Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.28
$490 M
3.39%
$0.31
0.51%
Vitals
YTD Return
0.4%
1 yr return
2.7%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.4%
Net Assets
$490 M
Holdings in Top 10
12.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 70.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.28
$490 M
3.39%
$0.31
0.51%
EINAX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.65%
- Dividend Yield 3.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameEaton Vance National Limited Maturity Municipal Income Fund
-
Fund Family NameEatonVance
-
Inception DateOct 06, 2009
-
Shares Outstanding45449339
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Eustance
Fund Description
Under normal market circumstances, the Fund invests at least 80% of its net assets (including borrowings for investment purposes) in municipal obligations that are exempt from regular federal income tax (the “80% Policy”). The Fund may invest without limit in obligations the income from which is subject to the federal alternative minimum tax. At least 65% of the Fund’s net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment (which are those rated Baa or higher by Moody’s Investors Service, Inc. (“Moody’s”), or BBB or higher by either S&P Global Ratings (“S&P”) or Fitch Ratings (“Fitch”)) or, if unrated, determined by the investment adviser to be of at least investment grade quality. The balance of net assets may be invested in municipal obligations rated below investment grade and in unrated municipal obligations considered to be of comparable quality by the investment adviser (“junk bonds”). The Fund will not invest more than 10% of its net assets in obligations rated below B by Moody’s, S&P or Fitch, or in unrated obligations considered to be of comparable quality by the investment adviser. For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. The Fund may invest up to 20% of its net assets in other debt obligations, including (but not limited to) taxable municipal obligations, U.S. Treasury securities and obligations of the U.S. Government, its agencies or instrumentalities. The Fund may purchase or sell derivative instruments (such as residual interest bonds, futures contracts and options thereon, interest rate swaps and forward rate agreements) for hedging purposes, to seek total return or as a substitute for the purchase or sale of securities. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.
Although the Fund invests in obligations to seek to maintain a dollar-weighted average portfolio duration of less than five years, the Fund may invest in individual municipal obligations of any maturity. Duration represents the dollar-weighted average maturity of expected cash flows (i.e., interest and principal payments) on one or more municipal obligations, discounted to their present values. The Fund may use various techniques to shorten or lengthen its dollar-weighted average duration, including the acquisition of municipal obligations at a premium or discount, and transactions in futures contracts and options on futures. The Fund may invest 25% or more of its total assets in certain types of municipal obligations (such as general obligations, municipal leases, principal only municipal investments, revenue bonds and industrial development bonds) and in one or more states, territories and economic sectors (such as housing, hospitals, healthcare facilities or utilities). The Fund may invest in pooled investment vehicles, including exchange-traded funds (“ETFs”), to seek exposure to the municipal markets or municipal market sectors. The Fund may invest in restricted securities.
The investment adviser’s process for selecting obligations for purchase and sale emphasizes the creditworthiness of the issuer or other person obligated to repay the obligation and the relative value of the obligation in the market. In evaluating creditworthiness, the investment adviser considers ratings assigned by rating agencies and generally performs additional credit and investment analysis. When deemed by the investment adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the investment adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio. The Fund may engage in relative value trading to take advantage of price appreciation opportunities or to realize capital losses. The portfolio managers also may trade securities to minimize taxable capital gains to shareholders. A portion of the Fund’s distributions generally will be subject to the federal alternative minimum tax. The Fund may not be suitable for investors subject to the federal alternative minimum tax.
