Eaton Vance Short Duration Municipal Opportunities Fund (EZMAX)
The investment seeks to maximize after-tax total return. The fund normally 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. It may invest up to 50% of its net assets in obligations rated below investment grade. The fund may invest up to 20% of its net assets in other debt obligations, including (but not limited to) taxable municipal obligations, U.S. Treasury securities and obligations of the U.S. government, its agencies or instrumentalities. The fund is non-diversified.
Fund Info
US27826H8189
27826H818
Dec 7, 1993
$1,000
Expense Ratio
EZMAX has a high expense ratio of 1.41%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Short Duration Municipal Opportunities 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 Short Duration Municipal Opportunities Fund had a return of 0.62% year-to-date (YTD) and 3.61% in the last 12 months. Over the past 10 years, Eaton Vance Short Duration Municipal Opportunities Fund had an annualized return of 1.29%, while the S&P 500 had an annualized return of 11.26%, indicating that Eaton Vance Short Duration Municipal Opportunities Fund did not perform as well as the benchmark.
EZMAX
0.62%
0.62%
1.15%
3.61%
0.46%
1.29%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of EZMAX, 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 | 0.40% | 0.62% | |||||||||||
| 2024 | 0.18% | 0.19% | 0.18% | -0.34% | -0.03% | 0.95% | 0.82% | 0.83% | 0.61% | -0.76% | 0.93% | -0.55% | 3.05% |
| 2023 | 1.33% | -1.13% | 1.02% | 0.04% | -0.50% | 0.50% | 0.17% | -0.58% | -0.90% | -0.36% | 2.74% | 1.16% | 3.48% |
| 2022 | -1.60% | -0.58% | -1.83% | -1.53% | 0.59% | -0.67% | 1.15% | -1.19% | -1.74% | -0.33% | 1.79% | 0.14% | -5.72% |
| 2021 | 0.97% | -0.65% | 0.24% | 0.34% | 0.23% | 0.23% | 0.42% | -0.18% | -0.58% | -0.28% | 0.34% | -0.08% | 1.00% |
| 2020 | 0.90% | 0.80% | -4.34% | -1.70% | 1.47% | 1.66% | 1.10% | 0.17% | 0.06% | -0.04% | 0.79% | 0.59% | 1.34% |
| 2019 | 0.54% | 0.33% | 0.61% | 0.13% | 0.74% | 0.32% | 0.31% | 0.62% | -0.31% | 0.21% | 0.09% | 0.09% | 3.74% |
| 2018 | 0.00% | -0.08% | 0.21% | -0.19% | 0.65% | 0.25% | 0.23% | 0.13% | -0.29% | -0.40% | 0.35% | 0.55% | 1.41% |
| 2017 | 0.56% | 0.66% | 0.11% | 0.65% | 1.07% | -0.30% | 0.64% | 0.74% | 0.01% | -0.41% | -0.21% | 0.31% | 3.89% |
| 2016 | 1.20% | 0.15% | -0.06% | 0.47% | -0.16% | 1.09% | 0.14% | 0.05% | -0.36% | -0.68% | -2.79% | 0.25% | -0.76% |
| 2015 | 1.41% | -0.76% | 0.04% | -0.36% | -0.47% | -0.37% | 0.48% | 0.05% | 0.91% | 0.26% | 0.05% | 0.37% | 1.60% |
| 2014 | 1.36% | 0.93% | -0.35% | 1.02% | 0.80% | -0.25% | 0.05% | 0.78% | -0.15% | 0.36% | -0.14% | 0.16% | 4.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, EZMAX is among the top 19% of 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 Short Duration Municipal Opportunities Fund (EZMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Short Duration Municipal Opportunities Fund provided a 2.25% dividend yield over the last twelve months, with an annual payout of $0.21 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 | $0.21 | $0.21 | $0.19 | $0.09 | $0.04 | $0.09 | $0.13 | $0.14 | $0.13 | $0.17 | $0.18 | $0.19 |
Dividend yield | 2.25% | 2.25% | 1.99% | 0.92% | 0.39% | 0.91% | 1.28% | 1.50% | 1.37% | 1.83% | 1.89% | 2.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Short Duration Municipal Opportunities 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 | $0.00 | $0.02 | ||||||||||
| 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 | $0.21 |
| 2023 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2021 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2018 | $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 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2015 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
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 Short Duration Municipal Opportunities 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 Short Duration Municipal Opportunities Fund was 9.89%, occurring on Dec 16, 2008. Recovery took 104 trading sessions.
The current Eaton Vance Short Duration Municipal Opportunities Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.89% | Jan 24, 2008 | 227 | Dec 16, 2008 | 104 | May 18, 2009 | 331 |
| -8.35% | Aug 6, 2021 | 307 | Oct 24, 2022 | 485 | Sep 30, 2024 | 792 |
| -7.96% | Mar 10, 2020 | 9 | Mar 20, 2020 | 208 | Jan 15, 2021 | 217 |
| -7.59% | Dec 3, 2012 | 191 | Sep 5, 2013 | 342 | Jan 14, 2015 | 533 |
| -5.43% | Sep 3, 2010 | 94 | Jan 18, 2011 | 138 | Aug 4, 2011 | 232 |
Volatility
Volatility Chart
The current Eaton Vance Short Duration Municipal Opportunities Fund volatility is 0.55%, 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.