Eaton Vance VA Municipal Income I
EVAIX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Eaton Vance Virginia Municipal Income Fund Class I (EVAIX) is a mutual fund that seeks current income exempt from regular federal income tax and Virginia state personal income tax by investing at least 80% of its net assets in Virginia municipal obligations. The fund's portfolio primarily comprises investment-grade municipal bonds issued by Virginia state and local governments, including airport revenue bonds, housing development authority bonds, storm water utility revenue bonds, college building authority educational facilities revenue bonds, and small business financing authority residential care facility revenue bonds; it may also hold non-Virginia municipal obligations and derivatives for hedging or income enhancement purposes. Class I shares require a minimum initial investment of $1,000,000 and feature a net expense ratio of 0.54%, targeting high-net-worth individuals, institutions, and qualified plans seeking tax-advantaged fixed income exposure. The fund operates within the municipal bond sector, focusing on intermediate-term, single-state muni strategies with mid credit quality and extended interest-rate sensitivity; its assets under management total approximately $70 million, with top holdings representing 16.76% of the portfolio. Eaton Vance Management, the fund's investment advisor and a division of Morgan Stanley Investment Management since the parent company's $7 billion acquisition of Eaton Vance in 2021, oversees operations from Boston, Massachusetts, where Eaton Vance was founded in 1924. Portfolio management is led by Trevor Smith since December 2019 and Carl Thompson since August 2023, emphasizing buy/sell decisions, portfolio construction, and risk management for Virginia-focused municipal exposure. In recent developments, Eaton Vance, now integrated under Morgan Stanley Investment Management, launched the Eaton Vance Income Opportunities ETF in November 2025, expanding its fixed income offerings with diversified global sectors including under-represented areas to complement core municipal strategies like EVAIX. The fund continues regular monthly distributions, aligning with Eaton Vance's broader closed-end and open-end municipal income trusts amid stable portfolio management and ongoing expense waivers/reimbursements effective through at least the prospectus date. No major acquisitions, reorganizations, or product-specific changes for EVAIX were reported in the last 1-2 years, with focus remaining on Virginia municipal market exposure amid interest rate and credit risks.