Eaton Vance launches TABS 5-to-15 Year Laddered Municipal Bond ETF

By Tali Rackner

Norfolk, Va., March 29 – Eaton Vance Corp. and Nasdaq, Inc. announced the listing and trading of the Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond NextShares exchange-traded fund.

The fund will follow a rules-based, laddered approach to municipal bond investing, seeking current income exempt from regular federal income tax. It will maintain roughly equal-weighted exposures across the five- to 15-year maturity range of the municipal market, emphasizing investments identified as attractively valued based on credit research, according to a press release.

The portfolio is managed by James Evans, Christopher Harshman and Brian Barney, vice presidents of Eaton Vance Management, a subsidiary of Eaton Vance Corp.

The fund was scheduled to begin trading on the Nasdaq Stock Market LLC on Wednesday under ticker symbol “EVLMC.”

Eaton Vance also announced the launch of the Eaton Vance Global Income Builder NextShares ETF.

Boston-based Eaton Vance Management is the investment adviser.

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