Eaton Vance Municipal Bond Fund (EIM)

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Eaton Vance Municipal Bond Fund (EIM) is up 1.9% since the beginning of the year. EIM is currently trading at $10 per share. Investors who bought $1,000 worth of EIM shares 5 years ago would now be looking at an investment worth $896.

Eaton Vance Municipal Bond Fund (EIM) has returned 1.85% so far this year and 5.70% over the past 12 months. Over the last ten years, EIM has returned 1.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Aug 28, 2002, EIM's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jan 2009 with a return of +21.3%, while the worst month was Sep 2008 at -15.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EIM closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +32.7%, while the worst single day was Mar 18, 2020 at -12.8%.

Eaton Vance Municipal Bond Fund has an annualized alpha of 3.03%, beta of 0.24, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since August 28, 2002.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.56%) than losses (18.60%) - typical of diversified or defensive assets.
• Beta of 0.24 may look defensive, but with R2 of 0.08 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.08 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EIM has an expense ratio of 0.01%, which is considered low.

EIM ranks 18 for risk / return — above 18% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Eaton Vance Municipal Bond Fund provided a 6.38% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Eaton Vance Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Eaton Vance 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 Eaton Vance Municipal Bond Fund was 52.50%, occurring on Dec 15, 2008. Recovery took 364 trading sessions.

The current Eaton Vance Municipal Bond Fund drawdown is 11.20%.

The chart below shows the rolling one-month volatility.