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Trending ETFs

Eaton Vance Missouri Municipal Income Fund

mutual fund
ETMOX
Payout Change
Pending
Price as of:
$8.69 +0.01 +0.12%
primary theme
Municipal Bond
ETMOX (Mutual Fund)

Eaton Vance Missouri Municipal Income Fund

Payout Change
Pending
Price as of:
$8.69 +0.01 +0.12%
primary theme
Municipal Bond
ETMOX (Mutual Fund)

Eaton Vance Missouri Municipal Income Fund

Payout Change
Pending
Price as of:
$8.69 +0.01 +0.12%
primary theme
Municipal Bond

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.69

$97.4 M

3.47%

$0.30

0.71%

Vitals

YTD Return

0.7%

1 yr return

3.5%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.8%

Net Assets

$97.4 M

Holdings in Top 10

23.6%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.71%

SALES FEES

Front Load 3.25%

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.69

$97.4 M

3.47%

$0.30

0.71%

ETMOX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.97%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Missouri Municipal Income Fund
  • Fund Family Name
    EATONVANCE
  • Inception Date
    Jan 06, 2003
  • Shares Outstanding
    5236316
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Eustance

Fund Description

Under normal market circumstances, the Fund 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 (the “80% Policy”). The Fund may invest without limit in obligations the income from which is subject to the federal alternative minimum tax. At least 75% of net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment (which are those rated Baa or higher by Moody’s Investors Service, Inc. (“Moody’s”), or BBB or higher by either S&P Global Ratings (“S&P”) or Fitch Ratings (“Fitch”)) or, if unrated, determined by the investment adviser to be of at least investment grade quality. The balance of net assets may be invested in obligations rated below investment grade and in unrated obligations considered to be of comparable quality by the investment adviser (“junk bonds”). The Fund will not invest more than 10% of its net assets in obligations rated below B or in unrated obligations considered to be of comparable quality by the investment adviser. For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. Under normal market conditions, the Fund invests at least 65% of its total assets in obligations issued by its state or its political subdivisions, agencies, authorities and instrumentalities. If consistent with relevant state tax requirements, the Fund may invest up to 35% of its net assets in municipal obligations issued by the governments of Puerto Rico, the U.S. Virgin Islands and Guam. The Fund may invest up to 20% of its net assets in other debt obligations, including (but not limited to) taxable municipal obligations, U.S. Treasury securities and obligations of the U.S. Government, its agencies and instrumentalities. The Fund may purchase or sell derivative instruments (such as residual interest bonds, futures contracts and options thereon, interest rate swaps, and forward rate contracts) for hedging purposes, to seek total return or as a substitute for the purchase or sale of securities. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.

In pursuing its investment objective, the Fund normally acquires municipal obligations with maturities of ten years or more but may acquire municipal obligations with shorter maturities or that are subject to shorter call provisions.  The Fund’s portfolio could have a longer average maturity than is typical of many other funds that invest primarily in municipal obligations.  In such case, the interest rate risk described below may be more significant for the Fund.  The Fund may invest 25% or more of its total assets in certain types of municipal obligations (such as general obligations, municipal leases, principal only municipal investments, revenue bonds and industrial development bonds) and in one or more economic sectors (such as housing, hospitals, healthcare facilities or utilities).  The Fund may invest in pooled investment vehicles, including exchange-traded funds (“ETFs”), in order to seek exposure to the municipal markets or municipal market sectors.  The Fund may invest in restricted securities.

The investment adviser’s process for selecting obligations for purchase and sale emphasizes the creditworthiness of the issuer or other person obligated to repay the obligation and the relative value of the obligation in the market. In evaluating creditworthiness, the investment adviser considers ratings assigned by rating agencies and generally performs additional credit and investment analysis.  When deemed by the investment adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the investment adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio. The portfolio manager(s) also may trade securities to minimize taxable capital gains to shareholders.  A portion of the Fund’s distributions generally will be subject to the federal alternative minimum tax.  The Fund may not be suitable for investors subject to the federal alternative minimum tax.

