Parametric TABS Short-Term Municipal Bond Fund (EIBSX)
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of municipal obligations, the interest on which is exempt from regular federal income tax. It normally invests in municipal obligations rated in the three highest rating categories or, if unrated, determined by the investment adviser to be of comparable quality at the time of purchase. The adviser currently targets an average portfolio duration of approximately 2 - 4.5 years and an average weighted portfolio maturity of approximately 3 - 6 years.
Fund Info
US27826M7671
27826M767
Mar 26, 2009
$1,000,000
Expense Ratio
EIBSX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parametric TABS Short-Term Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Parametric TABS Short-Term Municipal Bond Fund had a return of 0.69% year-to-date (YTD) and 3.25% in the last 12 months. Over the past 10 years, Parametric TABS Short-Term Municipal Bond Fund had an annualized return of 1.20%, while the S&P 500 had an annualized return of 11.26%, indicating that Parametric TABS Short-Term Municipal Bond Fund did not perform as well as the benchmark.
EIBSX
0.69%
0.69%
0.72%
3.25%
0.75%
1.20%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of EIBSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.69% | 0.69% | |||||||||||
| 2024 | -0.44% | -0.04% | -0.04% | -0.94% | -0.14% | 1.28% | 1.08% | 1.07% | 1.02% | -1.39% | 0.97% | -0.82% | 1.58% |
| 2023 | 2.23% | -1.53% | 1.64% | 0.04% | -0.65% | 0.24% | 0.14% | -0.55% | -2.16% | -0.56% | 4.21% | 2.06% | 5.05% |
| 2022 | -1.80% | -0.39% | -2.42% | -1.70% | 1.29% | -0.88% | 1.93% | -1.61% | -2.33% | -0.32% | 3.33% | 0.22% | -4.76% |
| 2021 | 0.25% | -0.85% | -0.13% | 0.45% | 0.16% | 0.07% | 0.62% | -0.23% | -0.58% | -0.12% | 0.35% | -0.68% | -0.71% |
| 2020 | 1.38% | 0.88% | -0.46% | 0.03% | 2.53% | -0.01% | 0.90% | -0.39% | 0.06% | -0.22% | 0.51% | -1.48% | 3.74% |
| 2019 | 0.83% | 0.35% | 0.63% | 0.06% | 0.83% | 0.34% | 0.53% | 0.71% | -0.61% | 0.14% | 0.14% | 0.24% | 4.26% |
| 2018 | -0.72% | -0.24% | 0.04% | -0.34% | 0.73% | 0.15% | 0.23% | -0.05% | -0.33% | -0.25% | 0.66% | 0.83% | 0.70% |
| 2017 | 0.61% | 0.63% | 0.04% | 0.52% | 0.80% | -0.33% | 0.52% | 0.42% | -0.52% | -0.15% | -0.63% | 0.41% | 2.32% |
| 2016 | 1.07% | 0.31% | -0.17% | 0.31% | -0.25% | 0.50% | 0.21% | -0.08% | -0.35% | -0.36% | -2.43% | 0.13% | -1.14% |
| 2015 | 1.24% | -0.61% | -0.17% | -0.07% | -0.44% | 0.13% | 0.51% | 0.03% | 0.60% | 0.40% | -0.15% | -0.35% | 1.13% |
| 2014 | 0.96% | 0.69% | -0.65% | 0.59% | 0.58% | -0.07% | 0.11% | 0.58% | -0.07% | 0.21% | 0.04% | -0.36% | 2.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EIBSX is 59, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parametric TABS Short-Term Municipal Bond Fund (EIBSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Parametric TABS Short-Term Municipal Bond Fund provided a 3.29% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.29 | $0.16 | $0.08 | $0.11 | $0.19 | $0.18 | $0.17 | $0.15 | $0.16 | $0.15 |
Dividend yield | 3.29% | 3.27% | 2.88% | 1.62% | 0.79% | 1.05% | 1.76% | 1.75% | 1.63% | 1.47% | 1.50% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Parametric TABS Short-Term Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.16 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2018 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2017 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Parametric TABS Short-Term Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parametric TABS Short-Term Municipal Bond Fund was 10.66%, occurring on Oct 25, 2022. Recovery took 483 trading sessions.
The current Parametric TABS Short-Term Municipal Bond Fund drawdown is 0.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.66% | Aug 11, 2020 | 557 | Oct 25, 2022 | 483 | Sep 27, 2024 | 1040 |
| -7.86% | Mar 10, 2020 | 9 | Mar 20, 2020 | 38 | May 14, 2020 | 47 |
| -5.51% | Dec 10, 2012 | 136 | Jun 25, 2013 | 330 | Oct 15, 2014 | 466 |
| -4.35% | Aug 27, 2010 | 98 | Jan 14, 2011 | 137 | Aug 2, 2011 | 235 |
| -3.75% | Aug 25, 2016 | 69 | Dec 1, 2016 | 188 | Aug 31, 2017 | 257 |
Volatility
Volatility Chart
The current Parametric TABS Short-Term Municipal Bond Fund volatility is 0.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.