EINAX - Performance
Return Ranking - Trailing
Period | EINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -4.7% | 11.1% | 5.71% |
1 Yr | 2.7% | -3.8% | 33.8% | 43.25% |
3 Yr | 0.1%* | -11.3% | 2.6% | 8.02% |
5 Yr | 1.4%* | -6.1% | 1102.0% | 13.21% |
10 Yr | 1.9%* | -0.5% | 248.1% | 43.17% |
* Annualized
Return Ranking - Calendar
Period | EINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.0% | -1.4% | 41.0% | 95.19% |
2022 | -6.1% | -39.7% | 0.3% | 12.20% |
2021 | -1.0% | -5.6% | 6.9% | 75.37% |
2020 | 0.8% | -2.6% | 310.0% | 85.13% |
2019 | 2.1% | 0.0% | 26.0% | 89.42% |
Total Return Ranking - Trailing
Period | EINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -4.7% | 11.1% | 5.71% |
1 Yr | 2.7% | -3.8% | 33.8% | 43.25% |
3 Yr | 0.1%* | -11.3% | 2.6% | 8.02% |
5 Yr | 1.4%* | -6.1% | 1102.0% | 13.21% |
10 Yr | 1.9%* | -0.5% | 248.1% | 43.17% |
* Annualized
Total Return Ranking - Calendar
Period | EINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -1.3% | 41.0% | 80.81% |
2022 | -3.9% | -39.7% | 1.1% | 9.10% |
2021 | 0.9% | -4.8% | 23761504.0% | 66.20% |
2020 | 3.6% | -1.5% | 17057.9% | 55.40% |
2019 | 5.0% | 0.2% | 3514.6% | 79.87% |
NAV & Total Return History
EINAX - Holdings
Concentration Analysis
EINAX | Category Low | Category High | EINAX % Rank | |
---|---|---|---|---|
Net Assets | 490 M | 3.22 M | 71.9 B | 48.06% |
Number of Holdings | 216 | 2 | 13067 | 54.17% |
Net Assets in Top 10 | 63.6 M | -317 M | 3.4 B | 56.83% |
Weighting of Top 10 | 12.86% | 1.9% | 100.4% | 73.51% |
Top 10 Holdings
- GEISINGER PA AUTH HLTH SYS REVENUE 1.58%
- MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE 1.50%
- LUBBOCK TX 1.34%
- MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE 1.33%
- PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU 1.29%
- UNIV OF NORTH CAROLINA NC AT CHAPEL HILL REVENUE 1.28%
- MET TRANSPRTN AUTH NY DEDICATED TAX FUND 1.17%
- CONNECTICUT ST SPL TAX OBLIG REVENUE 1.17%
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 1.12%
- DENVER CITY CNTY CO ARPT REVENUE 1.08%
Asset Allocation
Weighting | Return Low | Return High | EINAX % Rank | |
---|---|---|---|---|
Bonds | 99.06% | 0.00% | 150.86% | 35.71% |
Cash | 0.94% | -50.86% | 50.09% | 63.04% |
Stocks | 0.00% | 0.00% | 99.81% | 14.62% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 3.88% |
Other | 0.00% | -3.18% | 33.35% | 13.85% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 3.90% |
Bond Sector Breakdown
Weighting | Return Low | Return High | EINAX % Rank | |
---|---|---|---|---|
Municipal | 92.72% | 44.39% | 100.00% | 89.08% |
Corporate | 0.62% | 0.00% | 9.41% | 4.35% |
Derivative | 0.00% | -3.18% | 23.38% | 10.16% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 58.06% |
Securitized | 0.00% | 0.00% | 5.93% | 5.72% |
Government | 0.00% | 0.00% | 52.02% | 11.57% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | EINAX % Rank | |
