Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond NextShares
EVLMC
NASDAQ Global Market- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- United States of America
- IPO Date
- Mar 30, 2016
- CIK
- 0001614522
- Similar Companies
- Business
- Eaton Vance NextShares Trust II (EVLMC) serves as the issuer of the Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond NextShares, an actively managed exchange-traded managed fund that seeks current income exempt from regular federal income tax through investments in municipal obligations with final maturities between five and fifteen years. The fund employs a laddered strategy across this maturity range, focusing on investment-grade municipal bonds issued by states, territories, and political subdivisions; it trades based on next end-of-day net asset value (NAV) plus or minus a market-determined premium or discount, distinguishing it from traditional ETFs or mutual funds. Eaton Vance Management acts as the investment adviser, with portfolio management led by James H. Evans, Brian C. Barney, and Christopher J. Harshman; the fund maintains assets under management of approximately $70 million and a net expense ratio of 0.35%, targeting retail and institutional investors seeking tax-efficient fixed income exposure. The Trust operates within the municipal bond segment of the fixed income industry, emphasizing broad municipals with a focus on developed North American markets, primarily U.S. issuers whose interest payments are exempt from federal income tax. Shares are listed on NASDAQ under the ticker EVLMC, with inception on March 30, 2016; the structure is part of Eaton Vance's NextShares platform, launched around 2016 to offer actively managed products with NAV-based trading. Eaton Vance Management, the adviser and rooted in a heritage dating to 1924, is headquartered at Two International Place, Boston, Massachusetts 02110, and was acquired by Morgan Stanley in March 2021, integrating into Morgan Stanley Investment Management with pro forma assets exceeding $1.4 trillion across equities, fixed income, and alternatives. Recent developments include the fund's potential delisting status as indicated in market data as of late 2025, reflecting low trading volume and limited activity; no major new product launches or expansions specific to EVLMC have been reported in 2024-2025. Eaton Vance, under Morgan Stanley, pursued strategic growth through partnerships such as expansions in Custom Active equity solutions with Harding Loevner and Schafer Cullen Capital Management in 2025, alongside acquisitions by Morgan Stanley Capital Partners including Prescott's in December 2024 and FoodScience earlier that year, though these do not directly impact the EVLMC fund. The Trust continues to support a stable monthly distribution policy, potentially including return of capital, amid ongoing municipal bond market dynamics.