Eaton Vance Georgia Municipal Income Fund (ETGAX)
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. At least 75% of net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment or, if unrated, determined by the investment adviser to be of at least investment grade quality. It is non-diversified.
Fund Info
| ISIN | US27826L5957 |
|---|---|
| CUSIP | 27826L595 |
| Issuer | Eaton Vance |
| Inception Date | Dec 6, 1993 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
ETGAX features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Popular comparisons: ETGAX vs. ABHYX, ETGAX vs. VTI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Georgia Municipal Income 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
Eaton Vance Georgia Municipal Income Fund had a return of 1.43% year-to-date (YTD) and 7.17% in the last 12 months. Over the past 10 years, Eaton Vance Georgia Municipal Income Fund had an annualized return of 2.05%, while the S&P 500 had an annualized return of 11.41%, indicating that Eaton Vance Georgia Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.43% | 25.70% |
| 1 month | -0.23% | 3.51% |
| 6 months | 1.79% | 14.80% |
| 1 year | 7.17% | 37.91% |
| 5 years (annualized) | 1.05% | 14.18% |
| 10 years (annualized) | 2.05% | 11.41% |
Monthly Returns
The table below presents the monthly returns of ETGAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.12% | -0.12% | -0.00% | -0.97% | -0.12% | 1.52% | 0.74% | 0.49% | 1.00% | -1.33% | 1.43% | ||
| 2023 | 2.46% | -1.99% | 1.85% | -0.02% | -0.89% | 0.73% | 0.23% | -1.02% | -2.79% | -1.44% | 6.22% | 2.50% | 5.63% |
| 2022 | -2.48% | -0.56% | -2.68% | -2.39% | 1.15% | -1.31% | 2.15% | -2.04% | -3.30% | -0.58% | 3.99% | 0.19% | -7.84% |
| 2021 | 0.37% | -1.43% | 0.48% | 0.72% | 0.25% | 0.12% | 0.69% | -0.33% | -0.78% | -0.10% | 0.70% | 0.13% | 0.80% |
| 2020 | 1.58% | 1.09% | -2.86% | -1.21% | 3.02% | 0.53% | 1.43% | -0.51% | 0.17% | -0.30% | 1.30% | 0.49% | 4.70% |
| 2019 | 0.96% | 0.36% | 1.29% | 0.11% | 1.15% | 0.44% | 0.67% | 1.34% | -0.82% | 0.09% | 0.09% | 0.31% | 6.13% |
| 2018 | -1.06% | -0.24% | 0.49% | -0.23% | 0.97% | 0.02% | 0.24% | 0.24% | -0.48% | -0.60% | 1.11% | 1.07% | 1.53% |
| 2017 | 0.12% | 0.60% | 0.13% | 0.72% | 1.43% | -0.34% | 0.47% | 0.84% | -0.45% | -0.34% | -0.46% | 0.84% | 3.60% |
| 2016 | 1.06% | -0.22% | 0.60% | 0.83% | 0.25% | 1.62% | -0.31% | 0.36% | -0.33% | -1.01% | -3.44% | 1.09% | 0.40% |
| 2015 | 1.34% | -0.50% | 0.18% | -0.40% | -0.06% | -0.31% | 0.64% | 0.26% | 0.86% | 0.27% | 0.62% | 0.85% | 3.77% |
| 2014 | 1.80% | 1.29% | 0.45% | 1.28% | 1.39% | -0.02% | -0.14% | 1.14% | 0.56% | 0.56% | -0.26% | 0.78% | 9.16% |
| 2013 | 1.33% | -0.17% | -0.84% | 0.74% | -0.72% | -3.92% | -1.59% | -1.85% | 2.72% | 1.07% | 0.10% | -0.01% | -3.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETGAX is 47, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Georgia Municipal Income Fund (ETGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Georgia Municipal Income Fund provided a 3.02% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.22 | $0.16 | $0.14 | $0.18 | $0.22 | $0.25 | $0.25 | $0.26 | $0.29 | $0.33 | $0.32 |
Dividend yield | 3.02% | 2.67% | 1.99% | 1.59% | 2.06% | 2.53% | 2.92% | 2.95% | 3.07% | 3.32% | 3.85% | 3.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Georgia Municipal Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.20 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $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 | $0.14 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.18 |
| 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 | $0.22 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2014 | $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 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
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 Eaton Vance Georgia Municipal Income 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 Georgia Municipal Income Fund was 27.08%, occurring on Dec 16, 2008. Recovery took 180 trading sessions.
The current Eaton Vance Georgia Municipal Income Fund drawdown is 1.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.08% | Jan 17, 2008 | 231 | Dec 16, 2008 | 180 | Sep 3, 2009 | 411 |
| -12.28% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -10.54% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -9.4% | Dec 5, 2012 | 185 | Aug 29, 2013 | 179 | May 16, 2014 | 364 |
| -9.1% | Nov 2, 2010 | 52 | Jan 14, 2011 | 138 | Aug 3, 2011 | 190 |
Volatility
Volatility Chart
The current Eaton Vance Georgia Municipal Income Fund volatility is 1.69%, 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.