---|---|---|---|---|
US | 99.06% | 0.00% | 142.23% | 33.53% |
Non US | 0.00% | 0.00% | 23.89% | 13.01% |
EINAX - Expenses
Operational Fees
EINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.51% | 0.01% | 20.65% | 80.95% |
Management Fee | 0.38% | 0.00% | 1.20% | 32.60% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
EINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
EINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
EINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 70.00% | 0.00% | 283.00% | 96.69% |
EINAX - Distributions
Dividend Yield Analysis
EINAX | Category Low | Category High | EINAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.39% | 0.00% | 14.56% | 23.42% |
Dividend Distribution Analysis
EINAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
EINAX | Category Low | Category High | EINAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.65% | -0.53% | 5.33% | 64.77% |
Capital Gain Distribution Analysis
EINAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.026 | OrdinaryDividend |
Feb 29, 2024 | $0.026 | OrdinaryDividend |
Jan 31, 2024 | $0.026 | DailyAccrualFund |
Dec 29, 2023 | $0.026 | DailyAccrualFund |
Nov 30, 2023 | $0.026 | DailyAccrualFund |
Oct 31, 2023 | $0.025 | DailyAccrualFund |
Sep 29, 2023 | $0.025 | DailyAccrualFund |
Aug 31, 2023 | $0.024 | DailyAccrualFund |
Jul 31, 2023 | $0.025 | DailyAccrualFund |
Jun 30, 2023 | $0.024 | DailyAccrualFund |
May 31, 2023 | $0.023 | DailyAccrualFund |
Apr 28, 2023 | $0.023 | DailyAccrualFund |
Mar 31, 2023 | $0.023 | DailyAccrualFund |
Feb 28, 2023 | $0.023 | DailyAccrualFund |
Jan 31, 2023 | $0.022 | DailyAccrualFund |
Dec 30, 2022 | $0.023 | DailyAccrualFund |
Nov 30, 2022 | $0.022 | DailyAccrualFund |
Oct 31, 2022 | $0.022 | DailyAccrualFund |
Sep 30, 2022 | $0.019 | DailyAccrualFund |
Aug 31, 2022 | $0.017 | DailyAccrualFund |
Jul 29, 2022 | $0.016 | DailyAccrualFund |
Jun 30, 2022 | $0.016 | DailyAccrualFund |
May 31, 2022 | $0.015 | DailyAccrualFund |
Apr 29, 2022 | $0.015 | DailyAccrualFund |
Mar 31, 2022 | $0.013 | DailyAccrualFund |
Feb 28, 2022 | $0.014 | DailyAccrualFund |
Jan 31, 2022 | $0.012 | DailyAccrualFund |
Dec 31, 2021 | $0.013 | DailyAccrualFund |
Nov 30, 2021 | $0.013 | DailyAccrualFund |
Oct 29, 2021 | $0.013 | DailyAccrualFund |
Sep 30, 2021 | $0.014 | DailyAccrualFund |
Aug 31, 2021 | $0.014 | DailyAccrualFund |
Jul 30, 2021 | $0.013 | DailyAccrualFund |
Jun 30, 2021 | $0.015 | DailyAccrualFund |
May 28, 2021 | $0.015 | DailyAccrualFund |
Apr 30, 2021 | $0.016 | DailyAccrualFund |
Mar 31, 2021 | $0.016 | DailyAccrualFund |
Feb 26, 2021 | $0.017 | DailyAccrualFund |
Jan 29, 2021 | $0.018 | DailyAccrualFund |
Dec 31, 2020 | $0.018 | DailyAccrualFund |
Nov 30, 2020 | $0.019 | DailyAccrualFund |
Oct 30, 2020 | $0.019 | DailyAccrualFund |