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ETMOX - Performance

Return Ranking - Trailing

Period ETMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.9% 16.5% 61.53%
1 Yr 3.5% -1.4% 27.6% 67.88%
3 Yr -1.2%* -11.1% 2.8% 58.80%
5 Yr 0.8%* -6.3% 1102.2% 49.52%
10 Yr 2.1%* -0.5% 248.4% 33.79%

* Annualized

Return Ranking - Calendar

Period ETMOX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -1.4% 41.0% 80.78%
2022 -10.8% -39.7% 0.3% 42.47%
2021 -1.2% -5.6% 6.9% 83.31%
2020 2.6% -2.6% 310.0% 12.92%
2019 3.7% 0.0% 26.0% 53.28%

Total Return Ranking - Trailing

Period ETMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.9% 16.5% 61.53%
1 Yr 3.5% -1.4% 27.6% 67.88%
3 Yr -1.2%* -11.1% 2.8% 58.80%
5 Yr 0.8%* -6.3% 1102.2% 49.52%
10 Yr 2.1%* -0.5% 248.4% 33.79%

* Annualized

Total Return Ranking - Calendar

Period ETMOX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -1.3% 41.0% 61.43%
2022 -8.5% -39.7% 1.1% 41.35%
2021 0.9% -4.8% 23761504.0% 67.55%
2020 5.5% -1.5% 17057.9% 10.06%
2019 6.8% 0.2% 3514.6% 42.04%

NAV & Total Return History


ETMOX - Holdings

Concentration Analysis

ETMOX Category Low Category High ETMOX % Rank
Net Assets 97.4 M 3.22 M 71.9 B 85.70%
Number of Holdings 83 2 13067 91.29%
Net Assets in Top 10 23 M -317 M 3.56 B 84.41%
Weighting of Top 10 23.58% 2.0% 100.2% 26.27%

Top 10 Holdings

  1. KANSAS CITY MO WTR REVENUE 2.83%
  2. BI-STATE DEV AGY MO OF THE MO-IL MET DIST REVENUE 2.67%
  3. MISSOURI ST HLTH EDUCTNL FACS AUTH HLTH FACS REVENUE 2.41%
  4. NORTH KANSAS CITY MO SCH DIST #74 2.40%
  5. MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE 2.31%
  6. MISSOURI ST HLTH EDUCTNL FACS AUTH HLTH FACS REVENUE 2.23%
  7. MISSOURI ST HLTH EDUCTNL FACS AUTH HLTH FACS REVENUE 2.22%
  8. MISSOURI ST HLTH EDUCTNL FACS AUTH HLTH FACS REVENUE 2.19%
  9. CURATORS OF THE UNIV OF MISSOURI MO SYS FACS REVENUE 2.18%
  10. MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE 2.13%

Asset Allocation

Weighting Return Low Return High ETMOX % Rank
Bonds
98.94% 0.00% 150.86% 43.25%
Cash
1.06% -50.86% 46.80% 55.36%
Stocks
0.00% 0.00% 99.81% 59.09%
Preferred Stocks
0.00% 0.00% 0.56% 53.09%
Other
0.00% -3.18% 33.35% 55.69%
Convertible Bonds
0.00% 0.00% 0.93% 53.10%

Bond Sector Breakdown

Weighting Return Low Return High ETMOX % Rank
Municipal
94.79% 44.39% 100.00% 82.84%
Derivative
0.00% -3.18% 19.67% 53.35%
Cash & Equivalents
0.00% 0.00% 46.24% 79.79%
Securitized
0.00% 0.00% 5.93% 53.62%
Corporate
0.00% 0.00% 9.41% 61.25%
Government
0.00% 0.00% 52.02% 57.01%

Bond Geographic Breakdown

Weighting Return Low Return High ETMOX % Rank
US
98.94% 0.00% 142.23% 41.26%
Non US
0.00% 0.00% 23.89% 55.30%

ETMOX - Expenses

Operational Fees

ETMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 20.65% 53.19%
Management Fee 0.31% 0.00% 1.20% 18.38%
12b-1 Fee 0.20% 0.00% 1.00% 30.71%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

ETMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 0.50% 4.75% 59.49%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

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

ETMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 283.00% 55.83%

ETMOX - Distributions

Dividend Yield Analysis

ETMOX Category Low Category High ETMOX % Rank
Dividend Yield 3.47% 0.00% 14.51% 23.18%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ETMOX Category Low Category High ETMOX % Rank
Net Income Ratio 1.97% -0.53% 5.33% 48.65%

Capital Gain Distribution Analysis

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

Distributions History

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ETMOX - Fund Manager Analysis

Managers

Christopher Eustance


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58