 Month 3 Months YTD 1 YR 3 YR 5 YR 10 YR Since Inception
EVSM Market Price (%) 0.64 0.81 0.54 3.59 3.16 2.00 - 1.90
EVSM NAV (%) 0.58 0.73 0.58 3.40 3.10 1.97 - 1.87
ICE BofA 1-3 Year Municipal Securities Index (%) 3 0.52 0.75 0.59 3.23 1.88 1.28 - 1.59
1 Month 3 Months YTD 1 YR 3 YR 5 YR 10 YR Since Inception
EVSM Market Price (%) -0.14 0.06 3.14 3.14 2.98 1.92 - 1.84
EVSM NAV (%) -0.20 -0.06 2.92 2.92 2.90 1.87 - 1.81
ICE BofA 1-3 Year Municipal Securities Index (%) 3 -0.13 -0.07 2.59 2.59 1.26 1.25 - 1.53
2024 2023 2022 2021 2020 2019 2018
EVSM Market Price (%) 3.14 4.61 1.21 0.09 0.61 1.47 -
EVSM NAV (%) 2.92 4.61 1.21 0.09 0.61 1.47 -
ICE BofA 1-3 Year Municipal Securities Index (%) 3 2.59 3.32 -2.05 0.34 2.16 2.88 -
Returns
As of
(updated daily upon availability)
  1 Mo 3 Mo YTD 1 YR 3 YR 5 YR 10 YR Since Inception
EVSM Market Price (%) 0.64 0.81 0.54 3.59 3.16 2.00 - 1.90
EVSM NAV (%) 0.58 0.73 0.58 3.40 3.10 1.97 - 1.87
ICE BofA 1-3 Year Municipal Securities Index (%) 3 0.52 0.75 0.59 3.23 1.88 1.28 - 1.59
  1 Mo 3 Mo YTD 1 YR 3 YR 5 YR 10 YR Since Inception
EVSM Market Price (%) -0.14 0.06 3.14 3.14 2.98 1.92 - 1.84
EVSM NAV (%) -0.20 -0.06 2.92 2.92 2.90 1.87 - 1.81
ICE BofA 1-3 Year Municipal Securities Index (%) 3 -0.13 -0.07 2.59 2.59 1.26 1.25 - 1.53
  2024 2023 2022 2021 2020 2019 2018
EVSM Market Price (%) 3.14 4.61 1.21 0.09 0.61 1.47 -
EVSM NAV (%) 2.92 4.61 1.21 0.09 0.61 1.47 -
ICE BofA 1-3 Year Municipal Securities Index (%) 3 2.59 3.32 -2.05 0.34 2.16 2.88 -

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net assetvalue (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market pricereturns do not represent the returns you would receive if you traded shares at other times.

Prior to listing date, the ETF operated as a mutual fund. The ETF has the same investment goal and uses a substantively similar investment strategy as the predecessor mutual fund. The NAV and market price performance of the ETF use the predecessor mutual fund’s NAV from inception to listing. The ETF’s returns reflect the higher expenses of the predecessor mutual fund and have not been adjusted. Predecessor fund performance may have been different if it had an ETF structure. The market price return is calculated from closing prices as calculated by the fund’s listing exchange for the ETF. The market price return is calculated from closing prices as calculated by the fund’s listing exchange for the ETF. If shares are traded at another time, returns may differ. Returns for the period from inception to listing date use the Fund’s NAV as a market price proxy.

Growth of 10K

As of 01/31/2025 (updated monthly upon availability)

As of 01/31/2025 (updated monthly upon availability)

 

Past performance is not indicative of future results. The returns shown in the graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

Prior to listing date, the ETF operated as a mutual fund. The ETF has the same investment goal and uses a substantively similar investment strategy as the predecessor mutual fund. The NAV and market price performance of the ETF use the predecessor mutual fund’s NAV from inception to listing. The ETF’s returns reflect the higher expenses of the predecessor mutual fund and have not been adjusted. Predecessor fund performance may have been different if it had an ETF structure. The market price return is calculated from closing prices as calculated by the fund’s listing exchange for the ETF. The market price return is calculated from closing prices as calculated by the fund’s listing exchange for the ETF. If shares are traded at another time, returns may differ. Returns for the period from inception to listing date use the Fund’s NAV as a market price proxy.

 
 
 

Past performance is not indicative of future results. The returns shown in the graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

Prior to listing date, the ETF operated as a mutual fund. The ETF has the same investment goal and uses a substantively similar investment strategy as the predecessor mutual fund. The NAV and market price performance of the ETF use the predecessor mutual fund’s NAV from inception to listing. The ETF’s returns reflect the higher expenses of the predecessor mutual fund and have not been adjusted. Predecessor fund performance may have been different if it had an ETF structure. The market price return is calculated from closing prices as calculated by the fund’s listing exchange for the ETF. The market price return is calculated from closing prices as calculated by the fund’s listing exchange for the ETF. If shares are traded at another time, returns may differ. Returns for the period from inception to listing date use the Fund’s NAV as a market price proxy.

