Fund info

Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund Class A is an open‑end municipal bond mutual fund focused on generating current income that is exempt from regular federal income tax. The fund follows a rules‑based “laddered” approach, allocating roughly equally across maturity sleeves spanning five to fifteen years to balance interest‑rate exposure and reinvestment timing. It primarily holds investment‑grade municipal obligations issued by state and local governments to finance public projects, typically maintaining broad diversification across issuers and sectors. Managed within the Eaton Vance family and sub‑advised by Parametric, the strategy emphasizes credit quality, with at least 90% of assets normally invested in securities rated investment grade or equivalent by the adviser. The fund’s intermediate profile targets a duration consistent with municipal portfolios in the 4–6 year range, providing a middle ground between short‑term stability and long‑term income potential. Regular monthly distributions and a sizable roster of holdings reflect its role as a core national municipal allocation for investors seeking federally tax‑exempt income while maintaining disciplined maturity structure and credit standards.