- What does ETMAX invest in?
- The fund primarily commits at least 80% of its net assets, plus any borrowed capital utilized for investment, to municipal bonds. These investments are specifically chosen for their exemption from ordinary federal income tax, as well as from the state taxes detailed in the fund's stated investment objective.
- What is the expense ratio of ETMAX?
- Eaton Vance MA Municipal Income A (ETMAX) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ETMAX's dividend yield?
- ETMAX's trailing-twelve-month yield is 3.47%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ETMAX?
- Effective duration measures ETMAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ETMAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ETMAX?
- ETMAX'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 ETMAX?
- Yield to maturity (YTM) is the total return you'd earn from ETMAX if every bond in the portfolio is held to maturity at the current price. ETMAX'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.