Distributions

As of 02/12/2025 (updated as distributions are paid)

Distributions
As of 02/12/2025
(updated as distributions are paid)
Record Date Ex Date Payable Date Net Investment Income
($ Per Share)
Short-Term
Capital Gains
($ Per Share)
Long-Term
Capital Gains
($ Per Share)
Total
Capital Gains
($ Per Share)
01/31/2025 01/31/2025 02/06/2025 $0.139830 $0.000000 $0.000000 $0.000000
12/23/2024 12/23/2024 12/27/2024 $0.138264 $0.000000 $0.000000 $0.000000
11/29/2024 11/29/2024 12/05/2024 $0.133778 $0.000000 $0.000000 $0.000000
10/31/2024 10/31/2024 11/06/2024 $0.148196 $0.000000 $0.000000 $0.000000
09/30/2024 09/30/2024 10/04/2024 $0.136881 $0.000000 $0.000000 $0.000000
08/30/2024 08/30/2024 09/06/2024 $0.155833 $0.000000 $0.000000 $0.000000
07/31/2024 07/31/2024 08/06/2024 $0.156734 $0.000000 $0.000000 $0.000000
06/28/2024 06/28/2024 07/05/2024 $0.150883 $0.000000 $0.000000 $0.000000
05/31/2024 05/31/2024 06/06/2024 $0.164086 $0.000000 $0.000000 $0.000000
05/01/2024 04/30/2024 05/06/2024 $0.150797 $0.000000 $0.000000 $0.000000
04/01/2024 03/28/2024 04/04/2024 $0.153126 $0.000000 $0.000000 $0.000000
Record Date Ex Date Payable Date Net Investment Income
($ Per Share)
Short-Term
Capital Gains
($ Per Share)
Long-Term
Capital Gains
($ Per Share)
Total
Capital Gains
($ Per Share)
01/31/2025 01/31/2025 02/06/2025 $0.139830 $0.000000 $0.000000 $0.000000
12/23/2024 12/23/2024 12/27/2024 $0.138264 $0.000000 $0.000000 $0.000000
11/29/2024 11/29/2024 12/05/2024 $0.133778 $0.000000 $0.000000 $0.000000
10/31/2024 10/31/2024 11/06/2024 $0.148196 $0.000000 $0.000000 $0.000000
09/30/2024 09/30/2024 10/04/2024 $0.136881 $0.000000 $0.000000 $0.000000
08/30/2024 08/30/2024 09/06/2024 $0.155833 $0.000000 $0.000000 $0.000000
07/31/2024 07/31/2024 08/06/2024 $0.156734 $0.000000 $0.000000 $0.000000
06/28/2024 06/28/2024 07/05/2024 $0.150883 $0.000000 $0.000000 $0.000000
05/31/2024 05/31/2024 06/06/2024 $0.164086 $0.000000 $0.000000 $0.000000
05/01/2024 04/30/2024 05/06/2024 $0.150797 $0.000000 $0.000000 $0.000000
04/01/2024 03/28/2024 04/04/2024 $0.153126 $0.000000 $0.000000 $0.000000

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent performance figures, please call 1-800-836-2414. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent performance figures, please call 1-800-836-2414. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.

 
Key Facts & Characteristics

Key Facts

 

Asset Class
Municipals
CUSIP
61774R858
Ticker
EVSM
IOPV Intraday Ticker
EVSM.IV
Inception Date
12/19/2018
Listing Date
03/25/2024
Investment Style
Active
Exchange
NYSE ARCA
Custodian
JP Morgan Chase Bank, N.A.
Benchmarks
ICE BofA 1-3 Year Municipal Securities Index 3
Benchmarks
ICE BofA 1-3 Year Municipal Securities Index 3
Distribution Frequency
Monthly
Total Net Assets ($MM)

as of 02/12/2025

232.18
 
Characteristics4

Characteristics4

Updated Daily as of 02/11/2025

Shares Outstanding
as of 02/12/2025
4,652,962
Daily Volume
as of 02/12/2025
37,539
30-Day Avg Volume
as of 02/12/2025
53,324
30 Day SEC Yield (%)1
3.07
30 Day SEC Yield (unsub) (%)1
3.07
Yield to maturity (%)
3.21
Yield to worst (%)
3.02
Option Adjusted Spread (OAS)
47.11
Average coupon (%)
4.40
Effective Duration (yrs)
2.11
Average effective maturity (years)
2.35
Average price ($)
102.87
Number of holdings
158

Updated Monthly

Distribution Rate (%)
as of 01/31/2025
3.36
R squared (3 Year)
as of 01/31/2025
0.34
Sharpe ratio (3 Year)
as of 01/31/2025
-0.84
 
Top 10 Holdings

As of 02/12/2025 (updated daily upon availability)

Top 10 Holdings
As of 02/12/2025 (updated daily upon availability)
Ticker Holdings Type Security Identifier % of Fund Shares/Par Market Value
- PUERTO RICO 5.625% 07/27 CUSIP 74514L3G0 1.44% 3,198,000 3,336,873.79
- GULF COAST INDL VAR 11/41 CUSIP 402207AD6 1.42% 3,300,000 3,300,000.00
- GAINESVILLE FLA VAR 10/42 CUSIP 362848RR6 1.29% 3,000,000 3,000,000.00
- TRINITY RIVER 5% 08/29 CUSIP 89658HVD9 1.28% 2,835,000 2,969,470.57
- ILLINOIS ST 5% 06/28 CUSIP 452227SC6 1.26% 2,770,000 2,921,484.65
- SOUTH CAROLINA 5% 11/31 CUSIP 837032BJ9 1.19% 2,500,000 2,771,541.75
- METROPOLITAN 5% 11/29 CUSIP 59261AJ57 1.17% 2,500,000 2,709,378.25
- SPRINGFIELD ILL 5% 03/30 CUSIP 850578UA1 1.16% 2,500,000 2,702,040.50
- NEW JERSEY ST 5% 01/28 CUSIP 646140FN8 1.14% 2,500,000 2,647,096.50
- CALIFORNIA MUN VAR 06/56 CUSIP 130483HC7 1.14% 2,500,000 2,646,597.25

Holdings subject to change.

Holdings subject to change.

Composition

As of 01/31/2025 (updated monthly upon availability)

Composition

As of 01/31/2025 (updated monthly upon availability)