Eaton Vance Maryland Municipal Income Fund (ETMDX)
The investment seeks to provide current income exempt from regular federal income tax and Maryland state and local income taxes. 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
US27826L5791
27826L579
Dec 9, 1993
$1,000
Expense Ratio
ETMDX has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Eaton Vance Maryland Municipal Income Fund (ETMDX) returned -2.00% year-to-date (YTD) and 1.27% over the past 12 months. Over the past 10 years, ETMDX returned 1.57% annually, underperforming the S&P 500 benchmark at 10.85%.
ETMDX
-2.00%
-0.98%
-3.37%
1.27%
1.30%
0.43%
1.57%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of ETMDX, 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 | 0.26% | 1.20% | -2.01% | -0.46% | -0.98% | -2.00% | |||||||
| 2024 | -0.11% | 0.01% | 0.01% | -1.06% | -0.11% | 1.60% | 0.74% | 0.62% | 0.97% | -1.40% | 1.82% | -1.40% | 1.66% |
| 2023 | 3.02% | -2.42% | 2.17% | -0.15% | -0.87% | 0.84% | 0.34% | -1.06% | -3.03% | -1.38% | 6.35% | 2.82% | 6.42% |
| 2022 | -2.28% | -0.41% | -3.14% | -2.88% | 1.37% | -1.84% | 2.59% | -2.33% | -3.83% | -0.70% | 4.54% | -0.17% | -9.04% |
| 2021 | 0.71% | -1.47% | 0.25% | 0.80% | 0.57% | 0.24% | 0.89% | -0.31% | -0.85% | -0.20% | 0.90% | 0.01% | 1.53% |
| 2020 | 1.63% | 1.28% | -3.50% | -2.73% | 3.34% | 0.99% | 1.64% | -0.48% | 0.07% | -0.27% | 1.62% | 0.71% | 4.18% |
| 2019 | 0.58% | 0.46% | 1.49% | 0.23% | 1.13% | 0.33% | 0.76% | 1.54% | -0.67% | -0.03% | 0.18% | 0.18% | 6.33% |
| 2018 | -1.01% | -0.23% | 0.35% | -0.34% | 0.93% | 0.02% | 0.34% | 0.01% | -0.58% | -0.59% | 0.94% | 0.92% | 0.75% |
| 2017 | 0.48% | 0.49% | 0.15% | 0.49% | 1.18% | -0.29% | 0.58% | 0.57% | -0.44% | 0.00% | -0.44% | 0.81% | 3.62% |
| 2016 | 0.83% | -0.07% | 0.39% | 0.69% | 0.11% | 1.10% | -0.09% | 0.25% | -0.31% | -0.64% | -2.74% | 0.83% | 0.30% |
| 2015 | 1.38% | -0.69% | 0.18% | -0.37% | -0.27% | -0.04% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.70% | 2.85% |
| 2014 | 1.94% | 0.98% | 0.09% | 0.98% | 1.19% | 0.19% | 0.08% | 0.84% | 0.18% | 0.62% | -0.03% | 0.41% | 7.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETMDX is 18, meaning it’s performing worse than 82% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Maryland Municipal Income Fund (ETMDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Eaton Vance Maryland Municipal Income Fund provided a 3.20% dividend yield over the last twelve months, with an annual payout of $0.26 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 | $0.26 | $0.26 | $0.23 | $0.17 | $0.15 | $0.20 | $0.22 | $0.24 | $0.26 | $0.31 | $0.30 | $0.33 |
Dividend yield | 3.20% | 3.09% | 2.75% | 2.04% | 1.62% | 2.18% | 2.48% | 2.80% | 2.99% | 3.54% | 3.34% | 3.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Maryland 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $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 |
| 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 | $0.23 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.17 |
| 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 | $0.15 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.20 |
| 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 | $0.24 |
| 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 | $0.26 |
| 2016 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.30 |
| 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 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Maryland 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 Maryland Municipal Income Fund was 22.74%, occurring on Dec 15, 2008. Recovery took 181 trading sessions.
The current Eaton Vance Maryland Municipal Income Fund drawdown is 4.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.74% | Jan 17, 2008 | 230 | Dec 15, 2008 | 181 | Sep 3, 2009 | 411 |
| -13.82% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -10.4% | Mar 10, 2020 | 9 | Mar 20, 2020 | 176 | Nov 30, 2020 | 185 |
| -8.28% | Dec 10, 2012 | 186 | Sep 5, 2013 | 205 | Jun 30, 2014 | 391 |
| -7.97% | Oct 18, 2010 | 63 | Jan 14, 2011 | 136 | Aug 1, 2011 | 199 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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