Eaton Vance MD Municipal Income A
ETMDX
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.Quarterly Dividends 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
- Dec 22, 1993
- CIK
- 0000778365
- Website
- eatonvance.com
- Similar Companies
- Business
- Eaton Vance Maryland Municipal Income Fund Class A (ETMDX) is an open-end mutual fund that seeks to provide current income exempt from regular federal income tax and Maryland state and local income taxes. The fund invests at least 80% of its net assets in municipal obligations exempt from such taxes, with at least 75% normally allocated to investment-grade securities rated at least BBB/Baa or equivalent at the time of purchase; it may also hold lower-rated obligations and typically targets maturities of ten years or more. Its portfolio emphasizes sectors such as health (23.28%), transportation (21.86%), general obligation (19.06%), housing (13.19%), and education (13.12%), with top holdings including Maryland State Health & Higher Educational Facilities Authority Revenue bonds and Maryland State Stadium Authority Revenue bonds. Launched on December 10, 1993, and domiciled in the United States, the fund is managed by Eaton Vance Management, an indirect wholly-owned subsidiary of Morgan Stanley following its acquisition of Eaton Vance Corp. on March 1, 2021, which led to new investment advisory agreements and operational integrations across Eaton Vance funds. The fund maintains a net expense ratio of 0.73%, a front-end load of 3.25%, total net assets of approximately $87.45 million, and daily pricing, with shares available primarily to U.S. investors through minimum initial investments of $1,000. Portfolio turnover stands at 42%, supporting active management to optimize yields, minimize taxable capital gains, and maintain competitive performance in the Muni Single State Intermediate category. Recent management updates include Trevor Smith joining as co-portfolio manager on December 31, 2019, and Carl Thompson added on August 17, 2023, enhancing the team's focus on credit quality (mid) and interest-rate sensitivity (extended) in a non-diversified strategy. Amid broader Eaton Vance developments under Morgan Stanley, the firm has pursued ETF conversions and launches, such as the Eaton Vance Income Opportunities ETF in November 2025, reflecting strategic shifts toward expanded fixed-income offerings, though ETMDX remains a core mutual fund vehicle. These changes align with ongoing efforts to adapt to market dynamics, including stable monthly distributions and tax-efficient municipal exposure for Maryland-focused investors.