[Eaton Vance [see profile] is about to launch a new muni bond fund. In March the Boston-based mutual fund firm filed for the planned Eaton Vance Municipal Opportunities Fund, targeting May for release [see prospectus].

"We are awaiting comments, if any, from the SEC," Eaton Vance spokeswoman Robyn Tice told The MWire. Tice declined to comment further, citing the quiet period around the filing.

The new fund would be PMed by a team of five Eaton Vance vice presidents: William Ahern, Craig Brandon, Cynthia Clemson, Thomas Metzold and Adam Weigold. They'll be able to invest up to 50 percent of the fund's assets in junk bonds, and they'll also be able to invest in derivatives. It will come in three share classes: A shares, with a 475-basis-point load and 95 bps in annual expenses; C shares, with a 100-bps deferred load and 170 bps in annual expenses; and I shares, with 70 bps in annual expenses.

Eaton Vance will handle distribution of the fund. BNY Mellon will serve as transfer agent, Deloitte & Touche as independent accounting firm and State Street as custodian. 

Edited by: Neil Anderson, Managing Editor


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