- What does EXNAX invest in?
- The fund primarily directs at least 80% of its total assets, including any borrowed capital, into municipal obligations. These securities are specifically selected because their income is exempt from ordinary federal income tax. Importantly, the fund has no restrictions on investing in municipal obligations whose interest might be subject to the federal alternative minimum tax. Under normal market conditions, a minimum of 65% of the net assets will be allocated to municipal bonds deemed investment-grade at the point of acquisition. Moreover, the fund will not commit more than 10% of its net assets to obligations carrying a credit rating below B.
- What is the expense ratio of EXNAX?
- Eaton Vance National Ltd Mat Muni Inc A (EXNAX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.
- What is EXNAX's dividend yield?
- EXNAX's trailing-twelve-month yield is 3.18%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of EXNAX?
- Effective duration measures EXNAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EXNAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of EXNAX?
- EXNAX'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 EXNAX?
- Yield to maturity (YTM) is the total return you'd earn from EXNAX if every bond in the portfolio is held to maturity at the current price. EXNAX'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.
