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Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund Ranking and Research

Ranking, Research and Recommendation of Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) ManagerFund Manager - Adam A. Weigold

Fund Manager Information

Fund Manager Tenure: 6.6 years
Fund Family: Eaton Vance
Fund Category: Muni National Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.53)     (What does this score mean?)

 

Graph of Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) ProfileEaton Vance Floating-Rate Muni Inc I Fund (EILMX) Profile

Fund Profile and Description

Eaton Vance Floating-Rate Muni Inc I Fund seeks to provide a high level of current income. Eaton Vance Floating-Rate Muni Inc I Fund normally invests at least 80% of net assets in municipal obligations, the interest on which is exempt from regular federal income tax. It normally invests at least 75% of net assets in municipal obligations rated at least investment grade at the time of investment, or BBB or higher by either S&P or Fitch or unrated, determined by the advisor to be of at least investment grade quality. Eaton Vance Floating-Rate Muni Inc I Fund normally does not invest in an obligation if the interest on that obligation is subject to the federal alternative minimum tax.

 

Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund Strength What we like about Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund

Data for Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) as of May 30, 2016

  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) management has been with Eaton Vance Floating-Rate Muni Inc I Fund for 6.6 years
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has good Long-term performance (5-year return 1.50% vs 1.38% Muni National Short category median performance)
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has an annual stock turnover rate of 7.00% vs Muni National Short average of 25.33%. It is good that Eaton Vance Floating-Rate Muni Inc I management does not trade extensively for its return.
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has a lower expense ratio than its Muni National Short average: 0.46% vs 0.71%
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) Weakness What we are cautious about Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund

Data for Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) as of May 30, 2016

  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has a less-than-ideal short-term performance (1-year return 0.05% vs 1.39% Muni National Short category median performance)
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has a less-than-ideal mid-term performance (3-year return -0.91% vs 0.80% Muni National Short category median performance)
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) ratio of up-years vs down years can be improved
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has a Morningstar rating of 3 and below
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) is less safe compared to its Muni National Short peers
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) does not have a good risk adjusted return as its 3-year Alpha of -2.52 is worse than category average of -0.36, and its 3-year Sharpe ratio is -0.54
  • Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) is more volatile than its peers as it has a 3-year Standard Deviation of 1.81 that is higher than category average of 1.26
  • Asset base in Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) performance details as of May 30, 2016

 

What do you think?

 

Compare Eaton Vance Floating-Rate Muni Inc I Fund (EILMX)Compare with other top Muni National Short category mutual funds

Aadditional top Muni National Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Eaton Vance Floating-Rate Muni Inc I0.370.05-0.911.50
Wells Fargo Advantage Strat Muni Bd Adm (VMPYX)1.413.242.513.08Compare

See top fund managers for Muni National Short Category Funds

 

Compare Eaton Vance Floating-Rate Muni Inc I Fund (EILMX)Compare with Muni National Short category ETFs

Some Muni National Short ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Short Municipal ETF (SMB)1.00%2.60%1.17%
Market Vectors Pre-Refunded Muni ETF (PRB)0.80%2.12%0.37%
PIMCO Short Term Municipal Bond Actv ETF (SMMU)0.82%1.71%0.80%
iShares ST National AMTFree Muni Bnd (SUB)000
SPDR Nuveen Barclays ST Muni Bd ETF (SHM)000

 

Graph of Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) Net Asset TrackingEaton Vance Floating-Rate Muni Inc I (EILMX) Fund Net Asset

Track net asset change of Eaton Vance Floating-Rate Muni Inc I fund (EILMX)

DateNet Asset
05/2016$148.94M
03/2016$162.84M
02/2016$162.84M
More historic net asset information on Eaton Vance Floating-Rate Muni Inc I Fund (EILMX)

  

Graph of Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) Portfolio TrackingEaton Vance Floating-Rate Muni Inc I (EILMX) Fund Portfolio Allocation

Track portfolio allocation change of Eaton Vance Floating-Rate Muni Inc I fund (EILMX)

DateCashStockBondOther
04/20166.78%0%91.94%1.28%
01/20166.15%0%92.63%1.22%
12/20158.02%0%90.79%1.19%
Click here to see more historic asset allocation information on Eaton Vance Floating-Rate Muni Inc I Fund (EILMX)

 

graph of Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) Top 10 Position TrackingTop 10 Holdings in Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund

Discover what Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) manager is buying

Apr 29, 2016
New Jersey St Transn Tr Fd Aut Transn Pr [5.8%]
Gainesville & Hall Cnty Ga Hos Rev Antic [5.08%]
Long Island Pwr Auth 0.76% [5.05%]
North Tex Twy Auth [5%]
Fredericksburg Va Econ Dev Ref Bds 2.29% [4.57%]
New Mexico Mun Engy Acquisit Ref Bds [4.41%]
Whiting Ind Environmental Facs Rev Bds [4.33%]
West Virginia Univ Revs Impt 0.92% [2.83%]
Beaver Cnty Pa Indl Dev Auth 2.5% [2.67%]
Lancaster Port Auth [2.6%]

Jan 30, 2016
New Jersey St Transn Tr Fd Aut Transn Pr [5.59%]
Long Island Pwr Auth 0.76% [4.82%]
Gainesville & Hall Cnty Ga Hos Rev Antic [4.81%]
North Tex Twy Auth [4.77%]
Fredericksburg Va Econ Dev Ref Bds 1.92% [4.37%]
New Mexico Mun Engy Acquisit Ref Bds [4.21%]
Whiting Ind Environmental Facs Rev Bds [4.17%]
Oregon St Econ Dev Rev Ref Rev B 0.22% [3.03%]
West Virginia Univ Revs Impt 0.55% [2.71%]
Beaver Cnty Pa Indl Dev Auth 2.5% [2.51%]

Dec 30, 2015
New Jersey St Transn Tr Fd Aut Transn Pr [5.48%]
Long Island Pwr Auth 0.76% [4.73%]
Gainesville & Hall Cnty Ga Hos Rev Antic [4.71%]
North Tex Twy Auth [4.68%]
Fredericksburg Va Econ Dev Ref Bds 1.91% [4.29%]
New Mexico Mun Engy Acquisit Ref Bds [4.13%]
Whiting Ind Environmental Facs Rev Bds [4.08%]
Oregon St Econ Dev Rev Ref Rev B 0.22% [2.97%]
West Virginia Univ Revs Impt 0.54% [2.66%]
Beaver Cnty Pa Indl Dev Auth 2.5% [2.46%]
Click here for Stock Holding Change Map in Eaton Vance Floating-Rate Muni Inc I Fund (EILMX)

  

Latest News on Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund

See what is happening with Eaton Vance Floating-Rate Muni Inc I Fund (EILMX)

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Eaton Vance Floating-Rate Muni Inc I Fund (EILMX) Related ResourcesSee more information on Eaton Vance Floating-Rate Muni Inc I (EILMX) Fund

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