- What does EVAIX invest in?
- This fund is primarily dedicated to municipal debt instruments, allocating a minimum of 80% of its total capital (inclusive of any borrowed funds used for investment) to them. These particular bonds are chosen for their immunity from regular federal income tax, as well as certain state taxes specified in the fund's overall investment strategy. Typically, at least three-quarters (75%) of the net assets will be channeled into municipal securities that, at the time of purchase, carry an investment-grade rating. For any securities without an official rating, the fund's investment adviser must determine that they meet comparable investment-grade quality standards.
- What is the expense ratio of EVAIX?
- Eaton Vance VA Municipal Income I (EVAIX) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.
- What is EVAIX's dividend yield?
- EVAIX's trailing-twelve-month yield is 3.50%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of EVAIX?
- Effective duration measures EVAIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EVAIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of EVAIX?
- EVAIX'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 EVAIX?
- Yield to maturity (YTM) is the total return you'd earn from EVAIX if every bond in the portfolio is held to maturity at the current price. EVAIX'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.
