Eaton Vance Minnesota Municipal Income Fund (ECMNX)
| Fund Assets | 218.91M |
| Expense Ratio | 1.46% |
| Min. Investment | $1,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.54% |
| Dividend Growth | 5.36% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.52 |
| YTD Return | -2.10% |
| 1-Year Return | -2.70% |
| 5-Year Return | -4.57% |
| 52-Week Low | 9.02 |
| 52-Week High | 9.85 |
| Beta (5Y) | n/a |
| Holdings | 137 |
| Inception Date | Dec 21, 2005 |
About ECMNX
Eaton Vance Minnesota Municipal Income Fund Class C is an open‑end municipal bond mutual fund focused on generating current income that is exempt from regular federal income tax and Minnesota state personal income tax. It invests primarily in tax‑exempt debt issued by Minnesota state and local entities across sectors such as education, housing, utilities, transportation, and general obligation finance, using active security selection informed by in‑house credit research and ongoing monitoring. The strategy emphasizes a credit‑focused approach within a single‑state mandate, maintaining diversified holdings and intermediate‑to‑long duration exposure aligned with the Bloomberg Municipal Bond Index as a reference benchmark. Managed by Eaton Vance’s experienced municipal bond team, the fund targets consistent tax‑advantaged income through monthly distributions while managing risks tied to interest rates, issuer credit quality, and state concentration. Its role in the market is to provide Minnesota‑oriented investors with a dedicated, professionally managed vehicle for accessing the state’s municipal bond market and the potential tax benefits associated with high‑quality and selectively higher‑yielding municipal securities.
Performance
ECMNX had a total return of -2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.01%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIMIX | Fidelity | Fidelity Minnesota Municipal Income | 0.47% |
Top 10 Holdings
18.17% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 0.7% | MN.MNHOSP 11.15.2064 | 2.68% |
| ROCHESTER MINN HEALTH CARE FACS REV 4% | MN.ROCMED 4 11.15.2048 | 2.02% |
| MINNEAPOLIS MINN 5% | MN.MIN 5 12.01.2040 | 2.01% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% | MN.DULDEV 5 02.15.2048 | 1.82% |
| MINNEAPOLIS MINN 3% | MN.MIN 3 12.01.2043 | 1.75% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 4.25% | MN.DULDEV 4.25 02.15.2043 | 1.71% |
| ROCHESTER MINN ELEC UTIL REV 5% | MN.RICPWR 5 12.01.2042 | 1.70% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5.25% | MN.MINAPT 5.25 01.01.2042 | 1.51% |
| ST PAUL MINN INDPT SCH DIST NO 625 4% | MN.STPSCD 4 02.01.2044 | 1.50% |
| MINNESOTA ST MUN PWR AGY ELEC REV 5% | MN.MNSPWR 5 10.01.2047 | 1.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02054 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02001 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02058 | Jun 30, 2025 |
| May 30, 2025 | $0.02026 | May 30, 2025 |
| Apr 30, 2025 | $0.02023 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01904 | Mar 31, 2025 |