Mutual Fund Insights: Eaton Vance NJ Municipals C Fund (ECNJX)

In-depth Analysis of Eaton Vance NJ Municipals C Fund (ECNJX)

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See Eaton Vance NJ Municipals C Fund (ECNJX) performance details as of January 31, 2010

  

Last Trade: $9.61 on 3/11/2010, Change: 0.00 (0%)

  

Fund Manager - Robert B. MacIntosh

Fund Manager Tenure: 19.2 years
Fundmojo Fund Grade: E (Score: 0.34)     (What does this score mean?)

MacIntosh is a vice president with Eaton Vance Management, his employer since 1991. Previously, he spent eight years with Fidelity Investments, first as a senior bond analyst and then as a municipal-bond portfolio manager. MacIntosh holds the Chartered Financial Analyst designation. He is a member of the Association for Investment Management and Research and the Boston Municipal Analysts Forum.  Get more insights on Robert B. MacIntosh

  

 What we like about Eaton Vance NJ Municipals C Fund (ECNJX)

Data for Eaton Vance NJ Municipals C Fund (ECNJX) as of January 31, 2010

• Eaton Vance NJ Municipals C Fund (ECNJX) management has been with Eaton Vance NJ Municipals C Fund for 19.2 years
• Eaton Vance NJ Municipals C Fund (ECNJX) has good short-term performance (1-year return 20.42% vs 12.62% Muni New Jersey category average)

  

 What we are cautious about Eaton Vance NJ Municipals C Fund (ECNJX)

Data for Eaton Vance NJ Municipals C Fund (ECNJX) as of January 31, 2010

• Eaton Vance NJ Municipals C Fund is a focused fund with 35.17% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Eaton Vance NJ Municipals C Fund (ECNJX) has a less-than-ideal mid-term performance (3-year return -1.22% vs 2.92% Muni New Jersey category average)
• Eaton Vance NJ Municipals C Fund (ECNJX) has a less-than-ideal Long-term performance (5-year return 1.21% vs 3.24% Muni New Jersey category average)
• Eaton Vance NJ Municipals C Fund (ECNJX) ratio of up-years vs down years can be improved
• Eaton Vance NJ Municipals C Fund (ECNJX) has a Morningstar rating of 3 and below
• Eaton Vance NJ Municipals C Fund (ECNJX) is less safe compared to its Muni New Jersey peers
• Eaton Vance NJ Municipals C Fund (ECNJX) has an annual stock turnover rate of 35.00% that is higher than the Muni New Jersey average of 21.12%. This could mean Eaton Vance NJ Municipals C is more nimble, but also signal potential high tax impact and high trading fees
• Eaton Vance NJ Municipals C Fund (ECNJX) does not have a good risk adjusted return as its 3-year Alpha of -7.42 is worse than category average of -1.88, and its 3-year Sharpe ratio is -0.18
• Eaton Vance NJ Municipals C Fund (ECNJX) is more volatile than its peers as it has a 3-year Standard Deviation of 13.16 that is higher than category average of 7.29
• Eaton Vance NJ Municipals C Fund (ECNJX) has a higher management fee of 1.59% than its Muni New Jersey average of 1.02%
• Eaton Vance NJ Municipals C Fund (ECNJX) carries a 1% load

See Eaton Vance NJ Municipals C Fund (ECNJX) performance details as of January 31, 2010

  

  

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Eaton Vance NJ Municipals C Fund (ECNJX) Net Asset

Track net asset change of Eaton Vance NJ Municipals C fund (ECNJX)

Date	Net Asset
01/2010	$30.45M
11/2009	$29.92M
10/2009	$29.80M

More historic net asset information on Eaton Vance NJ Municipals C Fund (ECNJX)

  

Eaton Vance NJ Municipals C Fund (ECNJX) Portfolio Allocation

Track portfolio allocation change of Eaton Vance NJ Municipals C fund (ECNJX)

Date	Cash	Stock	Bond	Other
09/2009	0.36%	0%	99.64%	0%
06/2009	0%	0%	100%	0%
03/2009	1.12%	0%	98.88%	0%

Click here to see more historic asset allocation information on Eaton Vance NJ Municipals C Fund (ECNJX)

  

Most Recent Top 10 Holdings in Eaton Vance NJ Municipals C Fund (ECNJX)

Discover what Eaton Vance NJ Municipals C Fund (ECNJX) manager is buying

30-Sep-09 Port Auth 6.125% [8.51%] New Jersey Econ Dev Auth 4.9% [3.78%] New Jersey Econ Dev Auth 4.875% [3.44%] Jackson Twp N J Sch Dist 2.5% [3.36%] New Jersey Health Care Facs Fi Rev Re 5% [3.04%] New Jersey St Tpk Auth 5.25% [2.8%] NEW JERSEY HEALTH CARE FACS FI REV BDS [2.71%] New Jersey Health Care Facs Fi Sta 5.25% [2.63%] New Jersey Health Care Facs Fi Rev Bd 5% [2.51%] New Jersey St Higher Ed Assist Re 6.125% [2.39%]

30-Jun-09 Port Auth 6.125% [8.67%] New Jersey Econ Dev Auth 4.9% [4.06%] New Jersey Econ Dev Auth 4.875% [3.69%] Jackson Twp N J Sch Dist 2.5% [3.35%] NEW JERSEY HEALTH CARE FACS FI STATE CON [3.13%] New Jersey Health Care Facs Fi Rev Re 5% [3.04%] New Jersey St Tpk Auth 5.25% [2.94%] New Jersey St Higher Ed Assist Re 6.125% [2.51%] New Jersey Health Care Facs Fi Rev Bd 5% [2.47%] NEW JERSEY HEALTH CARE FACS FI REV BDS [2.31%]

31-Mar-09 Port Auth 6.125% [9.22%] New Jersey Econ Dev Auth 4.9% [4.44%] New Jersey Econ Dev Auth 4.875% [3.75%] Jackson Twp N J Sch Dist 2.5% [3.44%] New Jersey Health Care Facs Fi Sta 5.25% [3.27%] New Jersey Health Care Facs Fi Rev Re 5% [2.98%] New Jersey St Higher Ed Assist Re 6.125% [2.66%] New Jersey Health Care Facs Fi Rev Bd 5% [2.42%] New Jersey Health Care Facs Fi Rev Bd 5% [2.33%] North Hudson Sew Auth [2.32%]

Click here for Stock Holding Change Map in Eaton Vance NJ Municipals C Fund (ECNJX)

  

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Latest News on Eaton Vance NJ Municipals C (ECNJX)

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See more information on Eaton Vance NJ Municipals C Fund (ECNJX)

• Eaton Vance NJ Municipals C Fund Insights
• Eaton Vance NJ Municipals C Fund Performance Data
• Eaton Vance NJ Municipals C Fund News
• Eaton Vance NJ Municipals C Fund Score Explaination
• Eaton Vance NJ Municipals C Fund Manager Information
• Historic Eaton Vance NJ Municipals C Fund Asset Allocation Report
• Historic Eaton Vance NJ Municipals C Fund Top 10 Holding Tracking
• Historic Eaton Vance NJ Municipals C Fund Asset Under Management Tracking