Key information

🔎 Fund Overview

Eaton Vance Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Fund invests primarily in debt securities issued by municipalities. The Fund may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a special-purpose vehicle (SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund may purchase derivative instruments, which derive their value from another instrument, security or index, including financial futures contracts and related options, interest rate swaps and forward rate contracts. The Fund may also invest in residual interests of a trust (the trust) that holds municipal securities (RIBs). The Fund's investment adviser is Eaton Vance Management (EVM or Eaton Vance).