- What does ETAZX invest in?
- This fund dedicates a minimum of 80% of its total net assets, inclusive of any capital acquired through borrowing for investment, to municipal bonds. These bonds are selected for their exemption from federal income tax and specific state taxes, as outlined in the fund's investment goals. Furthermore, at least 75% of the net assets are typically allocated to municipal debt securities that, at the time of acquisition, possess an investment-grade rating, or, if unrated, are assessed by the investment adviser to be of comparable quality.
- What is the expense ratio of ETAZX?
- Eaton Vance AZ Municipal Income A (ETAZX) charges an expense ratio of 0.73%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ETAZX's dividend yield?
- ETAZX's trailing-twelve-month yield is 3.34%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ETAZX?
- Effective duration measures ETAZX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ETAZX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ETAZX?
- ETAZX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of ETAZX?
- Yield to maturity (YTM) is the total return you'd earn from ETAZX if every bond in the portfolio is held to maturity at the current price. ETAZX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
