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Eaton Vance National Municipal Income A Fund (EANAX) in Focus

Zacks Equity Research

Eaton Vance National Municipal Income A (EANAX) a Zacks Rank #2 (Buy) primarily invests in investment grade municipal obligations and also in lower rated obligations. EANAX may purchase derivative instruments (such as inverse floaters, futures contracts and options thereon, and interest rate swaps), bonds that do not make regular payments of interest, bonds issued on a when-issued basis and municipal leases.

The Eaton Vance National Municipal Income A fund, managed by Eaton Vance, carries an expense ratio of 0.67%. Moreover, EANAX requires a minimal initial investment of $1,000.

EANAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 8.38%, 3 year 8.16% and 5 year 6.86%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

EANAX’s performance, as of the last filing, when compared to funds in its category was in the top 19% in 1 year, top 9% over the past 3 years, and in the 12% over the past 5 years.

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