Eaton Vance TABS 10to20 Yr Ldrd Mn Bd I
Name
As of 01/19/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.01
$13.5 M
2.84%
$0.28
0.40%
Vitals
YTD Return
0.6%
1 yr return
-11.7%
3 Yr Avg Return
-4.1%
5 Yr Avg Return
-1.1%
Net Assets
$13.5 M
Holdings in Top 10
32.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.40%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.00%
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 01/19/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.01
$13.5 M
2.84%
$0.28
0.40%
EITTX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return -4.1%
- 5 Yr Annualized Total Return -1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.94%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameParametric TABS 10-to-20 Year Laddered Municipal Bond Fund
-
Fund Family NameEaton Vance
-
Inception DateMay 04, 2015
-
Shares Outstanding965998
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
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 municipal obligations with final maturities of between ten and twenty years, the interest on which is exempt from regular federal income tax (the “80% Policy”). For the purposes of the Fund’s 80% Policy, final maturity is defined as (i) the stated final maturity of a callable bond; (ii) the pre-refunded date of an existing pre-refunded bond; (iii) the earliest put date of a put bond or (iv) the monthly re-set date of a municipal floating-rate bond or obligation. For municipal obligations held by the Fund that become pre-refunded after the Fund purchases such obligation, the final maturity of such obligation remains the stated maturity. All municipal obligations maturing within a calendar year will be defined as having the same final maturity. At least 90% of the Fund’s net assets normally is 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 or sub-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 or sub-adviser (“junk bonds”). For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. The Fund will not invest in an obligation if the interest on that obligation is subject to the federal alternative minimum tax. 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 invests primarily in general obligation or revenue bonds. In pursuing its investment objective, the Fund seeks to weight investment in obligations such that at least 5% and not more than 15% of its net assets are invested in obligations with a final maturity in a year within the ten-to-twenty year maturity range (the “weighted investment strategy”). The Fund does not have a specific target for its average portfolio duration. When a municipal obligation has a final maturity of less than ten years, the Fund intends to sell that security within a year and reinvest the proceeds in obligations with longer maturities. With respect to the Fund’s weighted investment strategy, the Fund intends to invest at least 5% of its net assets in securities with a final maturity of 20 years within 90 days of the beginning of the calendar year. The Fund’s portfolio is “laddered” by investing in municipal obligations with different final maturities so that some obligations age out of the ten-to-twenty year maturity range during each year.
The investment sub-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 sub-adviser considers ratings assigned by rating agencies and generally performs additional credit and investment analysis. The portfolio managers may also trade securities to seek to minimize capital gains to shareholders. The portfolio managers may also consider financially material environmental, social and governance factors in evaluating an issuer. These considerations may be taken into account alongside other factors in the investment selection process.
EITTX - Performance
Return Ranking - Trailing
