EVIM vs MFSM: Grades, Fees and Holdings Compared

Eaton Vance Intermediate Municipal Income ETF

EVIMANYSE Arca

MFS Active Intermediate Muni Bond ETF

MFSMBNYSE

Overlap

0.0%by weight

Expense ratio

EVIM −0.23pt a year

EVIM0.11%MFSM0.34%

Avg volume · 30D

EVIM 1.04×the volume

EVIM85KMFSM81.6K

EVIM vs MFSM Performance

Oct 31, 2025 – Nov 2, 2026

+1.3%EVIM+0.6%MFSM

Expense ratio: EVIM 0.11%, better; MFSM 0.34%
Fund size: EVIM $395M; MFSM $125M
1Y total return: EVIM +1.3%, better; MFSM +0.6%
Yield (12M): EVIM 3.52%; MFSM 3.62%, better
Holdings: EVIM 341; MFSM 460
Avg volume (30D): EVIM 85K sh, better; MFSM 81.6K sh
NAV per share: EVIM $51.69; MFSM $24.32
52W range

ETF.net Grade

Pillar letters and Scores for EVIM, MFSM, with each pillar’s weight
Pillar	EVIM	MFSM
Cost30% weight	A89Higher	C42
Mission25% weight	A99	A99
Risk15% weight	C54	B57Higher
Tradability15% weight	B59Higher	D37
Holdings10% weight	B55Higher	D35
Durability5% weight	C51Higher	D28

Rank among Intermediate Municipal Bonds funds

How we build Categories ›

Same Category. EVIM and MFSM are both graded against the same 19 Intermediate Municipal Bonds funds, so their Grades compare head to head.

Intermediate Municipal Bonds⁠

Category · 19 funds

See all 19 ›

EVIM ranks 3rd and MFSM 11th of 19 funds in the Intermediate Municipal Bonds Category.

Rank 1ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFScore 84
Rank 2AITMVanEck Intermediate Muni ETFScore 77
Rank 3AEVIMEaton Vance Intermediate Municipal Income ETFScore 76
Rank 4AMMITNYLI MacKay Muni Intermediate ETFScore 72
Rank 11BBKMIBNY Mellon Municipal Intermediate ETFScore 56
Rank 11BMFSMMFS Active Intermediate Muni Bond ETFScore 56
Rank 13CAPMUActivePassive Intermediate Municipal Bond ETFScore 52

Our read on each fund

ETF.net Research

EVIMAEaton Vance Intermediate Municipal Income ETF

MFSMBMFS Active Intermediate Muni Bond ETF

In short

EVIM Active muni management at index-fund pricing. Eaton Vance charges 0.11% for a federally tax-exempt, intermediate-maturity bond portfolio built by bond pickers instead of copied from a benchmark.

MFSM No data

Stated mandate

EVIM The fund seeks income through a diversified portfolio of debt securities whose interest is exempt from regular federal income tax, with at least 80% of assets committed to that municipal-bond strategy.

MFSM No data

Why people hold it

EVIM Charges 0.11% a year against a roughly 0.30% muni-ETF median. That is a hands-on bond desk priced in index-fund territory.
At least 80% of assets go to munis whose interest is exempt from regular federal income tax, with room for up to 20% in taxable munis and Treasuries.aaii.com
Income lands monthly, and the core of it escapes regular federal income tax.
Diversified core muni exposure across sectors, states and credit tiers, and one of the stronger implementations in a crowded tax-exempt bond field.eatonvance.com

MFSM No data

Worth knowing

EVIM Index rivals cost less: VTEB and SCMB at 0.03%, MUB at 0.05%. The gap is what the active team costs.
Trades lighter than the household-name index munis, so spreads can widen and limit orders matter more.
Launched in 2023, so the record is short, and results trace back to the manager's bond selection rather than a published index.aaii.com

MFSM No data

Full EVIM profile⁠

Full MFSM profile⁠

EVIM vs MFSM Holdings

How EVIM and MFSM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EVIM and 0.0% of MFSM.

