EVYM: EATON VANCE HIGH INCOME MUNICIPAL ETF
What this ETF is trying to do
The EATON VANCE HIGH INCOME MUNICIPAL ETF (ticker: EVYM) is an exchange-traded fund designed to provide income. Based on its name, it focuses on municipal investments to generate cash for investors.
What the numbers show
As of October 5, 2026, the current price of one share is $46.96. An estimated price from roughly one year ago was $49.48.
It is important to look at two different types of returns:
• Price Return: This only tracks how much the share price changed. Over the last year, the one-year price return was -5.09%. Year-to-date (YTD), the price return was -5.95%.
• Total Return: This includes both the share price change and any cash distributions paid out. The one-year total return was -0.29%, and the YTD total return was -2.35%.
To visualize this, if you had invested $10,000 into the share price alone a year ago, your investment would be worth approximately $9,491 today due to the share-price decline.
Income and distribution explanation
This ETF focuses on regular payments. The distribution yield is approximately 5.24%. This means the amount of cash paid out is about 5.24% of the ETF's price. Over the last year, the fund made 12 payments (usually monthly), with trailing distributions totaling $2.46 per share.
New investors should remember that a high distribution yield does not mean you are making a profit. Even if you receive cash payments, the total value of your investment can still go down if the share price falls more than the amount of cash you received.
NAV erosion explanation
The fund has an erosion-risk score of 75, which is labeled as "mild price erosion."
"NAV erosion" refers to a decline in the value of the underlying assets that the ETF owns. While a falling market price is a share-price decline, the erosion-risk score is a measurement used to track the risk of the fund's internal value decreasing over time. In this case, the risk is considered mild.
Pros
• The ETF provides regular cash income through monthly distributions.
• It has a distribution yield of approximately 5.24%.
Cons
• Both the share price and the total return have been negative over the last year.
• There is a measurement of mild price erosion.
Beginner takeaway
When looking at an ETF that pays regular income, don't look at the yield alone. Always check the "total return" to see if the cash payments are enough to make up for any drops in the share price.
Top Holdings:
As of the latest update on October 7, 2026, some of the top holdings include:
• NEW YORK TRANSN DEV CORP SPL FAC REV 6% (3.18%)
• WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV 6.25% (2.75%)
• PUBLIC FIN AUTH WIS TOLL REV 5.75% (2.12%)
• ATLANTA GA DEV AUTH REV 5.5% (1.73%)
• LOUISIANA PUB FACS AUTH REV 5.5% (1.70%)
*Note: Holdings can change over time.*
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | n/a | n/a | 3.50% |
| 2 | NEW YORK TRANSN DEV CORP SPL FAC REV 6% | n/a | 3.18% |
| 3 | WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV 6.25% | n/a | 2.75% |
| 4 | PUBLIC FIN AUTH WIS TOLL REV 5.75% | n/a | 2.12% |
| 5 | n/a | n/a | 1.79% |
| 6 | n/a | n/a | 1.79% |
| 7 | n/a | n/a | 1.74% |
| 8 | ATLANTA GA DEV AUTH REV 5.5% | n/a | 1.73% |
| 9 | n/a | n/a | 1.72% |
| 10 | LOUISIANA PUB FACS AUTH REV 5.5% | n/a | 1.70% |