EVIM aims to provide current income not subject to regular federal income tax. The fund primarily invests a significant portion of its assets in municipal obligations rated investment grade. It may also allocate up to 10% of its assets to below investment grade municipal obligations. EVIM strives to maintain a portfolio duration between three and eight years while retaining the flexibility to invest in municipal obligations of any maturity. To manage duration, the fund may employ various strategies, such as futures contracts and options. The selection of securities for EVIM is based on factors including creditworthiness, ratings, and consideration of ESG issues. As an actively managed fund, EVIM engages in buy, sell and hold activities at the advisers discretion to optimize performance and take advantage of price opportunities.