EINJX: Eaton Vance New Jersey Municipal Income Fund - MutualFunds.com

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Eaton Vance NJ Municipal Income I

EINJX - Snapshot

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $180 M
  • Holdings in Top 10 24.3%

52 WEEK LOW AND HIGH

$9.56
$8.60
$9.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.49%

SALES FEES

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

BROKERAGE FEES

  • Turnover 37.00%

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 New Jersey

Compare EINJX 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%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.25

-0.01%

$17.86 B

-

-

1.19%

0.07%

EINJX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance New Jersey Municipal Income Fund
  • Fund Family Name
    Eaton Vance
  • Inception Date
    Mar 03, 2008
  • Shares Outstanding
    7143196
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam Weigold

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.


EINJX - Performance

Return Ranking - Trailing

Period EINJX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -8.5% 300.4% 39.69%
1 Yr 3.5% -5.9% 6.6% 14.71%
3 Yr 4.7%* -0.9% 7.4% 6.18%
5 Yr 4.2%* -0.2% 7.0% 10.51%
10 Yr 4.2%* -0.1% 8.1% 18.64%

* Annualized

Return Ranking - Calendar

Period EINJX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -0.3% 15.4% 12.21%
2018 -1.5% -10.3% 97.2% 26.42%
2017 1.2% -100.0% 7.6% 58.82%
2016 -2.9% -7.9% 96.8% 53.47%
2015 -0.2% -4.8% 3.0% 49.67%

Total Return Ranking - Trailing

Period EINJX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -9.2% 300.4% 39.75%
1 Yr 3.5% -8.7% 6.6% 11.68%
3 Yr 4.7%* -2.4% 7.4% 5.65%
5 Yr 4.2%* -1.4% 7.0% 9.74%
10 Yr 4.2%* -0.5% 8.1% 16.89%

* Annualized

Total Return Ranking - Calendar

Period EINJX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -0.3% 15.4% 12.21%
2018 -1.5% -10.3% 11.0% 29.38%
2017 1.2% -100.0% 7.6% 62.25%
2016 -2.9% -7.9% 3.0% 59.27%
2015 -0.2% -4.8% 4.0% 54.55%

NAV & Total Return History


EINJX - Holdings

Concentration Analysis

EINJX Category Low Category High EINJX % Rank
Net Assets 180 M 617 K 78.2 B 70.45%
Number of Holdings 121 3 10083 77.27%
Net Assets in Top 10 44.6 M -202 M 4.54 B 63.78%
Weighting of Top 10 24.26% 2.4% 99.7% 26.75%

Top 10 Holdings

  1. NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% 3.55%
  2. NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 0% 3.26%
  3. GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 0% 3.12%
  4. NEW JERSEY ST TRANSN TR FD AUTH 5.75% 2.61%
  5. PUERTO RICO ELEC PWR AUTH PWR REV 5.25% 2.19%
  6. NEW JERSEY ST TRANSN TR FD AUTH 5% 2.04%
  7. IRVINGTON TWP N J 0% 2.00%
  8. NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV 5% 2.00%
  9. NEW JERSEY HEALTH CARE FACS FING AUTH 5% 1.76%
  10. NEW JERSEY ST HSG & MTG FIN AGY REV 3.8% 1.72%

Asset Allocation

Weighting Return Low Return High EINJX % Rank
Bonds
99.13% 65.51% 149.06% 45.27%
Cash
0.86% -49.07% 34.49% 50.91%
Stocks
0.00% 0.00% 1.67% 54.11%
Preferred Stocks
0.00% -0.98% 1.04% 51.42%
Other
0.00% -1.48% 12.83% 53.68%
Convertible Bonds
0.00% 0.00% 1.83% 51.93%

Bond Sector Breakdown

Weighting Return Low Return High EINJX % Rank
Municipal
99.14% 49.08% 100.00% 44.67%
Cash & Equivalents
0.86% 0.00% 34.49% 54.25%
Derivative
0.00% 0.00% 2.16% 51.59%
Securitized
0.00% 0.00% 6.06% 52.61%
Corporate
0.00% 0.00% 13.25% 59.18%
Government
0.00% 0.00% 49.86% 55.39%

Bond Geographic Breakdown

Weighting Return Low Return High EINJX % Rank
US
96.94% 65.51% 142.92% 51.36%
Non US
2.19% 0.00% 27.43% 31.46%

EINJX - Expenses

Operational Fees

EINJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.01% 4.01% 86.25%
Management Fee 0.36% 0.00% 1.10% 28.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

EINJX 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

EINJX 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.

EINJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 235.00% 77.68%

EINJX - Distributions

Dividend Yield Analysis

EINJX Category Low Category High EINJX % Rank
Dividend Yield 0.00% 0.00% 3.82% 54.65%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

EINJX Category Low Category High EINJX % Rank
Net Income Ratio 2.76% 0.04% 6.48% 33.54%

Capital Gain Distribution Analysis

EINJX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

EINJX - Fund Manager Analysis

Managers

Adam Weigold


Start Date

Tenure

Tenure Rank

Feb 22, 2010

10.61

10.6%

Adam A. Weigold, Vice President of Boston Management and Research. Mr. Weigold was 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.85 8.29 2.76