Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.0%
1 yr return
11.7%
3 Yr Avg Return
0.7%
5 Yr Avg Return
1.4%
Net Assets
$465 M
Holdings in Top 10
35.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load 3.25%
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EITAX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.09%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameParametric TABS Intermediate-Term Municipal Bond Fund
-
Fund Family NameEaton Vance
-
Inception DateFeb 01, 2010
-
Shares Outstanding4518828
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Barney
Fund Description
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.
With respect to its investment in municipal obligations, the Fund invests primarily in general obligation or revenue bonds. The Fund currently targets an average portfolio duration of approximately 5 - 7 years and an average weighted portfolio maturity of approximately 5 - 13 years, but may invest in securities of any maturity or duration, and may in the future alter its maturity or duration target range. The Fund may use various techniques to shorten or lengthen its dollar weighted average portfolio duration, including the acquisition of municipal obligations at a premium or discount. The portfolio managers generally will seek to enhance after-tax total return by actively engaging in relative value trading within the portfolio to take advantage of price opportunities in the markets for municipal obligations and use relative value analysis to assist them in making decisions to purchase or sell investments. With respect to 20% of its net assets, the Fund may invest in municipal obligations that are not exempt from regular federal income tax, direct obligations of the U.S. Treasury and/or obligations of U.S. Government agencies, instrumentalities and government-sponsored enterprises. The Fund may hold cash and may invest in cash equivalents and money market instruments.
The sub-adviser’s process for selecting municipal obligations for purchase and sale generally includes consideration of the creditworthiness of the issuer or person obligated to repay the obligation. In evaluating creditworthiness, the sub-adviser considers ratings assigned by rating agencies and generally performs additional credit and investment analysis. The portfolio managers may also trade securities to minimize taxable capital gains to shareholders. The portfolio managers may sell a security when its credit quality declines, when the remaining maturity of a fixed-income security reaches a certain point or to pursue more attractive investment options.
EITAX - Performance
Return Ranking - Trailing
Period | EITAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.9% | 26.5% | 74.19% |
1 Yr | 11.7% | 2.4% | 37.3% | 26.74% |
3 Yr | 0.7%* | -9.9% | 3.4% | 11.95% |
5 Yr | 1.4%* | -6.7% | 1104.9% | 12.10% |
10 Yr | 2.0%* | -0.8% | 248.9% | 30.19% |
* Annualized
Return Ranking - Calendar
Period | EITAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.9% | -1.4% | 41.0% | 13.64% |
2022 | -8.6% | -39.7% | 0.3% | 23.68% |
2021 | -1.5% | -5.6% | 6.9% | 93.07% |
2020 | 3.5% | -2.6% | 310.0% | 3.82% |
2019 | 3.9% | 0.0% | 26.0% | 45.54% |
Total Return Ranking - Trailing
Period | EITAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.9% | 26.5% | 74.19% |
1 Yr | 11.7% | 2.4% | 37.3% | 26.74% |
3 Yr | 0.7%* | -9.9% | 3.4% | 11.95% |
5 Yr | 1.4%* | -6.7% | 1104.9% | 12.10% |
10 Yr | 2.0%* | -0.8% | 248.9% | 30.19% |
