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State of Ohio Municipal Eaton Taxes

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					Page 1 of 3 | Morningstar Factsheets | All data as at 11 Nov 2010 unless stated otherwise
Eaton Vance Ohio Municipal Bond Fund                                                                                                                                                          EIO

Morningstar Peer Group Classification                                          Total Return Performance over 5 years (or since inception)
State Municipal OH Leveraged Non-Insured
Investment Objective
The Fund seeks current income exempt from Federal and OH
income taxes through investment in investment grade municipal
securities
Valuation
                         11 Nov 2010          12m High     &   Low
Price                         $12.85            $14.50     /   $12.23
NAV                           $12.39            $13.02     /   $12.14
Discount                     +3.71%             12.14%     /   -2.16%
Peer Group Discount           -1.98%
Z-Statistic1                    -0.59

Inception Date                                            29 Nov 2002
Exchange                                      NY Stock Exchange AMEX
NAV Ticker                                                       XEIOX
Total Assets                                                       $-m
Net Assets                                                  $-18.061m
Market Capitalization                                        $32.433m
Common Shares Outstanding                                    2,523,976
Preferred Shares Amount                                      $17.000m Performance (Total Return%13)                                                                               (Annualized)
Total Leverage Ratio2                                              37%                              1W        1 Mo        3 Mo  6 Mo                     YTD    1 Yr                3 Yr    5 Yr
1940 Act Leverage Ratio3                                           35% Price                       -4.39       -6.23      -1.90  -1.59                  +9.81 +9.57               +5.14 +4.03
Non-1940 Act Leverage Ratio4                                        3% NAV                         -2.13       -3.92      -0.74 +2.11                   +4.37 +8.02               +0.75 +2.00
Average Daily Shares Traded (1yr)                              0.003m Peer Group (Price)           -3.67       -4.38      -2.99 +2.30                   +6.99 +12.50              +9.21 +4.65
Average Daily Value Traded (1yr)                              $0.044m Peer Group (NAV)             -1.38       -2.13 +0.28 +3.16                        +6.50 +8.98               +5.98 +4.86
Total Expense Ratio5 (2009)                                      1.57% Benchmark                   -0.69       -1.11 +0.22 +3.10                        +6.04 +7.04               +5.96 +5.25
Income-only Rate (Price)6                                        6.01% Benchmark: Bank of America ML US Municipal Single State
Inc & Cap Gains Rate (Price)7                                    6.01% Fund distributions reinvested on ex-dividend date8
Total Distribution Rate (Price)8                               6.01%% Distribution Rates over 5 years (or since inception)
Tax-Equivalent Rate (Price)9                                   9.24%%
Latest Distribution Cover10                                         98.86
Latest UNII per share11                                           $0.0848
Distribution Policy
The fund pays Monthly distributions under a level distribution
policy
Latest Distribution History12
Ex-Date     Income S/T Cap L/T Cap Tot Cap Rtn Cap                    Total
19 Nov 2010  0.0643                                                  0.0643    Distributions ($) over 5 years (or since inception)
20 Oct 2010  0.0643                                                  0.0643
21 Sep 2010  0.0643                                                  0.0643
20 Aug 2010  0.0643                                                  0.0643
21 Jul 2010  0.0643                                                  0.0643
21 Jun 2010  0.0643                                                  0.0643
19 May 2010 0.0643                                                   0.0643
21 Apr 2010  0.0643                                                  0.0643
22 Mar 2010  0.0643                                                  0.0643
17 Feb 2010  0.0643                                                  0.0643
20 Jan 2010  0.0618                                                  0.0618
22 Dec 2009  0.0618                                                  0.0618
                                                                           Distribution History by Calendar Year12
Asset Class (% Total Assets) as at 30 Jun 2010                             Year                   Income      S/T Cap                      L/T Cap         Tot Cap         Rtn Cap            Total
                                                                           2010                     0.7052                                                                                    0.7052
Bonds - Municipal                                                    98.8%                          0.7120                                                                                    0.7120
                                                                           2009
Debt - Short term                                                     0.6%                          0.6303                                                                                    0.6303
                                                                           2008
Cash                                                                  0.5%
% Subject to AMT (30 Sep 2010)       14
                                                                    0.00%
% Insured (30 Sep 2010)     15
                                                                   80.70%




The factbook pages are compiled by Morningstar and have no regard to the particular needs of any specific recipient. All price information is indicative only. Nothing herein is to be construed as a
solicitation or an offer to buy or sell any financial products. The factbook pages are prepared by Morningstar and based on information obtained from sources believed to be reliable but are not
guaranteed as being accurate, nor are they a complete statement of these securities. Morningstar accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or
part of these factbook pages.
Page 2 of 3 | Morningstar Factsheets | All data as at 11 Nov 2010 unless stated otherwise
Eaton Vance Ohio Municipal Bond Fund                                                                                                                                                          EIO

Largest Holdings (% Portfolio) as at 30 Jun 2010                               Sector Breakdown (% of total assets)                         Credit Quality (% of total assets)
Ohio Mun Elec Generation Agy Ctfs Ben                                4.4%
Wapakoneta Ohio City Sch Dist 4.75%                                  4.3%
Cleveland Ohio Arpt Sys Rev Rev Bds 5%                               4.1%
Hamilton Cnty Ohio Sales Tax Sales Tax                               3.9%
Cincinnati Ohio St Technical & Gen Rc 5%                             3.6%
Miami Univ Ohio Gen Rcpts Univ 3.25%                                 3.6%
CU 5%                                                                3.4%
Hamilton Cnty Ohio Hosp Facs R Re 5.125%                             3.2%
Olentangy Loc Sch Dist 5%                                            3.1%
Ohio Univ Gen Rcpts Athens Sub Rev 5.25%                             2.6%
Total                                                               36.1%
                                                                               Risk & Correlation
Risk & Return                                                                                                                       3 Mo           6 Mo            1 Yr          3 Yr           5 Yr
                                                                               Alpha (NAV)19                                         0.01           0.00          -0.07         -0.91          -0.43
                                                                               Beta (NAV)20                                          1.70           1.44           1.57          2.63           2.52
                                                                               R-squared (NAV)21                                     0.66           0.54           0.77          0.61           0.60
                                                                               Sharpe (NAV)22                                        3.59           2.85           0.48          0.06           0.06
                                                                               Price Volatility23                                      16             16             17            35             28
                                                                               NAV Volatility23                                         4              4              4            15             12
                                                                               Benchmark Volatility23                                   2              2              2             4              3
                                                                               Peer Group Price Volatility23                            7              6              6            15             12
                                                                               Peer Group NAV Volatility23                              3              3              3             8              6
                                                                               Benchmark: Bank of America ML US Municipal Single State
Latest Earnings for 3m to 30 Sep 2010                                          Discrete Monthly NAV Total Return %
EPS Pre-Prefs distributions, p/m                                        $
EPS Post-Prefs distributions, p/m                                 $0.0636
Last Distribution (Income), p/m                                   $0.0643
Last Distribution (Inc & Cap Gns), p/m                            $0.0643
