Eaton Vance North Carolina Municipal Income Fund (ETNCX)
The investment seeks to provide current income exempt from regular federal income tax and North Carolina state personal income tax. 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
US27826L4703
27826L470
Dec 6, 1993
$1,000
Expense Ratio
ETNCX has an expense ratio of 0.66%, 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 North Carolina Municipal Income Fund (ETNCX) returned -1.79% year-to-date (YTD) and 1.01% over the past 12 months. Over the past 10 years, ETNCX returned 1.53% annually, underperforming the S&P 500 benchmark at 10.85%.
ETNCX
-1.79%
-0.73%
-3.14%
1.01%
1.09%
0.12%
1.53%
^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 ETNCX, 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 | 0.28% | 1.10% | -1.86% | -0.57% | -0.73% | -1.79% | |||||||
| 2024 | -0.10% | 0.01% | 0.01% | -0.92% | -0.11% | 1.47% | 0.86% | 0.50% | 0.97% | -1.61% | 1.70% | -1.37% | 1.34% |
| 2023 | 2.34% | -2.03% | 1.75% | -0.15% | -1.09% | 0.82% | 0.10% | -0.97% | -2.54% | -1.36% | 5.84% | 2.41% | 4.92% |
| 2022 | -2.37% | -0.52% | -2.57% | -2.51% | 1.21% | -1.37% | 2.30% | -2.06% | -3.17% | -0.57% | 3.66% | 0.30% | -7.65% |
| 2021 | 0.58% | -1.56% | 0.37% | 0.93% | 0.14% | 0.25% | 0.78% | -0.30% | -0.84% | -0.20% | 0.68% | 0.02% | 0.83% |
| 2020 | 1.75% | 1.29% | -3.23% | -1.46% | 2.81% | 0.75% | 1.50% | -0.46% | -0.04% | -0.27% | 1.47% | 0.48% | 4.53% |
| 2019 | 0.68% | 0.34% | 1.12% | 0.21% | 1.22% | 0.42% | 0.65% | 1.63% | -0.67% | -0.02% | 0.10% | 0.21% | 6.05% |
| 2018 | -0.97% | -0.29% | 0.15% | -0.20% | 0.83% | 0.15% | 0.26% | 0.14% | -0.53% | -0.66% | 0.96% | 0.93% | 0.74% |
| 2017 | 0.28% | 0.50% | 0.27% | 0.60% | 1.15% | -0.17% | 0.38% | 0.69% | -0.28% | -0.19% | -0.63% | 0.82% | 3.45% |
| 2016 | 1.15% | 0.17% | 0.39% | 0.71% | 0.27% | 1.45% | -0.06% | 0.36% | -0.49% | -0.81% | -3.20% | 0.83% | 0.69% |
| 2015 | 1.92% | -0.99% | 0.51% | -0.68% | -0.25% | -0.36% | 0.84% | 0.07% | 0.60% | 0.29% | 0.41% | 0.73% | 3.09% |
| 2014 | 3.33% | 1.95% | 0.56% | 1.56% | 1.98% | -0.46% | -0.24% | 1.62% | 0.40% | 0.73% | -0.03% | 0.73% | 12.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETNCX is 16, meaning it’s performing worse than 84% 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 North Carolina Municipal Income Fund (ETNCX) 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 North Carolina Municipal Income Fund provided a 3.30% dividend yield over the last twelve months, with an annual payout of $0.27 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 | $0.27 | $0.26 | $0.22 | $0.16 | $0.16 | $0.21 | $0.23 | $0.27 | $0.29 | $0.30 | $0.32 | $0.34 |
Dividend yield | 3.30% | 3.13% | 2.59% | 1.88% | 1.70% | 2.22% | 2.49% | 3.10% | 3.18% | 3.32% | 3.47% | 3.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance North Carolina 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 | $0.22 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.16 |
| 2021 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.21 |
| 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 | $0.23 |
| 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 | $0.27 |
| 2017 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2015 | $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 |
| 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 | $0.34 |
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 North Carolina 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 North Carolina Municipal Income Fund was 23.80%, occurring on Dec 16, 2008. Recovery took 166 trading sessions.
The current Eaton Vance North Carolina Municipal Income Fund drawdown is 4.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.8% | Jan 17, 2008 | 231 | Dec 16, 2008 | 166 | Aug 14, 2009 | 397 |
| -12.33% | May 3, 2013 | 87 | Sep 5, 2013 | 183 | May 29, 2014 | 270 |
| -12.21% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.69% | Oct 15, 2010 | 64 | Jan 14, 2011 | 173 | Sep 22, 2011 | 237 |
| -10.87% | Mar 10, 2020 | 9 | Mar 20, 2020 | 98 | Aug 10, 2020 | 107 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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