EVHYX: Eaton Vance High-Yield Municipal Inc B

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EVHYX Eaton Vance High-Yield Municipal Inc B

  • Fund
  • EVHYX
  • Price as of: Aug 15, 2019
  • $9.31 + $0.01 + 0.11%
  • Primary Category
  • N/A
  • Share Class

EVHYX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $1.29 B
  • Holdings in Top 10 11.4%

52 WEEK LOW AND HIGH

$9.31
$8.63
$9.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.71%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 02, 2012

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.10%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Eaton Vance High Yield Municipal Income Fund
  • Fund Family Name Eaton Vance
  • Inception Date Aug 07, 1995
  • Shares Outstanding 16200
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Cynthia J. Clemson

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations (including notes and tax-exempt commercial paper) issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax (the "80% Policy"). It will primarily invest in "high yield" municipal obligations under normal market conditions.

EVHYX - Performance

Return Ranking - Trailing

Period EVHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% 0.7% 9.1% 43.82%
1 Yr 7.2% 0.1% 6.9% 10.80%
3 Yr 3.0%* -1.8% 2.4% 49.66%
5 Yr 4.8%* -0.5% 2.3% 38.71%
10 Yr 6.8%* -0.3% 2.5% 26.83%

* Annualized


Return Ranking - Calendar

Period EVHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.3% -4.6% 9.2% 48.19%
2017 3.9% -9.7% 8.6% 55.78%
2016 -2.7% -4.8% -0.8% 33.33%
2015 0.6% -5.6% 2.9% 37.10%
2014 12.8% 3.0% 12.9% 2.54%

Total Return Ranking - Trailing

Period EVHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% 0.7% 9.1% 43.82%
1 Yr 2.2% 0.1% 6.9% 14.20%
3 Yr 1.7%* -1.8% 3.5% 53.79%
5 Yr 4.5%* -0.5% 4.9% 45.16%
10 Yr 6.8%* -0.3% 6.6% 31.71%

* Annualized


Total Return Ranking - Calendar

Period EVHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.3% -4.6% 9.2% 51.20%
2017 3.9% -9.7% 8.8% 59.18%
2016 -2.7% -4.8% 1.0% 39.72%
2015 0.6% -5.6% 5.3% 41.13%
2014 12.8% 3.0% 15.0% 6.78%

NAV & Total Return History

EVHYX - Holdings

Concentration Analysis

EVHYX Category Low Category High EVHYX % Rank
Net Assets 1.29 B 25.8 M 21.6 B 40.11%
Number of Holdings 412 6 3572 52.46%
Net Assets in Top 10 143 M 6.78 M 2.15 B 42.62%
Weighting of Top 10 11.43% 4.8% 98.4% 57.38%

Top 10 Holdings

  1. MIAMI-DADE CNTY FLA PROFESSIONAL SPORTS FRANCHISE FACS TAX REV 0% 1.61%

  2. BURKE CNTY GA DEV AUTH POLLUTN CTL REV 4.12% 1.28%

  3. NEW JERSEY ST TRANSN TR FD AUTH 5% 1.19%

  4. DETROIT MICH WTR SUPPLY SYS REV 5.25% 1.12%

  5. PHENIX CITY ALA INDL DEV BRD ENVIRONMENTAL IMPT REV 4.12% 1.11%

  6. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 6% 1.10%

  7. CHICAGO ILL 7.75% 1.06%

  8. TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5% 1.02%

  9. NORTH TEX TWY AUTH REV 6.2% 0.98%

  10. MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH HEALTH CARE SYS 0.45% 0.96%


Asset Allocation

Weighting Return Low Return High EVHYX % Rank
Bonds
99.58% 92.64% 103.98% 34.97%
Cash
0.42% -3.98% 7.36% 59.02%
Stocks
0.00% 0.00% 0.45% 11.48%
Preferred Stocks
0.00% 0.00% 0.41% 5.46%
Other
0.00% 0.00% 0.53% 13.11%
Convertible Bonds
0.00% 0.00% 0.00% 3.28%

Bond Sector Breakdown

Weighting Return Low Return High EVHYX % Rank
Municipal
98.87% 91.22% 102.57% 58.47%
Corporate
0.71% 0.00% 5.78% 7.10%
Cash & Equivalents
0.42% -4.28% 7.36% 57.38%
Derivative
0.00% -0.11% 0.04% 8.20%
Securitized
0.00% 0.00% 0.02% 5.46%
Government
0.00% -5.20% 4.94% 12.02%

Bond Geographic Breakdown

Weighting Return Low Return High EVHYX % Rank
US
99.58% 81.75% 100.39% 8.74%
Non US
0.00% 0.00% 13.43% 92.90%

EVHYX - Expenses

Operational Fees

EVHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.71% 0.11% 3.49% 11.36%
Management Fee 0.45% 0.00% 1.32% 17.49%
12b-1 Fee 1.00% 0.00% 1.00% 76.72%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

EVHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 5.00% 1.00% 5.50% 4.44%

Trading Fees

EVHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

EVHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 1.00% 280.00% 54.95%

EVHYX - Distributions

Dividend Yield Analysis

EVHYX Category Low Category High EVHYX % Rank
Dividend Yield 2.41% 0.00% 19681.70% 29.51%

Dividend Distribution Analysis

EVHYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

EVHYX Category Low Category High EVHYX % Rank
Net Income Ratio 3.10% 0.76% 6.09% 80.68%

Capital Gain Distribution Analysis

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

EVHYX - Managers

Cynthia J. Clemson

Manager

Start Date

Tenure

Tenure Rank

Sep 03, 2004

14.92

14.9%

Cynthia J. Clemson is Vice President of Boston Management and Research. Clemson is a vice president with Eaton Vance Management and has been managing portfolios since April 1992. She joined the company as an analyst in 1988. Clemson is a member of the Financial Analysts Federation and the Boston Security Analysts Society.


Tenure Analysis

Category Low

0.09

Category High

27.68

Category Average

7.34

Category Mode

6.58