Period | EITTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -86.8% | 7.5% | 72.14% |
1 Yr | -11.7% | -22.3% | 15.7% | 93.96% |
3 Yr | -4.1%* | -10.0% | 52.4% | 91.78% |
5 Yr | -1.1%* | -5.1% | 29.7% | 63.63% |
10 Yr | N/A* | -3.2% | 13.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | EITTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.2% | -91.1% | 101.7% | 83.19% |
2022 | -0.1% | -79.2% | 102.5% | 44.74% |
2021 | 1.2% | -66.1% | 60.0% | 4.81% |
2020 | 1.7% | -57.4% | 7.6% | 12.97% |
2019 | -0.5% | -35.9% | 3.2% | 59.50% |
Total Return Ranking - Trailing
Period | EITTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -86.8% | 7.5% | 72.20% |
1 Yr | -11.7% | -22.3% | 15.4% | 94.00% |
3 Yr | -4.1%* | -10.0% | 52.4% | 92.01% |
5 Yr | -1.1%* | -5.1% | 29.7% | 66.62% |
10 Yr | N/A* | -3.2% | 13.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | EITTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.2% | -91.1% | 101.7% | 83.20% |
2022 | -0.1% | -79.2% | 102.5% | 44.77% |
2021 | 1.2% | -66.1% | 60.0% | 4.86% |
2020 | 1.7% | -57.4% | 7.6% | 12.96% |
2019 | -0.5% | -35.9% | 3.2% | 60.91% |
NAV & Total Return History
EITTX - Holdings
Concentration Analysis
EITTX | Category Low | Category High | EITTX % Rank | |
---|---|---|---|---|
Net Assets | 13.5 M | 2.87 M | 73.9 B | 98.41% |
Number of Holdings | 64 | 1 | 14000 | 72.82% |
Net Assets in Top 10 | 5.66 M | -317 M | 8.64 B | 76.21% |
Weighting of Top 10 | 32.36% | 2.4% | 100.0% | 29.81% |
Top 10 Holdings
- ILLINOIS ST 5.5% 4.53%
- WICHITA FALLS TEX INDPT SCH DIST 4% 4.11%
- PENNSYLVANIA ST TPK COMMN TPK REV 5% 3.41%
- NEW YORK TRANSN DEV CORP SPL FAC REV 5% 3.27%
- SAN DIEGO CALIF PUB FACS FING AUTH WTR REV 4% 3.11%
- ARIZONA ST UNIV REVS 4% 3.09%
- COLORADO HEALTH FACS AUTH REV 4% 3.09%
- PORT AUTH N Y & N J 4% 3.06%
- COBB CNTY GA KENNESTONE HOSP AUTH REV 4% 3.03%
- GLYNN-BRUNSWICK MEM HOSP AUTH GA REV 4% 3.02%
Asset Allocation
Weighting | Return Low | Return High | EITTX % Rank | |
---|---|---|---|---|
Bonds | 88.82% | 0.00% | 150.86% | 96.62% |
Cash | 11.18% | -50.86% | 100.00% | 3.16% |
Stocks | 0.00% | -0.03% | 4.63% | 22.46% |
Preferred Stocks | 0.00% | -1.79% | 0.04% | 20.00% |
Other | 0.00% | -13.03% | 30.01% | 21.22% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 20.09% |
Bond Sector Breakdown
Weighting | Return Low | Return High | EITTX % Rank | |
---|---|---|---|---|
Municipal | 88.82% | 0.00% | 100.00% | 95.94% |
Cash & Equivalents | 11.18% | 0.00% | 100.00% | 3.61% |
Derivative | 0.00% | 0.00% | 21.68% | 19.95% |
Securitized | 0.00% | 0.00% | 5.93% | 21.35% |
Corporate | 0.00% | 0.00% | 9.99% | 34.63% |
Government | 0.00% | 0.00% | 52.02% | 25.51% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | EITTX % Rank | |
---|---|---|---|---|
US | 88.82% | 0.00% | 142.23% | 91.02% |
Non US | 0.00% | 0.00% | 62.14% | 75.62% |
EITTX - Expenses
Operational Fees
EITTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.40% | 0.02% | 3.60% | 67.37% |
Management Fee | 0.32% | 0.00% | 1.10% | 18.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
EITTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.90% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
EITTX 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.
EITTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 0.00% | 283.00% | 70.92% |
EITTX - Distributions
Dividend Yield Analysis
EITTX | Category Low | Category High | EITTX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.84% | 0.00% | 35.27% | 23.32% |
Dividend Distribution Analysis
EITTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
EITTX | Category Low | Category High | EITTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.94% | -0.53% | 24.00% | 50.84% |
Capital Gain Distribution Analysis
EITTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 30, 2022 | $0.024 | DailyAccrualFund |
Oct 31, 2022 | $0.024 | DailyAccrualFund |
Sep 30, 2022 | $0.023 | DailyAccrualFund |
Aug 31, 2022 | $0.021 | DailyAccrualFund |
Jul 29, 2022 | $0.023 | DailyAccrualFund |
Jun 30, 2022 | $0.021 | DailyAccrualFund |
May 31, 2022 | $0.016 | DailyAccrualFund |
Apr 29, 2022 | $0.018 | DailyAccrualFund |
Mar 31, 2022 | $0.020 | DailyAccrualFund |
Feb 28, 2022 | $0.021 | DailyAccrualFund |
Jan 31, 2022 | $0.019 | DailyAccrualFund |
Dec 31, 2021 | $0.019 | DailyAccrualFund |
Dec 02, 2021 | $0.019 | DailyAccrualFund |
Oct 29, 2021 | $0.019 | DailyAccrualFund |
Sep 30, 2021 | $0.019 | DailyAccrualFund |
Aug 31, 2021 | $0.019 | DailyAccrualFund |
Jul 30, 2021 | $0.018 | DailyAccrualFund |
Jun 30, 2021 | $0.019 | DailyAccrualFund |
May 28, 2021 | $0.020 | DailyAccrualFund |
Apr 30, 2021 | $0.020 | DailyAccrualFund |
Mar 31, 2021 | $0.017 | DailyAccrualFund |
Feb 26, 2021 | $0.019 | DailyAccrualFund |
Jan 29, 2021 | $0.018 | DailyAccrualFund |
Dec 31, 2020 | $0.017 | DailyAccrualFund |
Dec 02, 2020 | $0.018 | 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 | $0.022 | DailyAccrualFund |
Apr 30, 2020 | $0.022 | DailyAccrualFund |
Mar 31, 2020 | $0.023 | DailyAccrualFund |
Feb 28, 2020 | $0.023 | DailyAccrualFund |
Jan 31, 2020 | $0.023 | DailyAccrualFund |
Dec 31, 2019 | $0.024 | DailyAccrualFund |
Nov 29, 2019 | $0.025 | DailyAccrualFund |
Oct 31, 2019 | $0.025 | DailyAccrualFund |
Sep 30, 2019 | $0.026 | DailyAccrualFund |
Aug 30, 2019 | $0.026 | DailyAccrualFund |
Jul 31, 2019 | $0.026 | DailyAccrualFund |
May 31, 2019 | $0.026 | DailyAccrualFund |
Apr 30, 2019 | $0.026 | DailyAccrualFund |
Mar 29, 2019 | $0.026 | DailyAccrualFund |
Feb 28, 2019 | $0.026 | DailyAccrualFund |
Jan 31, 2019 | $0.026 | DailyAccrualFund |
Dec 31, 2018 | $0.026 | DailyAccrualFund |
Nov 30, 2018 | $0.027 | DailyAccrualFund |
Oct 31, 2018 | $0.024 | DailyAccrualFund |
Aug 31, 2018 | $0.024 | DailyAccrualFund |
Jul 31, 2018 | $0.024 | DailyAccrualFund |
Jun 29, 2018 | $0.025 | DailyAccrualFund |
May 31, 2018 | $0.024 | DailyAccrualFund |
Apr 30, 2018 | $0.024 | DailyAccrualFund |
Mar 29, 2018 | $0.024 | DailyAccrualFund |
Feb 28, 2018 | $0.025 | DailyAccrualFund |
Jan 31, 2018 | $0.024 | DailyAccrualFund |
Dec 29, 2017 | $0.023 | DailyAccrualFund |
Nov 30, 2017 | $0.024 | DailyAccrualFund |
Oct 31, 2017 | $0.023 | DailyAccrualFund |
Sep 29, 2017 | $0.023 | DailyAccrualFund |
Aug 31, 2017 | $0.023 | DailyAccrualFund |
Jul 31, 2017 | $0.023 | DailyAccrualFund |
Jun 30, 2017 | $0.024 | DailyAccrualFund |
May 31, 2017 | $0.022 | DailyAccrualFund |
Apr 28, 2017 | $0.024 | DailyAccrualFund |
Mar 31, 2017 | $0.024 | DailyAccrualFund |
Feb 28, 2017 | $0.024 | DailyAccrualFund |
Jan 31, 2017 | $0.025 | DailyAccrualFund |
Dec 30, 2016 | $0.025 | DailyAccrualFund |
Nov 30, 2016 | $0.024 | DailyAccrualFund |
Oct 31, 2016 | $0.022 | DailyAccrualFund |
Sep 30, 2016 | $0.022 | DailyAccrualFund |
Aug 31, 2016 | $0.022 | DailyAccrualFund |
Jul 29, 2016 | $0.022 | DailyAccrualFund |
Jun 30, 2016 | $0.023 | DailyAccrualFund |
May 31, 2016 | $0.024 | DailyAccrualFund |
Apr 29, 2016 | $0.024 | DailyAccrualFund |
Mar 31, 2016 | $0.024 | DailyAccrualFund |
Feb 29, 2016 | $0.024 | DailyAccrualFund |
Jan 29, 2016 | $0.025 | DailyAccrualFund |
Dec 31, 2015 | $0.026 | DailyAccrualFund |
Nov 30, 2015 | $0.027 | DailyAccrualFund |
Oct 30, 2015 | $0.027 | DailyAccrualFund |
Sep 30, 2015 | $0.027 | DailyAccrualFund |
Aug 31, 2015 | $0.027 | DailyAccrualFund |
Jul 31, 2015 | $0.027 | DailyAccrualFund |
Jun 30, 2015 | $0.029 | DailyAccrualFund |
EITTX - Fund Manager Analysis
Managers
Brian Barney
Start Date
Tenure
Tenure Rank
May 04, 2015
7.08
7.1%
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 | 7.22 | 1.58 |