- What does ETMDX invest in?
- This fund primarily invests in municipal bonds, dedicating at least 80% of its total assets (including any funds borrowed for investment purposes) to these instruments. These securities are designed to be exempt from regular federal income tax and the specific state taxes detailed in the fund's investment objectives. Typically, at least 75% of its net assets are allocated to municipal obligations considered investment-grade. This quality assessment is made either by their official rating at the time of acquisition or, if unrated, by the investment adviser's determination of equivalent investment-grade quality. The fund operates as a non-diversified portfolio.
- What is the expense ratio of ETMDX?
- Eaton Vance MD Municipal Income A (ETMDX) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ETMDX's dividend yield?
- ETMDX's trailing-twelve-month yield is 3.25%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ETMDX?
- Effective duration measures ETMDX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ETMDX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ETMDX?
- ETMDX'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 ETMDX?
- Yield to maturity (YTM) is the total return you'd earn from ETMDX if every bond in the portfolio is held to maturity at the current price. ETMDX'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.
