Eaton Vance High Yield Municipal Income Fund (ETHYX)
The investment seeks to provide high current income exempt from regular federal income tax. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations (including notes and tax-exempt commercial paper) issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax (the "80% Policy"). It will primarily invest in "high yield" municipal obligations under normal market conditions.
Fund Info
| ISIN | US27826M8828 |
|---|---|
| CUSIP | 27826M882 |
| Issuer | Eaton Vance |
| Inception Date | Aug 6, 1995 |
| Category | High Yield Muni |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Eaton Vance High Yield Municipal Income Fund has a high expense ratio of 0.73%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ETHYX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance High Yield 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 High Yield Municipal Income Fund had a return of 0.18% year-to-date (YTD) and 5.35% in the last 12 months. Over the past 10 years, Eaton Vance High Yield Municipal Income Fund had an annualized return of 3.55%, while the S&P 500 had an annualized return of 10.55%, indicating that Eaton Vance High Yield Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.18% | 6.33% |
| 1 month | -1.00% | -2.81% |
| 6 months | 11.54% | 21.13% |
| 1 year | 5.35% | 24.56% |
| 5 years (annualized) | 1.51% | 11.55% |
| 10 years (annualized) | 3.55% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.47% | 0.47% | 0.59% | |||||||||
| 2023 | -3.45% | -2.26% | 7.28% | 3.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Eaton Vance High Yield Municipal Income Fund(ETHYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance High Yield Municipal Income Fund (ETHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance High Yield Municipal Income Fund granted a 4.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.30 | $0.28 | $0.32 | $0.37 | $0.34 | $0.34 | $0.35 | $0.37 | $0.40 | $0.42 |
Dividend yield | 4.13% | 4.07% | 3.85% | 3.05% | 3.41% | 4.00% | 3.81% | 3.73% | 4.06% | 4.12% | 4.47% | 5.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance High Yield 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 |
| 2014 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2013 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance High Yield 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 High Yield Municipal Income Fund was 43.98%, occurring on Dec 17, 2008. Recovery took 771 trading sessions.
The current Eaton Vance High Yield Municipal Income Fund drawdown is 5.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.98% | May 14, 2007 | 403 | Dec 17, 2008 | 771 | Jan 10, 2012 | 1174 |
| -17.09% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.34% | Mar 3, 2020 | 14 | Mar 20, 2020 | 198 | Dec 31, 2020 | 212 |
| -11.73% | May 3, 2013 | 83 | Aug 29, 2013 | 171 | May 6, 2014 | 254 |
| -9.95% | May 4, 1999 | 272 | May 22, 2000 | 276 | Jun 27, 2001 | 548 |
Volatility
Volatility Chart
The current Eaton Vance High Yield Municipal Income Fund volatility is 1.04%, 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.