EIMNX: Eaton Vance Minnesota Municipal Income Fund - MutualFunds.com

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Eaton Vance MN Municipal Income I

EIMNX - Snapshot

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $191 M
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$9.74
$8.90
$9.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Minnesota

Compare EIMNX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.20

-0.09%

$32.33 B

0.00%

$0.00

1.08%

0.17%

$13.39

0.00%

$24.21 B

0.00%

$0.00

0.45%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.17

-0.09%

$17.86 B

-

-

1.06%

0.07%

EIMNX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Minnesota Municipal Income Fund
  • Fund Family Name
    Eaton Vance
  • Inception Date
    Aug 03, 2010
  • Shares Outstanding
    12726882
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Craig Brandon

Fund Description

The fund normally 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 and the state taxes specified in the fund's investment objective. At least 75% of net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment or, if unrated, determined by the investment adviser to be of at least investment grade quality. It is non-diversified.


EIMNX - Performance

Return Ranking - Trailing

Period EIMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -9.1% 300.6% 16.76%
1 Yr 3.5% -5.9% 6.6% 15.91%
3 Yr 3.7%* -0.9% 7.4% 34.12%
5 Yr 3.2%* -0.2% 7.0% 42.47%
10 Yr 3.6%* -0.1% 8.1% 35.79%

* Annualized

Return Ranking - Calendar

Period EIMNX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -0.3% 15.4% 37.26%
2018 -2.2% -10.3% 97.2% 52.52%
2017 1.4% -100.0% 7.6% 54.63%
2016 -3.1% -7.9% 96.8% 66.79%
2015 -0.1% -4.8% 3.0% 42.20%

Total Return Ranking - Trailing

Period EIMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -9.1% 300.6% 16.59%
1 Yr 3.5% -8.7% 6.6% 12.42%
3 Yr 3.7%* -2.4% 7.4% 28.24%
5 Yr 3.2%* -1.4% 7.0% 35.96%
10 Yr 3.6%* -0.5% 8.1% 31.97%

* Annualized

Total Return Ranking - Calendar

Period EIMNX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -0.3% 15.4% 38.62%
2018 -2.2% -10.3% 11.0% 54.92%
2017 1.4% -100.0% 7.6% 58.68%
2016 -3.1% -7.9% 3.0% 71.44%
2015 -0.1% -4.8% 4.0% 47.75%

NAV & Total Return History


EIMNX - Holdings

Concentration Analysis

EIMNX Category Low Category High EIMNX % Rank
Net Assets 191 M 10 78.2 B 69.56%
Number of Holdings 145 3 10083 69.27%
Net Assets in Top 10 35.9 M -202 M 4.54 B 71.15%
Weighting of Top 10 18.90% 2.4% 99.7% 46.84%

Top 10 Holdings

  1. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 4.58%
  2. MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH HEALTH CARE SYS 0.04% 2.87%
  3. METROPOLITAN COUNCIL MINN MINNEAPOLIS-ST PAUL MET AREA 5% 1.68%
  4. ST CLOUD MINN HEALTH CARE REV 5% 1.61%
  5. MINNESOTA ST HIGHER ED FACS AUTH REV 5% 1.49%
  6. MINNESOTA ST 5% 1.41%
  7. ROCHESTER MINN INDPT SCH DIST NO 535 4% 1.36%
  8. HENNEPIN CNTY MINN 5% 1.31%
  9. SCOTT CNTY MINN 4% 1.30%
  10. NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 4% 1.30%

Asset Allocation

Weighting Return Low Return High EIMNX % Rank
Bonds
96.74% 65.51% 149.06% 72.52%
Cash
3.26% -49.07% 34.49% 26.53%
Stocks
0.00% 0.00% 1.58% 39.09%
Preferred Stocks
0.00% -0.98% 1.04% 35.88%
Other
0.00% -1.48% 12.83% 39.00%
Convertible Bonds
0.00% 0.00% 1.83% 36.39%

Bond Sector Breakdown

Weighting Return Low Return High EIMNX % Rank
Municipal
96.74% 49.08% 100.00% 71.77%
Cash & Equivalents
3.26% 0.00% 34.49% 26.64%
Derivative
0.00% 0.00% 2.16% 36.05%
Securitized
0.00% 0.00% 6.06% 37.64%
Corporate
0.00% 0.00% 13.25% 45.98%
Government
0.00% 0.00% 49.86% 40.87%

Bond Geographic Breakdown

Weighting Return Low Return High EIMNX % Rank
US
95.95% 65.51% 142.92% 60.32%
Non US
0.79% 0.00% 27.43% 49.49%

EIMNX - Expenses

Operational Fees

EIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.01% 4.01% 88.84%
Management Fee 0.34% 0.00% 1.10% 20.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

EIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

EIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

EIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 235.00% 28.69%

EIMNX - Distributions

Dividend Yield Analysis

EIMNX Category Low Category High EIMNX % Rank
Dividend Yield 0.00% 0.00% 3.82% 40.09%

Dividend Distribution Analysis

EIMNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

EIMNX Category Low Category High EIMNX % Rank
Net Income Ratio 2.13% 0.04% 6.48% 67.72%

Capital Gain Distribution Analysis

EIMNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

EIMNX - Fund Manager Analysis

Managers

Craig Brandon


Start Date

Tenure

Tenure Rank

Sep 13, 2004

16.06

16.1%

Craig Brandon is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016. Craig began his career in the investment management industry in 1995. He has been affiliated with the Eaton Vance organization since 1998. He has experience with Eaton Vance across a variety of research roles. Before joining the Eaton Vance organization, he was a senior budget and capital finance analyst with the New York State Assembly Ways and Means Committee. Craig earned a B.S. from Canisius College and an MBA from the University of Pittsburgh. He is a member of the CFA Society of Boston, the Boston Municipal Analysts Forum and the National Federation of Municipal Analysts. He is a CFA charterholder.

Christopher Eustance


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.75

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.52 8.32 2.76