Sep 30, 2020 | $0.020 | DailyAccrualFund |
Aug 31, 2020 | $0.021 | DailyAccrualFund |
Jul 31, 2020 | $0.021 | DailyAccrualFund |
Jun 30, 2020 | $0.021 | DailyAccrualFund |
May 29, 2020 | $0.023 | DailyAccrualFund |
Apr 30, 2020 | $0.022 | DailyAccrualFund |
Mar 31, 2020 | $0.022 | DailyAccrualFund |
Feb 28, 2020 | $0.022 | DailyAccrualFund |
Jan 31, 2020 | $0.021 | DailyAccrualFund |
Dec 31, 2019 | $0.023 | DailyAccrualFund |
Nov 29, 2019 | $0.023 | DailyAccrualFund |
Oct 31, 2019 | $0.022 | DailyAccrualFund |
Sep 30, 2019 | $0.022 | DailyAccrualFund |
Aug 30, 2019 | $0.022 | DailyAccrualFund |
Jul 31, 2019 | $0.022 | DailyAccrualFund |
Jun 28, 2019 | $0.023 | OrdinaryDividend |
May 31, 2019 | $0.023 | DailyAccrualFund |
Apr 30, 2019 | $0.023 | DailyAccrualFund |
Mar 29, 2019 | $0.023 | DailyAccrualFund |
Feb 28, 2019 | $0.024 | DailyAccrualFund |
Jan 31, 2019 | $0.024 | DailyAccrualFund |
Dec 31, 2018 | $0.024 | DailyAccrualFund |
Nov 30, 2018 | $0.024 | DailyAccrualFund |
Oct 31, 2018 | $0.024 | DailyAccrualFund |
Aug 31, 2018 | $0.023 | DailyAccrualFund |
Jul 31, 2018 | $0.024 | DailyAccrualFund |
Jun 29, 2018 | $0.024 | DailyAccrualFund |
May 31, 2018 | $0.023 | DailyAccrualFund |
Apr 30, 2018 | $0.024 | DailyAccrualFund |
Mar 29, 2018 | $0.024 | DailyAccrualFund |
Feb 28, 2018 | $0.024 | DailyAccrualFund |
Jan 31, 2018 | $0.024 | DailyAccrualFund |
Dec 29, 2017 | $0.024 | DailyAccrualFund |
Nov 30, 2017 | $0.024 | DailyAccrualFund |
Oct 31, 2017 | $0.023 | DailyAccrualFund |
Sep 29, 2017 | $0.025 | DailyAccrualFund |
Aug 31, 2017 | $0.024 | DailyAccrualFund |
Jul 31, 2017 | $0.024 | DailyAccrualFund |
Jun 30, 2017 | $0.024 | DailyAccrualFund |
May 31, 2017 | $0.024 | DailyAccrualFund |
Apr 28, 2017 | $0.025 | DailyAccrualFund |
Mar 31, 2017 | $0.024 | DailyAccrualFund |
Feb 28, 2017 | $0.025 | DailyAccrualFund |
Jan 31, 2017 | $0.024 | DailyAccrualFund |
Dec 30, 2016 | $0.025 | DailyAccrualFund |
Nov 30, 2016 | $0.025 | DailyAccrualFund |
Oct 31, 2016 | $0.024 | DailyAccrualFund |
Sep 30, 2016 | $0.025 | DailyAccrualFund |
Aug 31, 2016 | $0.025 | DailyAccrualFund |
Jul 29, 2016 | $0.025 | DailyAccrualFund |
Jun 30, 2016 | $0.025 | DailyAccrualFund |
May 31, 2016 | $0.025 | DailyAccrualFund |
Apr 29, 2016 | $0.025 | DailyAccrualFund |
Mar 31, 2016 | $0.025 | DailyAccrualFund |
Feb 29, 2016 | $0.026 | DailyAccrualFund |
Jan 29, 2016 | $0.025 | DailyAccrualFund |
Dec 31, 2015 | $0.026 | DailyAccrualFund |
Nov 30, 2015 | $0.027 | DailyAccrualFund |
Oct 30, 2015 | $0.026 | DailyAccrualFund |
Sep 30, 2015 | $0.027 | DailyAccrualFund |
Aug 31, 2015 | $0.026 | DailyAccrualFund |
Jul 31, 2015 | $0.026 | DailyAccrualFund |
Jun 30, 2015 | $0.027 | DailyAccrualFund |
May 29, 2015 | $0.026 | DailyAccrualFund |
Apr 30, 2015 | $0.026 | DailyAccrualFund |
Mar 31, 2015 | $0.025 | DailyAccrualFund |