* Annualized
Total Return Ranking - Calendar
Period | EITAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -1.3% | 41.0% | 11.98% |
2022 | -6.8% | -39.7% | 1.1% | 24.49% |
2021 | 0.0% | -4.8% | 23761504.0% | 88.52% |
2020 | 6.1% | -1.5% | 17057.9% | 6.25% |
2019 | 6.1% | 0.2% | 3514.6% | 61.46% |
NAV & Total Return History
EITAX - Holdings
Concentration Analysis
EITAX | Category Low | Category High | EITAX % Rank | |
---|---|---|---|---|
Net Assets | 465 M | 3.22 M | 71.9 B | 50.00% |
Number of Holdings | 144 | 4 | 13418 | 73.32% |
Net Assets in Top 10 | 159 M | -317 M | 3.45 B | 28.00% |
Weighting of Top 10 | 35.37% | 1.9% | 100.1% | 6.97% |
Top 10 Holdings
- U.S. Treasury Notes 10.45%
- U.S. Treasury Notes 4.48%
- SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE 3.78%
- MICHIGAN ST TRUNK LINE 3.55%
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio 3.14%
- HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE 2.55%
- UNIV OF COLORADO CO HOSP AUTH REVENUE 2.44%
- NEW YORK NY 1.86%
- UNIV OF CALIFORNIA CA REVENUES 1.58%
- MUNI ELEC AUTH OF GA 1.54%
Asset Allocation
Weighting | Return Low | Return High | EITAX % Rank | |
---|---|---|---|---|
Bonds | 99.09% | 0.00% | 150.86% | 45.62% |
Cash | 3.14% | -50.86% | 43.45% | 15.20% |
Stocks | 0.00% | 0.00% | 99.89% | 18.77% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 6.04% |
Other | 0.00% | -3.72% | 51.88% | 17.72% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 5.06% |
Bond Sector Breakdown
Weighting | Return Low | Return High | EITAX % Rank | |
---|---|---|---|---|
Municipal | 92.95% | 44.39% | 100.00% | 88.67% |
Cash & Equivalents | 3.14% | 0.00% | 43.45% | 10.75% |
Derivative | 0.00% | -3.72% | 51.88% | 13.74% |
Securitized | 0.00% | 0.00% | 5.93% | 6.26% |
Corporate | 0.00% | 0.00% | 9.41% | 22.45% |
Government | 0.00% | 0.00% | 52.02% | 11.79% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | EITAX % Rank | |
---|---|---|---|---|
US | 99.09% | 0.00% | 142.23% | 43.60% |
Non US | 0.00% | 0.00% | 23.89% | 10.35% |
EITAX - Expenses
Operational Fees
EITAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.01% | 8.02% | 29.15% |
Management Fee | 0.50% | 0.00% | 1.20% | 79.64% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.53% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
EITAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.25% | 0.50% | 4.75% | 54.73% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
EITAX 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.
EITAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 0.00% | 283.00% | 95.30% |
EITAX - Distributions
Dividend Yield Analysis
EITAX | Category Low | Category High | EITAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.11% | 0.00% | 14.51% | 35.41% |
Dividend Distribution Analysis
EITAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
EITAX | Category Low | Category High | EITAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.09% | -0.53% | 5.33% | 84.08% |
Capital Gain Distribution Analysis
EITAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.032 | OrdinaryDividend |
Aug 30, 2024 | $0.031 | OrdinaryDividend |
Jul 31, 2024 | $0.031 | OrdinaryDividend |
Apr 30, 2024 | $0.030 | OrdinaryDividend |
Mar 28, 2024 | $0.030 | OrdinaryDividend |
Feb 29, 2024 | $0.030 | OrdinaryDividend |
Jan 31, 2024 | $0.030 | OrdinaryDividend |
Dec 29, 2023 | $0.030 | OrdinaryDividend |
Nov 30, 2023 | $0.031 | OrdinaryDividend |
Oct 31, 2023 | $0.031 | OrdinaryDividend |
