0000940394-22-001093.txt : 20220608 0000940394-22-001093.hdr.sgml : 20220608 20220608154151 ACCESSION NUMBER: 0000940394-22-001093 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220608 DATE AS OF CHANGE: 20220608 EFFECTIVENESS DATE: 20220608 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE MUNICIPALS TRUST II CENTRAL INDEX KEY: 0000914529 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 033-71320 FILM NUMBER: 221003415 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-482-8260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110

0000914529 S000024906 Parametric TABS Short-Term Municipal Bond Fund

C000074079 Parametric TABS Short-Term Municipal Bond Fund Class A EABSX

C000074080 Parametric TABS Short-Term Municipal Bond Fund Class C ECBSX

C000074081 Parametric TABS Short-Term Municipal Bond Fund Class I EIBSX

497K 1 mtiiptmbf497ksupp.htm MTII PARAMETRIC TABS SHORT-TERM MUNICIPAL BOND FUND SUPPLEMENT DTD 6-8-2022

PARAMETRIC TABS SHORT-TERM MUNICIPAL BOND FUND
PARAMETRIC TABS INTERMEDIATE-TERM MUNICIPAL BOND FUND

Supplement to Summary Prospectuses and Prospectus each dated June 1, 2022

The following replaces the first paragraph under “Principal Investment Strategies” in “Fund Summaries” under “Parametric TABS Short-Term Municipal Bond Fund” and “Parametric TABS Intermediate-Term Municipal Bond Fund”:

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of municipal obligations, the interest on which is exempt from regular federal income tax (the “80% Policy”). In seeking the Fund’s investment objective, the portfolio managers emphasize tax-exempt income. The Fund normally invests in municipal obligations rated in the three highest rating categories (those rated A or higher by S&P Global Ratings (“S&P”), Fitch Ratings (“Fitch”) or Moody’s Investors Service, Inc. (“Moody’s”)) or, if unrated, determined by the investment adviser or sub-adviser to be of comparable quality at the time of purchase. The Fund may invest up to 15% of its net assets in municipal obligations rated BBB by S&P, Fitch or Moody’s or, if unrated, determined by the investment adviser or sub-adviser to be of comparable quality. The Fund will not invest more than 50% of its net assets in municipal obligations rated A at the time of purchase by S&P, Fitch or Moody’s or, if unrated, determined by the investment adviser or sub-adviser to be of comparable quality. For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. The Fund may continue to hold securities that are downgraded (including bonds downgraded to below investment grade credit quality (“junk bonds”)) if the sub-adviser believes it would be advantageous to do so. The Fund will not invest in a municipal obligation the interest on which the Fund’s sub-adviser believes is subject to the federal alternative minimum tax.

June 8, 2022

40845 6.8.22