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EILMX Eaton Vance Floating-Rate Muni Inc I

  • Fund
  • EILMX
  • Price as of: Apr 22, 2019
  • $9.84
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

EILMX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $719 M
  • Holdings in Top 10 19.7%

52 WEEK LOW AND HIGH

$9.84
$9.83
$9.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 78.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.08%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Eaton Vance Floating-Rate Municipal Income Fund
  • Fund Family Name Eaton Vance
  • Inception Date Aug 03, 2010
  • Shares Outstanding 46929857
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Adam A. Weigold

Fund Description

Under normal market circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations, that are exempt from regular federal income tax. It also invests at least 80% of its total assets in (i) municipal floating-rate bonds or obligations and (ii) fixed-rate municipal obligations with respect to which the fund enters into agreements to swap the fixed rate for a floating rate.

EILMX - Performance

Return Ranking - Trailing

Period EILMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -13.2% 99.4% 63.11% 5
1 Yr 1.7% -5.8% 10.7% 82.41% 5
3 Yr 1.3% * -4.5% 7.0% 68.56% 4
5 Yr 0.9% * -0.3% 5.8% 88.54% 5
10 Yr 2.5% * -0.1% 9.2% 75.51% 4

* Annualized


Return Ranking - Calendar

Period EILMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 0.1% -5.3% 3.8% 6.42% 1
2017 0.3% -5.6% 7.2% 52.99% 4
2016 -0.1% -8.5% 8.8% 5.98% 1
2015 -1.1% -10.9% 8.6% 55.92% 5
2014 0.2% -9.8% 12.0% 58.61% 4

Total Return Ranking - Trailing

Period EILMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -13.2% 99.4% 62.94% 5
1 Yr 1.7% -8.9% 8.9% 58.96% 3
3 Yr 1.3% * -5.4% 7.0% 53.26% 3
5 Yr 0.9% * -1.4% 5.8% 85.76% 5
10 Yr 2.5% * -0.1% 9.2% 74.90% 4

* Annualized


Total Return Ranking - Calendar

Period EILMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 0.1% -5.3% 3.8% 6.76% 1
2017 0.3% -5.6% 6.9% 54.70% 4
2016 -0.1% -8.2% 9.3% 10.77% 1
2015 -1.1% -10.3% 8.6% 63.46% 5
2014 0.4% -9.8% 17.0% 62.34% 5

NAV & Total Return History

EILMX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

EILMX Category Low Category High EILMX % Rank Quintile
Net Assets 719 M 491 K 65.3 B 21.90% 3
Number of Holdings 145 1 8026 28.39% 4
Net Assets in Top 10 143 M -224 M 1.76 B 16.94% 3
Weighting of Top 10 19.7% 0.0% 100.0% 10.65% 2

Top 10 Holdings

  1. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 2.68% 2.82%
  2. BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 2.1% 2.76%
  3. PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 2.54% 2.41%
  4. HOUSTON TEX UTIL SYS REV 2.1% 1.92%
  5. DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV 2.44% 1.78%
  6. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.36% 1.66%
  7. KENTUCKY ASSET / LIABILITY COMMN GEN FD REV 2.35% 1.65%
  8. IOWA FIN AUTH REV 2.06% 1.57%
  9. UNIVERSITY N C CHAPEL HILL REV 2.08% 1.57%
  10. MASSACHUSETTS ST 2.38% 1.57%

Asset Allocation

Weighting Category Low Category High EILMX % Rank Quintile
Bonds
99.92% 0.00% 202.21% 2.90% 1
Cash
0.08% -110.85% 100.00% 30.48% 5
Stocks
0.00% 0.00% 0.08% 0.64% 5
Preferred Stocks
0.00% 0.00% 9.24% 0.81% 5
Other
0.00% -2.77% 30.00% 5.48% 5
Convertible Bonds
0.00% 0.00% 2.54% 0.65% 5

Bond Sector Breakdown

Weighting Category Low Category High EILMX % Rank Quintile
Municipal
99.92% 0.00% 115.16% 2.74% 1
Cash & Equivalents
0.08% -110.85% 100.00% 29.68% 5
Derivative
0.00% -5.91% 0.85% 0.48% 5
Securitized
0.00% 0.00% 25.65% 2.42% 5
Corporate
0.00% 0.00% 39.97% 5.00% 5
Government
0.00% -16.67% 117.34% 4.84% 4

Bond Geographic Breakdown

Weighting Category Low Category High EILMX % Rank Quintile
US
99.92% 0.00% 202.21% 1.94% 1
Non US
0.00% 0.00% 27.66% 14.68% 5

EILMX - Expenses

Operational Fees

EILMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.08% 4.80% 22.54% 1
Management Fee 0.34% 0.00% 0.65% 4.03% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

EILMX Fees (% of AUM) Category Low Category High EILMX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

EILMX Fees (% of AUM) Category Low Category High EILMX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EILMX Fees (% of AUM) Category Low Category High EILMX Rank Quintile
Turnover 78.00% 0.00% 504.54% 4.67% 5

EILMX - Distributions

Dividend Yield Analysis

EILMX Category Low Category High EILMX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.01% 36.20% 5

Dividend Distribution Analysis

EILMX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

EILMX Category Low Category High EILMX % Rank Quintile
Net Income Ratio 1.08% 0.01% 5.26% 40.90% 5

Capital Gain Distribution Analysis

EILMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

EILMX - Managers

Adam A. Weigold

Manager

Start Date

Jan 01, 2014

Tenure

5.25

Tenure Rank

13.4%

Mr. Weigold is a Vice President of Eaton Vance, has been an Eaton Vance portfolio manager for more than five years and also manages other Eaton Vance funds. Each portfolio manager is a Vice President of Eaton Vance and BMR and also manages other Eaton Vance portfolios, and Mr. Weigold was appointed a portfolio manager in 2007 and has been a municipal credit analyst of Eaton Vance for more than five years.


Craig Robert Brandon

Manager

Start Date

Sep 30, 2004

Tenure

14.51

Tenure Rank

4.7%

Craig R. Brandon is Vice President of Boston Management and Research. Brandon joined Eaton Vance in 1998 as a credit analyst in the Municipal Bond Department responsible for high grade and high yield bonds in various sectors. He became vice president in 2001 and portfolio manager in 2004. Before Eaton Vance, Brandon was a senior analyst for the New York State Assembly Ways and Means Committee where he was the Assembly’s lead analyst for capital finance, debt service and financial plan issues. Brandon holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

39.5

Category Average

7.81

Category Mode

4.3