Eaton Vance South Carolina Municipal Income Fund
EASCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Boston, MA 02110 Boston MA United States of America 02110
- IPO Date
- Feb 18, 1994
- CIK
- 0000778365
- Website
- eatonvance.com
- Similar Companies
- Business
- Eaton Vance South Carolina Municipal Income Fund (EASCX) is an open-end mutual fund that seeks current income exempt from regular federal income tax and South Carolina state personal income tax by investing primarily in a diversified portfolio of South Carolina municipal bonds and notes. The fund normally invests at least 80% of its net assets in municipal obligations issued by or on behalf of the State of South Carolina and its political subdivisions, including revenue bonds from sectors such as hospitals (16.50%), general obligations (15.72%), water and sewer (11.77%), education (8.00%), electric utilities (7.71%), lease revenue/certificates of participation (7.07%), transportation (6.24%), housing (6.06%), and senior living/life care (5.23%); top holdings as of September 30, 2025, include South Carolina Ports Authority (2.83%), Lexington Health Obligated Group (2.77%), State of South Carolina (2.72%), City of Columbia SC Waterworks & Sewer System Revenue (2.70%), and City of Rock Hill SC Combined Utility System Revenue (2.42%). It offers multiple share classes, including Class A (EASCX, expense ratio 0.71%, front-end load 3.25%, minimum initial investment $1,000), Class C (ECSCX), and Class I (EISCX, expense ratio 0.51%, minimum initial investment $1,000,000), with characteristics including 138 holdings, average effective maturity of 10.38 years, average duration of 7.10 years, and a credit quality distribution of AAA (9.34%), AA (49.62%), A (26.30%), BBB (5.45%), BB (3.21%), and not rated (6.09%). Launched on February 14, 1994, with performance inception dating back to October 2, 1992, the fund is domiciled in the United States and available for sale to U.S. investors, targeting taxable South Carolina residents seeking tax-exempt income. It is managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following Morgan Stanley's acquisition of Eaton Vance in March 2021 for $7 billion, which integrated Eaton Vance's municipal bond expertise into Morgan Stanley's asset management platform and delivered cost synergies of approximately $150 million. The fund draws on Eaton Vance's municipal bond team, among the largest and most experienced in the U.S., with current portfolio managers Chris J. Eustance, CFA (joined firm 2007, manages since 2019), and William J. Delahunty, CFA (joined 1998, manages since October 2021). As of September 30, 2025, the fund's total net assets stand at $198.20 million, with Class A share class assets at approximately $74.24 million, reflecting steady operations amid municipal market conditions. Recent portfolio positioning emphasizes credit monitoring and sector diversification across South Carolina issuers, with no major acquisitions, new product launches, or strategic shifts specific to the fund reported in the last 1-2 years; ongoing monthly distributions support its income objective, with SEC 30-day yields of 3.43% for Class A and 3.74% for Class I shares. The fund benchmarks against the Bloomberg Municipal Bond Index and maintains a Morningstar rating of 3-5 stars across 3-, 5-, and 10-year periods in the Muni Single State Intermediate category.