Last Distribution (Inc, Cap Gns & Rtn Cap), p/m                   $0.0643
Earnings Rate16                                                     98.86
Distribution Cover10                                                98.86
UNII per Share (30 Sep 2010)                                      $0.0848
Expected Life of UNII (months)17                                    115.7
Latest Capital Gains for 6m to 31 Mar 2010
                                                         $0.0038 Additional Performance (Cumulative, i.e. Non-Annualized) Total Return %
                                                                                                                                        13
Realized Cap Gains per share p/m
Unrealized Cap Gains per share p/m                      $-0.1088 Period                                   Price      NAV PG Price PG NAV FD B’mark
Capital Reserves as at 31 Mar 2010                               2010                                   +9.81      +4.37       +6.99       +6.50   +6.04
Accumulated Unrealized Capital Gains per share           $0.1879 2009                                  +40.68     +47.33      +38.13     +26.14    +8.44
Accumulated Unrealized Cap Gains/Current NAV18                2% 2008                                    -25.04    -34.70      -12.41      -12.77  +1.83
                                                                 2007                                     -6.76     -2.29        -5.48     +0.77   +4.24
Management Fees
                                                                 2006                                  +11.26     +10.11       +0.76       +5.22   +4.29
Monthly Advisor fee calculated on average weekly gross assets at 2005                                    -10.00    +5.67         -3.03     +4.01   +2.68
annual rate of 0.55%. Partial waiver fee in place.               Since Inception (29 Nov 2002)         +33.39     +33.89      +50.70     +54.25   +48.66
Fund Manager Details                                             Since S&P 500 Low (5 Mar 09)          +45.49     +33.37      +39.50     +25.47   +12.20
Fund Manager: William H Ahern                                    Since Sub-Prime Crisis (20 Nov 07)    +21.36      +1.11      +32.88     +17.88   +18.22
Eaton Vance Management                                           Since NASDAQ Recovery (30 Sep 02)            -         -     +41.46     +48.70   +43.94
The Eaton Vance Building, 255 State Street, Boston, MA, USA,     NASDAQ Bear (31 Aug 00–30 Sep 02)            -         -     +23.53     +23.40   +22.25
02109                                                            Since Sep 11 (11 Sep 01)                     -         -     +60.55     +64.72   +57.64
Telephone: +1 (800) 225 6265                                     Since Enron collapse (15 Oct 01)             -         -     +59.39     +64.98   +57.50
Website: www.eatonvance.com                                                    Call Profile (%) as at 30 Jun 2010
                                                                               2010          2011      2012    2013               2014       <5 Yr > 5 Yr 5-10 Yr              >10 Yr           N/C
Initial Public Offering
                                                                                              6.00      7.00   10.00              10.00
2,250,000 Common shares at 15.00 USD on 29 Nov 2002 raising
33.8m gross and 32.2m net of expenses                                          Maturity Breakdown (%) as at 30 Sep 2010
                                                                                    0-5           5+             5-10                           10+           Avg Weighted Avg Effective
                                                                                                100.00                                         100.00             21.38       11.23
                                                                               Duration (years) as at 30 Sep 2010
                                                                                    Weighted Duration             Effective Duration                                Modified Duration
                                                                                Not Adjusted Lev Adjusted Not Adjusted Lev Adjusted                               Not Adj       Lev Adj
                                                                                    8.33           12.91