Level by level

Asset classFixed Income, Equity0.0%
Holdings0 in both0.0%
Countryby domicile99.0%

Sector

No Sector split for EVIM and MFSM.

Country, concentration and asset class

Country by domicile

Country weights in EVIM and MFSM, widest gap first
Country	More in EVIMMore in MFSM	EVIM	MFSM
United States	EVIM +1.0 points	100.0%	99.0%
Puerto Rico	MFSM +1.0 points	0.0%	1.0%

Concentration

Weight in the 10 largest Holdings

EVIM13.1%
MFSM13.8%

Securities held

EVIM338
MFSM340

Asset class

EVIM: Fixed Income
MFSM: Equity

Holdings

Only in EVIM338
In both0
Only in MFSM340

Only in EVIM

338 securities, 100% of EVIM by weight

California 5.5% 12/331.83%
King Cnty Wash Var 01/651.43%
Virginia 5.75% 01/341.36%
Charlotte-Meckl Var 01/381.32%
South 4.25% 12/361.29%
Texas St Gen 5% 10/411.23%
Washington Cnty Var 07/341.20%
Missouri St Var 10/351.20%
New Jersey St 5% 06/311.20%
Southeast Ala Var 08/541.16%
Alabama Toll Rd 5% 10/321.07%
Detroit Mich 6% 05/391.05%
Ohio St Wtr Dev Var 12/541.02%
California Var 10/561.02%
Mississippi Var 11/350.99%
Indiana St Fin Var 02/390.99%
Gainesville Fla Var 10/420.99%
Kentucky Inc 5.5% 12/330.97%
District Var 10/600.96%
Indiana Mun Pwr Var 01/420.93%
Philadelphia 5.25% 10/420.92%
James City 4.25% 07/460.86%
Maryland St 6% 01/460.82%
Hamilton Cnty 5% 11/360.79%
National Fin 6.125% 12/350.76%
Indiana St 5.15% 12/380.75%
Indiana St Fin 4.9% 12/380.75%
New York St Dorm 5% 03/380.73%
Build Nyc 5.25% 12/310.72%
Maryland St Var 06/420.72%
Philadelphia Pa Var 07/540.72%
Aquarion Wtr 5.25% 08/440.68%
Energy 5.25% 11/370.67%
Colorado Health 5% 05/330.66%
Arizona Indl Dev 5% 11/370.64%
New York N Y 5% 11/430.62%
Nassau Cnty N Y 5% 04/480.61%
Burke Cnty Ga Var 07/490.61%
New York N Y Var 06/500.60%
New York N Y Go Var 09/490.60%
New York N Y Var 06/440.60%
Aquarion Wtr 5.25% 08/390.59%
California Var 01/550.56%
Metropolitan Var 10/390.55%
Pennsylvania Var 10/460.54%
Rhode Is Health 6% 05/440.54%
Gulf Coast Indl Var 11/410.53%
Massachusetts St 5% 12/370.52%
California St 5% 10/400.52%
Ohio St Hosp Rev 5% 01/320.52%

