- What does ETNCX invest in?
- This fund's primary strategy is to invest in municipal bonds, dedicating a minimum of 80% of its total assets (which includes any funds borrowed for investment purposes) to these types of securities. These municipal obligations are specifically chosen because they are free from standard federal income tax and also exempt from certain state taxes, as specified in the fund's mandate. Furthermore, the fund maintains a focus on credit quality, typically committing at least 75% of its net assets to bonds that possess an investment-grade rating when acquired, or, if unrated, are judged by the investment adviser to meet equivalent high-quality standards.
- What is the expense ratio of ETNCX?
- Eaton Vance NC Municipal Income A (ETNCX) charges an expense ratio of 0.71%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ETNCX's dividend yield?
- ETNCX'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 ETNCX?
- Effective duration measures ETNCX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ETNCX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ETNCX?
- ETNCX'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 ETNCX?
- Yield to maturity (YTM) is the total return you'd earn from ETNCX if every bond in the portfolio is held to maturity at the current price. ETNCX'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.