The factbook pages are compiled by Morningstar and have no regard to the particular needs of any specific recipient. All price information is indicative only. Nothing herein is to be construed as a
solicitation or an offer to buy or sell any financial products. The factbook pages are prepared by Morningstar and based on information obtained from sources believed to be reliable but are not
guaranteed as being accurate, nor are they a complete statement of these securities. Morningstar accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or
part of these factbook pages.
Notes


1 Z-Statistic 1y shows whether the fund’s current discount is                  10 Distribution Cover is calculated by dividing the latest net earnings per share per month after
significantly higher or lower than the average over the past year,             distributions to Preferred Shareholders by the latest total distribution paid per month. A Distribution
calculated as (Current Discount – Mean) / Std Dev                              Cover figure consistently less than 100 indicates that the fund’s distribution is at least in part funded
2 Total Leverage Ratio is a measure of how leveraged the fund is               from capital gains/return of capital.
by the use of all types of leverage instruments. It is calculated by           11 Latest UNII per share is the Undistributed Net Investment Income per share
dividing the sum of the fund’s leverage (includes Preferred Shares,            12 Some or all of the distributions from income and short-term capital gains may be classed as
Loans, Lines of Credit, Notes Payable/Commercial Paper, Tender                 qualified dividend income and subject to a reduced federal tax rate of 15%”.
Option Bonds, Reverse Repurchase Agreements, Securities
                                                                               13 Total Return Performance is calculated by reinvesting distributions at the actual closing share price
Lending and Dollar Rolls) by the fund’s Total Assets.
                                                                               or NAV on the ex-dividend date as opposed to any dividend reinvestment plan (“DRIP”) price. DRIP
3 1940 Act Leverage Ratio is a measure of how leveraged the                    policies vary greatly between Funds whereas the Morningstar calculation is a pure and consistent
fund is by the use of instruments classed as leverage under the                calculation across all Funds. Therefore the Total Return performance data may vary slightly from the
1940 Investment Company Act. It is calculated by dividing the                  performance data reported by the Fund. All performance returns are calculated up to the close of
sum of the fund’s leverage in the form of Preferred Shares, Loans,             business on the previous day, with the exception of the calendar year performance figures in the
Lines of Credit, Notes Payable & Commercial Paper, by the fund’s               Additional Performance table on page 2
Total Assets minus non-1940 Act Leverage.
                                                                               14 % Subject to AMT shows the percentage of the fund’s portfolio subject to the Alternative
4 Non-1940 Act Leverage Ratio is a measure of how leveraged                    Minimum Tax.
the fund is by the use of instruments that are not classed as
                                                                               15 % Insured shows the percentage of the fund’s portfolio insured against loss of principal and
leverage under the 1940 Investment Company Act. It is calculated
                                                                               coupons.
by dividing the sum of the fund’s leverage in the form of Tender
Option Bonds, Reverse Repurchase Agreement, Securities Lending                 16 Latest Earnings Rate is calculated by dividing the latest net earnings per share per month after
& Dollar Rolls, by the fund’s Total Assets minus 1940 Act                      distributions to Preferred Shareholders by the latest distribution (income component only) paid per
Leverage.                                                                      month. An Earnings Rate of less than 100 indicates that the fund is under-earning its current
5 Total Expense Ratio is calculated by dividing the total expenses             distribution from income.
for the year, minus the cost of leverage (i.e. debt servicing and              17 Expected Life of UNII (months) is calculated when the Earnings Rate is less than 100%, dividing
Preferred distributions), by the net assets attributable to the                the UNII per share by the monthly shortfall of net investment income to the latest distribution (income
common shares.                                                                 component only) paid per month. The statistic is not calculated if UNII is negative.
6 Income-only Rate is calculated by annualizing the income                     18 Accumulated Unrealized Capital Gains / NAV shows the accumulated capital gains since the fund’s
component of the latest regular distribution.                                  inception as a percentage of current NAV; it is effectively a measure of the store of value within a fund
                                                                               that could be paid out as capital gains were the investments on which gains have been made realized.
7 Inc & Cap Gains Rate is calculated by annualizing the income
and capital gains components of the latest regular distribution.               19 Alpha: The difference between the fund’s average excess total return and the benchmark’s
                                                                               average excess total return.
8 Total Distribution Rate is calculated by annualizing the total
latest distribution (income, capital gains and return of capital    20 Beta: The sensitivity of the fund to broad market movements. A Beta of 0.5 would imply the fund
components). It is important to note that this Rate may include net will move by half as much as the index.
investment income, capital gains and/or return of capital.          21 R-squared: A measure of correlation between the fund and index. A value of 0.8 means that 80%
(All Rates are expressed as a percentage of latest Share Price and of the fund’s NAV changes can be explained by changes in the index.
exclude “Special” distributions. The finalized composition –i.e. %  22 Sharpe: A risk-adjusted return measure, calculated by dividing the fund’s average monthly excess
income, % capital gains, % return of capital - of distributions for total return over the risk-free rate by the standard deviation of those returns. The figure shown is the
previous years is sourced from the official 10-99 reports. The      annualized Sharpe Ratio.
estimated composition of the distributions for the current calendar
                                                                    23 Volatility: The annualized standard deviation of the logged daily returns, adjusting for distributions.
year is sourced from section 19a-1 notices published by the funds;
these estimates are subject to change at the year-end.)             (Risk & Correlation: all statistics calculated on NAV using monthly values, except for volatility that uses
9 Tax–Equivalent Rate represents the Rate an investor in the        daily values.
highest federal tax bracket would require on a taxable fund to
match the tax-exempt Rate paid by the fund. It is calculated by
dividing the Income-only Rate (Price) by (1 minus the federal tax
rate of 35%).




The factbook pages are compiled by Morningstar and have no regard to the particular needs of any specific recipient. All price information is indicative only. Nothing herein is to be construed as a
solicitation or an offer to buy or sell any financial products. The factbook pages are prepared by Morningstar and based on information obtained from sources believed to be reliable but are not
guaranteed as being accurate, nor are they a complete statement of these securities. Morningstar accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or
part of these factbook pages.

				
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