Sep 29, 2023 | $0.031 | OrdinaryDividend |
Aug 31, 2023 | $0.031 | OrdinaryDividend |
Jul 31, 2023 | $0.030 | OrdinaryDividend |
Jun 30, 2023 | $0.030 | OrdinaryDividend |
May 31, 2023 | $0.030 | OrdinaryDividend |
Apr 28, 2023 | $0.030 | OrdinaryDividend |
Mar 31, 2023 | $0.030 | OrdinaryDividend |
Feb 28, 2023 | $0.030 | OrdinaryDividend |
Jan 31, 2023 | $0.028 | OrdinaryDividend |
Dec 30, 2022 | $0.028 | OrdinaryDividend |
Nov 30, 2022 | $0.028 | OrdinaryDividend |
Oct 31, 2022 | $0.024 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.019 | OrdinaryDividend |
Jul 29, 2022 | $0.019 | OrdinaryDividend |
Jun 30, 2022 | $0.017 | OrdinaryDividend |
May 31, 2022 | $0.013 | OrdinaryDividend |
Apr 29, 2022 | $0.012 | OrdinaryDividend |
Mar 31, 2022 | $0.011 | OrdinaryDividend |
Feb 28, 2022 | $0.013 | OrdinaryDividend |
Jan 31, 2022 | $0.011 | OrdinaryDividend |
Dec 31, 2021 | $0.011 | OrdinaryDividend |
Dec 01, 2021 | $0.028 | CapitalGainShortTerm |
Dec 01, 2021 | $0.020 | CapitalGainLongTerm |
Dec 01, 2021 | $0.011 | OrdinaryDividend |
Oct 29, 2021 | $0.010 | OrdinaryDividend |
Sep 30, 2021 | $0.011 | OrdinaryDividend |
Aug 31, 2021 | $0.011 | OrdinaryDividend |
Jul 30, 2021 | $0.011 | OrdinaryDividend |
Jun 30, 2021 | $0.011 | OrdinaryDividend |
May 28, 2021 | $0.012 | OrdinaryDividend |
Apr 30, 2021 | $0.012 | OrdinaryDividend |
Mar 31, 2021 | $0.011 | OrdinaryDividend |
Feb 26, 2021 | $0.012 | OrdinaryDividend |
Jan 29, 2021 | $0.012 | OrdinaryDividend |
Dec 31, 2020 | $0.013 | OrdinaryDividend |
Dec 01, 2020 | $0.072 | OrdinaryDividend |
Oct 30, 2020 | $0.014 | OrdinaryDividend |
Sep 30, 2020 | $0.015 | OrdinaryDividend |
Aug 31, 2020 | $0.015 | OrdinaryDividend |
Aug 18, 2020 | $0.052 | CapitalGainLongTerm |
Jul 31, 2020 | $0.015 | OrdinaryDividend |
Jun 30, 2020 | $0.016 | OrdinaryDividend |
May 29, 2020 | $0.017 | OrdinaryDividend |
Apr 30, 2020 | $0.018 | OrdinaryDividend |
Mar 31, 2020 | $0.016 | OrdinaryDividend |
Feb 28, 2020 | $0.017 | OrdinaryDividend |
Jan 31, 2020 | $0.017 | OrdinaryDividend |
Dec 31, 2019 | $0.017 | OrdinaryDividend |
Dec 04, 2019 | $0.037 | CapitalGainLongTerm |
Nov 29, 2019 | $0.017 | OrdinaryDividend |
Oct 31, 2019 | $0.018 | OrdinaryDividend |
Sep 30, 2019 | $0.018 | OrdinaryDividend |
Aug 30, 2019 | $0.018 | OrdinaryDividend |
Jul 31, 2019 | $0.019 | OrdinaryDividend |
Dec 01, 2016 | $0.008 | CapitalGainLongTerm |
Aug 01, 2013 | $0.031 | CapitalGainShortTerm |
Aug 01, 2013 | $0.012 | CapitalGainLongTerm |
Dec 13, 2012 | $0.132 | CapitalGainShortTerm |
Dec 13, 2012 | $0.040 | CapitalGainLongTerm |
Dec 21, 2011 | $0.050 | CapitalGainShortTerm |
Dec 21, 2011 | $0.001 | CapitalGainLongTerm |
Dec 22, 2010 | $0.026 | CapitalGainShortTerm |
EITAX - Fund Manager Analysis
Managers
Brian Barney
Start Date
Tenure
Tenure Rank
Jun 07, 2010
11.99
12.0%
Mr. Barney is a Managing Director, Institutional Portfolio Management of Parametric..Brian C. Barney was Vice President of Eaton Vance and had been managing the Fund since June 2010. Prior to joining Eaton Vance in 2008, Mr. Barney was employed at M.D. Sass from 2001-2008. Brian C. Barney holds a BS from University of Virginia and a CFA.
Devin Cooch
Start Date
Tenure
Tenure Rank
Nov 02, 2021
0.58
0.6%
Devin Cooch is a Vice President and Portfolio Manager for Eaton Vance Management. Prior to joining Eaton Vance in 2009, Mr. Cooch was employed by M.D. Sass. Mr. Cooch holds a BA in economics from Bucknell University and is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |