About ETMNX
Eaton Vance Minnesota Municipal Income Fund Class A is an actively managed municipal bond mutual fund focused on generating current income that is generally exempt from regular federal income tax and Minnesota state personal income tax. The portfolio concentrates on Minnesota issuers across key municipal sectors such as general obligation, hospital, education, electric utilities, transportation, and housing, reflecting the state’s public finance infrastructure and essential-service borrowers. The strategy maintains broad diversification, with over a hundred holdings and a bias toward investment‑grade credit quality, including meaningful allocations to AAA, AA, and A-rated bonds, while a small portion may be subject to the alternative minimum tax. Duration and maturity positioning aim to balance income with interest‑rate sensitivity typical of longer‑dated municipal securities. Managed by Eaton Vance, part of Morgan Stanley Investment Management, the fund employs research‑driven security selection and active sector allocation to navigate credit, liquidity, and rate cycles within the Minnesota tax‑exempt market. It plays a niche role for investors seeking state‑specific tax‑advantaged income and exposure to Minnesota’s municipal credit landscape.
Fund Family Eaton Vance
Category Muni Minnesota
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol ETMNX
Share Class Class A
Index Bloomberg Municipal Bond TR
ETMNX had a total return of -4.09% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.33%.
