- What does ETORX invest in?
- The fund's primary investment strategy is to dedicate a minimum of 80% of its total net assets (inclusive of any borrowed capital for investment) to municipal bonds. These bonds are specifically chosen because they offer exemption from ordinary federal income tax, and often from particular state taxes as specified in the fund's objectives. Furthermore, a significant portion—typically at least 75% of its net assets—will be allocated to municipal obligations that possess an investment-grade credit rating at the point of acquisition. If an obligation lacks an official rating, the investment adviser will assess and determine it to be of equivalent credit quality.
- What is the expense ratio of ETORX?
- Eaton Vance OR Municipal Income A (ETORX) charges an expense ratio of 0.72%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ETORX's dividend yield?
- ETORX's trailing-twelve-month yield is 3.40%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ETORX?
- Effective duration measures ETORX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ETORX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ETORX?
- ETORX'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 ETORX?
- Yield to maturity (YTM) is the total return you'd earn from ETORX if every bond in the portfolio is held to maturity at the current price. ETORX'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.
