# Eaton Vance OR Municipal Income A (ETORX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/etorx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: Bond - Strategy: Thematic · Inception: 1994-01-03 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 ad... ## Key Facts | Metric | Value | |---|---| | Price | $7.71 | | Expense Ratio | 0.72% | | Assets Under Management | $270.8M | | NAV | $7.71 | | Holdings Count | — | | Distribution Yield (TTM) | 3.46% | | Annual Distribution (TTM) | $0.27 /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.41 – $8.11 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.0231 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 3.46%, 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. ### Does ETORX pay a dividend? Yes, Eaton Vance OR Municipal Income A (ETORX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.46%. Full dividend history is on this page. ### How often does ETORX pay dividends? Eaton Vance OR Municipal Income A pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is ETORX's next ex-dividend date? The most recently announced ex-dividend date for ETORX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will ETORX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.72% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ETORX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ETORX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ETORX cost more than a fund like VOO? ETORX's strategy (current expense ratio 0.72%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where ETORX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to ETORX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ETORX (0.72%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/etorx - Distribution history: https://www.dividenddata.com/funds/etorx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/etorx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/etorx/expenses - Peer comparison: https://www.dividenddata.com/funds/etorx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.