Feb 27, 2015 | $0.026 | DailyAccrualFund |
Jan 30, 2015 | $0.026 | DailyAccrualFund |
Dec 31, 2014 | $0.027 | DailyAccrualFund |
Nov 28, 2014 | $0.028 | DailyAccrualFund |
Oct 31, 2014 | $0.028 | DailyAccrualFund |
Sep 30, 2014 | $0.027 | DailyAccrualFund |
Aug 29, 2014 | $0.027 | DailyAccrualFund |
Jul 31, 2014 | $0.028 | DailyAccrualFund |
Jun 30, 2014 | $0.028 | DailyAccrualFund |
May 30, 2014 | $0.029 | DailyAccrualFund |
Apr 30, 2014 | $0.029 | DailyAccrualFund |
Mar 31, 2014 | $0.029 | DailyAccrualFund |
Feb 28, 2014 | $0.030 | DailyAccrualFund |
Jan 31, 2014 | $0.030 | DailyAccrualFund |
Dec 31, 2013 | $0.029 | DailyAccrualFund |
Nov 29, 2013 | $0.015 | DailyAccrualFund |
Nov 15, 2013 | $0.030 | DailyAccrualFund |
Oct 15, 2013 | $0.028 | DailyAccrualFund |
Sep 16, 2013 | $0.031 | DailyAccrualFund |
Aug 15, 2013 | $0.029 | DailyAccrualFund |
Jul 15, 2013 | $0.026 | DailyAccrualFund |
Jun 17, 2013 | $0.031 | DailyAccrualFund |
May 15, 2013 | $0.028 | DailyAccrualFund |
Apr 15, 2013 | $0.029 | DailyAccrualFund |
Mar 15, 2013 | $0.027 | DailyAccrualFund |
Feb 15, 2013 | $0.030 | DailyAccrualFund |
Jan 15, 2013 | $0.027 | DailyAccrualFund |
Dec 17, 2012 | $0.030 | DailyAccrualFund |
Nov 15, 2012 | $0.030 | DailyAccrualFund |
Oct 15, 2012 | $0.027 | DailyAccrualFund |
Sep 17, 2012 | $0.033 | DailyAccrualFund |
Aug 15, 2012 | $0.028 | DailyAccrualFund |
Jul 16, 2012 | $0.030 | DailyAccrualFund |
Jun 15, 2012 | $0.030 | DailyAccrualFund |
May 15, 2012 | $0.028 | DailyAccrualFund |
Apr 16, 2012 | $0.033 | DailyAccrualFund |
Mar 15, 2012 | $0.029 | DailyAccrualFund |
Feb 15, 2012 | $0.030 | DailyAccrualFund |
Jan 17, 2012 | $0.033 | DailyAccrualFund |
Dec 15, 2011 | $0.031 | DailyAccrualFund |
Nov 15, 2011 | $0.030 | DailyAccrualFund |
Oct 17, 2011 | $0.034 | DailyAccrualFund |
Sep 15, 2011 | $0.032 | DailyAccrualFund |
Aug 15, 2011 | $0.032 | DailyAccrualFund |
Jul 15, 2011 | $0.032 | DailyAccrualFund |
Jun 15, 2011 | $0.032 | DailyAccrualFund |
May 16, 2011 | $0.033 | DailyAccrualFund |
Apr 15, 2011 | $0.034 | DailyAccrualFund |
Mar 15, 2011 | $0.031 | DailyAccrualFund |
Feb 15, 2011 | $0.031 | DailyAccrualFund |
Jan 18, 2011 | $0.035 | DailyAccrualFund |
Dec 15, 2010 | $0.031 | DailyAccrualFund |
Nov 15, 2010 | $0.032 | DailyAccrualFund |
Oct 15, 2010 | $0.031 | DailyAccrualFund |
Sep 15, 2010 | $0.032 | DailyAccrualFund |
Aug 16, 2010 | $0.036 | DailyAccrualFund |
Jul 15, 2010 | $0.033 | DailyAccrualFund |
Jun 15, 2010 | $0.032 | DailyAccrualFund |
May 17, 2010 | $0.036 | DailyAccrualFund |
Apr 15, 2010 | $0.035 | DailyAccrualFund |
Mar 15, 2010 | $0.030 | DailyAccrualFund |
Feb 16, 2010 | $0.036 | DailyAccrualFund |
Jan 15, 2010 | $0.035 | DailyAccrualFund |
Dec 15, 2009 | $0.033 | DailyAccrualFund |
Nov 16, 2009 | $0.036 | DailyAccrualFund |
Oct 15, 2009 | $0.017 | DailyAccrualFund |