Only in MFSM

340 securities, 93.0% of MFSM by weight

Black Beltenergy Gas Dist Al4.06%
Arizona Stindl Dev Auth Mf Hs1.76%
Massachusetts St Dev Fin Agy R1.76%
Colorado St Hlth Facs Auth Rev1.38%
Californiacmnty Choice Fing A1.24%
Illinois St Fin Auth Revenue0.96%
Corpus Christi Tx Utility Sysr0.92%
Pennsylvania St Econ Dev Fing0.88%
New York St Transprtn Dev Corp0.88%
Minnesotast Hsg Fin Agy0.87%
North Carolina St Med Care Com0.86%
Sales Taxsecuritization Corp0.83%
New York St Dorm Auth Revenues0.82%
San Francisco Ca City Cnty Ar0.82%
Ann Arbormi Hsg Commission Mf0.82%
North Carolina Hsg Fin Agy Hom0.78%
Pasco Cntyfl Sol Wst Disp R0.78%
Clark Cntywa Sch Dist 37 Van0.65%
South Carolina St Jobs Econ De0.64%
Main Street Natural Gas Inc Ga0.62%
Westfieldwashington In Multi0.61%
Kentucky St Public Energy Auth0.61%
Ishares National Muni Bond Etf0.61%
Plum Boropa Sch Dist0.60%
Chicago Ilo Hare Internationa0.59%
Tennesseest Energy Acquisitio0.55%
Connecticut St Hlth Eductnl0.55%
Richland Wayne Jasper Clay L0.55%
Vanguard Tax Exempt Bond Index0.54%
Jacksonville Fl Hsg Auth Reven0.54%
Texas St Muni Gas Acquisition0.53%
W Cornwalltwp Pa Muni Auth0.52%
Arizona Indl Dev Auth Student0.51%
Virginia St Small Business Fin0.51%
Winnebagoboone Cntys Il Sch0.47%
Denver City Cnty Co Arpt Rev0.47%
Rhode Island St Student Loan A0.46%
Public Finauth Wi Revenue0.45%
Iowa St Student Loan Liquidity0.44%
Brazos Txhgr Edu Auth Student0.44%
Lee Cnty Fl Arpt Revenue0.43%
Brevard Cnty Fl Hlth Facs Auth0.43%
New Hope Cultural Ed Facs Fin0.43%
Elmore Cnty Al Public Bldg Aut0.42%
Mccurtaincnty Ok Eductnl Facs0.42%
Rensselaerco Ny Capital Resou0.42%
Schenectady Cnty Ny Capital Re0.42%
Ruston Lasales Tax Revenue0.42%
Gonzales Cnty Tx0.42%
National Fin Auth Nh Affordabl0.42%

Weight gaps

EVIM and MFSM share no securities.

All 306 EVIM holdings⁠All MFSM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EVIM vs MFSM Cost

Overpaying MFSM vs EVIM

$4,619

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EVIM 0.11%
$2,313
MFSM 0.34%
$6,932

Amount$10,000

Years30 years

Cost over time

EVIM 0.11%
MFSM 0.34%
Overpaying

Year by year

Year	EVIM	MFSM	Overpaying
10	$201	$616	$415
20	$788	$2,386	$1,598
30	$2,313	$6,932	$4,619

Expense ratio

0.11%EVIM, cheaper
0.34%MFSM

EVIM0.11%MFSM0.34%

0.05%0.44%

Middle half of Intermediate Municipal Bonds funds
Median 0.30%

EVIM 2nd cheapest of 19 funds

MFSM 11th cheapest of 19 funds

EVIM vs MFSM Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EVIM 3.52%; MFSM 3.62%, better
Payout (12M): EVIM $1.83; MFSM $0.88
Last payment: EVIM $0.15; MFSM $0.07
Ex-dividend: EVIM Oct 30, 2026; MFSM Oct 30, 2026
Paid on: EVIM Pays Nov 5, 2026; MFSM Nov 2, 2026
Frequency: EVIM Monthly; MFSM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

EVIMMonthly · 36 paymentsAll EVIM payments⁠

MFSMMonthly · 23 paymentsAll MFSM payments⁠

EVIM vs MFSM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EVIM 5.3%MFSM 5.4%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: EVIM 0.11MFSM −0.19since Jan 2025
Worst fallMax drawdown, 5 years: EVIM −5.9%since Oct 2023MFSM −6.7%since Dec 2024
Market sensitivityBeta, 5 years: EVIM 0.25MFSM 0.13; Market = 1

EVIM and MFSM in the news

All news⁠

ETF Filings
Morgan Stanley files seven Eaton Vance muni ETFs with the fee left blank
Sep 16, 2026EVIM

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EVIM vs MFSM

In short

Stated mandate

Why people hold it

Worth knowing

How EVIM and MFSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EVIM

Only in MFSM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Morgan Stanley files seven Eaton Vance muni ETFs with the fee left blank

How EVIM and MFSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EVIM

Only in MFSM

Weight gaps